PMTS vs RMT: Correlation
Measured on weekly returns over the past three years, CPI Card Group Inc. (PMTS) and Royce Micro-Cap Trust, Inc. (RMT) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PMTS and RMT?
Over the past 3 years, PMTS and RMT moved with a correlation of 0.45, which is moderate. The link has loosened recently: the 1-year correlation (0.34) runs below the 3-year figure (0.45). Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 608.7 %².
Among the 12 assets we track against PMTS, RMT ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PMTS ahead by 38.1 points (+86.5% versus +48.4%). Risk is not evenly split, since PMTS carries 3.2 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.
PMTS vs RMT: side by side
| PMTS (CPI Card Group Inc.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +86.5% | +48.4% |
| 5-year return | +3.4% | +80.1% |
| Volatility (ann.) | 65.4% | 20.5% |
| Beta vs S&P 500 | 1.51 | 1.09 |
| Max drawdown (3Y) | -67.1% | -26.4% |
| Market cap | $0.3B | $0.8B |
| P/E (trailing) | 25.2 | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PMTS | RMT |
|---|---|---|
| 2022 | +94.5% | -16.8% |
| 2023 | -46.8% | +15.8% |
| 2024 | +55.8% | +14.0% |
| 2025 | -50.9% | +16.1% |
| 2026 | +97.2% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PMTS and RMT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PMTS and RMT?
As of 2026-08-27, the correlation of weekly returns between PMTS and RMT is 0.45 over 3 years, 0.34 over 1 year and 0.37 over 5 years.
Is RMT a good diversifier for PMTS?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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: PMTS correlations · RMT correlations
