HROW vs RMT: Correlation
Harrow, Inc. (HROW) and Royce Micro-Cap Trust, Inc. (RMT) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HROW and RMT?
Across a 3-year window, the weekly returns of HROW and RMT correlate at 0.41, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.41 over 3. Stretching to 5 years gives 0.38, with an annualized covariance of 635.3 %².
Within HROW's tracked universe of 11 assets, RMT comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RMT ahead by 49.0 points (-0.6% versus +48.4%). Risk is not evenly split, since HROW carries 3.7 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.
HROW vs RMT: side by side
| HROW (Harrow, Inc.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -0.6% | +48.4% |
| 5-year return | +288.9% | +80.1% |
| Volatility (ann.) | 75.0% | 20.5% |
| Beta vs S&P 500 | 1.98 | 1.09 |
| Max drawdown (3Y) | -61.4% | -26.4% |
| Market cap | $1.4B | $0.8B |
| P/E (trailing) | – | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HROW | RMT |
|---|---|---|
| 2022 | +70.8% | -16.8% |
| 2023 | -24.1% | +15.8% |
| 2024 | +199.6% | +14.0% |
| 2025 | +46.1% | +16.1% |
| 2026 | -21.3% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HROW and RMT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HROW and RMT?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.48 over the last year and 0.38 over 5 years.
Is RMT a good diversifier for HROW?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/hrow-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hrow-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HROW correlations · RMT correlations
