ATRO vs RMT: Correlation
Measured on weekly returns over the past three years, Astronics Corporation (ATRO) and Royce Micro-Cap Trust, Inc. (RMT) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATRO and RMT?
Across a 3-year window, the weekly returns of ATRO and RMT correlate at 0.49, moderate. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 478.1 %².
Few assets follow ATRO as closely as RMT, which ranks #3 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months ATRO outperformed by 119.1 percentage points (+167.5% for ATRO against +48.4% for RMT). Risk is not evenly split, since ATRO carries 2.3 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.
ATRO vs RMT: side by side
| ATRO (Astronics Corporation) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +167.5% | +48.4% |
| 5-year return | +623.9% | +80.1% |
| Volatility (ann.) | 47.1% | 20.5% |
| Beta vs S&P 500 | 1.07 | 1.09 |
| Max drawdown (3Y) | -33.3% | -26.4% |
| Market cap | $3.4B | $0.8B |
| P/E (trailing) | 42.6 | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATRO | RMT |
|---|---|---|
| 2022 | -14.2% | -16.8% |
| 2023 | +69.1% | +15.8% |
| 2024 | -8.4% | +14.0% |
| 2025 | +239.8% | +16.1% |
| 2026 | +80.2% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATRO and RMT good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ATRO and RMT?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.59 over the last year and 0.46 over 5 years.
Is RMT a good diversifier for ATRO?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/atro-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/atro-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ATRO correlations · RMT correlations
