RMT vs XPL: Correlation
Measured on weekly returns over the past three years, Royce Micro-Cap Trust, Inc. (RMT) and Solitario Resources Corp. (XPL) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RMT and XPL?
On 3 years of weekly data the RMT/XPL correlation comes out at 0.36, moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. The 5-year figure is 0.27, and annualized covariance runs at 357.9 %².
XPL is close to the least connected end of RMT's tracked universe, ranking #133 of 136. The last year tells two different stories: RMT led by 43.0 percentage points, +48.4% for RMT against +5.4% for XPL. Note the risk asymmetry: XPL 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 XPL: side by side
| RMT (Royce Micro-Cap Trust, Inc.) | XPL (Solitario Resources Corp.) | |
|---|---|---|
| 1-year return | +48.4% | +5.4% |
| 5-year return | +80.1% | +45.0% |
| Volatility (ann.) | 20.5% | 48.2% |
| Beta vs S&P 500 | 1.09 | 1.10 |
| Max drawdown (3Y) | -26.4% | -42.1% |
| Market cap | $0.8B | $0.1B |
| P/E (trailing) | 8.5 | – |
| Dividend yield | 5.57% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RMT | XPL |
|---|---|---|
| 2022 | -16.8% | +24.0% |
| 2023 | +15.8% | -9.7% |
| 2024 | +14.0% | +5.4% |
| 2025 | +16.1% | +18.6% |
| 2026 | +39.6% | +16.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RMT and XPL good diversifiers for each other?
Reasonably. At 0.36, RMT and XPL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between RMT and XPL?
The RMT/XPL correlation stands at 0.36 on a 3-year window (1 year: 0.37, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is XPL a good diversifier for RMT?
Reasonably. At 0.36, RMT and XPL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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-xpl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rmt-vs-xpl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RMT correlations · XPL correlations
