PNR vs RVT: Correlation
Pentair (PNR) and Royce Small-Cap Trust, Inc. (RVT) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PNR and RVT?
Across a 3-year window, the weekly returns of PNR and RVT correlate at 0.59, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.37 versus 0.59 over 3 years. Stretching to 5 years gives 0.65, with an annualized covariance of 319.7 %².
Among the 38 assets we track against PNR, RVT ranks #9 by 3-year correlation. The last year tells two different stories: RVT led by 69.9 percentage points, -42.5% for PNR against +27.4% for RVT.
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.
PNR vs RVT: side by side
| PNR (Pentair) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -42.5% | +27.4% |
| 5-year return | -14.1% | +53.9% |
| Volatility (ann.) | 28.2% | 19.1% |
| Beta vs S&P 500 | 1.07 | 0.99 |
| Max drawdown (3Y) | -45.0% | -23.5% |
| Market cap | $9.9B | $2.3B |
| P/E (trailing) | 16.2 | 6.5 |
| Dividend yield | 1.65% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | PNR | RVT |
|---|---|---|
| 2022 | -37.4% | -26.3% |
| 2023 | +64.2% | +18.8% |
| 2024 | +40.0% | +17.9% |
| 2025 | +4.5% | +11.5% |
| 2026 | -39.8% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNR and RVT good diversifiers for each other?
Only partially. A correlation of 0.59 means PNR and RVT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between PNR and RVT?
The PNR/RVT correlation stands at 0.59 on a 3-year window (1 year: 0.37, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is RVT a good diversifier for PNR?
Only partially. A correlation of 0.59 means PNR and RVT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
A reading of 0.59 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/pnr-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pnr-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PNR correlations · RVT correlations
