FOXF vs RMT: Correlation
Measured on weekly returns over the past three years, Fox Factory Holding Corp. (FOXF) and Royce Micro-Cap Trust, Inc. (RMT) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOXF and RMT?
Across a 3-year window, the weekly returns of FOXF and RMT correlate at 0.52, moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.52 over 3. Stretching to 5 years gives 0.58, with an annualized covariance of 554.8 %².
By 3-year correlation, RMT places #5 of the 13 assets tracked against FOXF. Their recent paths diverged sharply: over the last 12 months RMT outperformed by 77.4 percentage points (-29.0% for FOXF against +48.4% for RMT). Note the risk asymmetry: FOXF runs 2.5 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.
FOXF vs RMT: side by side
| FOXF (Fox Factory Holding Corp.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -29.0% | +48.4% |
| 5-year return | -86.3% | +80.1% |
| Volatility (ann.) | 52.1% | 20.5% |
| Beta vs S&P 500 | 1.04 | 1.09 |
| Max drawdown (3Y) | -88.1% | -26.4% |
| Market cap | $0.9B | $0.8B |
| P/E (trailing) | – | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FOXF | RMT |
|---|---|---|
| 2022 | -46.4% | -16.8% |
| 2023 | -26.0% | +15.8% |
| 2024 | -55.1% | +14.0% |
| 2025 | -43.5% | +16.1% |
| 2026 | +23.3% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOXF and RMT good diversifiers for each other?
Only partially. A correlation of 0.52 means FOXF 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 FOXF and RMT?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.53 over the last year and 0.58 over 5 years.
Is RMT a good diversifier for FOXF?
Only partially. A correlation of 0.52 means FOXF 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 0.52 mean?
On the −1 to +1 scale, 0.52 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/foxf-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/foxf-vs-rmt/)
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Related comparisons
Hubs: FOXF correlations · RMT correlations
