BATRK vs RMT: Correlation
Measured on weekly returns over the past three years, Atlanta Braves Holdings, Inc. - Series C (BATRK) and Royce Micro-Cap Trust, Inc. (RMT) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BATRK and RMT?
Across a 3-year window, the weekly returns of BATRK and RMT correlate at 0.47, moderate. Recent behaviour matches the longer record: 0.37 over 1 year against 0.47 over 3. Stretching to 5 years gives 0.45, with an annualized covariance of 183.5 %².
By 3-year correlation, RMT places #5 of the 12 assets tracked against BATRK. The last year tells two different stories: RMT led by 35.1 percentage points, +13.3% for BATRK 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.
BATRK vs RMT: side by side
| BATRK (Atlanta Braves Holdings, Inc. - Series C) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +13.3% | +48.4% |
| 5-year return | +96.3% | +80.1% |
| Volatility (ann.) | 19.0% | 20.5% |
| Beta vs S&P 500 | 0.50 | 1.09 |
| Max drawdown (3Y) | -18.7% | -26.4% |
| Market cap | $3.3B | $0.8B |
| P/E (trailing) | – | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BATRK | RMT |
|---|---|---|
| 2022 | +14.7% | -16.8% |
| 2023 | +22.8% | +15.8% |
| 2024 | -3.3% | +14.0% |
| 2025 | +3.1% | +16.1% |
| 2026 | +28.8% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BATRK and RMT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BATRK and RMT?
The BATRK/RMT correlation stands at 0.47 on a 3-year window (1 year: 0.37, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is RMT a good diversifier for BATRK?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/batrk-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/batrk-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BATRK correlations · RMT correlations
