OPFI vs RMT: Correlation
How closely do OppFi Inc. (OPFI) and Royce Micro-Cap Trust, Inc. (RMT) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPFI and RMT?
On 3 years of weekly data the OPFI/RMT correlation comes out at 0.42, moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.42 over 3. The 5-year figure is 0.38, and annualized covariance runs at 596.9 %².
Among the 10 assets we track against OPFI, RMT ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RMT outperformed by 78.0 percentage points (-29.6% for OPFI against +48.4% for RMT). One caveat on sizing: OPFI is 3.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
OPFI vs RMT: side by side
| OPFI (OppFi Inc.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -29.6% | +48.4% |
| 5-year return | -1.0% | +80.1% |
| Volatility (ann.) | 68.6% | 20.5% |
| Beta vs S&P 500 | 1.38 | 1.09 |
| Max drawdown (3Y) | -59.9% | -26.4% |
| Market cap | $0.6B | $0.8B |
| P/E (trailing) | 2.4 | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OPFI | RMT |
|---|---|---|
| 2022 | -54.8% | -16.8% |
| 2023 | +149.8% | +15.8% |
| 2024 | +56.0% | +14.0% |
| 2025 | +40.9% | +16.1% |
| 2026 | -31.6% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPFI and RMT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between OPFI and RMT?
As of 2026-08-27, the correlation of weekly returns between OPFI and RMT is 0.42 over 3 years, 0.36 over 1 year and 0.38 over 5 years.
Is RMT a good diversifier for OPFI?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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.
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Related comparisons
Hubs: OPFI correlations · RMT correlations
