NTCT vs RVT: Correlation
Measured on weekly returns over the past three years, NetScout Systems, Inc. (NTCT) and Royce Small-Cap Trust, Inc. (RVT) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTCT and RVT?
Over the past 3 years, NTCT and RVT moved with a correlation of 0.47, which is moderate. The past 12 months show a weaker link (0.20) than the 3-year average (0.47). Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 274.3 %².
By 3-year correlation, RVT places #5 of the 13 assets tracked against NTCT. Correlation aside, the last 12 months split them widely, with NTCT ahead by 32.0 points (+59.4% versus +27.4%). Note the risk asymmetry: NTCT runs 1.6 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.
NTCT vs RVT: side by side
| NTCT (NetScout Systems, Inc.) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +59.4% | +27.4% |
| 5-year return | +42.7% | +53.9% |
| Volatility (ann.) | 30.4% | 19.1% |
| Beta vs S&P 500 | 0.85 | 0.99 |
| Max drawdown (3Y) | -38.4% | -23.5% |
| Market cap | $2.9B | $2.3B |
| P/E (trailing) | 23.5 | 6.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NTCT | RVT |
|---|---|---|
| 2022 | -1.7% | -26.3% |
| 2023 | -32.5% | +18.8% |
| 2024 | -1.3% | +17.9% |
| 2025 | +24.9% | +11.5% |
| 2026 | +45.8% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTCT and RVT good diversifiers for each other?
Reasonably. At 0.47, NTCT and RVT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NTCT and RVT?
The NTCT/RVT correlation stands at 0.47 on a 3-year window (1 year: 0.20, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is RVT a good diversifier for NTCT?
Reasonably. At 0.47, NTCT and RVT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/ntct-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ntct-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NTCT correlations · RVT correlations
