RVT vs SGRY: Correlation
Measured on weekly returns over the past three years, Royce Small-Cap Trust, Inc. (RVT) and Surgery Partners, Inc. (SGRY) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVT and SGRY?
Across a 3-year window, the weekly returns of RVT and SGRY correlate at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 506.8 %².
Among the 116 assets we track against RVT, SGRY ranks #80 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RVT outperformed by 66.4 percentage points (+27.4% for RVT against -39.0% for SGRY). Risk is not evenly split, since SGRY carries 2.7 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.
RVT vs SGRY: side by side
| RVT (Royce Small-Cap Trust, Inc.) | SGRY (Surgery Partners, Inc.) | |
|---|---|---|
| 1-year return | +27.4% | -39.0% |
| 5-year return | +53.9% | -71.6% |
| Volatility (ann.) | 19.1% | 51.2% |
| Beta vs S&P 500 | 0.99 | 1.30 |
| Max drawdown (3Y) | -23.5% | -69.3% |
| Market cap | $2.3B | $1.8B |
| P/E (trailing) | 6.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RVT | SGRY |
|---|---|---|
| 2022 | -26.3% | -47.8% |
| 2023 | +18.8% | +14.8% |
| 2024 | +17.9% | -33.8% |
| 2025 | +11.5% | -27.0% |
| 2026 | +21.2% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVT and SGRY good diversifiers for each other?
To a limited degree. At 0.52 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 RVT and SGRY?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.54 over the last year and 0.57 over 5 years.
Is SGRY a good diversifier for RVT?
To a limited degree. At 0.52 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 0.52 mean?
On the −1 to +1 scale, 0.52 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/rvt-vs-sgry.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rvt-vs-sgry/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RVT correlations · SGRY correlations
