ORIC vs RMT: Correlation
Measured on weekly returns over the past three years, Oric Pharmaceuticals, Inc. (ORIC) and Royce Micro-Cap Trust, Inc. (RMT) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORIC and RMT?
On 3 years of weekly data the ORIC/RMT correlation comes out at 0.41, moderate. The relationship has been stable: the 1-year correlation (0.31) sits close to the 3-year figure. The 5-year figure is 0.31, and annualized covariance runs at 687.5 %².
In ORIC's tracked universe of 11 assets, RMT sits right near the top at #3. The trailing year gives RMT the advantage: +33.9% versus +48.4%, a 14.5-point spread. Risk is not evenly split, since ORIC carries 4.0 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.
ORIC vs RMT: side by side
| ORIC (Oric Pharmaceuticals, Inc.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +33.9% | +48.4% |
| 5-year return | -38.1% | +80.1% |
| Volatility (ann.) | 82.6% | 20.5% |
| Beta vs S&P 500 | 1.30 | 1.09 |
| Max drawdown (3Y) | -73.5% | -26.4% |
| Market cap | $1.4B | $0.8B |
| P/E (trailing) | – | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ORIC | RMT |
|---|---|---|
| 2022 | -59.9% | -16.8% |
| 2023 | +56.2% | +15.8% |
| 2024 | -12.3% | +14.0% |
| 2025 | +1.4% | +16.1% |
| 2026 | +68.0% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORIC and RMT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ORIC and RMT?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.31 over the last year and 0.31 over 5 years.
Is RMT a good diversifier for ORIC?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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/oric-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/oric-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ORIC correlations · RMT correlations
