RVT vs TEX: Correlation
Royce Small-Cap Trust, Inc. (RVT) and Terex Corporation (TEX) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVT and TEX?
Across a 3-year window, the weekly returns of RVT and TEX correlate at 0.69, strong. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Stretching to 5 years gives 0.70, with an annualized covariance of 538.7 %².
Within RVT's tracked universe of 116 assets, TEX comes in at #14 by 3-year correlation. Their 12-month results are close: +27.4% for RVT against +24.2% for TEX. Risk is not evenly split, since TEX 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 TEX: side by side
| RVT (Royce Small-Cap Trust, Inc.) | TEX (Terex Corporation) | |
|---|---|---|
| 1-year return | +27.4% | +24.2% |
| 5-year return | +53.9% | +31.7% |
| Volatility (ann.) | 19.1% | 41.0% |
| Beta vs S&P 500 | 0.99 | 1.38 |
| Max drawdown (3Y) | -23.5% | -51.3% |
| Market cap | $2.3B | $7.4B |
| P/E (trailing) | 6.5 | 31.2 |
| Dividend yield | 0.00% | 1.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RVT | TEX |
|---|---|---|
| 2022 | -26.3% | -1.4% |
| 2023 | +18.8% | +36.1% |
| 2024 | +17.9% | -18.6% |
| 2025 | +11.5% | +17.3% |
| 2026 | +21.2% | +21.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVT and TEX good diversifiers for each other?
To a limited degree. At 0.69 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 TEX?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.62 over the last year and 0.70 over 5 years.
Is TEX a good diversifier for RVT?
To a limited degree. At 0.69 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 0.69 mean?
A reading of 0.69 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-tex.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rvt-vs-tex/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RVT correlations · TEX correlations
