BA vs RMT: Correlation
Boeing (BA) and Royce Micro-Cap Trust, Inc. (RMT) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BA and RMT?
Over the past 3 years, BA and RMT moved with a correlation of 0.57, which is moderate. Recent behaviour matches the longer record: 0.65 over 1 year against 0.57 over 3. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 426.4 %².
By 3-year correlation, RMT places #9 of the 37 assets tracked against BA. The last year tells two different stories: RMT led by 59.3 percentage points, -10.9% for BA against +48.4% for RMT. Risk is not evenly split, since BA carries 1.8 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.
BA vs RMT: side by side
| BA (Boeing) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -10.9% | +48.4% |
| 5-year return | -3.6% | +80.1% |
| Volatility (ann.) | 36.4% | 20.5% |
| Beta vs S&P 500 | 1.43 | 1.09 |
| Max drawdown (3Y) | -48.3% | -26.4% |
| Market cap | $165.9B | $0.8B |
| P/E (trailing) | 76.3 | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BA | RMT |
|---|---|---|
| 2022 | -5.4% | -16.8% |
| 2023 | +36.8% | +15.8% |
| 2024 | -32.1% | +14.0% |
| 2025 | +22.7% | +16.1% |
| 2026 | -3.3% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BA and RMT good diversifiers for each other?
Only partially. A correlation of 0.57 means BA 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 BA and RMT?
As of 2026-08-27, the correlation of weekly returns between BA and RMT is 0.57 over 3 years, 0.65 over 1 year and 0.54 over 5 years.
Is RMT a good diversifier for BA?
Only partially. A correlation of 0.57 means BA 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?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ba-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ba-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BA correlations · RMT correlations
