CXT vs RVT: Correlation
How closely do Crane NXT, Co. (CXT) and Royce Small-Cap Trust, Inc. (RVT) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CXT and RVT?
On 3 years of weekly data the CXT/RVT correlation comes out at 0.53, moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.53 over 3. The 5-year figure is 0.54, and annualized covariance runs at 362.4 %².
Among the 11 assets we track against CXT, RVT ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RVT outperformed by 44.8 percentage points (-17.4% for CXT against +27.4% for RVT). One caveat on sizing: CXT is 1.9 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.
CXT vs RVT: side by side
| CXT (Crane NXT, Co.) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -17.4% | +27.4% |
| 5-year return | +48.9% | +53.9% |
| Volatility (ann.) | 35.7% | 19.1% |
| Beta vs S&P 500 | 0.98 | 0.99 |
| Max drawdown (3Y) | -47.0% | -23.5% |
| Market cap | $2.9B | $2.3B |
| P/E (trailing) | 20.5 | 6.5 |
| Dividend yield | 1.38% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CXT | RVT |
|---|---|---|
| 2022 | +0.6% | -26.3% |
| 2023 | +64.9% | +18.8% |
| 2024 | +3.5% | +17.9% |
| 2025 | -18.2% | +11.5% |
| 2026 | +6.5% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CXT and RVT good diversifiers for each other?
To a limited degree. At 0.53 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 CXT and RVT?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.46 over the last year and 0.54 over 5 years.
Is RVT a good diversifier for CXT?
To a limited degree. At 0.53 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 0.53 mean?
A reading of 0.53 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/cxt-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cxt-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CXT correlations · RVT correlations
