PENNX vs. VTWO
Compare and contrast key facts about Royce Pennsylvania Mutual Fund (PENNX) and Vanguard Russell 2000 ETF (VTWO).
PENNX is managed by Royce Investment Partners. It was launched on Oct 31, 1972. VTWO is a passively managed fund by Vanguard that tracks the performance of the Russell 2000 Index. It was launched on Sep 20, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PENNX or VTWO.
Correlation
The correlation between PENNX and VTWO is 0.95, 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. VTWO - Performance Comparison
Key characteristics
PENNX:
0.04
VTWO:
0.72
PENNX:
0.19
VTWO:
1.14
PENNX:
1.03
VTWO:
1.14
PENNX:
0.02
VTWO:
0.79
PENNX:
0.18
VTWO:
3.79
PENNX:
4.45%
VTWO:
3.95%
PENNX:
20.50%
VTWO:
20.80%
PENNX:
-61.83%
VTWO:
-41.19%
PENNX:
-38.76%
VTWO:
-7.86%
Returns By Period
In the year-to-date period, PENNX achieves a -1.63% return, which is significantly lower than VTWO's 12.41% return. Over the past 10 years, PENNX has underperformed VTWO with an annualized return of -3.29%, while VTWO has yielded a comparatively higher 7.98% annualized return.
PENNX
-1.63%
-11.38%
-5.25%
-0.88%
-0.63%
-3.29%
VTWO
12.41%
-3.18%
12.23%
14.99%
7.63%
7.98%
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PENNX vs. VTWO - Expense Ratio Comparison
PENNX has a 0.92% expense ratio, which is higher than VTWO's 0.10% expense ratio.
Risk-Adjusted Performance
PENNX vs. VTWO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Pennsylvania Mutual Fund (PENNX) and Vanguard Russell 2000 ETF (VTWO). 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. VTWO - Dividend Comparison
PENNX has not paid dividends to shareholders, while VTWO's dividend yield for the trailing twelve months is around 0.83%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VTWO Vanguard Russell 2000 ETF | 0.83% | 1.45% | 1.48% | 1.13% | 0.92% | 1.36% | 1.41% | 1.18% | 1.27% | 1.23% | 1.12% | 1.04% |
Drawdowns
PENNX vs. VTWO - Drawdown Comparison
The maximum PENNX drawdown since its inception was -61.83%, which is greater than VTWO's maximum drawdown of -41.19%. Use the drawdown chart below to compare losses from any high point for PENNX and VTWO. For additional features, visit the drawdowns tool.
Volatility
PENNX vs. VTWO - Volatility Comparison
Royce Pennsylvania Mutual Fund (PENNX) has a higher volatility of 10.26% compared to Vanguard Russell 2000 ETF (VTWO) at 6.24%. This indicates that PENNX's price experiences larger fluctuations and is considered to be riskier than VTWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.