MNTK vs RMT: Correlation
Montauk Renewables, Inc. (MNTK) and Royce Micro-Cap Trust, Inc. (RMT) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNTK and RMT?
Across a 3-year window, the weekly returns of MNTK and RMT correlate at 0.43, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.43 over 3 years. Stretching to 5 years gives 0.34, with an annualized covariance of 660.8 %².
Within MNTK's tracked universe of 11 assets, RMT comes in at #4 by 3-year correlation. The last year tells two different stories: RMT led by 66.2 percentage points, -17.8% for MNTK against +48.4% for RMT. Risk is not evenly split, since MNTK carries 3.6 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.
MNTK vs RMT: side by side
| MNTK (Montauk Renewables, Inc.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -17.8% | +48.4% |
| 5-year return | -78.7% | +80.1% |
| Volatility (ann.) | 74.0% | 20.5% |
| Beta vs S&P 500 | 1.62 | 1.09 |
| Max drawdown (3Y) | -89.6% | -26.4% |
| Market cap | $0.3B | $0.8B |
| P/E (trailing) | 36.0 | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNTK | RMT |
|---|---|---|
| 2022 | +7.6% | -16.8% |
| 2023 | -19.2% | +15.8% |
| 2024 | -55.3% | +14.0% |
| 2025 | -58.0% | +16.1% |
| 2026 | +7.8% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNTK and RMT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MNTK and RMT?
The MNTK/RMT correlation stands at 0.43 on a 3-year window (1 year: 0.24, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is RMT a good diversifier for MNTK?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/mntk-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mntk-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MNTK correlations · RMT correlations
