ALNT vs RMT: Correlation
How closely do Allient Inc. (ALNT) and Royce Micro-Cap Trust, Inc. (RMT) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALNT and RMT?
Over the past 3 years, ALNT and RMT moved with a correlation of 0.57, which is moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.57 over 3. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 601.2 %².
Within ALNT's tracked universe of 13 assets, RMT comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALNT ahead by 54.5 points (+102.9% versus +48.4%). Risk is not evenly split, since ALNT carries 2.5 times the volatility of the other side.
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.
ALNT vs RMT: side by side
| ALNT (Allient Inc.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +102.9% | +48.4% |
| 5-year return | +183.0% | +80.1% |
| Volatility (ann.) | 51.2% | 20.5% |
| Beta vs S&P 500 | 1.42 | 1.09 |
| Max drawdown (3Y) | -52.9% | -26.4% |
| Market cap | $1.6B | $0.8B |
| P/E (trailing) | 55.0 | 8.5 |
| Dividend yield | 0.14% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALNT | RMT |
|---|---|---|
| 2022 | -4.3% | -16.8% |
| 2023 | -12.9% | +15.8% |
| 2024 | -19.3% | +14.0% |
| 2025 | +122.2% | +16.1% |
| 2026 | +78.3% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALNT and RMT good diversifiers for each other?
Only partially. A correlation of 0.57 means ALNT and RMT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ALNT and RMT?
The ALNT/RMT correlation stands at 0.57 on a 3-year window (1 year: 0.54, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is RMT a good diversifier for ALNT?
Only partially. A correlation of 0.57 means ALNT and RMT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 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/alnt-vs-rmt.json
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Related comparisons
Hubs: ALNT correlations · RMT correlations
