RICK vs RMT: Correlation
Measured on weekly returns over the past three years, RCI Hospitality Holdings, Inc. (RICK) and Royce Micro-Cap Trust, Inc. (RMT) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RICK and RMT?
On 3 years of weekly data the RICK/RMT correlation comes out at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 421.7 %².
RMT is one of the assets that tracks RICK most closely: it ranks #2 out of the 11 assets we track against RICK. The last year tells two different stories: RMT led by 68.3 percentage points, -19.9% for RICK against +48.4% for RMT. Note the risk asymmetry: RICK runs 1.9 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.
RICK vs RMT: side by side
| RICK (RCI Hospitality Holdings, Inc.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | -19.9% | +48.4% |
| 5-year return | -54.1% | +80.1% |
| Volatility (ann.) | 39.0% | 20.5% |
| Beta vs S&P 500 | 0.96 | 1.09 |
| Max drawdown (3Y) | -68.8% | -26.4% |
| Market cap | $0.2B | $0.8B |
| P/E (trailing) | – | 8.5 |
| Dividend yield | 1.01% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RICK | RMT |
|---|---|---|
| 2022 | +20.0% | -16.8% |
| 2023 | -28.7% | +15.8% |
| 2024 | -12.8% | +14.0% |
| 2025 | -58.2% | +16.1% |
| 2026 | +24.7% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RICK and RMT good diversifiers for each other?
Only partially. A correlation of 0.53 means RICK and RMT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between RICK and RMT?
As of 2026-08-27, the correlation of weekly returns between RICK and RMT is 0.53 over 3 years, 0.45 over 1 year and 0.52 over 5 years.
Is RMT a good diversifier for RICK?
Only partially. A correlation of 0.53 means RICK and RMT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
A reading of 0.53 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/rick-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rick-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RICK correlations · RMT correlations
