DAKT vs RVT: Correlation
Daktronics, Inc. (DAKT) and Royce Small-Cap Trust, Inc. (RVT) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAKT and RVT?
On 3 years of weekly data the DAKT/RVT correlation comes out at 0.44, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.44 over 3. The 5-year figure is 0.39, and annualized covariance runs at 432.3 %².
Few assets follow DAKT as closely as RVT, which ranks #2 of 11 tracked partners. Over the last 12 months RVT came out ahead by 13.9 percentage points (+13.5% against +27.4%). Risk is not evenly split, since DAKT carries 2.7 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.
DAKT vs RVT: side by side
| DAKT (Daktronics, Inc.) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +13.5% | +27.4% |
| 5-year return | +222.0% | +53.9% |
| Volatility (ann.) | 51.5% | 19.1% |
| Beta vs S&P 500 | 1.28 | 0.99 |
| Max drawdown (3Y) | -42.0% | -23.5% |
| Market cap | $0.9B | $2.3B |
| P/E (trailing) | 21.1 | 6.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DAKT | RVT |
|---|---|---|
| 2022 | -44.2% | -26.3% |
| 2023 | +200.7% | +18.8% |
| 2024 | +98.8% | +17.9% |
| 2025 | +17.3% | +11.5% |
| 2026 | -0.8% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAKT and RVT good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DAKT and RVT?
The DAKT/RVT correlation stands at 0.44 on a 3-year window (1 year: 0.47, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is RVT a good diversifier for DAKT?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dakt-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dakt-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DAKT correlations · RVT correlations
