CCSI vs RMT: Correlation
Measured on weekly returns over the past three years, Consensus Cloud Solutions, Inc. (CCSI) and Royce Micro-Cap Trust, Inc. (RMT) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCSI and RMT?
Across a 3-year window, the weekly returns of CCSI and RMT correlate at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Stretching to 5 years gives 0.39, with an annualized covariance of 614.2 %².
Among the 16 assets we track against CCSI, RMT ranks #5 by 3-year correlation. Their 12-month results are close: +49.4% for CCSI against +48.4% for RMT. Note the risk asymmetry: CCSI runs 3.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CCSI vs RMT: side by side
| CCSI (Consensus Cloud Solutions, Inc.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +49.4% | +48.4% |
| 5-year return | +11.8% | +80.1% |
| Volatility (ann.) | 66.1% | 20.5% |
| Beta vs S&P 500 | 1.27 | 1.09 |
| Max drawdown (3Y) | -63.8% | -26.4% |
| Market cap | $0.7B | $0.8B |
| P/E (trailing) | 7.8 | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCSI | RMT |
|---|---|---|
| 2022 | -7.1% | -16.8% |
| 2023 | -51.2% | +15.8% |
| 2024 | -9.0% | +14.0% |
| 2025 | -8.5% | +16.1% |
| 2026 | +82.6% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCSI and RMT good diversifiers for each other?
Reasonably. At 0.45, CCSI and RMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CCSI and RMT?
The CCSI/RMT correlation stands at 0.45 on a 3-year window (1 year: 0.48, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is RMT a good diversifier for CCSI?
Reasonably. At 0.45, CCSI and RMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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.
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Related comparisons
Hubs: CCSI correlations · RMT correlations
