RMT vs TRNS: Correlation
Royce Micro-Cap Trust, Inc. (RMT) and Transcat, Inc. (TRNS) 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 TRNS?
Over the past 3 years, RMT and TRNS moved with a correlation of 0.45, which is moderate. The link has tightened recently: the 1-year correlation (0.55) runs above the 3-year figure (0.45). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 464.6 %².
Within RMT's tracked universe of 136 assets, TRNS comes in at #107 by 3-year correlation. The last year tells two different stories: RMT led by 40.7 percentage points, +48.4% for RMT against +7.7% for TRNS. Note the risk asymmetry: TRNS runs 2.4 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 TRNS: side by side
| RMT (Royce Micro-Cap Trust, Inc.) | TRNS (Transcat, Inc.) | |
|---|---|---|
| 1-year return | +48.4% | +7.7% |
| 5-year return | +80.1% | +35.0% |
| Volatility (ann.) | 20.5% | 50.0% |
| Beta vs S&P 500 | 1.09 | 1.03 |
| Max drawdown (3Y) | -26.4% | -63.9% |
| Market cap | $0.8B | $0.8B |
| P/E (trailing) | 8.5 | 249.6 |
| Dividend yield | 5.57% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RMT | TRNS |
|---|---|---|
| 2022 | -16.8% | -23.3% |
| 2023 | +15.8% | +54.3% |
| 2024 | +14.0% | -3.3% |
| 2025 | +16.1% | -46.3% |
| 2026 | +39.6% | +58.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RMT and TRNS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between RMT and TRNS?
As of 2026-08-27, the correlation of weekly returns between RMT and TRNS is 0.45 over 3 years, 0.55 over 1 year and 0.48 over 5 years.
Is TRNS a good diversifier for RMT?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rmt-vs-trns.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rmt-vs-trns/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RMT correlations · TRNS correlations
