OSW vs RMT: Correlation
OneSpaWorld Holdings Limited (OSW) and Royce Micro-Cap Trust, Inc. (RMT) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OSW and RMT?
Over the past 3 years, OSW and RMT moved with a correlation of 0.52, which is moderate. The link has loosened recently: the 1-year correlation (0.38) runs below the 3-year figure (0.52). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 333.3 %².
By 3-year correlation, RMT places #5 of the 10 assets tracked against OSW. Correlation aside, the last 12 months split them widely, with RMT ahead by 33.2 points (+15.2% versus +48.4%). Note the risk asymmetry: OSW runs 1.5 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.
OSW vs RMT: side by side
| OSW (OneSpaWorld Holdings Limited) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +15.2% | +48.4% |
| 5-year return | +153.8% | +80.1% |
| Volatility (ann.) | 31.3% | 20.5% |
| Beta vs S&P 500 | 0.89 | 1.09 |
| Max drawdown (3Y) | -34.6% | -26.4% |
| Market cap | $2.7B | $0.8B |
| P/E (trailing) | 33.1 | 8.5 |
| Dividend yield | 0.72% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OSW | RMT |
|---|---|---|
| 2022 | -6.9% | -16.8% |
| 2023 | +51.1% | +15.8% |
| 2024 | +41.8% | +14.0% |
| 2025 | +5.1% | +16.1% |
| 2026 | +27.0% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OSW and RMT good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between OSW and RMT?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.38 over the last year and 0.48 over 5 years.
Is RMT a good diversifier for OSW?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 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/osw-vs-rmt.json
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Related comparisons
Hubs: OSW correlations · RMT correlations
