RMT vs RPAY: Correlation
How closely do Royce Micro-Cap Trust, Inc. (RMT) and Repay Holdings Corporation (RPAY) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RMT and RPAY?
Over the past 3 years, RMT and RPAY moved with a correlation of 0.47, which is moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 522.3 %².
By 3-year correlation, RPAY places #98 of the 136 assets tracked against RMT. The last year tells two different stories: RMT led by 84.1 percentage points, +48.4% for RMT against -35.7% for RPAY. One caveat on sizing: RPAY is 2.6 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.
RMT vs RPAY: side by side
| RMT (Royce Micro-Cap Trust, Inc.) | RPAY (Repay Holdings Corporation) | |
|---|---|---|
| 1-year return | +48.4% | -35.7% |
| 5-year return | +80.1% | -83.6% |
| Volatility (ann.) | 20.5% | 54.1% |
| Beta vs S&P 500 | 1.09 | 1.37 |
| Max drawdown (3Y) | -26.4% | -78.3% |
| Market cap | $0.8B | $0.3B |
| P/E (trailing) | 8.5 | – |
| Dividend yield | 5.57% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RMT | RPAY |
|---|---|---|
| 2022 | -16.8% | -55.9% |
| 2023 | +15.8% | +6.1% |
| 2024 | +14.0% | -10.7% |
| 2025 | +16.1% | -52.2% |
| 2026 | +39.6% | +3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RMT and RPAY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between RMT and RPAY?
The RMT/RPAY correlation stands at 0.47 on a 3-year window (1 year: 0.40, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is RPAY a good diversifier for RMT?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/rmt-vs-rpay.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rmt-vs-rpay/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RMT correlations · RPAY correlations
