INMD vs RGT: Correlation
How closely do InMode Ltd. (INMD) and Royce Global Trust, Inc. (RGT) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INMD and RGT?
Across a 3-year window, the weekly returns of INMD and RGT correlate at 0.50, moderate. The past 12 months show a weaker link (0.26) than the 3-year average (0.50). Stretching to 5 years gives 0.49, with an annualized covariance of 332.3 %².
By 3-year correlation, RGT places #4 of the 14 assets tracked against INMD. Correlation aside, the last 12 months split them widely, with RGT ahead by 26.4 points (-2.3% versus +24.1%). Risk is not evenly split, since INMD carries 2.3 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.
INMD vs RGT: side by side
| INMD (InMode Ltd.) | RGT (Royce Global Trust, Inc.) | |
|---|---|---|
| 1-year return | -2.3% | +24.1% |
| 5-year return | -77.7% | +25.5% |
| Volatility (ann.) | 38.9% | 17.0% |
| Beta vs S&P 500 | 1.09 | 0.91 |
| Max drawdown (3Y) | -68.2% | -19.0% |
| Market cap | $0.9B | $0.1B |
| P/E (trailing) | 12.4 | 5.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INMD | RGT |
|---|---|---|
| 2022 | -49.4% | -33.1% |
| 2023 | -37.7% | +14.6% |
| 2024 | -24.9% | +14.4% |
| 2025 | -12.0% | +24.1% |
| 2026 | +1.0% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INMD and RGT good diversifiers for each other?
To a limited degree. At 0.50 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 INMD and RGT?
As of 2026-08-27, the correlation of weekly returns between INMD and RGT is 0.50 over 3 years, 0.26 over 1 year and 0.49 over 5 years.
Is RGT a good diversifier for INMD?
To a limited degree. At 0.50 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 0.50 mean?
On the −1 to +1 scale, 0.50 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.
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Related comparisons
Hubs: INMD correlations · RGT correlations
