Royce Opportunity Fund (RYPNX)
The fund’s investment adviser invests the fund’s assets primarily in equity securities of small-cap companies in an attempt to take advantage of what the adviser believes are opportunistic situations for undervalued securities. It invests at least 80% of its net assets in securities of small-cap companies, under normal circumstances. It may invest in other investment companies that invest in equity securities.
Fund Info
US7809058321
780905832
Nov 19, 1996
$2,000
Small-Cap
Value
Expense Ratio
RYPNX has a high expense ratio of 1.21%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Royce Opportunity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Royce Opportunity Fund had a return of 2.45% year-to-date (YTD) and 5.87% in the last 12 months. Over the past 10 years, Royce Opportunity Fund had an annualized return of 1.61%, while the S&P 500 had an annualized return of 11.31%, indicating that Royce Opportunity Fund did not perform as well as the benchmark.
RYPNX
2.45%
-0.81%
0.32%
5.87%
4.99%
1.61%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of RYPNX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.26% | 2.45% | |||||||||||
| 2024 | -4.17% | 5.87% | 3.65% | -7.11% | 8.40% | -2.19% | 8.24% | -4.31% | -0.80% | -3.61% | 13.94% | -12.29% | 2.51% |
| 2023 | 13.24% | -1.27% | -5.21% | -3.35% | -1.11% | 11.73% | 3.88% | -3.73% | -4.95% | -7.59% | 8.52% | 5.96% | 14.30% |
| 2022 | -6.92% | 2.88% | -0.50% | -8.95% | 2.06% | -11.99% | 10.80% | -2.49% | -12.33% | 12.37% | 5.32% | -9.70% | -21.12% |
| 2021 | 6.12% | 12.67% | 4.59% | 1.41% | 3.14% | 0.05% | -2.17% | -0.20% | -3.16% | 3.62% | -1.92% | -15.86% | 5.81% |
| 2020 | -5.27% | -8.60% | -27.40% | 17.66% | 5.94% | 4.59% | 7.12% | 6.10% | -2.23% | 3.16% | 23.38% | 9.17% | 26.52% |
| 2019 | 14.62% | 5.10% | -5.10% | 3.70% | -10.80% | 9.34% | 1.05% | -5.52% | 5.66% | 1.99% | 4.15% | 1.87% | 26.21% |
| 2018 | 1.25% | -3.85% | 0.15% | 0.53% | 5.94% | 0.21% | 1.77% | 2.99% | -3.38% | -11.74% | -0.40% | -21.14% | -26.95% |
| 2017 | 1.01% | 2.00% | 2.11% | 0.81% | -1.25% | 3.27% | 1.29% | -0.92% | 8.46% | 0.93% | 1.70% | -12.56% | 5.68% |
| 2016 | -7.95% | 1.44% | 9.32% | 2.50% | -0.36% | -1.00% | 7.52% | 3.50% | 1.65% | -4.94% | 14.24% | -4.10% | 21.57% |
| 2015 | -5.94% | 7.19% | 0.29% | -1.25% | 0.82% | 0.00% | -5.98% | -4.40% | -5.99% | 6.03% | 2.39% | -14.96% | -21.47% |
| 2014 | -2.83% | 5.76% | 0.75% | -3.29% | -0.96% | 3.89% | -6.25% | 5.00% | -7.55% | 3.09% | -0.13% | -10.27% | -13.38% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RYPNX is 10, meaning it’s performing worse than 90% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Royce Opportunity Fund (RYPNX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Royce Opportunity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Royce Opportunity Fund was 74.96%, occurring on Mar 9, 2009. Recovery took 1092 trading sessions.
The current Royce Opportunity Fund drawdown is 27.43%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -74.96% | Jul 20, 2007 | 411 | Mar 9, 2009 | 1092 | Jul 11, 2013 | 1503 |
| -60.41% | Dec 2, 2013 | 1584 | Mar 18, 2020 | 203 | Jan 6, 2021 | 1787 |
| -43.8% | Nov 15, 2021 | 217 | Sep 26, 2022 | — | — | — |
| -42.04% | Apr 17, 2002 | 122 | Oct 9, 2002 | 217 | Aug 21, 2003 | 339 |
| -34.02% | May 5, 1998 | 113 | Oct 8, 1998 | 187 | Jun 28, 1999 | 300 |
Volatility
Volatility Chart
The current Royce Opportunity Fund volatility is 5.26%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.