KALU vs RVT: Correlation
Kaiser Aluminum Corporation (KALU) and Royce Small-Cap Trust, Inc. (RVT) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KALU and RVT?
On 3 years of weekly data the KALU/RVT correlation comes out at 0.63, strong. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. The 5-year figure is 0.64, and annualized covariance runs at 561.4 %².
Among the 17 assets we track against KALU, RVT ranks #5 by 3-year correlation. The last year tells two different stories: KALU led by 76.4 percentage points, +103.8% for KALU against +27.4% for RVT. One caveat on sizing: KALU is 2.4 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.
KALU vs RVT: side by side
| KALU (Kaiser Aluminum Corporation) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +103.8% | +27.4% |
| 5-year return | +51.7% | +53.9% |
| Volatility (ann.) | 46.6% | 19.1% |
| Beta vs S&P 500 | 1.72 | 0.99 |
| Max drawdown (3Y) | -48.9% | -23.5% |
| Market cap | $2.6B | $2.3B |
| P/E (trailing) | 11.6 | 6.5 |
| Dividend yield | 1.98% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KALU | RVT |
|---|---|---|
| 2022 | -16.2% | -26.3% |
| 2023 | -2.1% | +18.8% |
| 2024 | +2.7% | +17.9% |
| 2025 | +70.1% | +11.5% |
| 2026 | +38.5% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KALU and RVT good diversifiers for each other?
To a limited degree. At 0.63 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 KALU and RVT?
As of 2026-08-27, the correlation of weekly returns between KALU and RVT is 0.63 over 3 years, 0.60 over 1 year and 0.64 over 5 years.
Is RVT a good diversifier for KALU?
To a limited degree. At 0.63 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 0.63 mean?
A reading of 0.63 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/kalu-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kalu-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KALU correlations · RVT correlations
