RMT vs SCSC: Correlation
Measured on weekly returns over the past three years, Royce Micro-Cap Trust, Inc. (RMT) and ScanSource, Inc. (SCSC) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RMT and SCSC?
On 3 years of weekly data the RMT/SCSC correlation comes out at 0.62, strong. Lately the two have drifted apart, with the 1-year correlation at 0.37 versus 0.62 over 3 years. The 5-year figure is 0.62, and annualized covariance runs at 452.6 %².
Within RMT's tracked universe of 136 assets, SCSC comes in at #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RMT ahead by 18.4 points (+48.4% versus +30.0%). One caveat on sizing: SCSC is 1.7 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 SCSC: side by side
| RMT (Royce Micro-Cap Trust, Inc.) | SCSC (ScanSource, Inc.) | |
|---|---|---|
| 1-year return | +48.4% | +30.0% |
| 5-year return | +80.1% | +60.7% |
| Volatility (ann.) | 20.5% | 35.5% |
| Beta vs S&P 500 | 1.09 | 1.21 |
| Max drawdown (3Y) | -26.4% | -44.2% |
| Market cap | $0.8B | $1.2B |
| P/E (trailing) | 8.5 | 15.5 |
| Dividend yield | 5.57% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RMT | SCSC |
|---|---|---|
| 2022 | -16.8% | -16.7% |
| 2023 | +15.8% | +35.6% |
| 2024 | +14.0% | +19.8% |
| 2025 | +16.1% | -17.7% |
| 2026 | +39.6% | +48.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RMT and SCSC 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 RMT and SCSC?
As of 2026-08-27, the correlation of weekly returns between RMT and SCSC is 0.62 over 3 years, 0.37 over 1 year and 0.62 over 5 years.
Is SCSC a good diversifier for RMT?
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?
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-scsc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rmt-vs-scsc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RMT correlations · SCSC correlations
