RGT vs TSQ: Correlation
How closely do Royce Global Trust, Inc. (RGT) and Townsquare Media, Inc. (TSQ) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RGT and TSQ?
Across a 3-year window, the weekly returns of RGT and TSQ correlate at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 362.5 %².
Within RGT's tracked universe of 23 assets, TSQ comes in at #11 by 3-year correlation. The last year tells two different stories: RGT led by 29.5 percentage points, +24.1% for RGT against -5.4% for TSQ. Note the risk asymmetry: TSQ runs 2.5 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.
RGT vs TSQ: side by side
| RGT (Royce Global Trust, Inc.) | TSQ (Townsquare Media, Inc.) | |
|---|---|---|
| 1-year return | +24.1% | -5.4% |
| 5-year return | +25.5% | -37.3% |
| Volatility (ann.) | 17.0% | 41.8% |
| Beta vs S&P 500 | 0.91 | 1.17 |
| Max drawdown (3Y) | -19.0% | -61.7% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 5.4 | – |
| Dividend yield | 0.00% | 13.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RGT | TSQ |
|---|---|---|
| 2022 | -33.1% | -45.6% |
| 2023 | +14.6% | +57.3% |
| 2024 | +14.4% | -9.3% |
| 2025 | +24.1% | -37.4% |
| 2026 | +18.5% | +24.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RGT and TSQ good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between RGT and TSQ?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.58 over the last year and 0.41 over 5 years.
Is TSQ a good diversifier for RGT?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
A reading of 0.51 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
$ curl https://www.pairbook.io/api/v1/pairs/rgt-vs-tsq.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rgt-vs-tsq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RGT correlations · TSQ correlations
