KN vs RMT: Correlation
Measured on weekly returns over the past three years, Knowles Corporation (KN) and Royce Micro-Cap Trust, Inc. (RMT) carry a correlation of 0.73, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KN and RMT?
Across a 3-year window, the weekly returns of KN and RMT correlate at 0.73, strong. Recent behaviour matches the longer record: 0.65 over 1 year against 0.73 over 3. Stretching to 5 years gives 0.66, with an annualized covariance of 547.9 %².
By 3-year correlation, RMT places #4 of the 30 assets tracked against KN. Over the last 12 months KN came out ahead by 13.5 percentage points (+61.9% against +48.4%). Risk is not evenly split, since KN 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.
KN vs RMT: side by side
| KN (Knowles Corporation) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +61.9% | +48.4% |
| 5-year return | +73.8% | +80.1% |
| Volatility (ann.) | 36.5% | 20.5% |
| Beta vs S&P 500 | 1.65 | 1.09 |
| Max drawdown (3Y) | -38.0% | -26.4% |
| Market cap | $3.0B | $0.8B |
| P/E (trailing) | 41.1 | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KN | RMT |
|---|---|---|
| 2022 | -29.7% | -16.8% |
| 2023 | +9.1% | +15.8% |
| 2024 | +11.3% | +14.0% |
| 2025 | +7.5% | +16.1% |
| 2026 | +63.1% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KN and RMT good diversifiers for each other?
To a limited degree. At 0.73 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 KN and RMT?
As of 2026-08-27, the correlation of weekly returns between KN and RMT is 0.73 over 3 years, 0.65 over 1 year and 0.66 over 5 years.
Is RMT a good diversifier for KN?
To a limited degree. At 0.73 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 0.73 mean?
A reading of 0.73 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kn-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kn-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KN correlations · RMT correlations
