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 above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Royce Opportunity Fund (RYPNX) returned -9.30% year-to-date (YTD) and -4.89% over the past 12 months. Over the past 10 years, RYPNX returned 8.45% annually, underperforming the S&P 500 benchmark at 10.85%.
RYPNX
-9.30%
8.83%
-14.48%
-4.89%
3.82%
15.84%
8.45%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
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% | -6.31% | -9.03% | -4.37% | 8.83% | -9.30% | |||||||
| 2024 | -4.17% | 5.87% | 3.65% | -7.11% | 8.40% | -2.19% | 8.24% | -4.31% | -0.80% | -3.61% | 13.94% | -5.71% | 10.20% |
| 2023 | 13.24% | -1.27% | -5.21% | -3.35% | -1.11% | 11.73% | 3.88% | -3.73% | -4.95% | -7.59% | 8.52% | 11.00% | 19.73% |
| 2022 | -6.92% | 2.88% | -0.50% | -8.95% | 2.06% | -11.99% | 10.80% | -2.49% | -12.33% | 12.37% | 5.32% | -5.21% | -17.20% |
| 2021 | 6.12% | 12.67% | 4.59% | 1.41% | 3.14% | 0.05% | -2.17% | -0.20% | -3.16% | 3.62% | -1.92% | 3.65% | 30.34% |
| 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% | 3.50% | 28.23% |
| 2018 | 1.25% | -3.85% | 0.15% | 0.53% | 5.94% | 0.21% | 1.77% | 2.99% | -3.38% | -11.74% | -0.40% | -13.75% | -20.10% |
| 2017 | 1.01% | 2.00% | 2.12% | 0.81% | -1.25% | 3.27% | 1.30% | -0.92% | 8.46% | 0.92% | 1.70% | 0.69% | 21.69% |
| 2016 | -7.95% | 1.44% | 9.32% | 2.50% | -0.36% | -1.00% | 7.51% | 3.49% | 1.65% | -4.94% | 14.24% | 2.51% | 29.95% |
| 2015 | -5.94% | 7.19% | 0.30% | -1.25% | 0.82% | 0.00% | -5.98% | -4.40% | -5.99% | 6.03% | 2.39% | -6.52% | -13.67% |
| 2014 | -2.83% | 5.76% | 0.75% | -3.29% | -0.96% | 3.89% | -6.25% | 5.00% | -7.55% | 3.09% | -0.13% | 3.53% | -0.07% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RYPNX is 5, meaning it’s performing worse than 95% 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.
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Dividends
Dividend History
Royce Opportunity Fund provided a 8.77% dividend yield over the last twelve months, with an annual payout of $1.23 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.23 | $1.23 | $0.68 | $0.68 | $3.77 | $0.00 | $0.20 | $1.01 | $2.02 | $0.89 | $1.06 | $1.94 |
Dividend yield | 8.77% | 7.95% | 4.52% | 5.12% | 22.51% | 0.00% | 1.57% | 10.21% | 14.91% | 6.89% | 10.04% | 14.40% |
Monthly Dividends
The table displays the monthly dividend distributions for Royce Opportunity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.23 | $1.23 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.68 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.68 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.77 | $3.77 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.01 | $1.01 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.02 | $2.02 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.89 | $0.89 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.06 | $1.06 |
| 2014 | $1.94 | $1.94 |
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.
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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 69.31%, occurring on Mar 9, 2009. Recovery took 460 trading sessions.
The current Royce Opportunity Fund drawdown is 15.20%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -69.31% | Jul 20, 2007 | 411 | Mar 9, 2009 | 460 | Jan 3, 2011 | 871 |
| -50.61% | Aug 30, 2018 | 389 | Mar 18, 2020 | 165 | Nov 10, 2020 | 554 |
| -42.05% | Apr 17, 2002 | 122 | Oct 9, 2002 | 215 | Aug 19, 2003 | 337 |
| -36.11% | Feb 18, 2011 | 157 | Oct 3, 2011 | 312 | Jan 2, 2013 | 469 |
| -34.02% | May 5, 1998 | 113 | Oct 8, 1998 | 160 | May 20, 1999 | 273 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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