RLGT vs RMT: Correlation
How closely do Radiant Logistics, Inc. (RLGT) and Royce Micro-Cap Trust, Inc. (RMT) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RLGT and RMT?
Across a 3-year window, the weekly returns of RLGT and RMT correlate at 0.62, strong. Recent behaviour matches the longer record: 0.56 over 1 year against 0.62 over 3. Stretching to 5 years gives 0.55, with an annualized covariance of 395.1 %².
Among the 13 assets we track against RLGT, RMT ranks #4 by 3-year correlation. On 12-month performance RMT holds a 13.6-point edge, +34.8% against +48.4%. One caveat on sizing: RLGT is 1.5 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.
RLGT vs RMT: side by side
| RLGT (Radiant Logistics, Inc.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +34.8% | +48.4% |
| 5-year return | +31.8% | +80.1% |
| Volatility (ann.) | 31.1% | 20.5% |
| Beta vs S&P 500 | 0.98 | 1.09 |
| Max drawdown (3Y) | -29.3% | -26.4% |
| Market cap | $0.4B | $0.8B |
| P/E (trailing) | 25.6 | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RLGT | RMT |
|---|---|---|
| 2022 | -30.2% | -16.8% |
| 2023 | +30.5% | +15.8% |
| 2024 | +0.9% | +14.0% |
| 2025 | -5.5% | +16.1% |
| 2026 | +37.6% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RLGT and RMT good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RLGT and RMT?
As of 2026-08-27, the correlation of weekly returns between RLGT and RMT is 0.62 over 3 years, 0.56 over 1 year and 0.55 over 5 years.
Is RMT a good diversifier for RLGT?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
On the −1 to +1 scale, 0.62 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: RLGT correlations · RMT correlations
