IWM vs LYFT: Correlation
iShares Russell 2000 ETF (IWM) and Lyft, Inc. (LYFT) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IWM and LYFT?
On 3 years of weekly data the IWM/LYFT correlation comes out at 0.51, moderate. The past 12 months show a weaker link (0.39) than the 3-year average (0.51). The 5-year figure is 0.50, and annualized covariance runs at 620.5 %².
Within IWM's tracked universe of 320 assets, LYFT comes in at #215 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IWM ahead by 21.6 points (+28.4% versus +6.8%). Risk is not evenly split, since LYFT carries 3.1 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
IWM vs LYFT: side by side
| IWM (iShares Russell 2000 ETF) | LYFT (Lyft, Inc.) | |
|---|---|---|
| 1-year return | +28.4% | +6.8% |
| 5-year return | +41.5% | -63.2% |
| Volatility (ann.) | 19.8% | 61.8% |
| Beta vs S&P 500 | 1.06 | 1.77 |
| Max drawdown (3Y) | -27.5% | -55.2% |
| Market cap | – | $6.6B |
| P/E (trailing) | – | 2.5 |
| Dividend yield | 0.91% | 0.00% |
| Expense ratio | 0.19% | – |
| Assets under management | $80.1B | – |
| Sector / category | ETF · US Small & Mid Cap | US Listed |
IWM is a Small Blend fund from iShares: $80.1B under management, 1757 holdings, a 0.19% expense ratio, a 0.91% trailing dividend yield.
Year-by-year returns
| Year | IWM | LYFT |
|---|---|---|
| 2022 | -20.5% | -74.2% |
| 2023 | +16.8% | +36.0% |
| 2024 | +11.4% | -13.9% |
| 2025 | +12.7% | +50.2% |
| 2026 | +22.3% | -10.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IWM and LYFT good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IWM and LYFT?
The IWM/LYFT correlation stands at 0.51 on a 3-year window (1 year: 0.39, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is LYFT a good diversifier for IWM?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: IWM correlations · LYFT correlations
