RVT vs SN: Correlation
How closely do Royce Small-Cap Trust, Inc. (RVT) and SharkNinja, Inc. (SN) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVT and SN?
On 3 years of weekly data the RVT/SN correlation comes out at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.66 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 470.9 %².
Among the 116 assets we track against RVT, SN ranks #55 by 3-year correlation. The last year tells two different stories: SN led by 32.9 percentage points, +27.4% for RVT against +60.3% for SN. Risk is not evenly split, since SN carries 2.3 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 SN: side by side
| RVT (Royce Small-Cap Trust, Inc.) | SN (SharkNinja, Inc.) | |
|---|---|---|
| 1-year return | +27.4% | +60.3% |
| 5-year return | +53.9% | n/a |
| Volatility (ann.) | 19.1% | 43.5% |
| Beta vs S&P 500 | 0.99 | 1.43 |
| Max drawdown (3Y) | -23.5% | -42.6% |
| Market cap | $2.3B | $27.3B |
| P/E (trailing) | 6.5 | 39.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RVT | SN |
|---|---|---|
| 2022 | -26.3% | – |
| 2023 | +18.8% | – |
| 2024 | +17.9% | +90.3% |
| 2025 | +11.5% | +14.9% |
| 2026 | +21.2% | +72.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVT and SN good diversifiers for each other?
To a limited degree. At 0.57 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 SN?
As of 2026-08-27, the correlation of weekly returns between RVT and SN is 0.57 over 3 years, 0.66 over 1 year and n/a over 5 years.
Is SN a good diversifier for RVT?
To a limited degree. At 0.57 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 0.57 mean?
On the −1 to +1 scale, 0.57 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-sn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rvt-vs-sn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RVT correlations · SN correlations
