NVEC vs RMT: Correlation
How closely do NVE Corporation (NVEC) and Royce Micro-Cap Trust, Inc. (RMT) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVEC and RMT?
Over the past 3 years, NVEC and RMT moved with a correlation of 0.48, which is moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.48 over 3. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 439.6 %².
By 3-year correlation, RMT places #4 of the 10 assets tracked against NVEC. Their recent paths diverged sharply: over the last 12 months NVEC outperformed by 25.3 percentage points (+73.7% for NVEC against +48.4% for RMT). Risk is not evenly split, since NVEC carries 2.2 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.
NVEC vs RMT: side by side
| NVEC (NVE Corporation) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +73.7% | +48.4% |
| 5-year return | +103.2% | +80.1% |
| Volatility (ann.) | 44.5% | 20.5% |
| Beta vs S&P 500 | 1.14 | 1.09 |
| Max drawdown (3Y) | -37.7% | -26.4% |
| Market cap | $0.5B | $0.8B |
| P/E (trailing) | 28.8 | 8.5 |
| Dividend yield | 3.73% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVEC | RMT |
|---|---|---|
| 2022 | +1.9% | -16.8% |
| 2023 | +27.7% | +15.8% |
| 2024 | +9.2% | +14.0% |
| 2025 | -22.7% | +16.1% |
| 2026 | +86.9% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVEC and RMT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NVEC and RMT?
As of 2026-08-27, the correlation of weekly returns between NVEC and RMT is 0.48 over 3 years, 0.39 over 1 year and 0.48 over 5 years.
Is RMT a good diversifier for NVEC?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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
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Related comparisons
Hubs: NVEC correlations · RMT correlations
