RMT vs TEAD: Correlation
Royce Micro-Cap Trust, Inc. (RMT) and Te (TEAD) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RMT and TEAD?
Over the past 3 years, RMT and TEAD moved with a correlation of 0.40, which is moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 591.3 %².
Among the 136 assets we track against RMT, TEAD ranks #127 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RMT outperformed by 122.0 percentage points (+48.4% for RMT against -73.6% for TEAD). Note the risk asymmetry: TEAD runs 3.5 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 TEAD: side by side
| RMT (Royce Micro-Cap Trust, Inc.) | TEAD (Te) | |
|---|---|---|
| 1-year return | +48.4% | -73.6% |
| 5-year return | +80.1% | -97.2% |
| Volatility (ann.) | 20.5% | 71.3% |
| Beta vs S&P 500 | 1.09 | 1.33 |
| Max drawdown (3Y) | -26.4% | -93.8% |
| Market cap | $0.8B | – |
| P/E (trailing) | 8.5 | – |
| Dividend yield | 5.57% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RMT | TEAD |
|---|---|---|
| 2022 | -16.8% | -74.1% |
| 2023 | +15.8% | +21.0% |
| 2024 | +14.0% | +63.9% |
| 2025 | +16.1% | -90.2% |
| 2026 | +39.6% | -33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RMT and TEAD good diversifiers for each other?
Reasonably. At 0.40, RMT and TEAD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between RMT and TEAD?
As of 2026-08-27, the correlation of weekly returns between RMT and TEAD is 0.40 over 3 years, 0.45 over 1 year and 0.40 over 5 years.
Is TEAD a good diversifier for RMT?
Reasonably. At 0.40, RMT and TEAD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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-tead.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rmt-vs-tead/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RMT correlations · TEAD correlations
