ASG vs RMT: Correlation
Liberty All-Star Growth Fund, Inc. (ASG) and Royce Micro-Cap Trust, Inc. (RMT) show a very strong relationship: their 3-year correlation of weekly returns is 0.83.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASG and RMT?
On 3 years of weekly data the ASG/RMT correlation comes out at 0.83, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.83) sits close to the 3-year figure. The 5-year figure is 0.79, and annualized covariance runs at 313.8 %².
Within ASG's tracked universe of 52 assets, RMT comes in at #7 by 3-year correlation. The last year tells two different stories: RMT led by 45.1 percentage points, +3.3% for ASG against +48.4% for RMT.
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.
ASG vs RMT: side by side
| ASG (Liberty All-Star Growth Fund, Inc.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +3.3% | +48.4% |
| 5-year return | -5.6% | +80.1% |
| Volatility (ann.) | 18.3% | 20.5% |
| Beta vs S&P 500 | 1.12 | 1.09 |
| Max drawdown (3Y) | -25.3% | -26.4% |
| Market cap | $0.3B | $0.8B |
| P/E (trailing) | 23.9 | 8.5 |
| Dividend yield | 8.76% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASG | RMT |
|---|---|---|
| 2022 | -40.9% | -16.8% |
| 2023 | +16.2% | +15.8% |
| 2024 | +16.8% | +14.0% |
| 2025 | +2.2% | +16.1% |
| 2026 | +6.0% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASG and RMT good diversifiers for each other?
No: a correlation of 0.83 means ASG and RMT tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between ASG and RMT?
As of 2026-08-27, the correlation of weekly returns between ASG and RMT is 0.83 over 3 years, 0.83 over 1 year and 0.79 over 5 years.
Is RMT a good diversifier for ASG?
No: a correlation of 0.83 means ASG and RMT tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.83 mean?
On the −1 to +1 scale, 0.83 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/asg-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asg-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASG correlations · RMT correlations
