BELFA vs RMT: Correlation
Measured on weekly returns over the past three years, Bel Fuse Inc. (BELFA) and Royce Micro-Cap Trust, Inc. (RMT) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BELFA and RMT?
Across a 3-year window, the weekly returns of BELFA and RMT correlate at 0.55, moderate. Recent behaviour matches the longer record: 0.65 over 1 year against 0.55 over 3. Stretching to 5 years gives 0.47, with an annualized covariance of 545.4 %².
Within BELFA's tracked universe of 10 assets, RMT comes in at #5 by 3-year correlation. The last year tells two different stories: BELFA led by 32.1 percentage points, +80.5% for BELFA against +48.4% for RMT. Risk is not evenly split, since BELFA carries 2.4 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.
BELFA vs RMT: side by side
| BELFA (Bel Fuse Inc.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +80.5% | +48.4% |
| 5-year return | +1292.5% | +80.1% |
| Volatility (ann.) | 48.6% | 20.5% |
| Beta vs S&P 500 | 1.30 | 1.09 |
| Max drawdown (3Y) | -43.4% | -26.4% |
| Market cap | $3.1B | $0.8B |
| P/E (trailing) | 54.3 | 8.5 |
| Dividend yield | 0.11% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BELFA | RMT |
|---|---|---|
| 2022 | +117.0% | -16.8% |
| 2023 | +102.0% | +15.8% |
| 2024 | +39.8% | +14.0% |
| 2025 | +69.0% | +16.1% |
| 2026 | +40.6% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BELFA and RMT good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BELFA and RMT?
The BELFA/RMT correlation stands at 0.55 on a 3-year window (1 year: 0.65, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is RMT a good diversifier for BELFA?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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/belfa-vs-rmt.json
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Related comparisons
Hubs: BELFA correlations · RMT correlations
