ACA vs RVT: Correlation
How closely do Arcosa, Inc. (ACA) and Royce Small-Cap Trust, Inc. (RVT) trade together? Their weekly returns over three years give a correlation of 0.67, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACA and RVT?
Over the past 3 years, ACA and RVT moved with a correlation of 0.67, which is strong. The past 12 months show a weaker link (0.46) than the 3-year average (0.67). Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 405.3 %².
RVT is one of the assets that tracks ACA most closely: it ranks #3 out of the 23 assets we track against ACA. The last year tells two different stories: ACA led by 19.6 percentage points, +47.0% for ACA against +27.4% for RVT. One caveat on sizing: ACA is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ACA vs RVT: side by side
| ACA (Arcosa, Inc.) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +47.0% | +27.4% |
| 5-year return | +186.5% | +53.9% |
| Volatility (ann.) | 31.9% | 19.1% |
| Beta vs S&P 500 | 1.23 | 0.99 |
| Max drawdown (3Y) | -36.6% | -23.5% |
| Market cap | $7.1B | $2.3B |
| P/E (trailing) | 32.5 | 6.5 |
| Dividend yield | 0.14% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACA | RVT |
|---|---|---|
| 2022 | +3.5% | -26.3% |
| 2023 | +52.5% | +18.8% |
| 2024 | +17.3% | +17.9% |
| 2025 | +10.2% | +11.5% |
| 2026 | +37.0% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACA and RVT good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ACA and RVT?
The ACA/RVT correlation stands at 0.67 on a 3-year window (1 year: 0.46, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is RVT a good diversifier for ACA?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 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
$ curl https://www.pairbook.io/api/v1/pairs/aca-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aca-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACA correlations · RVT correlations
