KMDA vs RGT: Correlation
How closely do Kamada Ltd. (KMDA) and Royce Global Trust, Inc. (RGT) 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 KMDA and RGT?
On 3 years of weekly data the KMDA/RGT correlation comes out at 0.43, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.43 over 3. The 5-year figure is 0.38, and annualized covariance runs at 270.6 %².
RGT is one of the assets that tracks KMDA most closely: it ranks #3 out of the 13 assets we track against KMDA. Their 12-month results are close: +19.4% for KMDA against +24.1% for RGT. One caveat on sizing: KMDA is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
KMDA vs RGT: side by side
| KMDA (Kamada Ltd.) | RGT (Royce Global Trust, Inc.) | |
|---|---|---|
| 1-year return | +19.4% | +24.1% |
| 5-year return | +62.4% | +25.5% |
| Volatility (ann.) | 36.7% | 17.0% |
| Beta vs S&P 500 | 0.75 | 0.91 |
| Max drawdown (3Y) | -28.9% | -19.0% |
| Market cap | $0.5B | $0.1B |
| P/E (trailing) | 22.3 | 5.4 |
| Dividend yield | 3.05% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KMDA | RGT |
|---|---|---|
| 2022 | -39.1% | -33.1% |
| 2023 | +52.6% | +14.6% |
| 2024 | -0.5% | +14.4% |
| 2025 | +19.2% | +24.1% |
| 2026 | +20.5% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KMDA and RGT 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 KMDA and RGT?
As of 2026-08-27, the correlation of weekly returns between KMDA and RGT is 0.43 over 3 years, 0.43 over 1 year and 0.38 over 5 years.
Is RGT a good diversifier for KMDA?
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?
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.
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Related comparisons
Hubs: KMDA correlations · RGT correlations
