RVT vs SW: Correlation
How closely do Royce Small-Cap Trust, Inc. (RVT) and Smurfit Westrock (SW) 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 SW?
Over the past 3 years, RVT and SW moved with a correlation of 0.57, which is moderate. The relationship has been stable: the 1-year correlation (0.60) sits close to the 3-year figure. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 436.6 %².
Among the 116 assets we track against RVT, SW ranks #56 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RVT outperformed by 17.7 percentage points (+27.4% for RVT against +9.7% for SW). Risk is not evenly split, since SW carries 2.1 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 SW: side by side
| RVT (Royce Small-Cap Trust, Inc.) | SW (Smurfit Westrock) | |
|---|---|---|
| 1-year return | +27.4% | +9.7% |
| 5-year return | +53.9% | +2.6% |
| Volatility (ann.) | 19.1% | 40.1% |
| Beta vs S&P 500 | 0.99 | 0.92 |
| Max drawdown (3Y) | -23.5% | -40.5% |
| Market cap | $2.3B | $25.5B |
| P/E (trailing) | 6.5 | 51.7 |
| Dividend yield | 0.00% | 3.57% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | RVT | SW |
|---|---|---|
| 2022 | -26.3% | -28.0% |
| 2023 | +18.8% | +14.1% |
| 2024 | +17.9% | +37.6% |
| 2025 | +11.5% | -26.2% |
| 2026 | +21.2% | +29.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVT and SW 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 SW?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.60 over the last year and 0.55 over 5 years.
Is SW 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?
A reading of 0.57 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/rvt-vs-sw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rvt-vs-sw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RVT correlations · SW correlations
