IWM vs SCSC: Correlation
Measured on weekly returns over the past three years, iShares Russell 2000 ETF (IWM) and ScanSource, Inc. (SCSC) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IWM and SCSC?
On 3 years of weekly data the IWM/SCSC correlation comes out at 0.64, strong. The past 12 months show a weaker link (0.41) than the 3-year average (0.64). The 5-year figure is 0.64, and annualized covariance runs at 453.0 %².
Among the 320 assets we track against IWM, SCSC ranks #77 by 3-year correlation. Neither side won the trailing year by much: +28.4% against +30.0%. Risk is not evenly split, since SCSC carries 1.8 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 SCSC: side by side
| IWM (iShares Russell 2000 ETF) | SCSC (ScanSource, Inc.) | |
|---|---|---|
| 1-year return | +28.4% | +30.0% |
| 5-year return | +41.5% | +60.7% |
| Volatility (ann.) | 19.8% | 35.5% |
| Beta vs S&P 500 | 1.06 | 1.21 |
| Max drawdown (3Y) | -27.5% | -44.2% |
| Market cap | – | $1.2B |
| P/E (trailing) | – | 15.5 |
| Dividend yield | 0.91% | 0.00% |
| Expense ratio | 0.19% | – |
| Assets under management | $80.1B | – |
| Sector / category | ETF · US Small & Mid Cap | US Listed |
On the fund side, IWM sits in the Small Blend category at iShares, with $80.1B under management, 1757 holdings, a 0.19% expense ratio, a 0.91% trailing dividend yield.
Year-by-year returns
| Year | IWM | SCSC |
|---|---|---|
| 2022 | -20.5% | -16.7% |
| 2023 | +16.8% | +35.6% |
| 2024 | +11.4% | +19.8% |
| 2025 | +12.7% | -17.7% |
| 2026 | +22.3% | +48.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IWM and SCSC good diversifiers for each other?
Only partially. A correlation of 0.64 means IWM and SCSC 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 SCSC?
The IWM/SCSC correlation stands at 0.64 on a 3-year window (1 year: 0.41, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is SCSC a good diversifier for IWM?
Only partially. A correlation of 0.64 means IWM and SCSC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/iwm-vs-scsc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iwm-vs-scsc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IWM correlations · SCSC correlations
