LYTS vs RVT: Correlation
How closely do LSI Industries Inc. (LYTS) and Royce Small-Cap Trust, Inc. (RVT) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYTS and RVT?
On 3 years of weekly data the LYTS/RVT correlation comes out at 0.59, moderate. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. The 5-year figure is 0.37, and annualized covariance runs at 432.6 %².
RVT is one of the assets that tracks LYTS most closely: it ranks #3 out of the 12 assets we track against LYTS. Correlation aside, the last 12 months split them widely, with RVT ahead by 37.4 points (-10.0% versus +27.4%). Risk is not evenly split, since LYTS carries 2.0 times the volatility of the other side.
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.
LYTS vs RVT: side by side
| LYTS (LSI Industries Inc.) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -10.0% | +27.4% |
| 5-year return | +167.4% | +53.9% |
| Volatility (ann.) | 38.6% | 19.1% |
| Beta vs S&P 500 | 1.13 | 0.99 |
| Max drawdown (3Y) | -40.6% | -23.5% |
| Market cap | $0.7B | $2.3B |
| P/E (trailing) | 30.1 | 6.5 |
| Dividend yield | 0.99% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LYTS | RVT |
|---|---|---|
| 2022 | +82.9% | -26.3% |
| 2023 | +16.8% | +18.8% |
| 2024 | +39.7% | +17.9% |
| 2025 | -4.7% | +11.5% |
| 2026 | +10.6% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYTS and RVT good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LYTS and RVT?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.59 over the last year and 0.37 over 5 years.
Is RVT a good diversifier for LYTS?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
A reading of 0.59 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/lyts-vs-rvt.json
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[](https://www.pairbook.io/pair/lyts-vs-rvt/)
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Related comparisons
Hubs: LYTS correlations · RVT correlations
