LYTS vs RMT: Correlation
LSI Industries Inc. (LYTS) and Royce Micro-Cap Trust, Inc. (RMT) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYTS and RMT?
Across a 3-year window, the weekly returns of LYTS and RMT correlate at 0.62, strong. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 490.8 %².
In LYTS's tracked universe of 12 assets, RMT sits right near the top at #1. Correlation aside, the last 12 months split them widely, with RMT ahead by 58.4 points (-10.0% versus +48.4%). Risk is not evenly split, since LYTS carries 1.9 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.
LYTS vs RMT: side by side
| LYTS (LSI Industries Inc.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -10.0% | +48.4% |
| 5-year return | +167.4% | +80.1% |
| Volatility (ann.) | 38.6% | 20.5% |
| Beta vs S&P 500 | 1.13 | 1.09 |
| Max drawdown (3Y) | -40.6% | -26.4% |
| Market cap | $0.7B | $0.8B |
| P/E (trailing) | 30.1 | 8.5 |
| Dividend yield | 0.99% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LYTS | RMT |
|---|---|---|
| 2022 | +82.9% | -16.8% |
| 2023 | +16.8% | +15.8% |
| 2024 | +39.7% | +14.0% |
| 2025 | -4.7% | +16.1% |
| 2026 | +10.6% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYTS and RMT good diversifiers for each other?
To a limited degree. At 0.62 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 LYTS and RMT?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.65 over the last year and 0.41 over 5 years.
Is RMT a good diversifier for LYTS?
To a limited degree. At 0.62 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 0.62 mean?
On the −1 to +1 scale, 0.62 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lyts-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lyts-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LYTS correlations · RMT correlations
