RVT vs TKO: Correlation
Royce Small-Cap Trust, Inc. (RVT) and TKO Group Holdings (TKO) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVT and TKO?
On 3 years of weekly data the RVT/TKO correlation comes out at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. The 5-year figure is 0.34, and annualized covariance runs at 242.8 %².
Among the 116 assets we track against RVT, TKO ranks #110 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RVT outperformed by 26.6 percentage points (+27.4% for RVT against +0.8% for TKO). Risk is not evenly split, since TKO carries 1.7 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 TKO: side by side
| RVT (Royce Small-Cap Trust, Inc.) | TKO (TKO Group Holdings) | |
|---|---|---|
| 1-year return | +27.4% | +0.8% |
| 5-year return | +53.9% | +281.8% |
| Volatility (ann.) | 19.1% | 32.1% |
| Beta vs S&P 500 | 0.99 | 0.70 |
| Max drawdown (3Y) | -23.5% | -34.8% |
| Market cap | $2.3B | $34.9B |
| P/E (trailing) | 6.5 | 65.8 |
| Dividend yield | 0.00% | 1.66% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | RVT | TKO |
|---|---|---|
| 2022 | -26.3% | +39.9% |
| 2023 | +18.8% | +23.9% |
| 2024 | +17.9% | +74.2% |
| 2025 | +11.5% | +48.9% |
| 2026 | +21.2% | -11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVT and TKO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between RVT and TKO?
As of 2026-08-27, the correlation of weekly returns between RVT and TKO is 0.40 over 3 years, 0.41 over 1 year and 0.34 over 5 years.
Is TKO a good diversifier for RVT?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 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-tko.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rvt-vs-tko/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RVT correlations · TKO correlations
