PLUS vs RVT: Correlation
How closely do ePlus inc. (PLUS) and Royce Small-Cap Trust, Inc. (RVT) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLUS and RVT?
Across a 3-year window, the weekly returns of PLUS and RVT correlate at 0.54, moderate. The link has loosened recently: the 1-year correlation (0.15) runs below the 3-year figure (0.54). Stretching to 5 years gives 0.56, with an annualized covariance of 342.2 %².
Within PLUS's tracked universe of 12 assets, RVT comes in at #5 by 3-year correlation. On 12-month performance RVT holds a 5.1-point edge, +22.3% against +27.4%. One caveat on sizing: PLUS is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PLUS vs RVT: side by side
| PLUS (ePlus inc.) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +22.3% | +27.4% |
| 5-year return | +64.0% | +53.9% |
| Volatility (ann.) | 33.2% | 19.1% |
| Beta vs S&P 500 | 1.04 | 0.99 |
| Max drawdown (3Y) | -46.1% | -23.5% |
| Market cap | $2.3B | $2.3B |
| P/E (trailing) | 18.8 | 6.5 |
| Dividend yield | 1.18% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PLUS | RVT |
|---|---|---|
| 2022 | -17.8% | -26.3% |
| 2023 | +80.3% | +18.8% |
| 2024 | -7.5% | +17.9% |
| 2025 | +19.4% | +11.5% |
| 2026 | +0.9% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLUS and RVT good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between PLUS and RVT?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.15 over the last year and 0.56 over 5 years.
Is RVT a good diversifier for PLUS?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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/plus-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/plus-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PLUS correlations · RVT correlations
