IWM vs TTC: Correlation
How closely do iShares Russell 2000 ETF (IWM) and Toro Company (The) (TTC) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IWM and TTC?
On 3 years of weekly data the IWM/TTC correlation comes out at 0.54, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.54 over 3. The 5-year figure is 0.59, and annualized covariance runs at 334.8 %².
By 3-year correlation, TTC places #185 of the 320 assets tracked against IWM. The trailing year gives IWM the advantage: +28.4% versus +22.8%, a 5.6-point spread. Note the risk asymmetry: TTC runs 1.6 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 TTC: side by side
| IWM (iShares Russell 2000 ETF) | TTC (Toro Company (The)) | |
|---|---|---|
| 1-year return | +28.4% | +22.8% |
| 5-year return | +41.5% | -3.5% |
| Volatility (ann.) | 19.8% | 31.1% |
| Beta vs S&P 500 | 1.06 | 0.98 |
| Max drawdown (3Y) | -27.5% | -36.9% |
| Market cap | – | – |
| P/E (trailing) | – | 28.9 |
| Dividend yield | 0.91% | 1.53% |
| 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 | TTC |
|---|---|---|
| 2022 | -20.5% | +14.9% |
| 2023 | +16.8% | -14.0% |
| 2024 | +11.4% | -15.2% |
| 2025 | +12.7% | +0.3% |
| 2026 | +22.3% | +27.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IWM and TTC good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between IWM and TTC?
As of 2026-08-27, the correlation of weekly returns between IWM and TTC is 0.54 over 3 years, 0.48 over 1 year and 0.59 over 5 years.
Is TTC a good diversifier for IWM?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
A reading of 0.54 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-ttc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iwm-vs-ttc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IWM correlations · TTC correlations
