RGT vs STNE: Correlation
How closely do Royce Global Trust, Inc. (RGT) and StoneCo Ltd. - Class A Common Share (STNE) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RGT and STNE?
Across a 3-year window, the weekly returns of RGT and STNE correlate at 0.54, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.54 over 3. Stretching to 5 years gives 0.50, with an annualized covariance of 445.0 %².
Within RGT's tracked universe of 23 assets, STNE comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RGT outperformed by 51.4 percentage points (+24.1% for RGT against -27.3% for STNE). One caveat on sizing: STNE is 2.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
RGT vs STNE: side by side
| RGT (Royce Global Trust, Inc.) | STNE (StoneCo Ltd. - Class A Common Share) | |
|---|---|---|
| 1-year return | +24.1% | -27.3% |
| 5-year return | +25.5% | -76.6% |
| Volatility (ann.) | 17.0% | 48.1% |
| Beta vs S&P 500 | 0.91 | 1.41 |
| Max drawdown (3Y) | -19.0% | -57.6% |
| Market cap | $0.1B | $2.2B |
| P/E (trailing) | 5.4 | 3.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RGT | STNE |
|---|---|---|
| 2022 | -33.1% | -44.0% |
| 2023 | +14.6% | +91.0% |
| 2024 | +14.4% | -55.8% |
| 2025 | +24.1% | +85.6% |
| 2026 | +18.5% | -21.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RGT and STNE good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RGT and STNE?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.49 over the last year and 0.50 over 5 years.
Is STNE a good diversifier for RGT?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 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/rgt-vs-stne.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rgt-vs-stne/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RGT correlations · STNE correlations
