RMT vs TKO: Correlation
Measured on weekly returns over the past three years, Royce Micro-Cap Trust, Inc. (RMT) and TKO Group Holdings (TKO) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RMT and TKO?
Over the past 3 years, RMT and TKO moved with a correlation of 0.38, which is moderate. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 248.0 %².
By 3-year correlation, TKO places #131 of the 136 assets tracked against RMT. Correlation aside, the last 12 months split them widely, with RMT ahead by 47.6 points (+48.4% versus +0.8%). Note the risk asymmetry: TKO runs 1.6 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 TKO: side by side
| RMT (Royce Micro-Cap Trust, Inc.) | TKO (TKO Group Holdings) | |
|---|---|---|
| 1-year return | +48.4% | +0.8% |
| 5-year return | +80.1% | +281.8% |
| Volatility (ann.) | 20.5% | 32.1% |
| Beta vs S&P 500 | 1.09 | 0.70 |
| Max drawdown (3Y) | -26.4% | -34.8% |
| Market cap | $0.8B | $34.9B |
| P/E (trailing) | 8.5 | 65.8 |
| Dividend yield | 5.57% | 1.66% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | RMT | TKO |
|---|---|---|
| 2022 | -16.8% | +39.9% |
| 2023 | +15.8% | +23.9% |
| 2024 | +14.0% | +74.2% |
| 2025 | +16.1% | +48.9% |
| 2026 | +39.6% | -11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RMT and TKO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between RMT and TKO?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.34 over the last year and 0.34 over 5 years.
Is TKO a good diversifier for RMT?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 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-tko.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rmt-vs-tko/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RMT correlations · TKO correlations
