PENNX vs. AZBIX
Compare and contrast key facts about Royce Pennsylvania Mutual Fund (PENNX) and Virtus Small-Cap Fund (AZBIX).
PENNX is managed by Royce Investment Partners. It was launched on Oct 31, 1972. AZBIX is managed by Allianz. It was launched on Jul 1, 2013.
Performance
PENNX vs. AZBIX - Performance Comparison
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PENNX vs. AZBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PENNX Royce Pennsylvania Mutual Fund | 3.90% | 9.02% | 7.02% | 26.82% | -17.18% | 21.49% | 14.11% | 26.61% | -9.94% | 16.00% |
AZBIX Virtus Small-Cap Fund | 2.47% | 8.49% | 19.06% | 14.09% | -18.04% | 18.92% | 16.98% | 24.13% | -9.25% | 21.27% |
Returns By Period
In the year-to-date period, PENNX achieves a 3.90% return, which is significantly higher than AZBIX's 2.47% return. Both investments have delivered pretty close results over the past 10 years, with PENNX having a 10.76% annualized return and AZBIX not far behind at 10.62%.
PENNX
- 1D
- 3.00%
- 1M
- -6.52%
- YTD
- 3.90%
- 6M
- 5.66%
- 1Y
- 24.43%
- 3Y*
- 12.44%
- 5Y*
- 5.97%
- 10Y*
- 10.76%
AZBIX
- 1D
- 3.39%
- 1M
- -4.85%
- YTD
- 2.47%
- 6M
- 0.78%
- 1Y
- 21.35%
- 3Y*
- 12.90%
- 5Y*
- 5.52%
- 10Y*
- 10.62%
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PENNX vs. AZBIX - Expense Ratio Comparison
PENNX has a 0.92% expense ratio, which is higher than AZBIX's 0.89% expense ratio.
Return for Risk
PENNX vs. AZBIX — Risk / Return Rank
PENNX
AZBIX
PENNX vs. AZBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Pennsylvania Mutual Fund (PENNX) and Virtus Small-Cap Fund (AZBIX). 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.
| PENNX | AZBIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 1.11 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.66 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.85 | -0.05 |
Martin ratioReturn relative to average drawdown | 7.01 | 6.82 | +0.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PENNX | AZBIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 1.11 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.27 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.50 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.49 | -0.01 |
Correlation
The correlation between PENNX and AZBIX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PENNX vs. AZBIX - Dividend Comparison
PENNX's dividend yield for the trailing twelve months is around 6.45%, more than AZBIX's 4.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PENNX Royce Pennsylvania Mutual Fund | 6.45% | 6.70% | 9.35% | 4.91% | 5.19% | 28.20% | 5.05% | 3.85% | 23.68% | 21.27% | 7.15% | 23.31% |
AZBIX Virtus Small-Cap Fund | 4.78% | 4.90% | 10.82% | 2.31% | 4.78% | 13.82% | 0.45% | 0.38% | 9.62% | 13.80% | 0.03% | 3.59% |
Drawdowns
PENNX vs. AZBIX - Drawdown Comparison
The maximum PENNX drawdown since its inception was -57.00%, which is greater than AZBIX's maximum drawdown of -40.80%. Use the drawdown chart below to compare losses from any high point for PENNX and AZBIX.
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Drawdown Indicators
| PENNX | AZBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.00% | -40.80% | -16.20% |
Max Drawdown (1Y)Largest decline over 1 year | -13.65% | -11.76% | -1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -27.58% | -29.85% | +2.27% |
Max Drawdown (10Y)Largest decline over 10 years | -41.10% | -40.80% | -0.30% |
Current DrawdownCurrent decline from peak | -7.51% | -5.35% | -2.16% |
Average DrawdownAverage peak-to-trough decline | -9.43% | -7.80% | -1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 3.19% | +0.31% |
Volatility
PENNX vs. AZBIX - Volatility Comparison
Royce Pennsylvania Mutual Fund (PENNX) and Virtus Small-Cap Fund (AZBIX) have volatilities of 7.09% and 7.23%, 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
| PENNX | AZBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 7.23% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 13.16% | 13.00% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.55% | 19.97% | +2.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.71% | 20.54% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.51% | 21.31% | +0.20% |