IWM vs RVLV: Correlation
iShares Russell 2000 ETF (IWM) and Revolve Group, Inc. (RVLV) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IWM and RVLV?
On 3 years of weekly data the IWM/RVLV correlation comes out at 0.58, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. The 5-year figure is 0.62, and annualized covariance runs at 626.8 %².
Among the 320 assets we track against IWM, RVLV ranks #148 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IWM ahead by 28.3 points (+28.4% versus +0.1%). Note the risk asymmetry: RVLV runs 2.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 RVLV: side by side
| IWM (iShares Russell 2000 ETF) | RVLV (Revolve Group, Inc.) | |
|---|---|---|
| 1-year return | +28.4% | +0.1% |
| 5-year return | +41.5% | -59.7% |
| Volatility (ann.) | 19.8% | 54.1% |
| Beta vs S&P 500 | 1.06 | 1.64 |
| Max drawdown (3Y) | -27.5% | -56.0% |
| Market cap | – | $1.6B |
| P/E (trailing) | – | 23.0 |
| 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 | RVLV |
|---|---|---|
| 2022 | -20.5% | -60.3% |
| 2023 | +16.8% | -25.5% |
| 2024 | +11.4% | +102.0% |
| 2025 | +12.7% | -9.9% |
| 2026 | +22.3% | -23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IWM and RVLV good diversifiers for each other?
Only partially. A correlation of 0.58 means IWM and RVLV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between IWM and RVLV?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.48 over the last year and 0.62 over 5 years.
Is RVLV a good diversifier for IWM?
Only partially. A correlation of 0.58 means IWM and RVLV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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-rvlv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iwm-vs-rvlv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IWM correlations · RVLV correlations
