RVT vs WAB: Correlation
Royce Small-Cap Trust, Inc. (RVT) and Wabtec (WAB) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVT and WAB?
On 3 years of weekly data the RVT/WAB correlation comes out at 0.65, strong. The link has loosened recently: the 1-year correlation (0.48) runs below the 3-year figure (0.65). The 5-year figure is 0.69, and annualized covariance runs at 315.6 %².
Within RVT's tracked universe of 116 assets, WAB comes in at #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WAB ahead by 25.5 points (+27.4% versus +52.9%).
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 WAB: side by side
| RVT (Royce Small-Cap Trust, Inc.) | WAB (Wabtec) | |
|---|---|---|
| 1-year return | +27.4% | +52.9% |
| 5-year return | +53.9% | +241.0% |
| Volatility (ann.) | 19.1% | 25.3% |
| Beta vs S&P 500 | 0.99 | 0.99 |
| Max drawdown (3Y) | -23.5% | -23.6% |
| Market cap | $2.3B | $50.2B |
| P/E (trailing) | 6.5 | 40.5 |
| Dividend yield | 0.00% | 0.37% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | RVT | WAB |
|---|---|---|
| 2022 | -26.3% | +9.1% |
| 2023 | +18.8% | +28.0% |
| 2024 | +17.9% | +50.1% |
| 2025 | +11.5% | +13.2% |
| 2026 | +21.2% | +39.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVT and WAB good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RVT and WAB?
As of 2026-08-27, the correlation of weekly returns between RVT and WAB is 0.65 over 3 years, 0.48 over 1 year and 0.69 over 5 years.
Is WAB a good diversifier for RVT?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 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-wab.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rvt-vs-wab/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RVT correlations · WAB correlations
