CTS vs RMT: Correlation
Measured on weekly returns over the past three years, CTS Corporation (CTS) and Royce Micro-Cap Trust, Inc. (RMT) carry a correlation of 0.72, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTS and RMT?
On 3 years of weekly data the CTS/RMT correlation comes out at 0.72, strong. Lately the two have drifted apart, with the 1-year correlation at 0.59 versus 0.72 over 3 years. The 5-year figure is 0.61, and annualized covariance runs at 487.8 %².
Within CTS's tracked universe of 26 assets, RMT comes in at #4 by 3-year correlation. The trailing year gives RMT the advantage: +35.8% versus +48.4%, a 12.6-point spread. Risk is not evenly split, since CTS carries 1.6 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.
CTS vs RMT: side by side
| CTS (CTS Corporation) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +35.8% | +48.4% |
| 5-year return | +63.4% | +80.1% |
| Volatility (ann.) | 33.0% | 20.5% |
| Beta vs S&P 500 | 1.40 | 1.09 |
| Max drawdown (3Y) | -40.6% | -26.4% |
| Market cap | $1.6B | $0.8B |
| P/E (trailing) | 23.8 | 8.5 |
| Dividend yield | 0.28% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTS | RMT |
|---|---|---|
| 2022 | +7.8% | -16.8% |
| 2023 | +11.4% | +15.8% |
| 2024 | +20.9% | +14.0% |
| 2025 | -18.4% | +16.1% |
| 2026 | +34.7% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTS and RMT good diversifiers for each other?
To a limited degree. At 0.72 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 CTS and RMT?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.59 over the last year and 0.61 over 5 years.
Is RMT a good diversifier for CTS?
To a limited degree. At 0.72 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 0.72 mean?
A reading of 0.72 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cts-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cts-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CTS correlations · RMT correlations
