RVT vs VTRS: Correlation
How closely do Royce Small-Cap Trust, Inc. (RVT) and Viatris (VTRS) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVT and VTRS?
Across a 3-year window, the weekly returns of RVT and VTRS correlate at 0.49, moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 308.5 %².
Within RVT's tracked universe of 116 assets, VTRS comes in at #92 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VTRS outperformed by 40.4 percentage points (+27.4% for RVT against +67.8% for VTRS). Risk is not evenly split, since VTRS 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 VTRS: side by side
| RVT (Royce Small-Cap Trust, Inc.) | VTRS (Viatris) | |
|---|---|---|
| 1-year return | +27.4% | +67.8% |
| 5-year return | +53.9% | +44.6% |
| Volatility (ann.) | 19.1% | 32.8% |
| Beta vs S&P 500 | 0.99 | 0.79 |
| Max drawdown (3Y) | -23.5% | -45.0% |
| Market cap | $2.3B | $19.4B |
| P/E (trailing) | 6.5 | – |
| Dividend yield | 0.00% | 2.85% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | RVT | VTRS |
|---|---|---|
| 2022 | -26.3% | -14.3% |
| 2023 | +18.8% | +2.1% |
| 2024 | +17.9% | +19.7% |
| 2025 | +11.5% | +5.1% |
| 2026 | +21.2% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVT and VTRS good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between RVT and VTRS?
The RVT/VTRS correlation stands at 0.49 on a 3-year window (1 year: 0.42, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is VTRS a good diversifier for RVT?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rvt-vs-vtrs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rvt-vs-vtrs/)
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Related comparisons
Hubs: RVT correlations · VTRS correlations
