DJCO vs RMT: Correlation
Daily Journal Corp. (S.C.) (DJCO) and Royce Micro-Cap Trust, Inc. (RMT) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DJCO and RMT?
On 3 years of weekly data the DJCO/RMT correlation comes out at 0.52, moderate. The link has loosened recently: the 1-year correlation (0.39) runs below the 3-year figure (0.52). The 5-year figure is 0.44, and annualized covariance runs at 425.7 %².
Among the 11 assets we track against DJCO, RMT ranks #5 by 3-year correlation. Over the last 12 months RMT came out ahead by 13.3 percentage points (+35.1% against +48.4%). One caveat on sizing: DJCO is 1.9 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.
DJCO vs RMT: side by side
| DJCO (Daily Journal Corp. (S.C.)) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +35.1% | +48.4% |
| 5-year return | +91.2% | +80.1% |
| Volatility (ann.) | 39.6% | 20.5% |
| Beta vs S&P 500 | 0.79 | 1.09 |
| Max drawdown (3Y) | -38.0% | -26.4% |
| Market cap | $0.9B | $0.8B |
| P/E (trailing) | – | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DJCO | RMT |
|---|---|---|
| 2022 | -29.8% | -16.8% |
| 2023 | +36.1% | +15.8% |
| 2024 | +66.7% | +14.0% |
| 2025 | -14.2% | +16.1% |
| 2026 | +29.5% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DJCO and RMT good diversifiers for each other?
Only partially. A correlation of 0.52 means DJCO and RMT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DJCO and RMT?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.39 over the last year and 0.44 over 5 years.
Is RMT a good diversifier for DJCO?
Only partially. A correlation of 0.52 means DJCO and RMT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 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/djco-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/djco-vs-rmt/)
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Related comparisons
Hubs: DJCO correlations · RMT correlations
