DAN vs RVT: Correlation
How closely do Dana Incorporated (DAN) and Royce Small-Cap Trust, Inc. (RVT) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAN and RVT?
Over the past 3 years, DAN and RVT moved with a correlation of 0.50, which is moderate. The past 12 months show a weaker link (0.34) than the 3-year average (0.50). Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 427.9 %².
Among the 10 assets we track against DAN, RVT ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DAN ahead by 21.5 points (+48.9% versus +27.4%). Note the risk asymmetry: DAN runs 2.3 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.
DAN vs RVT: side by side
| DAN (Dana Incorporated) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +48.9% | +27.4% |
| 5-year return | +45.6% | +53.9% |
| Volatility (ann.) | 44.7% | 19.1% |
| Beta vs S&P 500 | 1.11 | 0.99 |
| Max drawdown (3Y) | -51.8% | -23.5% |
| Market cap | $3.2B | $2.3B |
| P/E (trailing) | – | 6.5 |
| Dividend yield | 1.46% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DAN | RVT |
|---|---|---|
| 2022 | -32.1% | -26.3% |
| 2023 | -0.7% | +18.8% |
| 2024 | -17.9% | +17.9% |
| 2025 | +110.5% | +11.5% |
| 2026 | +28.0% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAN and RVT good diversifiers for each other?
Only partially. A correlation of 0.50 means DAN 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 DAN and RVT?
As of 2026-08-27, the correlation of weekly returns between DAN and RVT is 0.50 over 3 years, 0.34 over 1 year and 0.61 over 5 years.
Is RVT a good diversifier for DAN?
Only partially. A correlation of 0.50 means DAN 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 0.50 mean?
On the −1 to +1 scale, 0.50 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/dan-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dan-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DAN correlations · RVT correlations
