PENNX vs. VB
Compare and contrast key facts about Royce Pennsylvania Mutual Fund (PENNX) and Vanguard Small-Cap ETF (VB).
PENNX is managed by Royce Investment Partners. It was launched on Oct 31, 1972. VB is a passively managed fund by Vanguard that tracks the performance of the CRSP US Small Cap. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PENNX or VB.
Key characteristics
| PENNX | VB | |
|---|---|---|
| YTD Return | 7.30% | 10.34% |
| 1Y Return | 19.30% | 22.19% |
| 3Y Return (Ann) | 6.10% | 3.19% |
| 5Y Return (Ann) | 10.88% | 9.98% |
| 10Y Return (Ann) | 8.90% | 9.06% |
| Sharpe Ratio | 1.02 | 1.20 |
| Daily Std Dev | 18.72% | 18.15% |
| Max Drawdown | -57.02% | -59.58% |
| Current Drawdown | -5.11% | -0.26% |
Correlation
The correlation between PENNX and VB 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.
Performance
PENNX vs. VB - Performance Comparison
In the year-to-date period, PENNX achieves a 7.30% return, which is significantly lower than VB's 10.34% return. Both investments have delivered pretty close results over the past 10 years, with PENNX having a 8.90% annualized return and VB not far ahead at 9.06%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PENNX vs. VB - Expense Ratio Comparison
PENNX has a 0.92% expense ratio, which is higher than VB's 0.05% expense ratio.
Risk-Adjusted Performance
PENNX vs. VB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Pennsylvania Mutual Fund (PENNX) and Vanguard Small-Cap ETF (VB). 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.
Dividends
PENNX vs. VB - Dividend Comparison
PENNX's dividend yield for the trailing twelve months is around 4.57%, more than VB's 1.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PENNX Royce Pennsylvania Mutual Fund | 4.57% | 4.91% | 5.19% | 28.20% | 5.05% | 3.85% | 23.68% | 21.27% | 7.15% | 23.31% | 12.18% | 5.38% |
VB Vanguard Small-Cap ETF | 1.43% | 1.55% | 1.59% | 1.24% | 1.14% | 1.39% | 1.67% | 1.35% | 1.50% | 1.48% | 1.43% | 1.31% |
Drawdowns
PENNX vs. VB - Drawdown Comparison
The maximum PENNX drawdown since its inception was -57.02%, roughly equal to the maximum VB drawdown of -59.58%. Use the drawdown chart below to compare losses from any high point for PENNX and VB. For additional features, visit the drawdowns tool.
Volatility
PENNX vs. VB - Volatility Comparison
Royce Pennsylvania Mutual Fund (PENNX) has a higher volatility of 6.06% compared to Vanguard Small-Cap ETF (VB) at 5.12%. This indicates that PENNX's price experiences larger fluctuations and is considered to be riskier than VB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.