INSG vs RMT: Correlation
Measured on weekly returns over the past three years, Inseego Corp. (INSG) and Royce Micro-Cap Trust, Inc. (RMT) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INSG and RMT?
Across a 3-year window, the weekly returns of INSG and RMT correlate at 0.40, moderate. Recent behaviour matches the longer record: 0.31 over 1 year against 0.40 over 3. Stretching to 5 years gives 0.40, with an annualized covariance of 825.2 %².
Few assets follow INSG as closely as RMT, which ranks #2 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with RMT ahead by 112.8 points (-64.4% versus +48.4%). Note the risk asymmetry: INSG runs 4.9 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.
INSG vs RMT: side by side
| INSG (Inseego Corp.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -64.4% | +48.4% |
| 5-year return | -94.8% | +80.1% |
| Volatility (ann.) | 100.6% | 20.5% |
| Beta vs S&P 500 | 2.19 | 1.09 |
| Max drawdown (3Y) | -80.2% | -26.4% |
| Market cap | $0.1B | $0.8B |
| P/E (trailing) | 31.4 | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INSG | RMT |
|---|---|---|
| 2022 | -85.6% | -16.8% |
| 2023 | -73.8% | +15.8% |
| 2024 | +366.4% | +14.0% |
| 2025 | +0.1% | +16.1% |
| 2026 | -57.2% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INSG and RMT good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between INSG and RMT?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.31 over the last year and 0.40 over 5 years.
Is RMT a good diversifier for INSG?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/insg-vs-rmt.json
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Related comparisons
Hubs: INSG correlations · RMT correlations
