BCV vs RMT: Correlation
Measured on weekly returns over the past three years, Bancroft Fund, Ltd. (BCV) and Royce Micro-Cap Trust, Inc. (RMT) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCV and RMT?
Across a 3-year window, the weekly returns of BCV and RMT correlate at 0.66, strong. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. Stretching to 5 years gives 0.73, with an annualized covariance of 237.7 %².
Within BCV's tracked universe of 20 assets, RMT comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RMT ahead by 20.1 points (+28.3% versus +48.4%).
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.
BCV vs RMT: side by side
| BCV (Bancroft Fund, Ltd.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +28.3% | +48.4% |
| 5-year return | +22.7% | +80.1% |
| Volatility (ann.) | 17.6% | 20.5% |
| Beta vs S&P 500 | 0.68 | 1.09 |
| Max drawdown (3Y) | -14.6% | -26.4% |
| Market cap | $0.1B | $0.8B |
| P/E (trailing) | 3.7 | 8.5 |
| Dividend yield | 5.42% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCV | RMT |
|---|---|---|
| 2022 | -33.7% | -16.8% |
| 2023 | +5.6% | +15.8% |
| 2024 | +19.8% | +14.0% |
| 2025 | +33.4% | +16.1% |
| 2026 | +16.1% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCV and RMT good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BCV and RMT?
As of 2026-08-27, the correlation of weekly returns between BCV and RMT is 0.66 over 3 years, 0.58 over 1 year and 0.73 over 5 years.
Is RMT a good diversifier for BCV?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 mean?
On the −1 to +1 scale, 0.66 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/bcv-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bcv-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BCV correlations · RMT correlations
