EEFT vs RMT: Correlation
Measured on weekly returns over the past three years, Euronet Worldwide, Inc. (EEFT) and Royce Micro-Cap Trust, Inc. (RMT) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EEFT and RMT?
On 3 years of weekly data the EEFT/RMT correlation comes out at 0.50, moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. The 5-year figure is 0.51, and annualized covariance runs at 306.3 %².
By 3-year correlation, RMT places #5 of the 14 assets tracked against EEFT. Correlation aside, the last 12 months split them widely, with RMT ahead by 75.4 points (-27.0% versus +48.4%).
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.
EEFT vs RMT: side by side
| EEFT (Euronet Worldwide, Inc.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -27.0% | +48.4% |
| 5-year return | -48.7% | +80.1% |
| Volatility (ann.) | 30.1% | 20.5% |
| Beta vs S&P 500 | 0.89 | 1.09 |
| Max drawdown (3Y) | -45.3% | -26.4% |
| Market cap | $2.6B | $0.8B |
| P/E (trailing) | 11.2 | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EEFT | RMT |
|---|---|---|
| 2022 | -20.8% | -16.8% |
| 2023 | +7.5% | +15.8% |
| 2024 | +1.3% | +14.0% |
| 2025 | -26.0% | +16.1% |
| 2026 | -10.0% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EEFT and RMT good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EEFT and RMT?
The EEFT/RMT correlation stands at 0.50 on a 3-year window (1 year: 0.41, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is RMT a good diversifier for EEFT?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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: EEFT correlations · RMT correlations
