RVT vs WSC: Correlation
Measured on weekly returns over the past three years, Royce Small-Cap Trust, Inc. (RVT) and WillScot Holdings Corporation (WSC) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RVT and WSC?
On 3 years of weekly data the RVT/WSC correlation comes out at 0.61, strong. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. The 5-year figure is 0.56, and annualized covariance runs at 533.0 %².
Within RVT's tracked universe of 116 assets, WSC comes in at #34 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RVT ahead by 42.3 points (+27.4% versus -14.9%). Note the risk asymmetry: WSC runs 2.4 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 WSC: side by side
| RVT (Royce Small-Cap Trust, Inc.) | WSC (WillScot Holdings Corporation) | |
|---|---|---|
| 1-year return | +27.4% | -14.9% |
| 5-year return | +53.9% | -27.7% |
| Volatility (ann.) | 19.1% | 45.9% |
| Beta vs S&P 500 | 0.99 | 1.72 |
| Max drawdown (3Y) | -23.5% | -70.7% |
| Market cap | $2.3B | $3.8B |
| P/E (trailing) | 6.5 | – |
| Dividend yield | 0.00% | 1.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RVT | WSC |
|---|---|---|
| 2022 | -26.3% | +10.6% |
| 2023 | +18.8% | -1.5% |
| 2024 | +17.9% | -24.8% |
| 2025 | +11.5% | -43.1% |
| 2026 | +21.2% | +11.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RVT and WSC good diversifiers for each other?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between RVT and WSC?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.54 over the last year and 0.56 over 5 years.
Is WSC a good diversifier for RVT?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 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-wsc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rvt-vs-wsc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RVT correlations · WSC correlations
