MITK vs RVT: Correlation
How closely do Mitek Systems, Inc. (MITK) and Royce Small-Cap Trust, Inc. (RVT) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MITK and RVT?
On 3 years of weekly data the MITK/RVT correlation comes out at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 465.9 %².
In MITK's tracked universe of 14 assets, RVT sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months MITK outperformed by 59.3 percentage points (+86.7% for MITK against +27.4% for RVT). Risk is not evenly split, since MITK carries 2.7 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.
MITK vs RVT: side by side
| MITK (Mitek Systems, Inc.) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +86.7% | +27.4% |
| 5-year return | -15.0% | +53.9% |
| Volatility (ann.) | 51.1% | 19.1% |
| Beta vs S&P 500 | 1.14 | 0.99 |
| Max drawdown (3Y) | -52.1% | -23.5% |
| Market cap | $0.9B | $2.3B |
| P/E (trailing) | 40.9 | 6.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MITK | RVT |
|---|---|---|
| 2022 | -45.4% | -26.3% |
| 2023 | +34.6% | +18.8% |
| 2024 | -14.6% | +17.9% |
| 2025 | -5.2% | +11.5% |
| 2026 | +82.1% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MITK and RVT good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MITK and RVT?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.49 over the last year and 0.49 over 5 years.
Is RVT a good diversifier for MITK?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/mitk-vs-rvt.json
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Related comparisons
Hubs: MITK correlations · RVT correlations
