ACVA vs RMT: Correlation
How closely do ACV Auctions Inc. (ACVA) and Royce Micro-Cap Trust, Inc. (RMT) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACVA and RMT?
Over the past 3 years, ACVA and RMT moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 557.7 %².
Within ACVA's tracked universe of 14 assets, RMT comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RMT ahead by 85.7 points (-37.3% versus +48.4%). Risk is not evenly split, since ACVA carries 2.8 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.
ACVA vs RMT: side by side
| ACVA (ACV Auctions Inc.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -37.3% | +48.4% |
| 5-year return | -64.2% | +80.1% |
| Volatility (ann.) | 57.0% | 20.5% |
| Beta vs S&P 500 | 1.76 | 1.09 |
| Max drawdown (3Y) | -82.1% | -26.4% |
| Market cap | $1.2B | $0.8B |
| P/E (trailing) | – | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACVA | RMT |
|---|---|---|
| 2022 | -56.4% | -16.8% |
| 2023 | +84.5% | +15.8% |
| 2024 | +42.6% | +14.0% |
| 2025 | -62.9% | +16.1% |
| 2026 | -10.0% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACVA and RMT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ACVA and RMT?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.46 over the last year and 0.43 over 5 years.
Is RMT a good diversifier for ACVA?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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/acva-vs-rmt.json
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Related comparisons
Hubs: ACVA correlations · RMT correlations
