NVEC vs RVT: Correlation
Measured on weekly returns over the past three years, NVE Corporation (NVEC) and Royce Small-Cap Trust, Inc. (RVT) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVEC and RVT?
On 3 years of weekly data the NVEC/RVT correlation comes out at 0.49, moderate. The past 12 months show a weaker link (0.37) than the 3-year average (0.49). The 5-year figure is 0.49, and annualized covariance runs at 414.6 %².
RVT is one of the assets that tracks NVEC most closely: it ranks #2 out of the 10 assets we track against NVEC. The last year tells two different stories: NVEC led by 46.3 percentage points, +73.7% for NVEC against +27.4% for RVT. Risk is not evenly split, since NVEC carries 2.3 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.
NVEC vs RVT: side by side
| NVEC (NVE Corporation) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +73.7% | +27.4% |
| 5-year return | +103.2% | +53.9% |
| Volatility (ann.) | 44.5% | 19.1% |
| Beta vs S&P 500 | 1.14 | 0.99 |
| Max drawdown (3Y) | -37.7% | -23.5% |
| Market cap | $0.5B | $2.3B |
| P/E (trailing) | 28.8 | 6.5 |
| Dividend yield | 3.73% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVEC | RVT |
|---|---|---|
| 2022 | +1.9% | -26.3% |
| 2023 | +27.7% | +18.8% |
| 2024 | +9.2% | +17.9% |
| 2025 | -22.7% | +11.5% |
| 2026 | +86.9% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVEC and RVT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NVEC and RVT?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.37 over the last year and 0.49 over 5 years.
Is RVT a good diversifier for NVEC?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/nvec-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nvec-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NVEC correlations · RVT correlations
