ITRN vs RVT: Correlation
Measured on weekly returns over the past three years, Ituran Location and Control Ltd. (ITRN) and Royce Small-Cap Trust, Inc. (RVT) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITRN and RVT?
Across a 3-year window, the weekly returns of ITRN and RVT correlate at 0.48, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.48 over 3. Stretching to 5 years gives 0.46, with an annualized covariance of 263.5 %².
Within ITRN's tracked universe of 11 assets, RVT comes in at #5 by 3-year correlation. The last year tells two different stories: ITRN led by 24.9 percentage points, +52.3% for ITRN against +27.4% for RVT. One caveat on sizing: ITRN is 1.5 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.
ITRN vs RVT: side by side
| ITRN (Ituran Location and Control Ltd.) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +52.3% | +27.4% |
| 5-year return | +146.4% | +53.9% |
| Volatility (ann.) | 29.1% | 19.1% |
| Beta vs S&P 500 | 0.84 | 0.99 |
| Max drawdown (3Y) | -26.8% | -23.5% |
| Market cap | $1.0B | $2.3B |
| P/E (trailing) | 16.1 | 6.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ITRN | RVT |
|---|---|---|
| 2022 | -18.8% | -26.3% |
| 2023 | +32.5% | +18.8% |
| 2024 | +21.0% | +17.9% |
| 2025 | +45.6% | +11.5% |
| 2026 | +25.4% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITRN and RVT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ITRN and RVT?
The ITRN/RVT correlation stands at 0.48 on a 3-year window (1 year: 0.44, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is RVT a good diversifier for ITRN?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/itrn-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/itrn-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ITRN correlations · RVT correlations
