IWM vs PSFE: Correlation
iShares Russell 2000 ETF (IWM) and Paysafe Limited (PSFE) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IWM and PSFE?
On 3 years of weekly data the IWM/PSFE correlation comes out at 0.50, moderate. The past 12 months show a weaker link (0.38) than the 3-year average (0.50). The 5-year figure is 0.53, and annualized covariance runs at 598.7 %².
By 3-year correlation, PSFE places #234 of the 320 assets tracked against IWM. The last year tells two different stories: IWM led by 80.6 percentage points, +28.4% for IWM against -52.2% for PSFE. Risk is not evenly split, since PSFE 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 PSFE: side by side
| IWM (iShares Russell 2000 ETF) | PSFE (Paysafe Limited) | |
|---|---|---|
| 1-year return | +28.4% | -52.2% |
| 5-year return | +41.5% | -93.3% |
| Volatility (ann.) | 19.8% | 60.9% |
| Beta vs S&P 500 | 1.06 | 1.61 |
| Max drawdown (3Y) | -27.5% | -76.6% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| 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, iShares's Small Blend fund, carries $80.1B under management, 1757 holdings, a 0.19% expense ratio, a 0.91% trailing dividend yield.
Year-by-year returns
| Year | IWM | PSFE |
|---|---|---|
| 2022 | -20.5% | -70.4% |
| 2023 | +16.8% | -7.9% |
| 2024 | +11.4% | +33.7% |
| 2025 | +12.7% | -52.7% |
| 2026 | +22.3% | -16.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IWM and PSFE good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between IWM and PSFE?
The IWM/PSFE correlation stands at 0.50 on a 3-year window (1 year: 0.38, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is PSFE a good diversifier for IWM?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/iwm-vs-psfe.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iwm-vs-psfe/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IWM correlations · PSFE correlations
