AGEN vs RGT: Correlation
Measured on weekly returns over the past three years, Agenus Inc. (AGEN) and Royce Global Trust, Inc. (RGT) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGEN and RGT?
On 3 years of weekly data the AGEN/RGT correlation comes out at 0.39, moderate. The past 12 months show a weaker link (0.27) than the 3-year average (0.39). The 5-year figure is 0.32, and annualized covariance runs at 844.9 %².
Within AGEN's tracked universe of 11 assets, RGT comes in at #4 by 3-year correlation. The last year tells two different stories: AGEN led by 47.9 percentage points, +72.0% for AGEN against +24.1% for RGT. Note the risk asymmetry: AGEN runs 7.4 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.
AGEN vs RGT: side by side
| AGEN (Agenus Inc.) | RGT (Royce Global Trust, Inc.) | |
|---|---|---|
| 1-year return | +72.0% | +24.1% |
| 5-year return | -94.0% | +25.5% |
| Volatility (ann.) | 126.6% | 17.0% |
| Beta vs S&P 500 | 2.72 | 0.91 |
| Max drawdown (3Y) | -94.7% | -19.0% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | 2.8 | 5.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGEN | RGT |
|---|---|---|
| 2022 | -25.5% | -33.1% |
| 2023 | -64.8% | +14.6% |
| 2024 | -83.5% | +14.4% |
| 2025 | +14.6% | +24.1% |
| 2026 | +148.7% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGEN and RGT good diversifiers for each other?
Reasonably. At 0.39, AGEN and RGT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AGEN and RGT?
As of 2026-08-27, the correlation of weekly returns between AGEN and RGT is 0.39 over 3 years, 0.27 over 1 year and 0.32 over 5 years.
Is RGT a good diversifier for AGEN?
Reasonably. At 0.39, AGEN and RGT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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: AGEN correlations · RGT correlations
