RVT vs TG: Correlation
How closely do Royce Small-Cap Trust, Inc. (RVT) and Tredegar Corporation (TG) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVT and TG?
On 3 years of weekly data the RVT/TG correlation comes out at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. The 5-year figure is 0.45, and annualized covariance runs at 434.4 %².
Among the 116 assets we track against RVT, TG ranks #98 by 3-year correlation. The last year tells two different stories: RVT led by 27.9 percentage points, +27.4% for RVT against -0.5% for TG. One caveat on sizing: TG is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TG: side by side
| RVT (Royce Small-Cap Trust, Inc.) | TG (Tredegar Corporation) | |
|---|---|---|
| 1-year return | +27.4% | -0.5% |
| 5-year return | +53.9% | -35.5% |
| Volatility (ann.) | 19.1% | 47.3% |
| Beta vs S&P 500 | 0.99 | 1.03 |
| Max drawdown (3Y) | -23.5% | -33.4% |
| Market cap | $2.3B | $0.3B |
| P/E (trailing) | 6.5 | 8.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RVT | TG |
|---|---|---|
| 2022 | -26.3% | -9.6% |
| 2023 | +18.8% | -45.2% |
| 2024 | +17.9% | +42.0% |
| 2025 | +11.5% | -6.5% |
| 2026 | +21.2% | +6.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVT and TG good diversifiers for each other?
Reasonably. At 0.48, RVT and TG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between RVT and TG?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.42 over the last year and 0.45 over 5 years.
Is TG a good diversifier for RVT?
Reasonably. At 0.48, RVT and TG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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-tg.json
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Related comparisons
Hubs: RVT correlations · TG correlations
