MCFT vs RMT: Correlation
How closely do MasterCraft Boat Holdings, Inc. (MCFT) and Royce Micro-Cap Trust, Inc. (RMT) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCFT and RMT?
Over the past 3 years, MCFT and RMT moved with a correlation of 0.63, which is strong. The past 12 months show a weaker link (0.52) than the 3-year average (0.63). Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 505.9 %².
Among the 22 assets we track against MCFT, RMT ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RMT outperformed by 42.8 percentage points (+5.6% for MCFT against +48.4% for RMT). Note the risk asymmetry: MCFT runs 1.9 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.
MCFT vs RMT: side by side
| MCFT (MasterCraft Boat Holdings, Inc.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +5.6% | +48.4% |
| 5-year return | -7.0% | +80.1% |
| Volatility (ann.) | 39.1% | 20.5% |
| Beta vs S&P 500 | 1.03 | 1.09 |
| Max drawdown (3Y) | -41.1% | -26.4% |
| Market cap | $0.6B | $0.8B |
| P/E (trailing) | 36.1 | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MCFT | RMT |
|---|---|---|
| 2022 | -8.7% | -16.8% |
| 2023 | -12.5% | +15.8% |
| 2024 | -15.8% | +14.0% |
| 2025 | -0.8% | +16.1% |
| 2026 | +27.9% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCFT and RMT good diversifiers for each other?
To a limited degree. At 0.63 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 MCFT and RMT?
The MCFT/RMT correlation stands at 0.63 on a 3-year window (1 year: 0.52, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is RMT a good diversifier for MCFT?
To a limited degree. At 0.63 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 0.63 mean?
A reading of 0.63 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/mcft-vs-rmt.json
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Related comparisons
Hubs: MCFT correlations · RMT correlations
