KEYS vs RVT: Correlation
Measured on weekly returns over the past three years, Keysight Technologies (KEYS) and Royce Small-Cap Trust, Inc. (RVT) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KEYS and RVT?
Across a 3-year window, the weekly returns of KEYS and RVT correlate at 0.64, strong. The link has loosened recently: the 1-year correlation (0.45) runs below the 3-year figure (0.64). Stretching to 5 years gives 0.62, with an annualized covariance of 446.6 %².
Within KEYS's tracked universe of 43 assets, RVT comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with KEYS ahead by 70.0 points (+97.4% versus +27.4%). One caveat on sizing: KEYS is 1.9 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.
KEYS vs RVT: side by side
| KEYS (Keysight Technologies) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +97.4% | +27.4% |
| 5-year return | +81.9% | +53.9% |
| Volatility (ann.) | 36.8% | 19.1% |
| Beta vs S&P 500 | 1.58 | 0.99 |
| Max drawdown (3Y) | -31.4% | -23.5% |
| Market cap | $55.5B | $2.3B |
| P/E (trailing) | 43.5 | 6.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | KEYS | RVT |
|---|---|---|
| 2022 | -17.2% | -26.3% |
| 2023 | -7.0% | +18.8% |
| 2024 | +1.0% | +17.9% |
| 2025 | +26.5% | +11.5% |
| 2026 | +60.4% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEYS and RVT good diversifiers for each other?
Only partially. A correlation of 0.64 means KEYS and RVT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between KEYS and RVT?
As of 2026-08-27, the correlation of weekly returns between KEYS and RVT is 0.64 over 3 years, 0.45 over 1 year and 0.62 over 5 years.
Is RVT a good diversifier for KEYS?
Only partially. A correlation of 0.64 means KEYS and RVT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/keys-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/keys-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KEYS correlations · RVT correlations
