RVT vs SWK: Correlation
Royce Small-Cap Trust, Inc. (RVT) and Stanley Black & Decker (SWK) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVT and SWK?
On 3 years of weekly data the RVT/SWK correlation comes out at 0.67, strong. Recent behaviour matches the longer record: 0.77 over 1 year against 0.67 over 3. The 5-year figure is 0.64, and annualized covariance runs at 454.2 %².
By 3-year correlation, SWK places #18 of the 116 assets tracked against RVT. The trailing year gives SWK the advantage: +27.4% versus +37.0%, a 9.6-point spread. Note the risk asymmetry: SWK runs 1.9 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 SWK: side by side
| RVT (Royce Small-Cap Trust, Inc.) | SWK (Stanley Black & Decker) | |
|---|---|---|
| 1-year return | +27.4% | +37.0% |
| 5-year return | +53.9% | -39.1% |
| Volatility (ann.) | 19.1% | 35.4% |
| Beta vs S&P 500 | 0.99 | 1.19 |
| Max drawdown (3Y) | -23.5% | -48.3% |
| Market cap | $2.3B | $15.0B |
| P/E (trailing) | 6.5 | 24.4 |
| Dividend yield | 0.00% | 3.33% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | RVT | SWK |
|---|---|---|
| 2022 | -26.3% | -58.9% |
| 2023 | +18.8% | +35.6% |
| 2024 | +17.9% | -15.2% |
| 2025 | +11.5% | -3.2% |
| 2026 | +21.2% | +36.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVT and SWK good diversifiers for each other?
To a limited degree. At 0.67 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 SWK?
The RVT/SWK correlation stands at 0.67 on a 3-year window (1 year: 0.77, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is SWK a good diversifier for RVT?
To a limited degree. At 0.67 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 0.67 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.
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Related comparisons
Hubs: RVT correlations · SWK correlations
