RMT vs WT: Correlation
How closely do Royce Micro-Cap Trust, Inc. (RMT) and WisdomTree, Inc. (WT) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RMT and WT?
Across a 3-year window, the weekly returns of RMT and WT correlate at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Stretching to 5 years gives 0.54, with an annualized covariance of 366.2 %².
By 3-year correlation, WT places #70 of the 136 assets tracked against RMT. Correlation aside, the last 12 months split them widely, with WT ahead by 38.3 points (+48.4% versus +86.7%). One caveat on sizing: WT is 1.7 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 WT: side by side
| RMT (Royce Micro-Cap Trust, Inc.) | WT (WisdomTree, Inc.) | |
|---|---|---|
| 1-year return | +48.4% | +86.7% |
| 5-year return | +80.1% | +330.3% |
| Volatility (ann.) | 20.5% | 34.2% |
| Beta vs S&P 500 | 1.09 | 1.17 |
| Max drawdown (3Y) | -26.4% | -36.9% |
| Market cap | $0.8B | $3.8B |
| P/E (trailing) | 8.5 | 44.7 |
| Dividend yield | 5.57% | 0.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RMT | WT |
|---|---|---|
| 2022 | -16.8% | -8.9% |
| 2023 | +15.8% | +29.6% |
| 2024 | +14.0% | +53.5% |
| 2025 | +16.1% | +17.4% |
| 2026 | +39.6% | +106.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RMT and WT good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RMT and WT?
The RMT/WT correlation stands at 0.52 on a 3-year window (1 year: 0.48, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is WT a good diversifier for RMT?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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-wt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rmt-vs-wt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RMT correlations · WT correlations
