RMT vs SLQT: Correlation
Royce Micro-Cap Trust, Inc. (RMT) and SelectQuote, Inc. (SLQT) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RMT and SLQT?
Across a 3-year window, the weekly returns of RMT and SLQT correlate at 0.41, moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.41 over 3. Stretching to 5 years gives 0.34, with an annualized covariance of 719.4 %².
Among the 136 assets we track against RMT, SLQT ranks #124 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RMT ahead by 126.0 points (+48.4% versus -77.6%). Note the risk asymmetry: SLQT runs 4.2 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.
RMT vs SLQT: side by side
| RMT (Royce Micro-Cap Trust, Inc.) | SLQT (SelectQuote, Inc.) | |
|---|---|---|
| 1-year return | +48.4% | -77.6% |
| 5-year return | +80.1% | -93.9% |
| Volatility (ann.) | 20.5% | 86.4% |
| Beta vs S&P 500 | 1.09 | 1.55 |
| Max drawdown (3Y) | -26.4% | -91.1% |
| Market cap | $0.8B | $0.1B |
| P/E (trailing) | 8.5 | – |
| Dividend yield | 5.57% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RMT | SLQT |
|---|---|---|
| 2022 | -16.8% | -92.6% |
| 2023 | +15.8% | +103.9% |
| 2024 | +14.0% | +171.5% |
| 2025 | +16.1% | -62.1% |
| 2026 | +39.6% | -61.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RMT and SLQT good diversifiers for each other?
Reasonably. At 0.41, RMT and SLQT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between RMT and SLQT?
The RMT/SLQT correlation stands at 0.41 on a 3-year window (1 year: 0.38, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is SLQT a good diversifier for RMT?
Reasonably. At 0.41, RMT and SLQT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 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: RMT correlations · SLQT correlations
