BNED vs RMT: Correlation
How closely do Barnes & Noble Education, Inc (BNED) and Royce Micro-Cap Trust, Inc. (RMT) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNED and RMT?
On 3 years of weekly data the BNED/RMT correlation comes out at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. The 5-year figure is 0.33, and annualized covariance runs at 903.4 %².
In BNED's tracked universe of 11 assets, RMT sits right near the top at #3. Over the last 12 months RMT came out ahead by 7.3 percentage points (+41.1% against +48.4%). Risk is not evenly split, since BNED carries 5.5 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.
BNED vs RMT: side by side
| BNED (Barnes & Noble Education, Inc) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +41.1% | +48.4% |
| 5-year return | -98.4% | +80.1% |
| Volatility (ann.) | 111.9% | 20.5% |
| Beta vs S&P 500 | 1.64 | 1.09 |
| Max drawdown (3Y) | -97.3% | -26.4% |
| Market cap | $0.4B | $0.8B |
| P/E (trailing) | 25.5 | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNED | RMT |
|---|---|---|
| 2022 | -74.3% | -16.8% |
| 2023 | -14.9% | +15.8% |
| 2024 | -93.3% | +14.0% |
| 2025 | -8.5% | +16.1% |
| 2026 | +33.9% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNED and RMT good diversifiers for each other?
Reasonably. At 0.39, BNED and RMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BNED and RMT?
As of 2026-08-27, the correlation of weekly returns between BNED and RMT is 0.39 over 3 years, 0.47 over 1 year and 0.33 over 5 years.
Is RMT a good diversifier for BNED?
Reasonably. At 0.39, BNED and RMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bned-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bned-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BNED correlations · RMT correlations
