BHE vs RMT: Correlation
Benchmark Electronics, Inc. (BHE) and Royce Micro-Cap Trust, Inc. (RMT) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHE and RMT?
Across a 3-year window, the weekly returns of BHE and RMT correlate at 0.61, strong. The past 12 months show a weaker link (0.48) than the 3-year average (0.61). Stretching to 5 years gives 0.61, with an annualized covariance of 458.9 %².
Within BHE's tracked universe of 16 assets, RMT comes in at #5 by 3-year correlation. The last year tells two different stories: BHE led by 33.0 percentage points, +81.4% for BHE against +48.4% for RMT. Risk is not evenly split, since BHE 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.
BHE vs RMT: side by side
| BHE (Benchmark Electronics, Inc.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +81.4% | +48.4% |
| 5-year return | +202.1% | +80.1% |
| Volatility (ann.) | 36.4% | 20.5% |
| Beta vs S&P 500 | 1.21 | 1.09 |
| Max drawdown (3Y) | -36.7% | -26.4% |
| Market cap | $2.6B | $0.8B |
| P/E (trailing) | 49.5 | 8.5 |
| Dividend yield | 0.94% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHE | RMT |
|---|---|---|
| 2022 | +1.1% | -16.8% |
| 2023 | +6.3% | +15.8% |
| 2024 | +67.1% | +14.0% |
| 2025 | -4.2% | +16.1% |
| 2026 | +73.2% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHE and RMT good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BHE and RMT?
As of 2026-08-27, the correlation of weekly returns between BHE and RMT is 0.61 over 3 years, 0.48 over 1 year and 0.61 over 5 years.
Is RMT a good diversifier for BHE?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 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/bhe-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bhe-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BHE correlations · RMT correlations
