IWM vs STKS: Correlation
iShares Russell 2000 ETF (IWM) and The ONE Group Hospitality, Inc. (STKS) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IWM and STKS?
Across a 3-year window, the weekly returns of IWM and STKS correlate at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.39 lands near the 3-year figure. Stretching to 5 years gives 0.51, with an annualized covariance of 589.8 %².
By 3-year correlation, STKS places #266 of the 320 assets tracked against IWM. The last year tells two different stories: IWM led by 70.6 percentage points, +28.4% for IWM against -42.2% for STKS. Note the risk asymmetry: STKS runs 3.2 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 STKS: side by side
| IWM (iShares Russell 2000 ETF) | STKS (The ONE Group Hospitality, Inc.) | |
|---|---|---|
| 1-year return | +28.4% | -42.2% |
| 5-year return | +41.5% | -85.0% |
| Volatility (ann.) | 19.8% | 63.5% |
| Beta vs S&P 500 | 1.06 | 1.30 |
| Max drawdown (3Y) | -27.5% | -76.5% |
| 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 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 | STKS |
|---|---|---|
| 2022 | -20.5% | -50.0% |
| 2023 | +16.8% | -2.9% |
| 2024 | +11.4% | -52.6% |
| 2025 | +12.7% | -39.7% |
| 2026 | +22.3% | -5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IWM and STKS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IWM and STKS?
As of 2026-08-27, the correlation of weekly returns between IWM and STKS is 0.47 over 3 years, 0.39 over 1 year and 0.51 over 5 years.
Is STKS a good diversifier for IWM?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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-stks.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/iwm-vs-stks/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IWM correlations · STKS correlations
