RVT vs TDY: Correlation
Royce Small-Cap Trust, Inc. (RVT) and Teledyne Technologies (TDY) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVT and TDY?
On 3 years of weekly data the RVT/TDY correlation comes out at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. The 5-year figure is 0.59, and annualized covariance runs at 240.8 %².
Within RVT's tracked universe of 116 assets, TDY comes in at #57 by 3-year correlation. On 12-month performance RVT holds a 11.7-point edge, +27.4% against +15.7%.
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 TDY: side by side
| RVT (Royce Small-Cap Trust, Inc.) | TDY (Teledyne Technologies) | |
|---|---|---|
| 1-year return | +27.4% | +15.7% |
| 5-year return | +53.9% | +36.5% |
| Volatility (ann.) | 19.1% | 22.0% |
| Beta vs S&P 500 | 0.99 | 0.76 |
| Max drawdown (3Y) | -23.5% | -18.8% |
| Market cap | $2.3B | $29.0B |
| P/E (trailing) | 6.5 | 30.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | RVT | TDY |
|---|---|---|
| 2022 | -26.3% | -8.5% |
| 2023 | +18.8% | +11.6% |
| 2024 | +17.9% | +4.0% |
| 2025 | +11.5% | +10.0% |
| 2026 | +21.2% | +22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVT and TDY good diversifiers for each other?
Only partially. A correlation of 0.57 means RVT and TDY 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 TDY?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.62 over the last year and 0.59 over 5 years.
Is TDY a good diversifier for RVT?
Only partially. A correlation of 0.57 means RVT and TDY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 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-tdy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rvt-vs-tdy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RVT correlations · TDY correlations
