AIN vs RMT: Correlation
Albany International Corporation (AIN) and Royce Micro-Cap Trust, Inc. (RMT) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIN and RMT?
Over the past 3 years, AIN and RMT moved with a correlation of 0.63, which is strong. The link has loosened recently: the 1-year correlation (0.49) runs below the 3-year figure (0.63). Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 470.1 %².
Few assets follow AIN as closely as RMT, which ranks #2 of 20 tracked partners. The last year tells two different stories: RMT led by 54.0 percentage points, -5.6% for AIN against +48.4% for RMT. One caveat on sizing: AIN is 1.8 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.
AIN vs RMT: side by side
| AIN (Albany International Corporation) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -5.6% | +48.4% |
| 5-year return | -19.2% | +80.1% |
| Volatility (ann.) | 36.2% | 20.5% |
| Beta vs S&P 500 | 1.13 | 1.09 |
| Max drawdown (3Y) | -57.1% | -26.4% |
| Market cap | $1.7B | $0.8B |
| P/E (trailing) | – | 8.5 |
| Dividend yield | 1.88% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIN | RMT |
|---|---|---|
| 2022 | +12.6% | -16.8% |
| 2023 | +0.7% | +15.8% |
| 2024 | -17.6% | +14.0% |
| 2025 | -35.5% | +16.1% |
| 2026 | +17.9% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIN and RMT good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AIN and RMT?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.49 over the last year and 0.64 over 5 years.
Is RMT a good diversifier for AIN?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 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/ain-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ain-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AIN correlations · RMT correlations
