CTS vs RVT: Correlation
CTS Corporation (CTS) and Royce Small-Cap Trust, Inc. (RVT) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTS and RVT?
On 3 years of weekly data the CTS/RVT correlation comes out at 0.71, strong. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. The 5-year figure is 0.59, and annualized covariance runs at 448.0 %².
Among the 26 assets we track against CTS, RVT ranks #5 by 3-year correlation. On 12-month performance CTS holds a 8.4-point edge, +35.8% against +27.4%. Note the risk asymmetry: CTS runs 1.7 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.
CTS vs RVT: side by side
| CTS (CTS Corporation) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +35.8% | +27.4% |
| 5-year return | +63.4% | +53.9% |
| Volatility (ann.) | 33.0% | 19.1% |
| Beta vs S&P 500 | 1.40 | 0.99 |
| Max drawdown (3Y) | -40.6% | -23.5% |
| Market cap | $1.6B | $2.3B |
| P/E (trailing) | 23.8 | 6.5 |
| Dividend yield | 0.28% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTS | RVT |
|---|---|---|
| 2022 | +7.8% | -26.3% |
| 2023 | +11.4% | +18.8% |
| 2024 | +20.9% | +17.9% |
| 2025 | -18.4% | +11.5% |
| 2026 | +34.7% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTS and RVT good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CTS and RVT?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.61 over the last year and 0.59 over 5 years.
Is RVT a good diversifier for CTS?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 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/cts-vs-rvt.json
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Related comparisons
Hubs: CTS correlations · RVT correlations
