HAGAX vs. RIPIX
HAGAX (Carillon Eagle Mid Cap Growth Fund) and RIPIX (Royce International Premier Fund Institutional Class) are both Mid Cap Growth Equities funds. Over the past 5 years, HAGAX returned 1.88%/yr vs -4.45%/yr for RIPIX. Their 0.62 correlation means they have sometimes moved together and sometimes differently. HAGAX charges 1.03%/yr vs 1.04%/yr for RIPIX.
Performance
HAGAX vs. RIPIX - Performance Comparison
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Returns By Period
In the year-to-date period, HAGAX achieves a 5.06% return, which is significantly higher than RIPIX's 1.92% return.
HAGAX
- 1D
- 1.37%
- 1M
- -3.38%
- 6M
- 4.61%
- YTD
- 5.06%
- 1Y
- 3.66%
- 3Y*
- 8.68%
- 5Y*
- 1.88%
- 10Y*
- 10.98%
- ALL TIME*
- 10.23%
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%
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 |
HAGAX vs. RIPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HAGAX Carillon Eagle Mid Cap Growth Fund | 5.06% | 4.50% | 12.64% | 19.76% | -25.85% | 11.19% | 39.79% | 34.50% | -12.75% |
RIPIX Royce International Premier Fund Institutional Class | 1.92% | 9.89% | -7.04% | 8.14% | -26.99% | 6.22% | 16.11% | 34.69% | -12.52% |
Correlation
The correlation between HAGAX 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. | 0.64 |
Correlation (All Time) Calculated using the full available price history since May 18, 2018 | 0.62 |
The correlation between HAGAX and RIPIX has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.
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Return for Risk
HAGAX vs. RIPIX — Risk / Return Rank
HAGAX
RIPIX
HAGAX vs. RIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carillon Eagle Mid Cap Growth Fund (HAGAX) 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.
| HAGAX | RIPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.98 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | -0.17 | +0.26 |
| Martin ratioReturn relative to average drawdown | 0.28 | -0.43 | +0.71 |
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Drawdowns
HAGAX vs. RIPIX - Drawdown Comparison
The maximum HAGAX drawdown since its inception was -52.32%, which is greater than RIPIX's maximum drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for HAGAX and RIPIX.
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Drawdown Indicators
| HAGAX | RIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.32% | -41.89% | -10.43% |
Max Drawdown (1Y)Largest decline over 1 year | -12.53% | -15.33% | +2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -26.77% | -17.28% | -9.49% |
Max Drawdown (5Y)Largest decline over 5 years | -34.36% | -41.89% | +7.53% |
Max Drawdown (10Y)Largest decline over 10 years | -37.05% | — | — |
Current DrawdownCurrent decline from peak | -5.46% | -24.88% | +19.42% |
Average DrawdownAverage peak-to-trough decline | -12.58% | -18.16% | +5.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 6.21% | -2.28% |
Volatility
HAGAX vs. RIPIX - Volatility Comparison
The current volatility for Carillon Eagle Mid Cap Growth Fund (HAGAX) is 4.17%, while Royce International Premier Fund Institutional Class (RIPIX) has a volatility of 4.62%. This indicates that HAGAX 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.
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Volatility by Period
| HAGAX | RIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 4.62% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 14.40% | 11.56% | +2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.91% | 13.80% | +4.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.06% | 15.54% | +6.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.84% | 16.13% | +5.71% |
HAGAX vs. RIPIX - Expense Ratio Comparison
HAGAX has a 1.03% expense ratio, which is lower than RIPIX's 1.04% expense ratio.
Dividends
HAGAX vs. RIPIX - Dividend Comparison
HAGAX's dividend yield for the trailing twelve months is around 13.19%, more than RIPIX's 1.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAGAX Carillon Eagle Mid Cap Growth Fund | 13.19% | 13.86% | 13.00% | 11.74% | 1.41% | 10.82% | 2.26% | 2.19% | 5.95% | 2.69% | 0.00% | 1.67% |
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
HAGAX 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 (4.62%) compared to HAGAX (4.17%). In terms of maximum drawdown, HAGAX dropped -52.32% vs RIPIX's -41.89%.
HAGAX currently has the higher Sharpe Ratio (0.06 vs -0.19), 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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