IWM vs SNFCA: Correlation
iShares Russell 2000 ETF (IWM) and Security National Financial Corporation (SNFCA) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IWM and SNFCA?
Across a 3-year window, the weekly returns of IWM and SNFCA correlate at 0.56, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.34 versus 0.56 over 3 years. Stretching to 5 years gives 0.47, with an annualized covariance of 385.4 %².
Among the 320 assets we track against IWM, SNFCA ranks #165 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IWM ahead by 24.0 points (+28.4% versus +4.4%). Note the risk asymmetry: SNFCA runs 1.7 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 SNFCA: side by side
| IWM (iShares Russell 2000 ETF) | SNFCA (Security National Financial Corporation) | |
|---|---|---|
| 1-year return | +28.4% | +4.4% |
| 5-year return | +41.5% | +22.0% |
| Volatility (ann.) | 19.8% | 34.6% |
| Beta vs S&P 500 | 1.06 | 1.07 |
| Max drawdown (3Y) | -27.5% | -39.5% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 6.9 |
| 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 | SNFCA |
|---|---|---|
| 2022 | -20.5% | -16.7% |
| 2023 | +16.8% | +29.5% |
| 2024 | +11.4% | +40.4% |
| 2025 | +12.7% | -21.4% |
| 2026 | +22.3% | +1.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IWM and SNFCA good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IWM and SNFCA?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.34 over the last year and 0.47 over 5 years.
Is SNFCA a good diversifier for IWM?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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
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Related comparisons
Hubs: IWM correlations · SNFCA correlations
