CMCO vs RVT: Correlation
How closely do Columbus McKinnon Corporation (CMCO) and Royce Small-Cap Trust, Inc. (RVT) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMCO and RVT?
Over the past 3 years, CMCO and RVT moved with a correlation of 0.60, which is strong. Recent behaviour matches the longer record: 0.63 over 1 year against 0.60 over 3. Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 576.6 %².
Few assets follow CMCO as closely as RVT, which ranks #2 of 15 tracked partners. Their 12-month results are close: +23.3% for CMCO against +27.4% for RVT. Note the risk asymmetry: CMCO runs 2.6 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.
CMCO vs RVT: side by side
| CMCO (Columbus McKinnon Corporation) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +23.3% | +27.4% |
| 5-year return | -58.0% | +53.9% |
| Volatility (ann.) | 50.1% | 19.1% |
| Beta vs S&P 500 | 1.42 | 0.99 |
| Max drawdown (3Y) | -72.8% | -23.5% |
| Market cap | $0.5B | $2.3B |
| P/E (trailing) | – | 6.5 |
| Dividend yield | 1.56% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMCO | RVT |
|---|---|---|
| 2022 | -29.3% | -26.3% |
| 2023 | +21.1% | +18.8% |
| 2024 | -3.9% | +17.9% |
| 2025 | -52.9% | +11.5% |
| 2026 | +7.8% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMCO and RVT good diversifiers for each other?
To a limited degree. At 0.60 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 CMCO and RVT?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.63 over the last year and 0.61 over 5 years.
Is RVT a good diversifier for CMCO?
To a limited degree. At 0.60 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 0.60 mean?
On the −1 to +1 scale, 0.60 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/cmco-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cmco-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CMCO correlations · RVT correlations
