DGII vs RVT: Correlation
Digi International Inc. (DGII) and Royce Small-Cap Trust, Inc. (RVT) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGII and RVT?
Over the past 3 years, DGII and RVT moved with a correlation of 0.55, which is moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.55 over 3. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 423.4 %².
Few assets follow DGII as closely as RVT, which ranks #3 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months DGII outperformed by 98.6 percentage points (+126.0% for DGII against +27.4% for RVT). Risk is not evenly split, since DGII carries 2.1 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.
DGII vs RVT: side by side
| DGII (Digi International Inc.) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +126.0% | +27.4% |
| 5-year return | +253.2% | +53.9% |
| Volatility (ann.) | 40.0% | 19.1% |
| Beta vs S&P 500 | 1.26 | 0.99 |
| Max drawdown (3Y) | -35.2% | -23.5% |
| Market cap | $2.9B | $2.3B |
| P/E (trailing) | 60.5 | 6.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DGII | RVT |
|---|---|---|
| 2022 | +48.8% | -26.3% |
| 2023 | -28.9% | +18.8% |
| 2024 | +16.3% | +17.9% |
| 2025 | +43.2% | +11.5% |
| 2026 | +78.9% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGII and RVT good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DGII and RVT?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.49 over the last year and 0.52 over 5 years.
Is RVT a good diversifier for DGII?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DGII correlations · RVT correlations
