AVY vs RVT: Correlation
Measured on weekly returns over the past three years, Avery Dennison (AVY) and Royce Small-Cap Trust, Inc. (RVT) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVY and RVT?
Across a 3-year window, the weekly returns of AVY and RVT correlate at 0.58, moderate. Recent behaviour matches the longer record: 0.57 over 1 year against 0.58 over 3. Stretching to 5 years gives 0.61, with an annualized covariance of 221.6 %².
Among the 38 assets we track against AVY, RVT ranks #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RVT outperformed by 22.1 percentage points (+5.3% for AVY against +27.4% for RVT).
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.
AVY vs RVT: side by side
| AVY (Avery Dennison) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +5.3% | +27.4% |
| 5-year return | -14.0% | +53.9% |
| Volatility (ann.) | 20.2% | 19.1% |
| Beta vs S&P 500 | 0.61 | 0.99 |
| Max drawdown (3Y) | -30.6% | -23.5% |
| Market cap | $13.5B | $2.3B |
| P/E (trailing) | 20.0 | 6.5 |
| Dividend yield | 2.10% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | AVY | RVT |
|---|---|---|
| 2022 | -15.1% | -26.3% |
| 2023 | +13.7% | +18.8% |
| 2024 | -5.9% | +17.9% |
| 2025 | -0.7% | +11.5% |
| 2026 | -0.8% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVY and RVT good diversifiers for each other?
To a limited degree. At 0.58 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 AVY and RVT?
The AVY/RVT correlation stands at 0.58 on a 3-year window (1 year: 0.57, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is RVT a good diversifier for AVY?
To a limited degree. At 0.58 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 0.58 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/avy-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avy-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVY correlations · RVT correlations
