EMR vs RVT: Correlation
How closely do Emerson Electric (EMR) and Royce Small-Cap Trust, Inc. (RVT) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMR and RVT?
On 3 years of weekly data the EMR/RVT correlation comes out at 0.71, strong. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. The 5-year figure is 0.70, and annualized covariance runs at 384.9 %².
Among the 47 assets we track against EMR, RVT ranks #6 by 3-year correlation. On 12-month performance RVT holds a 7.4-point edge, +20.0% against +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.
EMR vs RVT: side by side
| EMR (Emerson Electric) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +20.0% | +27.4% |
| 5-year return | +65.4% | +53.9% |
| Volatility (ann.) | 28.3% | 19.1% |
| Beta vs S&P 500 | 1.29 | 0.99 |
| Max drawdown (3Y) | -29.6% | -23.5% |
| Market cap | $88.0B | $2.3B |
| P/E (trailing) | 34.5 | 6.5 |
| Dividend yield | 1.39% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EMR | RVT |
|---|---|---|
| 2022 | +5.7% | -26.3% |
| 2023 | +3.8% | +18.8% |
| 2024 | +29.7% | +17.9% |
| 2025 | +8.9% | +11.5% |
| 2026 | +20.2% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMR and RVT good diversifiers for each other?
To a limited degree. At 0.71 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 EMR and RVT?
As of 2026-08-27, the correlation of weekly returns between EMR and RVT is 0.71 over 3 years, 0.65 over 1 year and 0.70 over 5 years.
Is RVT a good diversifier for EMR?
To a limited degree. At 0.71 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 0.71 mean?
On the −1 to +1 scale, 0.71 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/emr-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/emr-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EMR correlations · RVT correlations
