PENNX vs. RYVFX
Compare and contrast key facts about Royce Pennsylvania Mutual Fund (PENNX) and Royce Small-Cap Value Fund (RYVFX).
PENNX is managed by Royce Investment Partners. It was launched on Oct 31, 1972. RYVFX is managed by Royce Investment Partners. It was launched on Jun 14, 2001.
Performance
PENNX vs. RYVFX - Performance Comparison
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PENNX vs. RYVFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PENNX Royce Pennsylvania Mutual Fund | 0.87% | 9.02% | 7.02% | 26.82% | -17.18% | 21.49% | 14.11% | 26.61% | -9.94% | 16.00% |
RYVFX Royce Small-Cap Value Fund | 2.26% | 6.77% | 3.20% | 26.40% | -10.18% | 28.15% | -6.47% | 18.26% | -7.37% | 4.93% |
Returns By Period
In the year-to-date period, PENNX achieves a 0.87% return, which is significantly lower than RYVFX's 2.26% return. Over the past 10 years, PENNX has outperformed RYVFX with an annualized return of 10.43%, while RYVFX has yielded a comparatively lower 6.93% annualized return.
PENNX
- 1D
- -1.17%
- 1M
- -8.36%
- YTD
- 0.87%
- 6M
- 2.90%
- 1Y
- 21.24%
- 3Y*
- 11.33%
- 5Y*
- 5.76%
- 10Y*
- 10.43%
RYVFX
- 1D
- -0.30%
- 1M
- -4.42%
- YTD
- 2.26%
- 6M
- 3.20%
- 1Y
- 22.39%
- 3Y*
- 11.43%
- 5Y*
- 6.31%
- 10Y*
- 6.93%
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PENNX vs. RYVFX - Expense Ratio Comparison
PENNX has a 0.92% expense ratio, which is lower than RYVFX's 1.49% expense ratio.
Return for Risk
PENNX vs. RYVFX — Risk / Return Rank
PENNX
RYVFX
PENNX vs. RYVFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Pennsylvania Mutual Fund (PENNX) and Royce Small-Cap Value Fund (RYVFX). 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 | RYVFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 1.01 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.46 | 1.55 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.48 | -0.15 |
Martin ratioReturn relative to average drawdown | 5.24 | 4.80 | +0.45 |
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 | RYVFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 1.01 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.31 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.31 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.35 | +0.13 |
Correlation
The correlation between PENNX and RYVFX is 0.94, 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. RYVFX - Dividend Comparison
PENNX's dividend yield for the trailing twelve months is around 6.64%, less than RYVFX's 9.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PENNX Royce Pennsylvania Mutual Fund | 6.64% | 6.70% | 9.35% | 4.91% | 5.19% | 28.20% | 5.05% | 3.85% | 23.68% | 21.27% | 7.15% | 23.31% |
RYVFX Royce Small-Cap Value Fund | 9.94% | 10.17% | 6.03% | 8.20% | 6.02% | 5.77% | 3.92% | 3.19% | 13.14% | 3.45% | 5.59% | 19.64% |
Drawdowns
PENNX vs. RYVFX - Drawdown Comparison
The maximum PENNX drawdown since its inception was -57.00%, roughly equal to the maximum RYVFX drawdown of -57.72%. Use the drawdown chart below to compare losses from any high point for PENNX and RYVFX.
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Drawdown Indicators
| PENNX | RYVFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.00% | -57.72% | +0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -13.65% | -13.66% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -27.58% | -28.20% | +0.62% |
Max Drawdown (10Y)Largest decline over 10 years | -41.10% | -48.56% | +7.46% |
Current DrawdownCurrent decline from peak | -10.21% | -7.01% | -3.20% |
Average DrawdownAverage peak-to-trough decline | -9.43% | -9.86% | +0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 4.22% | -0.75% |
Volatility
PENNX vs. RYVFX - Volatility Comparison
Royce Pennsylvania Mutual Fund (PENNX) has a higher volatility of 6.36% compared to Royce Small-Cap Value Fund (RYVFX) at 4.79%. This indicates that PENNX's price experiences larger fluctuations and is considered to be riskier than RYVFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PENNX | RYVFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 4.79% | +1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 12.84% | 12.09% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.40% | 22.57% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 20.56% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.49% | 22.48% | -0.99% |