KE vs RMT: Correlation
How closely do Kimball Electronics, Inc. (KE) and Royce Micro-Cap Trust, Inc. (RMT) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KE and RMT?
Over the past 3 years, KE and RMT moved with a correlation of 0.57, which is moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.57 over 3. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 487.2 %².
In KE's tracked universe of 18 assets, RMT sits right near the top at #3. Correlation aside, the last 12 months split them widely, with RMT ahead by 63.4 points (-15.0% versus +48.4%). Note the risk asymmetry: KE 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.
KE vs RMT: side by side
| KE (Kimball Electronics, Inc.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -15.0% | +48.4% |
| 5-year return | +0.6% | +80.1% |
| Volatility (ann.) | 42.0% | 20.5% |
| Beta vs S&P 500 | 1.22 | 1.09 |
| Max drawdown (3Y) | -58.5% | -26.4% |
| Market cap | $0.6B | $0.8B |
| P/E (trailing) | 21.3 | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KE | RMT |
|---|---|---|
| 2022 | +3.8% | -16.8% |
| 2023 | +19.3% | +15.8% |
| 2024 | -30.5% | +14.0% |
| 2025 | +48.5% | +16.1% |
| 2026 | -13.4% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KE and RMT good diversifiers for each other?
To a limited degree. At 0.57 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 KE and RMT?
As of 2026-08-27, the correlation of weekly returns between KE and RMT is 0.57 over 3 years, 0.55 over 1 year and 0.57 over 5 years.
Is RMT a good diversifier for KE?
To a limited degree. At 0.57 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 0.57 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/ke-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ke-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KE correlations · RMT correlations
