GNRC vs RMT: Correlation
How closely do Generac (GNRC) and Royce Micro-Cap Trust, Inc. (RMT) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNRC and RMT?
On 3 years of weekly data the GNRC/RMT correlation comes out at 0.55, moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. The 5-year figure is 0.53, and annualized covariance runs at 522.4 %².
Within GNRC's tracked universe of 35 assets, RMT comes in at #4 by 3-year correlation. The last year tells two different stories: RMT led by 42.9 percentage points, +5.5% for GNRC against +48.4% for RMT. Risk is not evenly split, since GNRC carries 2.2 times the volatility of the other side.
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.
GNRC vs RMT: side by side
| GNRC (Generac) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +5.5% | +48.4% |
| 5-year return | -55.4% | +80.1% |
| Volatility (ann.) | 46.1% | 20.5% |
| Beta vs S&P 500 | 1.35 | 1.09 |
| Max drawdown (3Y) | -47.8% | -26.4% |
| Market cap | $11.6B | $0.8B |
| P/E (trailing) | 47.4 | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | GNRC | RMT |
|---|---|---|
| 2022 | -71.4% | -16.8% |
| 2023 | +28.4% | +15.8% |
| 2024 | +20.0% | +14.0% |
| 2025 | -12.0% | +16.1% |
| 2026 | +44.7% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNRC and RMT good diversifiers for each other?
Only partially. A correlation of 0.55 means GNRC 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 GNRC and RMT?
As of 2026-08-27, the correlation of weekly returns between GNRC and RMT is 0.55 over 3 years, 0.53 over 1 year and 0.53 over 5 years.
Is RMT a good diversifier for GNRC?
Only partially. A correlation of 0.55 means GNRC 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 0.55 mean?
On the −1 to +1 scale, 0.55 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/gnrc-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gnrc-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GNRC correlations · RMT correlations
