INVE vs RMT: Correlation
Identiv, Inc. (INVE) and Royce Micro-Cap Trust, Inc. (RMT) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INVE and RMT?
On 3 years of weekly data the INVE/RMT correlation comes out at 0.37, moderate. The past 12 months show a weaker link (0.20) than the 3-year average (0.37). The 5-year figure is 0.44, and annualized covariance runs at 410.5 %².
By 3-year correlation, RMT places #4 of the 12 assets tracked against INVE. The last year tells two different stories: RMT led by 71.8 percentage points, -23.4% for INVE against +48.4% for RMT. Note the risk asymmetry: INVE runs 2.7 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.
INVE vs RMT: side by side
| INVE (Identiv, Inc.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -23.4% | +48.4% |
| 5-year return | -83.7% | +80.1% |
| Volatility (ann.) | 54.6% | 20.5% |
| Beta vs S&P 500 | 1.05 | 1.09 |
| Max drawdown (3Y) | -72.2% | -26.4% |
| Market cap | $0.1B | $0.8B |
| P/E (trailing) | – | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INVE | RMT |
|---|---|---|
| 2022 | -74.3% | -16.8% |
| 2023 | +13.8% | +15.8% |
| 2024 | -55.6% | +14.0% |
| 2025 | +4.9% | +16.1% |
| 2026 | -26.8% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INVE and RMT good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between INVE and RMT?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.20 over the last year and 0.44 over 5 years.
Is RMT a good diversifier for INVE?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 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/inve-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/inve-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: INVE correlations · RMT correlations
