KEYS vs RMT: Correlation
How closely do Keysight Technologies (KEYS) and Royce Micro-Cap Trust, Inc. (RMT) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KEYS and RMT?
On 3 years of weekly data the KEYS/RMT correlation comes out at 0.65, strong. The link has loosened recently: the 1-year correlation (0.51) runs below the 3-year figure (0.65). The 5-year figure is 0.64, and annualized covariance runs at 493.1 %².
Within KEYS's tracked universe of 43 assets, RMT comes in at #5 by 3-year correlation. The last year tells two different stories: KEYS led by 49.0 percentage points, +97.4% for KEYS against +48.4% for RMT. Risk is not evenly split, since KEYS carries 1.8 times the volatility of the other side.
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.
KEYS vs RMT: side by side
| KEYS (Keysight Technologies) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +97.4% | +48.4% |
| 5-year return | +81.9% | +80.1% |
| Volatility (ann.) | 36.8% | 20.5% |
| Beta vs S&P 500 | 1.58 | 1.09 |
| Max drawdown (3Y) | -31.4% | -26.4% |
| Market cap | $55.5B | $0.8B |
| P/E (trailing) | 43.5 | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | KEYS | RMT |
|---|---|---|
| 2022 | -17.2% | -16.8% |
| 2023 | -7.0% | +15.8% |
| 2024 | +1.0% | +14.0% |
| 2025 | +26.5% | +16.1% |
| 2026 | +60.4% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEYS and RMT good diversifiers for each other?
To a limited degree. At 0.65 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 KEYS and RMT?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.51 over the last year and 0.64 over 5 years.
Is RMT a good diversifier for KEYS?
To a limited degree. At 0.65 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 0.65 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/keys-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/keys-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KEYS correlations · RMT correlations
