MRCY vs RMT: Correlation
Measured on weekly returns over the past three years, Mercury Systems Inc (MRCY) and Royce Micro-Cap Trust, Inc. (RMT) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRCY and RMT?
Over the past 3 years, MRCY and RMT moved with a correlation of 0.51, which is moderate. The past 12 months show a tighter link (0.62) than the 3-year average (0.51). Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 511.4 %².
Few assets follow MRCY as closely as RMT, which ranks #2 of 16 tracked partners. The last year tells two different stories: RMT led by 15.6 percentage points, +32.8% for MRCY against +48.4% for RMT. Note the risk asymmetry: MRCY runs 2.4 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.
MRCY vs RMT: side by side
| MRCY (Mercury Systems Inc) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +32.8% | +48.4% |
| 5-year return | +79.4% | +80.1% |
| Volatility (ann.) | 48.8% | 20.5% |
| Beta vs S&P 500 | 1.23 | 1.09 |
| Max drawdown (3Y) | -35.0% | -26.4% |
| Market cap | $5.4B | $0.8B |
| P/E (trailing) | – | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MRCY | RMT |
|---|---|---|
| 2022 | -18.7% | -16.8% |
| 2023 | -18.3% | +15.8% |
| 2024 | +14.8% | +14.0% |
| 2025 | +73.8% | +16.1% |
| 2026 | +23.9% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRCY and RMT good diversifiers for each other?
To a limited degree. At 0.51 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 MRCY and RMT?
The MRCY/RMT correlation stands at 0.51 on a 3-year window (1 year: 0.62, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is RMT a good diversifier for MRCY?
To a limited degree. At 0.51 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 0.51 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mrcy-vs-rmt.json
Markdown for the live badge, attribution link included:
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Related comparisons
Hubs: MRCY correlations · RMT correlations
