ATRO vs RVT: Correlation
Measured on weekly returns over the past three years, Astronics Corporation (ATRO) and Royce Small-Cap Trust, Inc. (RVT) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATRO and RVT?
Across a 3-year window, the weekly returns of ATRO and RVT correlate at 0.48, moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.48 over 3. Stretching to 5 years gives 0.39, with an annualized covariance of 435.7 %².
Among the 11 assets we track against ATRO, RVT ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ATRO ahead by 140.1 points (+167.5% versus +27.4%). Note the risk asymmetry: ATRO runs 2.5 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.
ATRO vs RVT: side by side
| ATRO (Astronics Corporation) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +167.5% | +27.4% |
| 5-year return | +623.9% | +53.9% |
| Volatility (ann.) | 47.1% | 19.1% |
| Beta vs S&P 500 | 1.07 | 0.99 |
| Max drawdown (3Y) | -33.3% | -23.5% |
| Market cap | $3.4B | $2.3B |
| P/E (trailing) | 42.6 | 6.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATRO | RVT |
|---|---|---|
| 2022 | -14.2% | -26.3% |
| 2023 | +69.1% | +18.8% |
| 2024 | -8.4% | +17.9% |
| 2025 | +239.8% | +11.5% |
| 2026 | +80.2% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATRO and RVT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ATRO and RVT?
The ATRO/RVT correlation stands at 0.48 on a 3-year window (1 year: 0.53, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is RVT a good diversifier for ATRO?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/atro-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/atro-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATRO correlations · RVT correlations
