ORIO vs RMT: Correlation
Measured on weekly returns over the past three years, Orion Digital Corp. (ORIO) and Royce Micro-Cap Trust, Inc. (RMT) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORIO and RMT?
Over the past 3 years, ORIO and RMT moved with a correlation of 0.49, which is moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 807.7 %².
By 3-year correlation, RMT places #5 of the 13 assets tracked against ORIO. Correlation aside, the last 12 months split them widely, with RMT ahead by 103.1 points (-54.7% versus +48.4%). Risk is not evenly split, since ORIO carries 3.9 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.
ORIO vs RMT: side by side
| ORIO (Orion Digital Corp.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -54.7% | +48.4% |
| 5-year return | -94.6% | +80.1% |
| Volatility (ann.) | 79.6% | 20.5% |
| Beta vs S&P 500 | 2.19 | 1.09 |
| Max drawdown (3Y) | -75.9% | -26.4% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ORIO | RMT |
|---|---|---|
| 2022 | -84.5% | -16.8% |
| 2023 | +15.9% | +15.8% |
| 2024 | -26.1% | +14.0% |
| 2025 | -21.3% | +16.1% |
| 2026 | -18.7% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORIO and RMT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ORIO and RMT?
The ORIO/RMT correlation stands at 0.49 on a 3-year window (1 year: 0.49, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is RMT a good diversifier for ORIO?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 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/orio-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/orio-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ORIO correlations · RMT correlations
