CWCO vs RVT: Correlation
How closely do Consolidated Water Co. Ltd. (CWCO) and Royce Small-Cap Trust, Inc. (RVT) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CWCO and RVT?
Over the past 3 years, CWCO and RVT moved with a correlation of 0.47, which is moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 274.2 %².
Within CWCO's tracked universe of 12 assets, RVT comes in at #4 by 3-year correlation. The last year tells two different stories: RVT led by 35.7 percentage points, -8.3% for CWCO against +27.4% for RVT. One caveat on sizing: CWCO is 1.6 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.
CWCO vs RVT: side by side
| CWCO (Consolidated Water Co. Ltd.) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -8.3% | +27.4% |
| 5-year return | +171.8% | +53.9% |
| Volatility (ann.) | 30.8% | 19.1% |
| Beta vs S&P 500 | 0.65 | 0.99 |
| Max drawdown (3Y) | -38.2% | -23.5% |
| Market cap | $0.5B | $2.3B |
| P/E (trailing) | 29.5 | 6.5 |
| Dividend yield | 1.86% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CWCO | RVT |
|---|---|---|
| 2022 | +42.6% | -26.3% |
| 2023 | +144.2% | +18.8% |
| 2024 | -26.5% | +17.9% |
| 2025 | +38.7% | +11.5% |
| 2026 | -13.6% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWCO and RVT good diversifiers for each other?
Reasonably. At 0.47, CWCO and RVT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CWCO and RVT?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.45 over the last year and 0.33 over 5 years.
Is RVT a good diversifier for CWCO?
Reasonably. At 0.47, CWCO and RVT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/cwco-vs-rvt.json
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[](https://www.pairbook.io/pair/cwco-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CWCO correlations · RVT correlations
