GTTTX vs. RYPNX

Last updated Jun 23, 2026

GTTTX (Goldman Sachs Small Cap Value Insights Fund Investor Class) and RYPNX (Royce Opportunity Fund) are both Small Cap Value Equities funds. Over the past 10 years, GTTTX returned 14.66%/yr vs 15.15%/yr for RYPNX. With a 0.95 correlation, they move nearly in lockstep. GTTTX charges 0.95%/yr vs 1.21%/yr for RYPNX.

Performance

GTTTX vs. RYPNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Small Cap Value Insights Fund Investor Class (GTTTX) and Royce Opportunity Fund (RYPNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GTTTX achieves a 21.83% return, which is significantly lower than RYPNX's 31.78% return. Both investments have delivered pretty close results over the past 10 years, with GTTTX having a 14.66% annualized return and RYPNX not far ahead at 15.15%.

GTTTX

• 1D: 1.91%
• 1M: 4.27%
• YTD: 21.83%
• 6M: 18.83%
• 1Y: 47.73%
• 3Y*: 30.96%
• 5Y*: 16.64%
• 10Y*: 14.66%

RYPNX

• 1D: 1.90%
• 1M: 5.98%
• YTD: 31.78%
• 6M: 29.25%
• 1Y: 56.63%
• 3Y*: 20.71%
• 5Y*: 10.65%
• 10Y*: 15.15%

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

GTTTX vs. RYPNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GTTTX Goldman Sachs Small Cap Value Insights Fund Investor Class	21.83%	12.83%	45.27%	17.37%	-13.66%	32.94%	0.21%	23.37%	-10.83%	7.34%
RYPNX Royce Opportunity Fund	31.78%	11.95%	10.20%	19.72%	-17.19%	30.34%	26.52%	28.24%	-20.10%	21.69%

Correlation

The correlation between GTTTX and RYPNX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008	0.95

The correlation between GTTTX and RYPNX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

GTTTX vs. RYPNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GTTTX

GTTTX Risk / Return Rank: 85
GTTTX Sharpe Ratio Rank: 85
GTTTX Sortino Ratio Rank: 81
GTTTX Omega Ratio Rank: 71
GTTTX Calmar Ratio Rank: 95
GTTTX Martin Ratio Rank: 93

RYPNX

RYPNX Risk / Return Rank: 82
RYPNX Sharpe Ratio Rank: 85
RYPNX Sortino Ratio Rank: 77
RYPNX Omega Ratio Rank: 66
RYPNX Calmar Ratio Rank: 92
RYPNX Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GTTTX vs. RYPNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Small Cap Value Insights Fund Investor Class (GTTTX) 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.

	GTTTX	RYPNX	Difference
Sharpe ratio: Return per unit of total volatility	2.56	2.55	+0.01
Sortino ratio: Return per unit of downside risk	3.54	3.35	+0.19
Omega ratio: Gain probability vs. loss probability	1.43	1.41	+0.02
Calmar ratio: Return relative to maximum drawdown	5.21	4.67	+0.54
Martin ratio: Return relative to average drawdown	18.33	17.70	+0.63

GTTTX vs. RYPNX - Sharpe Ratio Comparison

The current GTTTX Sharpe Ratio is 2.56, which is comparable to the RYPNX Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of GTTTX and RYPNX, 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

GTTTX vs. RYPNX - Drawdown Comparison

The maximum GTTTX drawdown since its inception was -56.58%, smaller than the maximum RYPNX drawdown of -69.31%. Use the drawdown chart below to compare losses from any high point for GTTTX and RYPNX.

Drawdown Indicators

	GTTTX	RYPNX	Difference
Max Drawdown Largest peak-to-trough decline	-56.58%	-69.31%	+12.73%
Max Drawdown (1Y) Largest decline over 1 year	-9.16%	-12.01%	+2.85%
Max Drawdown (3Y) Largest decline over 3 years	-39.29%	-30.23%	-9.06%
Max Drawdown (5Y) Largest decline over 5 years	-39.29%	-30.77%	-8.52%
Max Drawdown (10Y) Largest decline over 10 years	-47.29%	-50.61%	+3.32%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.91%	-10.65%	+0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	3.16%	-0.57%

Volatility

GTTTX vs. RYPNX - Volatility Comparison

The current volatility for Goldman Sachs Small Cap Value Insights Fund Investor Class (GTTTX) is 5.76%, while Royce Opportunity Fund (RYPNX) has a volatility of 7.41%. This indicates that GTTTX 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.

Volatility by Period

	GTTTX	RYPNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.76%	7.41%	-1.65%
Volatility (6M) Calculated over the trailing 6-month period	12.72%	15.50%	-2.78%
Volatility (1Y) Calculated over the trailing 1-year period	18.66%	22.00%	-3.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.35%	24.35%	+11.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.83%	25.39%	+5.44%

GTTTX vs. RYPNX - Expense Ratio Comparison

GTTTX has a 0.95% expense ratio, which is lower than RYPNX's 1.21% expense ratio.

Dividends

GTTTX vs. RYPNX - Dividend Comparison

GTTTX's dividend yield for the trailing twelve months is around 6.89%, less than RYPNX's 7.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GTTTX Goldman Sachs Small Cap Value Insights Fund Investor Class	6.89%	8.39%	52.07%	1.87%	3.85%	40.18%	0.90%	0.90%	12.37%	11.87%	4.51%	7.00%
RYPNX Royce Opportunity Fund	7.31%	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

Can I hold both GTTTX and RYPNX in my portfolio?

With a correlation of 0.95, GTTTX and RYPNX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GTTTX or RYPNX?

RYPNX has higher volatility (7.41%) compared to GTTTX (5.76%). In terms of maximum drawdown, GTTTX dropped -56.58% vs RYPNX's -69.31%.

Which has better risk-adjusted returns?

GTTTX currently has the higher Sharpe Ratio (2.56 vs 2.55), 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.