RMT vs TE: Correlation
Royce Micro-Cap Trust, Inc. (RMT) and T1 Energy Inc. (TE) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RMT and TE?
Across a 3-year window, the weekly returns of RMT and TE correlate at 0.45, moderate. The link has loosened recently: the 1-year correlation (0.25) runs below the 3-year figure (0.45). Stretching to 5 years gives 0.41, with an annualized covariance of 1170.3 %².
Among the 136 assets we track against RMT, TE ranks #106 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TE ahead by 165.5 points (+48.4% versus +213.9%). Risk is not evenly split, since TE carries 6.2 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 TE: side by side
| RMT (Royce Micro-Cap Trust, Inc.) | TE (T1 Energy Inc.) | |
|---|---|---|
| 1-year return | +48.4% | +213.9% |
| 5-year return | +80.1% | -44.5% |
| Volatility (ann.) | 20.5% | 127.8% |
| Beta vs S&P 500 | 1.09 | 2.71 |
| Max drawdown (3Y) | -26.4% | -85.5% |
| Market cap | $0.8B | $1.5B |
| P/E (trailing) | 8.5 | – |
| Dividend yield | 5.57% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RMT | TE |
|---|---|---|
| 2022 | -16.8% | -22.4% |
| 2023 | +15.8% | -78.5% |
| 2024 | +14.0% | +38.0% |
| 2025 | +16.1% | +158.9% |
| 2026 | +39.6% | -25.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RMT and TE good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between RMT and TE?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.25 over the last year and 0.41 over 5 years.
Is TE a good diversifier for RMT?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rmt-vs-te.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rmt-vs-te/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RMT correlations · TE correlations
