CWH vs RVT: Correlation
Measured on weekly returns over the past three years, Camping World Holdings, Inc. (CWH) and Royce Small-Cap Trust, Inc. (RVT) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CWH and RVT?
Over the past 3 years, CWH and RVT moved with a correlation of 0.68, which is strong. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 783.6 %².
Among the 28 assets we track against CWH, RVT ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RVT outperformed by 90.4 percentage points (-63.0% for CWH against +27.4% for RVT). Note the risk asymmetry: CWH runs 3.2 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.
CWH vs RVT: side by side
| CWH (Camping World Holdings, Inc.) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -63.0% | +27.4% |
| 5-year return | -79.9% | +53.9% |
| Volatility (ann.) | 60.7% | 19.1% |
| Beta vs S&P 500 | 2.02 | 0.99 |
| Max drawdown (3Y) | -79.1% | -23.5% |
| Market cap | $0.4B | $2.3B |
| P/E (trailing) | – | 6.5 |
| Dividend yield | 3.84% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CWH | RVT |
|---|---|---|
| 2022 | -39.6% | -26.3% |
| 2023 | +25.1% | +18.8% |
| 2024 | -17.9% | +17.9% |
| 2025 | -52.2% | +11.5% |
| 2026 | -33.9% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWH and RVT good diversifiers for each other?
Only partially. A correlation of 0.68 means CWH and RVT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CWH and RVT?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.59 over the last year and 0.60 over 5 years.
Is RVT a good diversifier for CWH?
Only partially. A correlation of 0.68 means CWH and RVT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 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/cwh-vs-rvt.json
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Related comparisons
Hubs: CWH correlations · RVT correlations
