CX vs RVT: Correlation
Cemex, S.A.B. de C.V. Sponsored ADR (CX) and Royce Small-Cap Trust, Inc. (RVT) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CX and RVT?
Across a 3-year window, the weekly returns of CX and RVT correlate at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 373.9 %².
RVT is one of the assets that tracks CX most closely: it ranks #3 out of the 10 assets we track against CX. Neither side won the trailing year by much: +23.0% against +27.4%. Risk is not evenly split, since CX carries 2.0 times the volatility of the other side.
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.
CX vs RVT: side by side
| CX (Cemex, S.A.B. de C.V. Sponsored ADR) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +23.0% | +27.4% |
| 5-year return | +37.2% | +53.9% |
| Volatility (ann.) | 37.4% | 19.1% |
| Beta vs S&P 500 | 1.14 | 0.99 |
| Max drawdown (3Y) | -44.4% | -23.5% |
| Market cap | – | $2.3B |
| P/E (trailing) | 31.2 | 6.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CX | RVT |
|---|---|---|
| 2022 | -40.3% | -26.3% |
| 2023 | +91.4% | +18.8% |
| 2024 | -26.5% | +17.9% |
| 2025 | +105.1% | +11.5% |
| 2026 | -4.4% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CX and RVT good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CX and RVT?
As of 2026-08-27, the correlation of weekly returns between CX and RVT is 0.52 over 3 years, 0.48 over 1 year and 0.57 over 5 years.
Is RVT a good diversifier for CX?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
A reading of 0.52 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/cx-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cx-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CX correlations · RVT correlations
