RMT vs TDOC: Correlation
Measured on weekly returns over the past three years, Royce Micro-Cap Trust, Inc. (RMT) and Teladoc Health, Inc. (TDOC) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RMT and TDOC?
Across a 3-year window, the weekly returns of RMT and TDOC correlate at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Stretching to 5 years gives 0.55, with an annualized covariance of 611.3 %².
Among the 136 assets we track against RMT, TDOC ranks #75 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RMT outperformed by 66.2 percentage points (+48.4% for RMT against -17.8% for TDOC). Risk is not evenly split, since TDOC carries 2.8 times the volatility of the other side.
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 TDOC: side by side
| RMT (Royce Micro-Cap Trust, Inc.) | TDOC (Teladoc Health, Inc.) | |
|---|---|---|
| 1-year return | +48.4% | -17.8% |
| 5-year return | +80.1% | -95.6% |
| Volatility (ann.) | 20.5% | 58.1% |
| Beta vs S&P 500 | 1.09 | 1.55 |
| Max drawdown (3Y) | -26.4% | -80.5% |
| Market cap | $0.8B | $1.2B |
| P/E (trailing) | 8.5 | – |
| Dividend yield | 5.57% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RMT | TDOC |
|---|---|---|
| 2022 | -16.8% | -74.2% |
| 2023 | +15.8% | -8.9% |
| 2024 | +14.0% | -57.8% |
| 2025 | +16.1% | -23.0% |
| 2026 | +39.6% | -9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RMT and TDOC good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between RMT and TDOC?
The RMT/TDOC correlation stands at 0.51 on a 3-year window (1 year: 0.46, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is TDOC a good diversifier for RMT?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: RMT correlations · TDOC correlations
