RMT vs RVT: Correlation
Royce Micro-Cap Trust, Inc. (RMT) and Royce Small-Cap Trust, Inc. (RVT) show a very strong relationship: their 3-year correlation of weekly returns is 0.92.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RMT and RVT?
Across a 3-year window, the weekly returns of RMT and RVT correlate at 0.92, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.86 lands near the 3-year figure. Stretching to 5 years gives 0.92, with an annualized covariance of 360.5 %².
In RMT's tracked universe of 136 assets, RVT sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months RMT outperformed by 21.0 percentage points (+48.4% for RMT against +27.4% for RVT).
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 RVT: side by side
| RMT (Royce Micro-Cap Trust, Inc.) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +48.4% | +27.4% |
| 5-year return | +80.1% | +53.9% |
| Volatility (ann.) | 20.5% | 19.1% |
| Beta vs S&P 500 | 1.09 | 0.99 |
| Max drawdown (3Y) | -26.4% | -23.5% |
| Market cap | $0.8B | $2.3B |
| P/E (trailing) | 8.5 | 6.5 |
| Dividend yield | 5.57% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RMT | RVT |
|---|---|---|
| 2022 | -16.8% | -26.3% |
| 2023 | +15.8% | +18.8% |
| 2024 | +14.0% | +17.9% |
| 2025 | +16.1% | +11.5% |
| 2026 | +39.6% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RMT and RVT good diversifiers for each other?
No: a correlation of 0.92 means RMT and RVT tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between RMT and RVT?
The RMT/RVT correlation stands at 0.92 on a 3-year window (1 year: 0.86, 5 years: 0.92), computed from weekly returns as of 2026-08-27.
Is RVT a good diversifier for RMT?
No: a correlation of 0.92 means RMT and RVT tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.92 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/rmt-vs-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rmt-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RMT correlations · RVT correlations
