DLHC vs RGT: Correlation
How closely do DLH Holdings Corp. (DLHC) and Royce Global Trust, Inc. (RGT) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLHC and RGT?
On 3 years of weekly data the DLHC/RGT correlation comes out at 0.44, moderate. The link has loosened recently: the 1-year correlation (0.23) runs below the 3-year figure (0.44). The 5-year figure is 0.42, and annualized covariance runs at 308.0 %².
RGT is one of the assets that tracks DLHC most closely: it ranks #2 out of the 10 assets we track against DLHC. The last year tells two different stories: RGT led by 43.2 percentage points, -19.1% for DLHC against +24.1% for RGT. Risk is not evenly split, since DLHC carries 2.4 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.
DLHC vs RGT: side by side
| DLHC (DLH Holdings Corp.) | RGT (Royce Global Trust, Inc.) | |
|---|---|---|
| 1-year return | -19.1% | +24.1% |
| 5-year return | -61.3% | +25.5% |
| Volatility (ann.) | 41.1% | 17.0% |
| Beta vs S&P 500 | 1.07 | 0.91 |
| Max drawdown (3Y) | -84.0% | -19.0% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | 5.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DLHC | RGT |
|---|---|---|
| 2022 | -42.7% | -33.1% |
| 2023 | +32.7% | +14.6% |
| 2024 | -49.0% | +14.4% |
| 2025 | -29.6% | +24.1% |
| 2026 | -20.7% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLHC and RGT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DLHC and RGT?
As of 2026-08-27, the correlation of weekly returns between DLHC and RGT is 0.44 over 3 years, 0.23 over 1 year and 0.42 over 5 years.
Is RGT a good diversifier for DLHC?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DLHC correlations · RGT correlations
