CTRN vs RMT: Correlation
How closely do Citi Trends, Inc. (CTRN) and Royce Micro-Cap Trust, Inc. (RMT) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTRN and RMT?
Across a 3-year window, the weekly returns of CTRN and RMT correlate at 0.45, moderate. The past 12 months show a weaker link (0.34) than the 3-year average (0.45). Stretching to 5 years gives 0.49, with an annualized covariance of 485.9 %².
Within CTRN's tracked universe of 13 assets, RMT comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CTRN ahead by 38.3 points (+86.7% versus +48.4%). One caveat on sizing: CTRN is 2.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CTRN vs RMT: side by side
| CTRN (Citi Trends, Inc.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +86.7% | +48.4% |
| 5-year return | -19.6% | +80.1% |
| Volatility (ann.) | 52.8% | 20.5% |
| Beta vs S&P 500 | 1.41 | 1.09 |
| Max drawdown (3Y) | -57.0% | -26.4% |
| Market cap | $0.6B | $0.8B |
| P/E (trailing) | 79.8 | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTRN | RMT |
|---|---|---|
| 2022 | -72.1% | -16.8% |
| 2023 | +6.8% | +15.8% |
| 2024 | -7.2% | +14.0% |
| 2025 | +58.3% | +16.1% |
| 2026 | +65.2% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTRN and RMT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CTRN and RMT?
The CTRN/RMT correlation stands at 0.45 on a 3-year window (1 year: 0.34, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is RMT a good diversifier for CTRN?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 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/ctrn-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctrn-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CTRN correlations · RMT correlations
