MEI vs RVT: Correlation
How closely do Methode Electronics, Inc. (MEI) and Royce Small-Cap Trust, Inc. (RVT) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MEI and RVT?
On 3 years of weekly data the MEI/RVT correlation comes out at 0.52, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.52 over 3. The 5-year figure is 0.49, and annualized covariance runs at 758.3 %².
Few assets follow MEI as closely as RVT, which ranks #2 of 10 tracked partners. The last year tells two different stories: MEI led by 107.3 percentage points, +134.7% for MEI against +27.4% for RVT. Note the risk asymmetry: MEI runs 4.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MEI vs RVT: side by side
| MEI (Methode Electronics, Inc.) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +134.7% | +27.4% |
| 5-year return | -56.2% | +53.9% |
| Volatility (ann.) | 76.6% | 19.1% |
| Beta vs S&P 500 | 1.94 | 0.99 |
| Max drawdown (3Y) | -82.7% | -23.5% |
| Market cap | $0.6B | $2.3B |
| P/E (trailing) | – | 6.5 |
| Dividend yield | 1.29% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MEI | RVT |
|---|---|---|
| 2022 | -8.5% | -26.3% |
| 2023 | -47.9% | +18.8% |
| 2024 | -46.0% | +17.9% |
| 2025 | -40.5% | +11.5% |
| 2026 | +172.4% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MEI and RVT good diversifiers for each other?
Only partially. A correlation of 0.52 means MEI 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 MEI and RVT?
As of 2026-08-27, the correlation of weekly returns between MEI and RVT is 0.52 over 3 years, 0.49 over 1 year and 0.49 over 5 years.
Is RVT a good diversifier for MEI?
Only partially. A correlation of 0.52 means MEI 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 0.52 mean?
On the −1 to +1 scale, 0.52 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/mei-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mei-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MEI correlations · RVT correlations
