REZI vs RMT: Correlation
How closely do Resideo Technologies, Inc. (REZI) and Royce Micro-Cap Trust, Inc. (RMT) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REZI and RMT?
Across a 3-year window, the weekly returns of REZI and RMT correlate at 0.63, strong. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Stretching to 5 years gives 0.60, with an annualized covariance of 629.1 %².
RMT is one of the assets that tracks REZI most closely: it ranks #1 out of the 20 assets we track against REZI. Their recent paths diverged sharply: over the last 12 months RMT outperformed by 65.7 percentage points (-17.3% for REZI against +48.4% for RMT). Risk is not evenly split, since REZI carries 2.4 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.
REZI vs RMT: side by side
| REZI (Resideo Technologies, Inc.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -17.3% | +48.4% |
| 5-year return | -11.7% | +80.1% |
| Volatility (ann.) | 48.9% | 20.5% |
| Beta vs S&P 500 | 1.58 | 1.09 |
| Max drawdown (3Y) | -47.1% | -26.4% |
| Market cap | $3.0B | $0.8B |
| P/E (trailing) | 7.8 | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | REZI | RMT |
|---|---|---|
| 2022 | -36.8% | -16.8% |
| 2023 | +14.4% | +15.8% |
| 2024 | +22.5% | +14.0% |
| 2025 | +52.4% | +16.1% |
| 2026 | -18.2% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REZI and RMT good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between REZI and RMT?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.57 over the last year and 0.60 over 5 years.
Is RMT a good diversifier for REZI?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 mean?
A reading of 0.63 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: REZI correlations · RMT correlations
