MLI vs RVT: Correlation
Mueller Industries, Inc. (MLI) and Royce Small-Cap Trust, Inc. (RVT) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLI and RVT?
Over the past 3 years, MLI and RVT moved with a correlation of 0.51, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.27 versus 0.51 over 3 years. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 308.0 %².
By 3-year correlation, RVT places #4 of the 10 assets tracked against MLI. Over the last 12 months MLI came out ahead by 7.0 percentage points (+34.4% against +27.4%). Risk is not evenly split, since MLI carries 1.6 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.
MLI vs RVT: side by side
| MLI (Mueller Industries, Inc.) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +34.4% | +27.4% |
| 5-year return | +509.6% | +53.9% |
| Volatility (ann.) | 31.5% | 19.1% |
| Beta vs S&P 500 | 0.93 | 0.99 |
| Max drawdown (3Y) | -27.8% | -23.5% |
| Market cap | $14.2B | $2.3B |
| P/E (trailing) | 16.7 | 6.5 |
| Dividend yield | 0.94% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MLI | RVT |
|---|---|---|
| 2022 | +1.0% | -26.3% |
| 2023 | +62.4% | +18.8% |
| 2024 | +70.5% | +17.9% |
| 2025 | +46.3% | +11.5% |
| 2026 | +12.5% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLI and RVT good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MLI and RVT?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.27 over the last year and 0.55 over 5 years.
Is RVT a good diversifier for MLI?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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/mli-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mli-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MLI correlations · RVT correlations
