DXPE vs RMT: Correlation
Measured on weekly returns over the past three years, DXP Enterprises, Inc. (DXPE) and Royce Micro-Cap Trust, Inc. (RMT) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXPE and RMT?
Over the past 3 years, DXPE and RMT moved with a correlation of 0.56, which is moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 577.0 %².
Among the 12 assets we track against DXPE, RMT ranks #5 by 3-year correlation. The trailing year gives DXPE the advantage: +55.3% versus +48.4%, a 6.9-point spread. Note the risk asymmetry: DXPE runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DXPE vs RMT: side by side
| DXPE (DXP Enterprises, Inc.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +55.3% | +48.4% |
| 5-year return | +542.5% | +80.1% |
| Volatility (ann.) | 49.8% | 20.5% |
| Beta vs S&P 500 | 1.41 | 1.09 |
| Max drawdown (3Y) | -33.0% | -26.4% |
| Market cap | $3.0B | $0.8B |
| P/E (trailing) | 33.5 | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DXPE | RMT |
|---|---|---|
| 2022 | +7.3% | -16.8% |
| 2023 | +22.3% | +15.8% |
| 2024 | +145.2% | +14.0% |
| 2025 | +32.9% | +16.1% |
| 2026 | +75.6% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXPE and RMT good diversifiers for each other?
Only partially. A correlation of 0.56 means DXPE 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 DXPE and RMT?
The DXPE/RMT correlation stands at 0.56 on a 3-year window (1 year: 0.56, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is RMT a good diversifier for DXPE?
Only partially. A correlation of 0.56 means DXPE 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 0.56 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/dxpe-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dxpe-vs-rmt/)
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Related comparisons
Hubs: DXPE correlations · RMT correlations
