CARS vs RVT: Correlation
How closely do Cars.com Inc. (CARS) and Royce Small-Cap Trust, Inc. (RVT) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CARS and RVT?
On 3 years of weekly data the CARS/RVT correlation comes out at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 448.6 %².
In CARS's tracked universe of 14 assets, RVT sits right near the top at #3. Correlation aside, the last 12 months split them widely, with RVT ahead by 38.0 points (-10.6% versus +27.4%). One caveat on sizing: CARS is 2.2 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.
CARS vs RVT: side by side
| CARS (Cars.com Inc.) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -10.6% | +27.4% |
| 5-year return | -7.8% | +53.9% |
| Volatility (ann.) | 42.1% | 19.1% |
| Beta vs S&P 500 | 1.42 | 0.99 |
| Max drawdown (3Y) | -63.4% | -23.5% |
| Market cap | $0.6B | $2.3B |
| P/E (trailing) | 21.0 | 6.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CARS | RVT |
|---|---|---|
| 2022 | -14.4% | -26.3% |
| 2023 | +37.8% | +18.8% |
| 2024 | -8.6% | +17.9% |
| 2025 | -29.6% | +11.5% |
| 2026 | -3.5% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CARS and RVT good diversifiers for each other?
To a limited degree. At 0.56 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 CARS and RVT?
The CARS/RVT correlation stands at 0.56 on a 3-year window (1 year: 0.55, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is RVT a good diversifier for CARS?
To a limited degree. At 0.56 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 0.56 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/cars-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cars-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CARS correlations · RVT correlations
