AIP vs RMT: Correlation
How closely do Arteris, Inc. (AIP) and Royce Micro-Cap Trust, Inc. (RMT) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIP and RMT?
Across a 3-year window, the weekly returns of AIP and RMT correlate at 0.58, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.39 versus 0.58 over 3 years. Stretching to 5 years gives 0.47, with an annualized covariance of 785.3 %².
RMT is one of the assets that tracks AIP most closely: it ranks #2 out of the 13 assets we track against AIP. Their recent paths diverged sharply: over the last 12 months AIP outperformed by 95.0 percentage points (+143.4% for AIP against +48.4% for RMT). One caveat on sizing: AIP is 3.2 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.
AIP vs RMT: side by side
| AIP (Arteris, Inc.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +143.4% | +48.4% |
| 5-year return | +29.7% | +80.1% |
| Volatility (ann.) | 65.6% | 20.5% |
| Beta vs S&P 500 | 2.01 | 1.09 |
| Max drawdown (3Y) | -54.5% | -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 | AIP | RMT |
|---|---|---|
| 2022 | -79.6% | -16.8% |
| 2023 | +37.0% | +15.8% |
| 2024 | +73.0% | +14.0% |
| 2025 | +52.1% | +16.1% |
| 2026 | +52.3% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIP and RMT good diversifiers for each other?
To a limited degree. At 0.58 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 AIP and RMT?
As of 2026-08-27, the correlation of weekly returns between AIP and RMT is 0.58 over 3 years, 0.39 over 1 year and 0.47 over 5 years.
Is RMT a good diversifier for AIP?
To a limited degree. At 0.58 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 0.58 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/aip-vs-rmt.json
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Related comparisons
Hubs: AIP correlations · RMT correlations
