AEYE vs RMT: Correlation
How closely do AudioEye, Inc. (AEYE) 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 AEYE and RMT?
On 3 years of weekly data the AEYE/RMT correlation comes out at 0.48, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.48 over 3. The 5-year figure is 0.43, and annualized covariance runs at 845.0 %².
In AEYE's tracked universe of 17 assets, RMT sits right near the top at #2. Correlation aside, the last 12 months split them widely, with RMT ahead by 89.8 points (-41.4% versus +48.4%). Note the risk asymmetry: AEYE runs 4.2 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.
AEYE vs RMT: side by side
| AEYE (AudioEye, Inc.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -41.4% | +48.4% |
| 5-year return | -44.5% | +80.1% |
| Volatility (ann.) | 86.5% | 20.5% |
| Beta vs S&P 500 | 2.63 | 1.09 |
| Max drawdown (3Y) | -83.9% | -26.4% |
| Market cap | $0.1B | $0.8B |
| P/E (trailing) | – | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEYE | RMT |
|---|---|---|
| 2022 | -45.4% | -16.8% |
| 2023 | +41.5% | +15.8% |
| 2024 | +180.6% | +14.0% |
| 2025 | -34.3% | +16.1% |
| 2026 | -28.0% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEYE 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 AEYE and RMT?
The AEYE/RMT correlation stands at 0.48 on a 3-year window (1 year: 0.40, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is RMT a good diversifier for AEYE?
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?
On the −1 to +1 scale, 0.48 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/aeye-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aeye-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AEYE correlations · RMT correlations
