PENNX vs. SCHA
Compare and contrast key facts about Royce Pennsylvania Mutual Fund (PENNX) and Schwab U.S. Small-Cap ETF (SCHA).
PENNX is managed by Royce Investment Partners. It was launched on Oct 31, 1972. SCHA is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Small-Cap Total Stock Market Total Return Index. It was launched on Nov 3, 2009.
Performance
PENNX vs. SCHA - Performance Comparison
Loading graphics...
PENNX vs. SCHA - 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% |
SCHA Schwab U.S. Small-Cap ETF | 2.24% | 11.60% | 11.16% | 18.46% | -19.81% | 16.45% | 19.34% | 26.50% | -11.79% | 14.94% |
Returns By Period
In the year-to-date period, PENNX achieves a 0.87% return, which is significantly lower than SCHA's 2.24% return. Over the past 10 years, PENNX has outperformed SCHA with an annualized return of 10.43%, while SCHA has yielded a comparatively lower 9.84% 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%
SCHA
- 1D
- 3.56%
- 1M
- -4.59%
- YTD
- 2.24%
- 6M
- 4.84%
- 1Y
- 25.65%
- 3Y*
- 13.10%
- 5Y*
- 4.29%
- 10Y*
- 9.84%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PENNX vs. SCHA - Expense Ratio Comparison
PENNX has a 0.92% expense ratio, which is higher than SCHA's 0.04% expense ratio.
Return for Risk
PENNX vs. SCHA — Risk / Return Rank
PENNX
SCHA
PENNX vs. SCHA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Pennsylvania Mutual Fund (PENNX) and Schwab U.S. Small-Cap ETF (SCHA). 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 | SCHA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 1.13 | -0.18 |
Sortino ratioReturn per unit of downside risk | 1.46 | 1.69 | -0.23 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.22 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.77 | -0.44 |
Martin ratioReturn relative to average drawdown | 5.24 | 7.39 | -2.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PENNX | SCHA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 1.13 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.20 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.44 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.53 | -0.05 |
Correlation
The correlation between PENNX and SCHA is 0.97, 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. SCHA - Dividend Comparison
PENNX's dividend yield for the trailing twelve months is around 6.64%, more than SCHA's 1.17% 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% |
SCHA Schwab U.S. Small-Cap ETF | 1.17% | 1.26% | 1.51% | 1.42% | 1.37% | 1.19% | 1.05% | 1.39% | 1.58% | 1.24% | 1.50% | 1.48% |
Drawdowns
PENNX vs. SCHA - Drawdown Comparison
The maximum PENNX drawdown since its inception was -57.00%, which is greater than SCHA's maximum drawdown of -42.41%. Use the drawdown chart below to compare losses from any high point for PENNX and SCHA.
Loading graphics...
Drawdown Indicators
| PENNX | SCHA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.00% | -42.41% | -14.59% |
Max Drawdown (1Y)Largest decline over 1 year | -13.65% | -14.35% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -27.58% | -30.79% | +3.21% |
Max Drawdown (10Y)Largest decline over 10 years | -41.10% | -42.41% | +1.31% |
Current DrawdownCurrent decline from peak | -10.21% | -6.28% | -3.93% |
Average DrawdownAverage peak-to-trough decline | -9.43% | -7.65% | -1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 3.43% | +0.04% |
Volatility
PENNX vs. SCHA - Volatility Comparison
The current volatility for Royce Pennsylvania Mutual Fund (PENNX) is 6.36%, while Schwab U.S. Small-Cap ETF (SCHA) has a volatility of 7.40%. This indicates that PENNX experiences smaller price fluctuations and is considered to be less risky than SCHA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PENNX | SCHA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 7.40% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 12.84% | 13.69% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.40% | 22.89% | -0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 21.95% | -1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.49% | 22.67% | -1.18% |