KRT vs RVT: Correlation
Measured on weekly returns over the past three years, Karat Packaging Inc. (KRT) and Royce Small-Cap Trust, Inc. (RVT) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRT and RVT?
On 3 years of weekly data the KRT/RVT correlation comes out at 0.56, moderate. The past 12 months show a weaker link (0.33) than the 3-year average (0.56). The 5-year figure is 0.35, and annualized covariance runs at 432.7 %².
Within KRT's tracked universe of 12 assets, RVT comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KRT outperformed by 82.5 percentage points (+109.9% for KRT against +27.4% for RVT). One caveat on sizing: KRT is 2.1 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.
KRT vs RVT: side by side
| KRT (Karat Packaging Inc.) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +109.9% | +27.4% |
| 5-year return | +172.9% | +53.9% |
| Volatility (ann.) | 40.5% | 19.1% |
| Beta vs S&P 500 | 1.09 | 0.99 |
| Max drawdown (3Y) | -34.0% | -23.5% |
| Market cap | $1.0B | $2.3B |
| P/E (trailing) | 19.7 | 6.5 |
| Dividend yield | 3.65% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRT | RVT |
|---|---|---|
| 2022 | -27.1% | -26.3% |
| 2023 | +82.2% | +18.8% |
| 2024 | +28.8% | +17.9% |
| 2025 | -20.1% | +11.5% |
| 2026 | +130.6% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRT and RVT good diversifiers for each other?
Only partially. A correlation of 0.56 means KRT 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 KRT and RVT?
As of 2026-08-27, the correlation of weekly returns between KRT and RVT is 0.56 over 3 years, 0.33 over 1 year and 0.35 over 5 years.
Is RVT a good diversifier for KRT?
Only partially. A correlation of 0.56 means KRT 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 0.56 mean?
On the −1 to +1 scale, 0.56 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/krt-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/krt-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KRT correlations · RVT correlations
