AAMI vs RGT: Correlation
Measured on weekly returns over the past three years, Acadian Asset Management Inc. (AAMI) and Royce Global Trust, Inc. (RGT) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAMI and RGT?
Over the past 3 years, AAMI and RGT moved with a correlation of 0.59, which is moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.59 over 3. Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 332.3 %².
Within AAMI's tracked universe of 12 assets, RGT comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AAMI ahead by 68.8 points (+92.9% versus +24.1%). One caveat on sizing: AAMI is 2.0 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.
AAMI vs RGT: side by side
| AAMI (Acadian Asset Management Inc.) | RGT (Royce Global Trust, Inc.) | |
|---|---|---|
| 1-year return | +92.9% | +24.1% |
| 5-year return | +260.9% | +25.5% |
| Volatility (ann.) | 33.4% | 17.0% |
| Beta vs S&P 500 | 1.30 | 0.91 |
| Max drawdown (3Y) | -26.5% | -19.0% |
| Market cap | $3.5B | $0.1B |
| P/E (trailing) | 33.8 | 5.4 |
| Dividend yield | 0.32% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AAMI | RGT |
|---|---|---|
| 2022 | -19.4% | -33.1% |
| 2023 | -6.7% | +14.6% |
| 2024 | +37.7% | +14.4% |
| 2025 | +78.6% | +24.1% |
| 2026 | +107.7% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAMI and RGT good diversifiers for each other?
To a limited degree. At 0.59 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 AAMI and RGT?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.54 over the last year and 0.64 over 5 years.
Is RGT a good diversifier for AAMI?
To a limited degree. At 0.59 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 0.59 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.
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Related comparisons
Hubs: AAMI correlations · RGT correlations
