DLHC vs RMT: Correlation
DLH Holdings Corp. (DLHC) and Royce Micro-Cap Trust, Inc. (RMT) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLHC and RMT?
Over the past 3 years, DLHC and RMT moved with a correlation of 0.44, which is moderate. The link has loosened recently: the 1-year correlation (0.32) runs below the 3-year figure (0.44). Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 369.3 %².
Few assets follow DLHC as closely as RMT, which ranks #3 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with RMT ahead by 67.5 points (-19.1% versus +48.4%). One caveat on sizing: DLHC is 2.0 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.
DLHC vs RMT: side by side
| DLHC (DLH Holdings Corp.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -19.1% | +48.4% |
| 5-year return | -61.3% | +80.1% |
| Volatility (ann.) | 41.1% | 20.5% |
| Beta vs S&P 500 | 1.07 | 1.09 |
| Max drawdown (3Y) | -84.0% | -26.4% |
| Market cap | $0.1B | $0.8B |
| P/E (trailing) | – | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DLHC | RMT |
|---|---|---|
| 2022 | -42.7% | -16.8% |
| 2023 | +32.7% | +15.8% |
| 2024 | -49.0% | +14.0% |
| 2025 | -29.6% | +16.1% |
| 2026 | -20.7% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLHC and RMT good diversifiers for each other?
Reasonably. At 0.44, DLHC and RMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DLHC and RMT?
As of 2026-08-27, the correlation of weekly returns between DLHC and RMT is 0.44 over 3 years, 0.32 over 1 year and 0.47 over 5 years.
Is RMT a good diversifier for DLHC?
Reasonably. At 0.44, DLHC and RMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: DLHC correlations · RMT correlations
