RMCO vs SPY: Correlation
Royalty Management Holding Corporation (RMCO) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is 0.04.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RMCO and SPY?
On 3 years of weekly data the RMCO/SPY correlation comes out at 0.04, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.08) sits close to the 3-year figure. The 5-year figure is 0.03, and annualized covariance runs at 51.8 %².
Among the 10 assets we track against RMCO, SPY sits near the bottom by co-movement, at rank #6. Correlation aside, the last 12 months split them widely, with RMCO ahead by 26.0 points (+46.6% versus +20.6%). Note the risk asymmetry: RMCO runs 6.0 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.
RMCO vs SPY: side by side
| RMCO (Royalty Management Holding Corporation) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +46.6% | +20.6% |
| 5-year return | -70.7% | +82.4% |
| Volatility (ann.) | 87.1% | 14.5% |
| Beta vs S&P 500 | 0.25 | 1.00 |
| Max drawdown (3Y) | -93.2% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.33% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | RMCO | SPY |
|---|---|---|
| 2022 | -0.4% | -18.2% |
| 2023 | -83.0% | +26.2% |
| 2024 | -41.3% | +24.9% |
| 2025 | +211.1% | +17.7% |
| 2026 | -6.3% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RMCO and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.04 means the two rarely move for the same reasons.
FAQ
What is the correlation between RMCO and SPY?
Using weekly returns as of 2026-08-27: 0.04 over 3 years, with 0.08 over the last year and 0.03 over 5 years.
Is SPY a good diversifier for RMCO?
By historical standards, yes. A correlation of 0.04 means the two rarely move for the same reasons.
What does a correlation of 0.04 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.
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Related comparisons
Hubs: RMCO correlations · SPY correlations
