RVT vs URI: Correlation
How closely do Royce Small-Cap Trust, Inc. (RVT) and United Rentals (URI) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVT and URI?
Across a 3-year window, the weekly returns of RVT and URI correlate at 0.64, strong. The link has loosened recently: the 1-year correlation (0.33) runs below the 3-year figure (0.64). Stretching to 5 years gives 0.68, with an annualized covariance of 480.5 %².
Among the 116 assets we track against RVT, URI ranks #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RVT outperformed by 17.2 percentage points (+27.4% for RVT against +10.2% for URI). One caveat on sizing: URI is 2.1 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 URI: side by side
| RVT (Royce Small-Cap Trust, Inc.) | URI (United Rentals) | |
|---|---|---|
| 1-year return | +27.4% | +10.2% |
| 5-year return | +53.9% | +204.1% |
| Volatility (ann.) | 19.1% | 39.5% |
| Beta vs S&P 500 | 0.99 | 1.42 |
| Max drawdown (3Y) | -23.5% | -37.0% |
| Market cap | $2.3B | $64.6B |
| P/E (trailing) | 6.5 | 25.4 |
| Dividend yield | 0.00% | 0.71% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | RVT | URI |
|---|---|---|
| 2022 | -26.3% | +7.0% |
| 2023 | +18.8% | +63.6% |
| 2024 | +17.9% | +24.0% |
| 2025 | +11.5% | +15.9% |
| 2026 | +21.2% | +29.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVT and URI good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RVT and URI?
As of 2026-08-27, the correlation of weekly returns between RVT and URI is 0.64 over 3 years, 0.33 over 1 year and 0.68 over 5 years.
Is URI a good diversifier for RVT?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
A reading of 0.64 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-uri.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rvt-vs-uri/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RVT correlations · URI correlations
