iShares Russell 2000 (IWM)
Russell 2000 ETF closing price ($, daily)
| Property | Value |
|---|---|
| Category | macro |
| Unit | $ |
| Resolution | 1d |
| Assets | MACRO |
| Tier | Basic |
| API Endpoint | GET /v1/macro/markets |
| Field | iwm |
Overview
Daily closing price of the iShares Russell 2000 ETF (NYSE Arca: IWM), which tracks the Russell 2000 index of US small-cap stocks. Small caps are more domestically focused and more sensitive to US economic conditions, credit availability, and rate cycles than large caps.
Interpretation
- Rising IWM: easing financial conditions, falling rates, expanding domestic credit — typically a tailwind for risk assets including BTC.
- Falling IWM: tightening conditions, rising rates, credit stress — often a leading signal of broader risk-off regimes.
- Small caps tend to lead the broader cycle in both directions.
Use Cases
- Use as a high-beta, rate-sensitive equity benchmark for BTC cross-asset analysis.
- Compare IWM versus QQQ relative performance to identify "small-cap reversals" that often coincide with rate-cut regimes favourable to BTC.
- Combine with
macro_spread_10y_2yandmacro_hy_credit_spreadto confirm credit-cycle positioning.
API Usage
curl -H "Authorization: Bearer YOUR_API_KEY" \
"https://api.blocklens.co/v1/macro/markets?start_date=2024-01-01&end_date=2024-12-31&limit=365"
Related Metrics
- SPDR S&P 500 ETF (SPY) — S&P 500 ETF closing price ($, daily)
- Invesco QQQ (QQQ) — Nasdaq 100 ETF closing price ($, daily)
- 10Y-2Y Yield Spread — 10-year minus 2-year Treasury yield spread (%, recession indicator)
- Unemployment Rate — US civilian unemployment rate (%, monthly)