RMT vs WWW: Correlation
Measured on weekly returns over the past three years, Royce Micro-Cap Trust, Inc. (RMT) and Wolverine World Wide, Inc. (WWW) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RMT and WWW?
Across a 3-year window, the weekly returns of RMT and WWW correlate at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. Stretching to 5 years gives 0.50, with an annualized covariance of 622.9 %².
By 3-year correlation, WWW places #59 of the 136 assets tracked against RMT. The last year tells two different stories: RMT led by 84.8 percentage points, +48.4% for RMT against -36.4% for WWW. Risk is not evenly split, since WWW carries 2.8 times the volatility of the other side.
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 WWW: side by side
| RMT (Royce Micro-Cap Trust, Inc.) | WWW (Wolverine World Wide, Inc.) | |
|---|---|---|
| 1-year return | +48.4% | -36.4% |
| 5-year return | +80.1% | -38.6% |
| Volatility (ann.) | 20.5% | 57.1% |
| Beta vs S&P 500 | 1.09 | 1.60 |
| Max drawdown (3Y) | -26.4% | -58.0% |
| Market cap | $0.8B | $1.6B |
| P/E (trailing) | 8.5 | 15.7 |
| Dividend yield | 5.57% | 1.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RMT | WWW |
|---|---|---|
| 2022 | -16.8% | -61.1% |
| 2023 | +15.8% | -15.6% |
| 2024 | +14.0% | +155.3% |
| 2025 | +16.1% | -16.5% |
| 2026 | +39.6% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RMT and WWW good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RMT and WWW?
The RMT/WWW correlation stands at 0.53 on a 3-year window (1 year: 0.51, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is WWW a good diversifier for RMT?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 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-www.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rmt-vs-www/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RMT correlations · WWW correlations
