EMR vs RMT: Correlation
Measured on weekly returns over the past three years, Emerson Electric (EMR) and Royce Micro-Cap Trust, Inc. (RMT) carry a correlation of 0.72, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMR and RMT?
Over the past 3 years, EMR and RMT moved with a correlation of 0.72, which is strong. Little has changed lately, as the 1-year reading of 0.67 lands near the 3-year figure. Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 419.5 %².
Within EMR's tracked universe of 47 assets, RMT comes in at #4 by 3-year correlation. The last year tells two different stories: RMT led by 28.4 percentage points, +20.0% for EMR against +48.4% for RMT.
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.
EMR vs RMT: side by side
| EMR (Emerson Electric) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +20.0% | +48.4% |
| 5-year return | +65.4% | +80.1% |
| Volatility (ann.) | 28.3% | 20.5% |
| Beta vs S&P 500 | 1.29 | 1.09 |
| Max drawdown (3Y) | -29.6% | -26.4% |
| Market cap | $88.0B | $0.8B |
| P/E (trailing) | 34.5 | 8.5 |
| Dividend yield | 1.39% | 5.57% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EMR | RMT |
|---|---|---|
| 2022 | +5.7% | -16.8% |
| 2023 | +3.8% | +15.8% |
| 2024 | +29.7% | +14.0% |
| 2025 | +8.9% | +16.1% |
| 2026 | +20.2% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMR and RMT good diversifiers for each other?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EMR and RMT?
As of 2026-08-27, the correlation of weekly returns between EMR and RMT is 0.72 over 3 years, 0.67 over 1 year and 0.71 over 5 years.
Is RMT a good diversifier for EMR?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.72 mean?
On the −1 to +1 scale, 0.72 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/emr-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/emr-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EMR correlations · RMT correlations
