ALB vs RMT: Correlation
Albemarle Corporation (ALB) and Royce Micro-Cap Trust, Inc. (RMT) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALB and RMT?
Across a 3-year window, the weekly returns of ALB and RMT correlate at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Stretching to 5 years gives 0.55, with an annualized covariance of 574.1 %².
By 3-year correlation, RMT places #7 of the 36 assets tracked against ALB. On 12-month performance ALB holds a 8.5-point edge, +56.9% against +48.4%. One caveat on sizing: ALB is 2.6 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.
ALB vs RMT: side by side
| ALB (Albemarle Corporation) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +56.9% | +48.4% |
| 5-year return | -39.2% | +80.1% |
| Volatility (ann.) | 54.3% | 20.5% |
| Beta vs S&P 500 | 1.62 | 1.09 |
| Max drawdown (3Y) | -74.1% | -26.4% |
| Market cap | $16.0B | $0.8B |
| P/E (trailing) | 502.9 | 8.5 |
| Dividend yield | 1.20% | 5.57% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | ALB | RMT |
|---|---|---|
| 2022 | -6.6% | -16.8% |
| 2023 | -32.8% | +15.8% |
| 2024 | -39.5% | +14.0% |
| 2025 | +67.7% | +16.1% |
| 2026 | -3.5% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALB and RMT good diversifiers for each other?
To a limited degree. At 0.52 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 ALB and RMT?
The ALB/RMT correlation stands at 0.52 on a 3-year window (1 year: 0.43, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is RMT a good diversifier for ALB?
To a limited degree. At 0.52 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 0.52 mean?
On the −1 to +1 scale, 0.52 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/alb-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alb-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALB correlations · RMT correlations
