DOV vs RVT: Correlation
Measured on weekly returns over the past three years, Dover Corporation (DOV) and Royce Small-Cap Trust, Inc. (RVT) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOV and RVT?
On 3 years of weekly data the DOV/RVT correlation comes out at 0.70, strong. The link has loosened recently: the 1-year correlation (0.50) runs below the 3-year figure (0.70). The 5-year figure is 0.73, and annualized covariance runs at 305.1 %².
Among the 78 assets we track against DOV, RVT ranks #15 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RVT ahead by 15.8 points (+11.6% versus +27.4%).
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.
DOV vs RVT: side by side
| DOV (Dover Corporation) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +11.6% | +27.4% |
| 5-year return | +21.8% | +53.9% |
| Volatility (ann.) | 22.8% | 19.1% |
| Beta vs S&P 500 | 0.99 | 0.99 |
| Max drawdown (3Y) | -26.6% | -23.5% |
| Market cap | $27.2B | $2.3B |
| P/E (trailing) | 24.8 | 6.5 |
| Dividend yield | 1.02% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DOV | RVT |
|---|---|---|
| 2022 | -24.3% | -26.3% |
| 2023 | +15.2% | +18.8% |
| 2024 | +23.3% | +17.9% |
| 2025 | +5.2% | +11.5% |
| 2026 | +3.9% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOV and RVT good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DOV and RVT?
The DOV/RVT correlation stands at 0.70 on a 3-year window (1 year: 0.50, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is RVT a good diversifier for DOV?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 mean?
A reading of 0.70 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/dov-vs-rvt.json
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[](https://www.pairbook.io/pair/dov-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DOV correlations · RVT correlations
