IWM vs SEER: Correlation
iShares Russell 2000 ETF (IWM) and Seer, Inc. (SEER) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IWM and SEER?
Over the past 3 years, IWM and SEER moved with a correlation of 0.44, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.22 versus 0.44 over 3 years. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 481.9 %².
By 3-year correlation, SEER places #287 of the 320 assets tracked against IWM. Correlation aside, the last 12 months split them widely, with IWM ahead by 30.8 points (+28.4% versus -2.4%). Risk is not evenly split, since SEER carries 2.8 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 SEER: side by side
| IWM (iShares Russell 2000 ETF) | SEER (Seer, Inc.) | |
|---|---|---|
| 1-year return | +28.4% | -2.4% |
| 5-year return | +41.5% | -94.7% |
| Volatility (ann.) | 19.8% | 55.5% |
| Beta vs S&P 500 | 1.06 | 1.36 |
| Max drawdown (3Y) | -27.5% | -46.0% |
| Market cap | – | $0.1B |
| 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 | SEER |
|---|---|---|
| 2022 | -20.5% | -74.6% |
| 2023 | +16.8% | -66.6% |
| 2024 | +11.4% | +19.1% |
| 2025 | +12.7% | -20.8% |
| 2026 | +22.3% | +9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IWM and SEER good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IWM and SEER?
As of 2026-08-27, the correlation of weekly returns between IWM and SEER is 0.44 over 3 years, 0.22 over 1 year and 0.51 over 5 years.
Is SEER a good diversifier for IWM?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/iwm-vs-seer.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/iwm-vs-seer/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IWM correlations · SEER correlations
