NMCIX vs. RIPIX
NMCIX (Voya MidCap Opportunities Fund) and RIPIX (Royce International Premier Fund Institutional Class) are both Mid Cap Growth Equities funds. Over the past 5 years, NMCIX returned 2.92%/yr vs -4.60%/yr for RIPIX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. NMCIX charges 0.93%/yr vs 1.04%/yr for RIPIX.
Performance
NMCIX vs. RIPIX - Performance Comparison
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Returns By Period
In the year-to-date period, NMCIX achieves a 6.06% return, which is significantly higher than RIPIX's 1.12% return.
NMCIX
- 1D
- 0.16%
- 1M
- -3.24%
- 6M
- 5.61%
- YTD
- 6.06%
- 1Y
- 1.55%
- 3Y*
- 9.43%
- 5Y*
- 2.92%
- 10Y*
- 11.29%
- ALL TIME*
- 9.72%
RIPIX
- 1D
- -0.78%
- 1M
- -0.94%
- 6M
- 0.48%
- YTD
- 1.12%
- 1Y
- -3.41%
- 3Y*
- 2.13%
- 5Y*
- -4.60%
- 10Y*
- —
- ALL TIME*
- 2.09%
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 |
NMCIX vs. RIPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NMCIX Voya MidCap Opportunities Fund | 6.06% | 3.45% | 15.64% | 23.34% | -25.31% | 11.38% | 40.69% | 37.57% | -10.63% |
RIPIX Royce International Premier Fund Institutional Class | 1.12% | 9.89% | -7.04% | 8.14% | -26.99% | 6.22% | 16.11% | 34.69% | -12.52% |
Correlation
The correlation between NMCIX and RIPIX is 0.52, 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. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.61 |
Correlation (All Time) Calculated using the full available price history since May 18, 2018 | 0.61 |
The correlation between NMCIX and RIPIX has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.
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Return for Risk
NMCIX vs. RIPIX — Risk / Return Rank
NMCIX
RIPIX
NMCIX vs. RIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya MidCap Opportunities Fund (NMCIX) 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.
| NMCIX | RIPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.97 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | -0.22 | +0.32 |
| Martin ratioReturn relative to average drawdown | 0.28 | -0.54 | +0.82 |
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Drawdowns
NMCIX vs. RIPIX - Drawdown Comparison
The maximum NMCIX drawdown since its inception was -68.41%, which is greater than RIPIX's maximum drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for NMCIX and RIPIX.
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Drawdown Indicators
| NMCIX | RIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.41% | -41.89% | -26.52% |
Max Drawdown (1Y)Largest decline over 1 year | -17.38% | -15.33% | -2.05% |
Max Drawdown (3Y)Largest decline over 3 years | -26.22% | -17.28% | -8.94% |
Max Drawdown (5Y)Largest decline over 5 years | -39.00% | -41.89% | +2.89% |
Max Drawdown (10Y)Largest decline over 10 years | -39.00% | — | — |
Current DrawdownCurrent decline from peak | -5.15% | -25.47% | +20.32% |
Average DrawdownAverage peak-to-trough decline | -20.79% | -18.16% | -2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.77% | 6.22% | -0.45% |
Volatility
NMCIX vs. RIPIX - Volatility Comparison
Voya MidCap Opportunities Fund (NMCIX) and Royce International Premier Fund Institutional Class (RIPIX) have volatilities of 4.45% and 4.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NMCIX | RIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.45% | 4.63% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 15.53% | 11.55% | +3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.55% | 13.79% | +5.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.13% | 15.54% | +7.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.12% | 16.12% | +6.00% |
NMCIX vs. RIPIX - Expense Ratio Comparison
NMCIX has a 0.93% expense ratio, which is lower than RIPIX's 1.04% expense ratio.
Dividends
NMCIX vs. RIPIX - Dividend Comparison
NMCIX's dividend yield for the trailing twelve months is around 13.16%, more than RIPIX's 1.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMCIX Voya MidCap Opportunities Fund | 13.16% | 13.96% | 10.01% | 0.72% | 0.00% | 21.64% | 17.74% | 12.19% | 19.82% | 13.64% | 6.06% | 8.73% |
RIPIX Royce International Premier Fund Institutional Class | 1.44% | 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
NMCIX and RIPIX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIPIX has higher volatility (4.63%) compared to NMCIX (4.45%). In terms of maximum drawdown, NMCIX dropped -68.41% vs RIPIX's -41.89%.
NMCIX currently has the higher Sharpe Ratio (0.09 vs -0.24), 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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