JCCIX vs. RYOTX

Last updated Aug 5, 2026

JCCIX (John Hancock Small Cap Core Fund) and RYOTX (Royce Micro Cap Series Fund) are both Small Cap Blend Equities funds. Over the past 10 years, JCCIX returned 10.29%/yr vs 13.37%/yr for RYOTX. Their correlation of 0.92 means they have usually moved in the same direction. JCCIX charges 0.98%/yr vs 1.20%/yr for RYOTX.

Performance

JCCIX vs. RYOTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Small Cap Core Fund (JCCIX) and Royce Micro Cap Series Fund (RYOTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JCCIX achieves a 25.85% return, which is significantly lower than RYOTX's 37.56% return. Over the past 10 years, JCCIX has underperformed RYOTX with an annualized return of 10.29%, while RYOTX has yielded a comparatively higher 13.37% annualized return.

JCCIX

• 1D: 1.50%
• 1M: -0.54%
• 6M: 20.76%
• YTD: 25.85%
• 1Y: 32.82%
• 3Y*: 11.64%
• 5Y*: 6.38%
• 10Y*: 10.29%
• ALL TIME*: 9.20%

RYOTX

• 1D: 2.70%
• 1M: -1.87%
• 6M: 23.38%
• YTD: 37.56%
• 1Y: 55.30%
• 3Y*: 22.89%
• 5Y*: 11.86%
• 10Y*: 13.37%
• ALL TIME*: 11.44%

*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)
JCCIX John Hancock Small Cap Core Fund	$0.00	$0.00	$0.00
RYOTX Royce Micro Cap Series Fund	$0.00	$0.00	$0.00

JCCIX vs. RYOTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JCCIX John Hancock Small Cap Core Fund	25.85%	-1.90%	10.62%	16.52%	-19.09%	24.10%	25.99%	26.79%	-18.28%	16.04%
RYOTX Royce Micro Cap Series Fund	37.56%	13.51%	13.24%	19.51%	-22.66%	30.36%	24.56%	21.19%	-9.09%	5.29%

Correlation

The correlation between JCCIX and RYOTX is 0.87, 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.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (10Y) Provides a long-term view across more market conditions.	0.92
Correlation (All Time) Calculated using the full available price history since Dec 23, 2013	0.92

The correlation between JCCIX and RYOTX has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

Return for Risk

JCCIX vs. RYOTX — Risk / Return Rank

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

JCCIX

JCCIX Risk / Return Rank: 76
JCCIX Sharpe Ratio Rank: 75
JCCIX Sortino Ratio Rank: 74
JCCIX Omega Ratio Rank: 65
JCCIX Calmar Ratio Rank: 87
JCCIX Martin Ratio Rank: 79

RYOTX

RYOTX Risk / Return Rank: 90
RYOTX Sharpe Ratio Rank: 92
RYOTX Sortino Ratio Rank: 86
RYOTX Omega Ratio Rank: 80
RYOTX Calmar Ratio Rank: 96
RYOTX Martin Ratio Rank: 95

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.

JCCIX vs. RYOTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Small Cap Core Fund (JCCIX) and Royce Micro Cap Series Fund (RYOTX). 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.

	JCCIX	RYOTX	Difference
Sharpe ratio: Return per unit of total volatility	1.86	2.45	-0.59
Sortino ratio: Return per unit of downside risk	2.66	3.17	-0.52
Omega ratio: Gain probability vs. loss probability	1.32	1.39	-0.07
Calmar ratio: Return relative to maximum drawdown	3.35	4.85	-1.50
Martin ratio: Return relative to average drawdown	10.67	16.10	-5.43

JCCIX vs. RYOTX - Sharpe Ratio Comparison

The current JCCIX Sharpe Ratio is 1.86, which is comparable to the RYOTX Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of JCCIX and RYOTX, 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

JCCIX vs. RYOTX - Drawdown Comparison

The maximum JCCIX drawdown since its inception was -38.69%, smaller than the maximum RYOTX drawdown of -56.86%. Use the drawdown chart below to compare losses from any high point for JCCIX and RYOTX.

Drawdown Indicators

	JCCIX	RYOTX	Difference
Max Drawdown Largest peak-to-trough decline	-38.69%	-56.86%	+18.17%
Max Drawdown (1Y) Largest decline over 1 year	-10.42%	-12.10%	+1.68%
Max Drawdown (3Y) Largest decline over 3 years	-27.47%	-29.83%	+2.36%
Max Drawdown (5Y) Largest decline over 5 years	-27.47%	-35.84%	+8.37%
Max Drawdown (10Y) Largest decline over 10 years	-38.69%	-44.87%	+6.18%
Current Drawdown Current decline from peak	-2.17%	-5.41%	+3.24%
Average Drawdown Average peak-to-trough decline	-7.53%	-9.40%	+1.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	3.64%	-0.37%

Volatility

JCCIX vs. RYOTX - Volatility Comparison

The current volatility for John Hancock Small Cap Core Fund (JCCIX) is 4.16%, while Royce Micro Cap Series Fund (RYOTX) has a volatility of 6.63%. This indicates that JCCIX experiences smaller price fluctuations and is considered to be less risky than RYOTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JCCIX	RYOTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	6.63%	-2.47%
Volatility (6M) Calculated over the trailing 6-month period	13.42%	17.94%	-4.52%
Volatility (1Y) Calculated over the trailing 1-year period	18.82%	24.01%	-5.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.65%	23.67%	-2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.50%	23.28%	-1.78%

JCCIX vs. RYOTX - Expense Ratio Comparison

JCCIX has a 0.98% expense ratio, which is lower than RYOTX's 1.20% expense ratio.

Dividends

JCCIX vs. RYOTX - Dividend Comparison

JCCIX's dividend yield for the trailing twelve months is around 3.60%, less than RYOTX's 10.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JCCIX John Hancock Small Cap Core Fund	3.60%	4.53%	0.96%	0.83%	0.99%	12.20%	1.43%	0.00%	5.55%	11.90%	0.73%	1.07%
RYOTX Royce Micro Cap Series Fund	10.86%	14.94%	12.20%	6.97%	5.10%	23.10%	7.40%	2.72%	13.95%	7.76%	11.41%	12.99%

Frequently Asked Questions

Can I hold both JCCIX and RYOTX in my portfolio?

JCCIX and RYOTX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JCCIX or RYOTX?

RYOTX has higher volatility (6.63%) compared to JCCIX (4.16%). In terms of maximum drawdown, JCCIX dropped -38.69% vs RYOTX's -56.86%.

Which has better risk-adjusted returns?

RYOTX currently has the higher Sharpe Ratio (2.45 vs 1.86), 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.