BRUSX vs. RYPNX
BRUSX (Bridgeway Ultra Small Company Fund) and RYPNX (Royce Opportunity Fund) are both Small Cap Value Equities funds. Over the past 10 years, BRUSX returned 9.29%/yr vs 14.04%/yr for RYPNX. Their correlation of 0.84 means they have usually moved in the same direction. BRUSX charges 1.26%/yr vs 1.21%/yr for RYPNX.
Performance
BRUSX vs. RYPNX - Performance Comparison
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Returns By Period
In the year-to-date period, BRUSX achieves a 9.32% return, which is significantly lower than RYPNX's 24.02% return. Over the past 10 years, BRUSX has underperformed RYPNX with an annualized return of 9.29%, while RYPNX has yielded a comparatively higher 14.04% annualized return.
BRUSX
- 1D
- -0.03%
- 1M
- -2.66%
- 6M
- 4.28%
- YTD
- 9.32%
- 1Y
- 25.93%
- 3Y*
- 13.18%
- 5Y*
- 3.34%
- 10Y*
- 9.29%
- ALL TIME*
- 11.63%
RYPNX
- 1D
- 0.36%
- 1M
- -4.75%
- 6M
- 12.02%
- YTD
- 24.02%
- 1Y
- 43.38%
- 3Y*
- 15.84%
- 5Y*
- 9.08%
- 10Y*
- 14.04%
- ALL TIME*
- 12.45%
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 |
BRUSX vs. RYPNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRUSX Bridgeway Ultra Small Company Fund | 9.32% | 7.13% | 17.57% | 18.14% | -10.99% | 13.85% | 33.43% | 9.52% | -15.77% | 3.86% |
RYPNX Royce Opportunity Fund | 24.02% | 11.95% | 10.20% | 19.72% | -17.19% | 30.34% | 26.52% | 28.24% | -20.10% | 21.69% |
Correlation
The correlation between BRUSX and RYPNX is 0.80, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997 | 0.84 |
The correlation between BRUSX and RYPNX has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.
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Return for Risk
BRUSX vs. RYPNX — Risk / Return Rank
BRUSX
RYPNX
BRUSX vs. RYPNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bridgeway Ultra Small Company Fund (BRUSX) and Royce Opportunity Fund (RYPNX). 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.
| BRUSX | RYPNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.30 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 3.33 | -1.64 |
| Martin ratioReturn relative to average drawdown | 4.92 | 11.77 | -6.85 |
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Drawdowns
BRUSX vs. RYPNX - Drawdown Comparison
The maximum BRUSX drawdown since its inception was -60.38%, smaller than the maximum RYPNX drawdown of -69.31%. Use the drawdown chart below to compare losses from any high point for BRUSX and RYPNX.
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Drawdown Indicators
| BRUSX | RYPNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.38% | -69.31% | +8.93% |
Max Drawdown (1Y)Largest decline over 1 year | -12.87% | -12.01% | -0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -27.73% | -30.23% | +2.50% |
Max Drawdown (5Y)Largest decline over 5 years | -38.95% | -30.77% | -8.18% |
Max Drawdown (10Y)Largest decline over 10 years | -55.77% | -50.61% | -5.16% |
Current DrawdownCurrent decline from peak | -4.08% | -7.39% | +3.31% |
Average DrawdownAverage peak-to-trough decline | -13.49% | -10.63% | -2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.43% | 3.40% | +1.03% |
Volatility
BRUSX vs. RYPNX - Volatility Comparison
The current volatility for Bridgeway Ultra Small Company Fund (BRUSX) is 4.07%, while Royce Opportunity Fund (RYPNX) has a volatility of 5.70%. This indicates that BRUSX experiences smaller price fluctuations and is considered to be less risky than RYPNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRUSX | RYPNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 5.70% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 14.67% | 15.62% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.36% | 22.19% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.19% | 24.26% | -1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.35% | 25.32% | -1.97% |
BRUSX vs. RYPNX - Expense Ratio Comparison
BRUSX has a 1.26% expense ratio, which is higher than RYPNX's 1.21% expense ratio.
Dividends
BRUSX vs. RYPNX - Dividend Comparison
BRUSX's dividend yield for the trailing twelve months is around 9.66%, more than RYPNX's 7.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRUSX Bridgeway Ultra Small Company Fund | 9.66% | 10.56% | 2.46% | 4.97% | 18.41% | 7.70% | 1.53% | 1.14% | 13.87% | 1.99% | 1.12% | 1.03% |
RYPNX Royce Opportunity Fund | 7.77% | 9.63% | 7.95% | 4.52% | 5.12% | 22.51% | 0.00% | 1.57% | 10.21% | 14.91% | 6.89% | 10.04% |
Frequently Asked Questions
BRUSX and RYPNX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYPNX has higher volatility (5.70%) compared to BRUSX (4.07%). In terms of maximum drawdown, BRUSX dropped -60.38% vs RYPNX's -69.31%.
RYPNX currently has the higher Sharpe Ratio (1.81 vs 1.02), 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.
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