ARHS vs RVT: Correlation
Measured on weekly returns over the past three years, Arhaus, Inc. (ARHS) and Royce Small-Cap Trust, Inc. (RVT) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARHS and RVT?
Over the past 3 years, ARHS and RVT moved with a correlation of 0.53, which is moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 585.4 %².
By 3-year correlation, RVT places #5 of the 15 assets tracked against ARHS. The last year tells two different stories: RVT led by 50.3 percentage points, -22.9% for ARHS against +27.4% for RVT. One caveat on sizing: ARHS is 3.0 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.
ARHS vs RVT: side by side
| ARHS (Arhaus, Inc.) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -22.9% | +27.4% |
| 5-year return | -25.3% | +53.9% |
| Volatility (ann.) | 57.7% | 19.1% |
| Beta vs S&P 500 | 1.73 | 0.99 |
| Max drawdown (3Y) | -69.3% | -23.5% |
| Market cap | $1.2B | $2.3B |
| P/E (trailing) | 18.0 | 6.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARHS | RVT |
|---|---|---|
| 2022 | -26.4% | -26.3% |
| 2023 | +21.5% | +18.8% |
| 2024 | -17.9% | +17.9% |
| 2025 | +19.3% | +11.5% |
| 2026 | -17.5% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARHS and RVT good diversifiers for each other?
Only partially. A correlation of 0.53 means ARHS and RVT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ARHS and RVT?
As of 2026-08-27, the correlation of weekly returns between ARHS and RVT is 0.53 over 3 years, 0.54 over 1 year and 0.55 over 5 years.
Is RVT a good diversifier for ARHS?
Only partially. A correlation of 0.53 means ARHS and RVT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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/arhs-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arhs-vs-rvt/)
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Related comparisons
Hubs: ARHS correlations · RVT correlations
