APSGX vs. RIPIX
APSGX (Fiera Capital Small/Mid-Cap Growth Fund) and RIPIX (Royce International Premier Fund Institutional Class) are both Mid Cap Growth Equities funds. Over the past 5 years, APSGX returned 3.35%/yr vs -4.67%/yr for RIPIX. Their 0.62 correlation means they have sometimes moved together and sometimes differently. APSGX charges 1.05%/yr vs 1.04%/yr for RIPIX.
Performance
APSGX vs. RIPIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, APSGX achieves a 3.92% return, which is significantly higher than RIPIX's 2.31% return.
APSGX
- 1D
- 1.50%
- 1M
- -1.40%
- 6M
- 4.57%
- YTD
- 3.92%
- 1Y
- 11.65%
- 3Y*
- 8.15%
- 5Y*
- 3.35%
- 10Y*
- 10.91%
- ALL TIME*
- 11.36%
RIPIX
- 1D
- 1.18%
- 1M
- 0.23%
- 6M
- 2.48%
- YTD
- 2.31%
- 1Y
- -2.85%
- 3Y*
- 3.08%
- 5Y*
- -4.67%
- 10Y*
- —
- ALL TIME*
- 2.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
APSGX vs. RIPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
APSGX Fiera Capital Small/Mid-Cap Growth Fund | 3.92% | 5.74% | 4.69% | 26.12% | -23.71% | 17.09% | 44.67% | 31.20% | -16.43% |
RIPIX Royce International Premier Fund Institutional Class | 2.31% | 9.89% | -7.04% | 8.14% | -26.99% | 6.22% | 16.11% | 34.69% | -12.52% |
Correlation
The correlation between APSGX and RIPIX is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (All Time) Calculated using the full available price history since May 18, 2018 | 0.62 |
The correlation between APSGX and RIPIX has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
APSGX vs. RIPIX — Risk / Return Rank
APSGX
RIPIX
APSGX vs. RIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fiera Capital Small/Mid-Cap Growth Fund (APSGX) and Royce International Premier Fund Institutional Class (RIPIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| APSGX | RIPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.98 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | -0.15 | +1.15 |
| Martin ratioReturn relative to average drawdown | 3.18 | -0.37 | +3.55 |
Loading charts...
Drawdowns
APSGX vs. RIPIX - Drawdown Comparison
The maximum APSGX drawdown since its inception was -35.77%, smaller than the maximum RIPIX drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for APSGX and RIPIX.
Loading charts...
Drawdown Indicators
| APSGX | RIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.77% | -41.89% | +6.12% |
Max Drawdown (1Y)Largest decline over 1 year | -13.30% | -15.33% | +2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -28.15% | -17.28% | -10.87% |
Max Drawdown (5Y)Largest decline over 5 years | -33.52% | -41.89% | +8.37% |
Max Drawdown (10Y)Largest decline over 10 years | -35.77% | — | — |
Current DrawdownCurrent decline from peak | -2.87% | -24.58% | +21.71% |
Average DrawdownAverage peak-to-trough decline | -7.50% | -18.16% | +10.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 6.22% | -2.03% |
Volatility
APSGX vs. RIPIX - Volatility Comparison
The current volatility for Fiera Capital Small/Mid-Cap Growth Fund (APSGX) is 4.21%, while Royce International Premier Fund Institutional Class (RIPIX) has a volatility of 4.61%. This indicates that APSGX experiences smaller price fluctuations and is considered to be less risky than RIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| APSGX | RIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 4.61% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 13.03% | 11.52% | +1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.47% | 13.87% | +3.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.32% | 15.55% | +6.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.49% | 16.13% | +6.36% |
APSGX vs. RIPIX - Expense Ratio Comparison
APSGX has a 1.05% expense ratio, which is higher than RIPIX's 1.04% expense ratio.
Dividends
APSGX vs. RIPIX - Dividend Comparison
APSGX's dividend yield for the trailing twelve months is around 2.34%, more than RIPIX's 1.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APSGX Fiera Capital Small/Mid-Cap Growth Fund | 2.34% | 2.43% | 2.91% | 2.48% | 16.83% | 11.57% | 21.15% | 11.48% | 28.25% | 0.00% | 0.28% | 1.03% |
RIPIX Royce International Premier Fund Institutional Class | 1.43% | 1.46% | 5.66% | 3.09% | 3.87% | 5.02% | 0.36% | 0.58% | 0.54% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
APSGX and RIPIX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIPIX has higher volatility (4.61%) compared to APSGX (4.21%). In terms of maximum drawdown, APSGX dropped -35.77% vs RIPIX's -41.89%.
APSGX currently has the higher Sharpe Ratio (0.77 vs -0.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for APSGX and RIPIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer