HDPMX vs. RYDVX
HDPMX (Hodges Fund) and RYDVX (Royce Dividend Value Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, HDPMX returned 13.87%/yr vs 11.46%/yr for RYDVX. Their correlation of 0.84 means they have usually moved in the same direction. HDPMX charges 1.17%/yr vs 1.34%/yr for RYDVX.
Performance
HDPMX vs. RYDVX - Performance Comparison
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Returns By Period
In the year-to-date period, HDPMX achieves a 22.63% return, which is significantly higher than RYDVX's 19.75% return. Over the past 10 years, HDPMX has outperformed RYDVX with an annualized return of 13.87%, while RYDVX has yielded a comparatively lower 11.46% annualized return.
HDPMX
- 1D
- 3.15%
- 1M
- -4.75%
- 6M
- 17.93%
- YTD
- 22.63%
- 1Y
- 39.06%
- 3Y*
- 27.18%
- 5Y*
- 15.00%
- 10Y*
- 13.87%
- ALL TIME*
- 10.33%
RYDVX
- 1D
- -0.38%
- 1M
- 3.54%
- 6M
- 11.63%
- YTD
- 19.75%
- 1Y
- 32.11%
- 3Y*
- 18.49%
- 5Y*
- 11.07%
- 10Y*
- 11.46%
- ALL TIME*
- 9.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
HDPMX Hodges Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
HDPMX vs. RYDVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDPMX Hodges Fund | 22.63% | 24.06% | 29.32% | 29.81% | -21.80% | 29.50% | 29.58% | 23.02% | -34.39% | 13.87% |
RYDVX Royce Dividend Value Fund | 19.75% | 9.44% | 19.41% | 23.29% | -13.63% | 20.00% | 4.45% | 30.00% | -16.33% | 21.39% |
Correlation
The correlation between HDPMX and RYDVX is 0.59, 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. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | 0.84 |
Over the past year, the correlation between HDPMX and RYDVX has dropped to 0.59 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.
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Return for Risk
HDPMX vs. RYDVX — Risk / Return Rank
HDPMX
RYDVX
HDPMX vs. RYDVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hodges Fund (HDPMX) and Royce Dividend Value Fund (RYDVX). 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.
| HDPMX | RYDVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 2.31 | +0.24 |
| Martin ratioReturn relative to average drawdown | 8.58 | 6.68 | +1.90 |
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Drawdowns
HDPMX vs. RYDVX - Drawdown Comparison
The maximum HDPMX drawdown since its inception was -69.66%, which is greater than RYDVX's maximum drawdown of -53.36%. Use the drawdown chart below to compare losses from any high point for HDPMX and RYDVX.
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Drawdown Indicators
| HDPMX | RYDVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.66% | -53.36% | -16.30% |
Max Drawdown (1Y)Largest decline over 1 year | -13.05% | -12.32% | -0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -32.65% | -21.45% | -11.20% |
Max Drawdown (5Y)Largest decline over 5 years | -36.68% | -27.35% | -9.33% |
Max Drawdown (10Y)Largest decline over 10 years | -67.16% | -41.49% | -25.67% |
Current DrawdownCurrent decline from peak | -8.73% | -0.75% | -7.98% |
Average DrawdownAverage peak-to-trough decline | -15.69% | -7.49% | -8.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 4.26% | -0.38% |
Volatility
HDPMX vs. RYDVX - Volatility Comparison
Hodges Fund (HDPMX) has a higher volatility of 6.94% compared to Royce Dividend Value Fund (RYDVX) at 4.57%. This indicates that HDPMX's price experiences larger fluctuations and is considered to be riskier than RYDVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDPMX | RYDVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.94% | 4.57% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 19.29% | 11.73% | +7.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.42% | 18.50% | +5.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.80% | 19.07% | +10.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.42% | 19.62% | +10.80% |
HDPMX vs. RYDVX - Expense Ratio Comparison
HDPMX has a 1.17% expense ratio, which is lower than RYDVX's 1.34% expense ratio.
Dividends
HDPMX vs. RYDVX - Dividend Comparison
HDPMX's dividend yield for the trailing twelve months is around 7.74%, less than RYDVX's 154.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDPMX Hodges Fund | 7.74% | 9.50% | 15.93% | 0.72% | 0.49% | 0.00% | 0.00% | 0.00% | 10.67% | 7.26% | 0.00% | 1.04% |
RYDVX Royce Dividend Value Fund | 154.32% | 185.21% | 21.24% | 11.80% | 0.57% | 14.07% | 5.55% | 15.61% | 14.15% | 14.26% | 10.48% | 11.39% |
Frequently Asked Questions
HDPMX and RYDVX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDPMX has higher volatility (6.94%) compared to RYDVX (4.57%). In terms of maximum drawdown, HDPMX dropped -69.66% vs RYDVX's -53.36%.
RYDVX currently has the higher Sharpe Ratio (1.54 vs 1.36), 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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