RVT vs TDUP: Correlation
Measured on weekly returns over the past three years, Royce Small-Cap Trust, Inc. (RVT) and ThredUp Inc. (TDUP) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVT and TDUP?
Across a 3-year window, the weekly returns of RVT and TDUP correlate at 0.46, moderate. The link has loosened recently: the 1-year correlation (0.27) runs below the 3-year figure (0.46). Stretching to 5 years gives 0.37, with an annualized covariance of 1041.7 %².
Among the 116 assets we track against RVT, TDUP ranks #105 by 3-year correlation. The last year tells two different stories: RVT led by 104.1 percentage points, +27.4% for RVT against -76.7% for TDUP. Note the risk asymmetry: TDUP runs 6.2 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 TDUP: side by side
| RVT (Royce Small-Cap Trust, Inc.) | TDUP (ThredUp Inc.) | |
|---|---|---|
| 1-year return | +27.4% | -76.7% |
| 5-year return | +53.9% | -86.2% |
| Volatility (ann.) | 19.1% | 117.6% |
| Beta vs S&P 500 | 0.99 | 2.72 |
| Max drawdown (3Y) | -23.5% | -87.2% |
| Market cap | $2.3B | $0.4B |
| P/E (trailing) | 6.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RVT | TDUP |
|---|---|---|
| 2022 | -26.3% | -89.7% |
| 2023 | +18.8% | +71.8% |
| 2024 | +17.9% | -38.2% |
| 2025 | +11.5% | +359.7% |
| 2026 | +21.2% | -58.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVT and TDUP good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between RVT and TDUP?
As of 2026-08-27, the correlation of weekly returns between RVT and TDUP is 0.46 over 3 years, 0.27 over 1 year and 0.37 over 5 years.
Is TDUP a good diversifier for RVT?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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-tdup.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rvt-vs-tdup/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RVT correlations · TDUP correlations
