JYNT vs RMT: Correlation
How closely do The Joint Corp. (JYNT) and Royce Micro-Cap Trust, Inc. (RMT) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JYNT and RMT?
On 3 years of weekly data the JYNT/RMT correlation comes out at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 374.1 %².
Among the 12 assets we track against JYNT, RMT ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RMT outperformed by 69.8 percentage points (-21.4% for JYNT against +48.4% for RMT). Note the risk asymmetry: JYNT runs 2.0 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.
JYNT vs RMT: side by side
| JYNT (The Joint Corp.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -21.4% | +48.4% |
| 5-year return | -91.8% | +80.1% |
| Volatility (ann.) | 41.9% | 20.5% |
| Beta vs S&P 500 | 0.98 | 1.09 |
| Max drawdown (3Y) | -56.6% | -26.4% |
| Market cap | $0.1B | $0.8B |
| P/E (trailing) | 60.1 | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JYNT | RMT |
|---|---|---|
| 2022 | -78.7% | -16.8% |
| 2023 | -31.3% | +15.8% |
| 2024 | +10.6% | +14.0% |
| 2025 | -18.0% | +16.1% |
| 2026 | -3.6% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JYNT and RMT good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between JYNT and RMT?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.42 over the last year and 0.46 over 5 years.
Is RMT a good diversifier for JYNT?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Hubs: JYNT correlations · RMT correlations
