CTOS vs RVT: Correlation
How closely do Custom Truck One Source, Inc. (CTOS) 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 CTOS and RVT?
Over the past 3 years, CTOS and RVT moved with a correlation of 0.56, which is moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 578.9 %².
By 3-year correlation, RVT places #5 of the 13 assets tracked against CTOS. The last year tells two different stories: CTOS led by 33.9 percentage points, +61.3% for CTOS against +27.4% for RVT. One caveat on sizing: CTOS is 2.8 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.
CTOS vs RVT: side by side
| CTOS (Custom Truck One Source, Inc.) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +61.3% | +27.4% |
| 5-year return | +8.1% | +53.9% |
| Volatility (ann.) | 54.4% | 19.1% |
| Beta vs S&P 500 | 1.42 | 0.99 |
| Max drawdown (3Y) | -55.6% | -23.5% |
| Market cap | $2.2B | $2.3B |
| P/E (trailing) | 107.3 | 6.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTOS | RVT |
|---|---|---|
| 2022 | -21.0% | -26.3% |
| 2023 | -2.2% | +18.8% |
| 2024 | -22.2% | +17.9% |
| 2025 | +19.8% | +11.5% |
| 2026 | +67.7% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTOS 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 CTOS and RVT?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.52 over the last year and 0.56 over 5 years.
Is RVT a good diversifier for CTOS?
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?
A reading of 0.56 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ctos-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctos-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTOS correlations · RVT correlations
