ALG vs RVT: Correlation
Measured on weekly returns over the past three years, Alamo Group, Inc. (ALG) and Royce Small-Cap Trust, Inc. (RVT) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALG and RVT?
On 3 years of weekly data the ALG/RVT correlation comes out at 0.64, strong. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. The 5-year figure is 0.62, and annualized covariance runs at 372.1 %².
RVT is one of the assets that tracks ALG most closely: it ranks #3 out of the 17 assets we track against ALG. Correlation aside, the last 12 months split them widely, with RVT ahead by 51.4 points (-24.0% versus +27.4%). Note the risk asymmetry: ALG 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.
ALG vs RVT: side by side
| ALG (Alamo Group, Inc.) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -24.0% | +27.4% |
| 5-year return | +9.2% | +53.9% |
| Volatility (ann.) | 30.3% | 19.1% |
| Beta vs S&P 500 | 0.83 | 0.99 |
| Max drawdown (3Y) | -36.3% | -23.5% |
| Market cap | $2.0B | $2.3B |
| P/E (trailing) | 19.8 | 6.5 |
| Dividend yield | 0.78% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALG | RVT |
|---|---|---|
| 2022 | -3.3% | -26.3% |
| 2023 | +49.2% | +18.8% |
| 2024 | -11.1% | +17.9% |
| 2025 | -9.1% | +11.5% |
| 2026 | -1.7% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALG and RVT good diversifiers for each other?
To a limited degree. At 0.64 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 ALG and RVT?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.65 over the last year and 0.62 over 5 years.
Is RVT a good diversifier for ALG?
To a limited degree. At 0.64 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 0.64 mean?
On the −1 to +1 scale, 0.64 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/alg-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alg-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALG correlations · RVT correlations
