AVNT vs RVT: Correlation
Avient Corporation (AVNT) and Royce Small-Cap Trust, Inc. (RVT) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVNT and RVT?
Over the past 3 years, AVNT and RVT moved with a correlation of 0.72, which is strong. Little has changed lately, as the 1-year reading of 0.69 lands near the 3-year figure. Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 509.8 %².
RVT is one of the assets that tracks AVNT most closely: it ranks #3 out of the 35 assets we track against AVNT. Over the last 12 months RVT came out ahead by 5.7 percentage points (+21.7% against +27.4%). One caveat on sizing: AVNT is 1.9 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.
AVNT vs RVT: side by side
| AVNT (Avient Corporation) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +21.7% | +27.4% |
| 5-year return | -3.6% | +53.9% |
| Volatility (ann.) | 36.9% | 19.1% |
| Beta vs S&P 500 | 1.33 | 0.99 |
| Max drawdown (3Y) | -46.9% | -23.5% |
| Market cap | $4.1B | $2.3B |
| P/E (trailing) | 23.9 | 6.5 |
| Dividend yield | 2.45% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVNT | RVT |
|---|---|---|
| 2022 | -38.2% | -26.3% |
| 2023 | +26.4% | +18.8% |
| 2024 | +0.6% | +17.9% |
| 2025 | -21.2% | +11.5% |
| 2026 | +43.9% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNT and RVT good diversifiers for each other?
Only partially. A correlation of 0.72 means AVNT 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 AVNT and RVT?
The AVNT/RVT correlation stands at 0.72 on a 3-year window (1 year: 0.69, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is RVT a good diversifier for AVNT?
Only partially. A correlation of 0.72 means AVNT 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 0.72 mean?
On the −1 to +1 scale, 0.72 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/avnt-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avnt-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVNT correlations · RVT correlations
