GCSVX vs. RIPIX

Last updated Aug 1, 2026

GCSVX (Geneva SMID Cap Growth Fund) and RIPIX (Royce International Premier Fund Institutional Class) are both Mid Cap Growth Equities funds. Over the past 3 years, GCSVX returned 2.48%/yr vs 2.08%/yr for RIPIX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. GCSVX charges 0.43%/yr vs 1.04%/yr for RIPIX.

Performance

GCSVX vs. RIPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Geneva SMID Cap Growth Fund (GCSVX) and Royce International Premier Fund Institutional Class (RIPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GCSVX achieves a -2.18% return, which is significantly lower than RIPIX's 1.92% return.

GCSVX

• 1D: -0.33%
• 1M: -2.18%
• 6M: -3.86%
• YTD: -2.18%
• 1Y: -4.78%
• 3Y*: 2.48%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -0.84%

RIPIX

• 1D: 2.16%
• 1M: -0.16%
• 6M: 1.27%
• YTD: 1.92%
• 1Y: -2.65%
• 3Y*: 2.08%
• 5Y*: -4.45%
• 10Y*: —
• ALL TIME*: 2.19%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GCSVX Geneva SMID Cap Growth Fund	$0.00	$0.00	$0.00
RIPIX Royce International Premier Fund Institutional Class	$0.00	$0.00	$0.00

GCSVX vs. RIPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GCSVX Geneva SMID Cap Growth Fund	-2.18%	-8.94%	14.70%	19.92%	-24.73%	4.24%
RIPIX Royce International Premier Fund Institutional Class	1.92%	9.89%	-7.04%	8.14%	-26.99%	3.81%

Correlation

The correlation between GCSVX 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.	0.55
Correlation (All Time) Calculated using the full available price history since Dec 6, 2021	0.63

The correlation between GCSVX and RIPIX has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.

Return for Risk

GCSVX vs. RIPIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GCSVX

GCSVX Risk / Return Rank: 1
GCSVX Sharpe Ratio Rank: 2
GCSVX Sortino Ratio Rank: 2
GCSVX Omega Ratio Rank: 2
GCSVX Calmar Ratio Rank: 1
GCSVX Martin Ratio Rank: 1

RIPIX

RIPIX Risk / Return Rank: 3
RIPIX Sharpe Ratio Rank: 3
RIPIX Sortino Ratio Rank: 3
RIPIX Omega Ratio Rank: 3
RIPIX Calmar Ratio Rank: 3
RIPIX Martin Ratio Rank: 3

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GCSVX vs. RIPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Geneva SMID Cap Growth Fund (GCSVX) 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.

	GCSVX	RIPIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.37	-0.19	-0.17
Sortino ratio: Return per unit of downside risk	-0.43	-0.18	-0.25
Omega ratio: Gain probability vs. loss probability	0.95	0.98	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.42	-0.17	-0.25
Martin ratio: Return relative to average drawdown	-1.00	-0.43	-0.58

GCSVX vs. RIPIX - Sharpe Ratio Comparison

The current GCSVX Sharpe Ratio is -0.37, which is lower than the RIPIX Sharpe Ratio of -0.19. The chart below compares the historical Sharpe Ratios of GCSVX and RIPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GCSVX vs. RIPIX - Drawdown Comparison

The maximum GCSVX drawdown since its inception was -33.50%, smaller than the maximum RIPIX drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for GCSVX and RIPIX.

Drawdown Indicators

	GCSVX	RIPIX	Difference
Max Drawdown Largest peak-to-trough decline	-33.50%	-41.89%	+8.39%
Max Drawdown (1Y) Largest decline over 1 year	-14.70%	-15.33%	+0.63%
Max Drawdown (3Y) Largest decline over 3 years	-24.07%	-17.28%	-6.79%
Max Drawdown (5Y) Largest decline over 5 years	—	-41.89%	—
Current Drawdown Current decline from peak	-18.03%	-24.88%	+6.85%
Average Drawdown Average peak-to-trough decline	-14.54%	-18.16%	+3.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.12%	6.21%	-0.09%

Volatility

GCSVX vs. RIPIX - Volatility Comparison

The current volatility for Geneva SMID Cap Growth Fund (GCSVX) is 3.60%, while Royce International Premier Fund Institutional Class (RIPIX) has a volatility of 4.62%. This indicates that GCSVX 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.

Volatility by Period

	GCSVX	RIPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	4.62%	-1.02%
Volatility (6M) Calculated over the trailing 6-month period	12.64%	11.56%	+1.08%
Volatility (1Y) Calculated over the trailing 1-year period	16.80%	13.80%	+3.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.62%	15.54%	+6.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.62%	16.13%	+5.49%

GCSVX vs. RIPIX - Expense Ratio Comparison

GCSVX has a 0.43% expense ratio, which is lower than RIPIX's 1.04% expense ratio.

Dividends

GCSVX vs. RIPIX - Dividend Comparison

GCSVX's dividend yield for the trailing twelve months is around 3.27%, more than RIPIX's 1.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
GCSVX Geneva SMID Cap Growth Fund	3.27%	3.20%	0.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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%

Frequently Asked Questions

Can I hold both GCSVX and RIPIX in my portfolio?

GCSVX 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.

Which is riskier, GCSVX or RIPIX?

RIPIX has higher volatility (4.62%) compared to GCSVX (3.60%). In terms of maximum drawdown, GCSVX dropped -33.50% vs RIPIX's -41.89%.

Which has better risk-adjusted returns?

RIPIX currently has the higher Sharpe Ratio (-0.19 vs -0.37), 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.