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PENNX vs. VB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PENNX and VB is 0.96, 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.


-0.50.00.51.01.0

Performance

PENNX vs. VB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Royce Pennsylvania Mutual Fund (PENNX) and Vanguard Small-Cap ETF (VB). The values are adjusted to include any dividend payments, if applicable.

0.00%100.00%200.00%300.00%400.00%500.00%600.00%JulyAugustSeptemberOctoberNovemberDecember
5.14%
566.78%
PENNX
VB

Key characteristics

Sharpe Ratio

PENNX:

0.04

VB:

1.01

Sortino Ratio

PENNX:

0.19

VB:

1.46

Omega Ratio

PENNX:

1.03

VB:

1.18

Calmar Ratio

PENNX:

0.02

VB:

1.49

Martin Ratio

PENNX:

0.18

VB:

5.27

Ulcer Index

PENNX:

4.45%

VB:

3.26%

Daily Std Dev

PENNX:

20.50%

VB:

17.09%

Max Drawdown

PENNX:

-61.83%

VB:

-59.58%

Current Drawdown

PENNX:

-38.76%

VB:

-7.20%

Returns By Period

In the year-to-date period, PENNX achieves a -1.63% return, which is significantly lower than VB's 14.92% return. Over the past 10 years, PENNX has underperformed VB with an annualized return of -3.29%, while VB has yielded a comparatively higher 9.15% annualized return.


PENNX

YTD

-1.63%

1M

-11.38%

6M

-5.25%

1Y

-0.88%

5Y*

-0.63%

10Y*

-3.29%

VB

YTD

14.92%

1M

-4.35%

6M

12.01%

1Y

14.66%

5Y*

9.44%

10Y*

9.15%

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. VB - Expense Ratio Comparison

PENNX has a 0.92% expense ratio, which is higher than VB's 0.05% expense ratio.


PENNX
Royce Pennsylvania Mutual Fund
Expense ratio chart for PENNX: current value at 0.92% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.92%
Expense ratio chart for VB: current value at 0.05% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.05%

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.


Sharpe ratio
The chart of Sharpe ratio for PENNX, currently valued at 0.04, compared to the broader market-1.000.001.002.003.004.000.041.01
The chart of Sortino ratio for PENNX, currently valued at 0.19, compared to the broader market-2.000.002.004.006.008.0010.000.191.46
The chart of Omega ratio for PENNX, currently valued at 1.03, compared to the broader market0.501.001.502.002.503.003.501.031.18
The chart of Calmar ratio for PENNX, currently valued at 0.02, compared to the broader market0.002.004.006.008.0010.0012.0014.000.021.49
The chart of Martin ratio for PENNX, currently valued at 0.18, compared to the broader market0.0020.0040.0060.000.185.27
PENNX
VB

The current PENNX Sharpe Ratio is 0.04, which is lower than the VB Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of PENNX and VB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
0.04
1.01
PENNX
VB

Dividends

PENNX vs. VB - Dividend Comparison

PENNX has not paid dividends to shareholders, while VB's dividend yield for the trailing twelve months is around 0.92%.


TTM20232022202120202019201820172016201520142013
PENNX
Royce Pennsylvania Mutual Fund
0.00%0.39%0.08%0.06%0.59%0.26%0.19%0.58%0.36%1.04%0.36%0.01%
VB
Vanguard Small-Cap ETF
0.92%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 -61.83%, 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.


-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-38.76%
-7.20%
PENNX
VB

Volatility

PENNX vs. VB - Volatility Comparison

Royce Pennsylvania Mutual Fund (PENNX) has a higher volatility of 10.26% compared to Vanguard Small-Cap ETF (VB) at 5.71%. 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.


4.00%6.00%8.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
10.26%
5.71%
PENNX
VB
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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