RMT vs WSC: Correlation
Measured on weekly returns over the past three years, Royce Micro-Cap Trust, Inc. (RMT) and WillScot Holdings Corporation (WSC) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RMT and WSC?
On 3 years of weekly data the RMT/WSC correlation comes out at 0.63, strong. Recent behaviour matches the longer record: 0.66 over 1 year against 0.63 over 3. The 5-year figure is 0.61, and annualized covariance runs at 589.4 %².
By 3-year correlation, WSC places #22 of the 136 assets tracked against RMT. The last year tells two different stories: RMT led by 63.3 percentage points, +48.4% for RMT against -14.9% for WSC. One caveat on sizing: WSC is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 WSC: side by side
| RMT (Royce Micro-Cap Trust, Inc.) | WSC (WillScot Holdings Corporation) | |
|---|---|---|
| 1-year return | +48.4% | -14.9% |
| 5-year return | +80.1% | -27.7% |
| Volatility (ann.) | 20.5% | 45.9% |
| Beta vs S&P 500 | 1.09 | 1.72 |
| Max drawdown (3Y) | -26.4% | -70.7% |
| Market cap | $0.8B | $3.8B |
| P/E (trailing) | 8.5 | – |
| Dividend yield | 5.57% | 1.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RMT | WSC |
|---|---|---|
| 2022 | -16.8% | +10.6% |
| 2023 | +15.8% | -1.5% |
| 2024 | +14.0% | -24.8% |
| 2025 | +16.1% | -43.1% |
| 2026 | +39.6% | +11.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RMT and WSC good diversifiers for each other?
To a limited degree. At 0.63 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 WSC?
The RMT/WSC correlation stands at 0.63 on a 3-year window (1 year: 0.66, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is WSC a good diversifier for RMT?
To a limited degree. At 0.63 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 0.63 mean?
On the −1 to +1 scale, 0.63 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-wsc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rmt-vs-wsc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RMT correlations · WSC correlations
