DCO vs RMT: Correlation
How closely do Ducommun Incorporated (DCO) and Royce Micro-Cap Trust, Inc. (RMT) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCO and RMT?
Over the past 3 years, DCO and RMT moved with a correlation of 0.55, which is moderate. Recent behaviour matches the longer record: 0.61 over 1 year against 0.55 over 3. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 341.5 %².
RMT is one of the assets that tracks DCO most closely: it ranks #1 out of the 12 assets we track against DCO. Their recent paths diverged sharply: over the last 12 months DCO outperformed by 51.1 percentage points (+99.5% for DCO against +48.4% for RMT).
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.
DCO vs RMT: side by side
| DCO (Ducommun Incorporated) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +99.5% | +48.4% |
| 5-year return | +248.0% | +80.1% |
| Volatility (ann.) | 30.0% | 20.5% |
| Beta vs S&P 500 | 0.78 | 1.09 |
| Max drawdown (3Y) | -23.5% | -26.4% |
| Market cap | $2.8B | $0.8B |
| P/E (trailing) | – | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DCO | RMT |
|---|---|---|
| 2022 | +6.8% | -16.8% |
| 2023 | +4.2% | +15.8% |
| 2024 | +22.3% | +14.0% |
| 2025 | +49.4% | +16.1% |
| 2026 | +93.3% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCO and RMT good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DCO and RMT?
The DCO/RMT correlation stands at 0.55 on a 3-year window (1 year: 0.61, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is RMT a good diversifier for DCO?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 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
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Related comparisons
Hubs: DCO correlations · RMT correlations
