CSW vs RVT: Correlation
How closely do CSW Industrials, Inc. (CSW) 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 CSW and RVT?
On 3 years of weekly data the CSW/RVT correlation comes out at 0.60, strong. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. The 5-year figure is 0.54, and annualized covariance runs at 433.5 %².
Within CSW's tracked universe of 12 assets, RVT comes in at #5 by 3-year correlation. The trailing year gives RVT the advantage: +18.4% versus +27.4%, a 9.0-point spread. Note the risk asymmetry: CSW runs 2.0 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.
CSW vs RVT: side by side
| CSW (CSW Industrials, Inc.) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +18.4% | +27.4% |
| 5-year return | +140.7% | +53.9% |
| Volatility (ann.) | 37.7% | 19.1% |
| Beta vs S&P 500 | 1.34 | 0.99 |
| Max drawdown (3Y) | -46.2% | -23.5% |
| Market cap | $5.2B | $2.3B |
| P/E (trailing) | 44.2 | 6.5 |
| Dividend yield | 0.34% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CSW | RVT |
|---|---|---|
| 2022 | -3.5% | -26.3% |
| 2023 | +79.8% | +18.8% |
| 2024 | +70.6% | +17.9% |
| 2025 | -16.5% | +11.5% |
| 2026 | +8.8% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSW and RVT good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CSW and RVT?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.58 over the last year and 0.54 over 5 years.
Is RVT a good diversifier for CSW?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
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/csw-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/csw-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CSW correlations · RVT correlations
