JILL vs RMT: Correlation
J. Jill, Inc. (JILL) and Royce Micro-Cap Trust, Inc. (RMT) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JILL and RMT?
On 3 years of weekly data the JILL/RMT correlation comes out at 0.48, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.48 over 3. The 5-year figure is 0.43, and annualized covariance runs at 471.7 %².
By 3-year correlation, RMT places #5 of the 14 assets tracked against JILL. Their recent paths diverged sharply: over the last 12 months RMT outperformed by 29.6 percentage points (+18.8% for JILL against +48.4% for RMT). Note the risk asymmetry: JILL runs 2.3 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.
JILL vs RMT: side by side
| JILL (J. Jill, Inc.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +18.8% | +48.4% |
| 5-year return | -1.2% | +80.1% |
| Volatility (ann.) | 47.4% | 20.5% |
| Beta vs S&P 500 | 1.17 | 1.09 |
| Max drawdown (3Y) | -71.5% | -26.4% |
| Market cap | $0.3B | $0.8B |
| P/E (trailing) | 14.5 | 8.5 |
| Dividend yield | 1.66% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JILL | RMT |
|---|---|---|
| 2022 | +29.3% | -16.8% |
| 2023 | +4.0% | +15.8% |
| 2024 | +7.9% | +14.0% |
| 2025 | -49.3% | +16.1% |
| 2026 | +46.5% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JILL and RMT good diversifiers for each other?
Reasonably. At 0.48, JILL and RMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JILL and RMT?
The JILL/RMT correlation stands at 0.48 on a 3-year window (1 year: 0.40, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is RMT a good diversifier for JILL?
Reasonably. At 0.48, JILL and RMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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: JILL correlations · RMT correlations
