RVT vs SLVM: Correlation
Measured on weekly returns over the past three years, Royce Small-Cap Trust, Inc. (RVT) and Sylvamo Corporation (SLVM) 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 SLVM?
On 3 years of weekly data the RVT/SLVM correlation comes out at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. The 5-year figure is 0.37, and annualized covariance runs at 379.6 %².
Within RVT's tracked universe of 116 assets, SLVM comes in at #81 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RVT outperformed by 42.9 percentage points (+27.4% for RVT against -15.5% for SLVM). Note the risk asymmetry: SLVM runs 2.0 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.
RVT vs SLVM: side by side
| RVT (Royce Small-Cap Trust, Inc.) | SLVM (Sylvamo Corporation) | |
|---|---|---|
| 1-year return | +27.4% | -15.5% |
| 5-year return | +53.9% | +65.7% |
| Volatility (ann.) | 19.1% | 38.0% |
| Beta vs S&P 500 | 0.99 | 0.92 |
| Max drawdown (3Y) | -23.5% | -60.6% |
| Market cap | $2.3B | $1.5B |
| P/E (trailing) | 6.5 | 19.6 |
| Dividend yield | 0.00% | 4.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RVT | SLVM |
|---|---|---|
| 2022 | -26.3% | +75.3% |
| 2023 | +18.8% | +4.2% |
| 2024 | +17.9% | +64.7% |
| 2025 | +11.5% | -37.1% |
| 2026 | +21.2% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVT and SLVM good diversifiers for each other?
Only partially. A correlation of 0.52 means RVT and SLVM 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 RVT and SLVM?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.53 over the last year and 0.37 over 5 years.
Is SLVM a good diversifier for RVT?
Only partially. A correlation of 0.52 means RVT and SLVM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rvt-vs-slvm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rvt-vs-slvm/)
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Related comparisons
Hubs: RVT correlations · SLVM correlations
