RH vs RMT: Correlation
How closely do RH (RH) and Royce Micro-Cap Trust, Inc. (RMT) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RH and RMT?
On 3 years of weekly data the RH/RMT correlation comes out at 0.65, strong. Recent behaviour matches the longer record: 0.56 over 1 year against 0.65 over 3. The 5-year figure is 0.62, and annualized covariance runs at 897.9 %².
Within RH's tracked universe of 16 assets, RMT comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RMT ahead by 84.9 points (-36.5% versus +48.4%). Risk is not evenly split, since RH carries 3.3 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.
RH vs RMT: side by side
| RH (RH) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -36.5% | +48.4% |
| 5-year return | -79.8% | +80.1% |
| Volatility (ann.) | 67.4% | 20.5% |
| Beta vs S&P 500 | 2.60 | 1.09 |
| Max drawdown (3Y) | -75.2% | -26.4% |
| Market cap | $2.7B | $0.8B |
| P/E (trailing) | 28.7 | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RH | RMT |
|---|---|---|
| 2022 | -50.1% | -16.8% |
| 2023 | +9.1% | +15.8% |
| 2024 | +35.0% | +14.0% |
| 2025 | -54.5% | +16.1% |
| 2026 | -19.2% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RH and RMT good diversifiers for each other?
To a limited degree. At 0.65 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 RH and RMT?
As of 2026-08-27, the correlation of weekly returns between RH and RMT is 0.65 over 3 years, 0.56 over 1 year and 0.62 over 5 years.
Is RMT a good diversifier for RH?
To a limited degree. At 0.65 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 0.65 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/rh-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rh-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RH correlations · RMT correlations
