PI vs RVT: Correlation
Measured on weekly returns over the past three years, Impinj, Inc. (PI) 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 PI and RVT?
Across a 3-year window, the weekly returns of PI and RVT correlate at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Stretching to 5 years gives 0.50, with an annualized covariance of 660.9 %².
Among the 10 assets we track against PI, RVT ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RVT ahead by 37.2 points (-9.8% versus +27.4%). Note the risk asymmetry: PI runs 3.7 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.
PI vs RVT: side by side
| PI (Impinj, Inc.) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -9.8% | +27.4% |
| 5-year return | +187.5% | +53.9% |
| Volatility (ann.) | 70.0% | 19.1% |
| Beta vs S&P 500 | 2.30 | 0.99 |
| Max drawdown (3Y) | -73.8% | -23.5% |
| Market cap | $5.1B | $2.3B |
| P/E (trailing) | – | 6.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PI | RVT |
|---|---|---|
| 2022 | +23.1% | -26.3% |
| 2023 | -17.5% | +18.8% |
| 2024 | +61.3% | +17.9% |
| 2025 | +19.8% | +11.5% |
| 2026 | -3.4% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PI 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 PI and RVT?
As of 2026-08-27, the correlation of weekly returns between PI and RVT is 0.49 over 3 years, 0.47 over 1 year and 0.50 over 5 years.
Is RVT a good diversifier for PI?
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?
A reading of 0.49 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: PI correlations · RVT correlations
