IRMD vs RVT: Correlation
Measured on weekly returns over the past three years, iRadimed Corporation (IRMD) and Royce Small-Cap Trust, Inc. (RVT) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IRMD and RVT?
On 3 years of weekly data the IRMD/RVT correlation comes out at 0.44, moderate. The past 12 months show a weaker link (0.16) than the 3-year average (0.44). The 5-year figure is 0.37, and annualized covariance runs at 260.9 %².
Within IRMD's tracked universe of 13 assets, RVT comes in at #5 by 3-year correlation. Over the last 12 months RVT came out ahead by 8.0 percentage points (+19.4% against +27.4%). One caveat on sizing: IRMD is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
IRMD vs RVT: side by side
| IRMD (iRadimed Corporation) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +19.4% | +27.4% |
| 5-year return | +185.4% | +53.9% |
| Volatility (ann.) | 30.9% | 19.1% |
| Beta vs S&P 500 | 0.61 | 0.99 |
| Max drawdown (3Y) | -24.9% | -23.5% |
| Market cap | $1.1B | $2.3B |
| P/E (trailing) | 48.9 | 6.5 |
| Dividend yield | 0.88% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IRMD | RVT |
|---|---|---|
| 2022 | -37.5% | -26.3% |
| 2023 | +75.4% | +18.8% |
| 2024 | +17.0% | +17.9% |
| 2025 | +79.7% | +11.5% |
| 2026 | -10.0% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IRMD 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 IRMD and RVT?
As of 2026-08-27, the correlation of weekly returns between IRMD and RVT is 0.44 over 3 years, 0.16 over 1 year and 0.37 over 5 years.
Is RVT a good diversifier for IRMD?
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/irmd-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/irmd-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IRMD correlations · RVT correlations
