RVT vs WS: Correlation
How closely do Royce Small-Cap Trust, Inc. (RVT) and Worthington Steel, Inc. (WS) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVT and WS?
On 3 years of weekly data the RVT/WS correlation comes out at 0.63, strong. Recent behaviour matches the longer record: 0.59 over 1 year against 0.63 over 3. The 5-year figure is n/a, and annualized covariance runs at 598.8 %².
Within RVT's tracked universe of 116 assets, WS comes in at #28 by 3-year correlation. The last year tells two different stories: RVT led by 22.6 percentage points, +27.4% for RVT against +4.8% for WS. Note the risk asymmetry: WS runs 2.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 WS: side by side
| RVT (Royce Small-Cap Trust, Inc.) | WS (Worthington Steel, Inc.) | |
|---|---|---|
| 1-year return | +27.4% | +4.8% |
| 5-year return | +53.9% | n/a |
| Volatility (ann.) | 19.1% | 51.2% |
| Beta vs S&P 500 | 0.99 | 1.67 |
| Max drawdown (3Y) | -23.5% | -51.0% |
| Market cap | $2.3B | $1.7B |
| P/E (trailing) | 6.5 | 201.9 |
| Dividend yield | 0.00% | 1.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RVT | WS |
|---|---|---|
| 2022 | -26.3% | – |
| 2023 | +18.8% | – |
| 2024 | +17.9% | +15.4% |
| 2025 | +11.5% | +11.2% |
| 2026 | +21.2% | -0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVT and WS good diversifiers for each other?
Only partially. A correlation of 0.63 means RVT and WS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between RVT and WS?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.59 over the last year and n/a over 5 years.
Is WS a good diversifier for RVT?
Only partially. A correlation of 0.63 means RVT and WS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 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-ws.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rvt-vs-ws/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RVT correlations · WS correlations
