RIPIX vs. ADJEX
RIPIX (Royce International Premier Fund Institutional Class) and ADJEX (Azzad Ethical Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, RIPIX returned -4.60%/yr vs 0.49%/yr for ADJEX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. RIPIX charges 1.04%/yr vs 0.99%/yr for ADJEX.
Performance
RIPIX vs. ADJEX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RIPIX achieves a 1.12% return, which is significantly lower than ADJEX's 7.67% return.
RIPIX
- 1D
- -0.78%
- 1M
- -0.94%
- 6M
- 0.48%
- YTD
- 1.12%
- 1Y
- -3.41%
- 3Y*
- 2.13%
- 5Y*
- -4.60%
- 10Y*
- —
- ALL TIME*
- 2.09%
ADJEX
- 1D
- 0.92%
- 1M
- -2.23%
- 6M
- 7.08%
- YTD
- 7.67%
- 1Y
- 3.73%
- 3Y*
- 4.04%
- 5Y*
- 0.49%
- 10Y*
- 8.93%
- ALL TIME*
- 6.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ADJEX Azzad Ethical Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
RIPIX vs. ADJEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RIPIX Royce International Premier Fund Institutional Class | 1.12% | 9.89% | -7.04% | 8.14% | -26.99% | 6.22% | 16.11% | 34.69% | -12.52% |
ADJEX Azzad Ethical Fund | 7.67% | 1.43% | 1.70% | 24.25% | -27.82% | 17.60% | 30.47% | 30.01% | -9.44% |
Correlation
The correlation between RIPIX and ADJEX is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (All Time) Calculated using the full available price history since May 18, 2018 | 0.63 |
The correlation between RIPIX and ADJEX has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RIPIX vs. ADJEX — Risk / Return Rank
RIPIX
ADJEX
RIPIX vs. ADJEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce International Premier Fund Institutional Class (RIPIX) and Azzad Ethical Fund (ADJEX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RIPIX | ADJEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.04 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 0.18 | -0.40 |
| Martin ratioReturn relative to average drawdown | -0.54 | 0.56 | -1.10 |
Loading charts...
Drawdowns
RIPIX vs. ADJEX - Drawdown Comparison
The maximum RIPIX drawdown since its inception was -41.89%, smaller than the maximum ADJEX drawdown of -55.62%. Use the drawdown chart below to compare losses from any high point for RIPIX and ADJEX.
Loading charts...
Drawdown Indicators
| RIPIX | ADJEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.89% | -55.62% | +13.73% |
Max Drawdown (1Y)Largest decline over 1 year | -15.33% | -14.38% | -0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -17.28% | -25.81% | +8.53% |
Max Drawdown (5Y)Largest decline over 5 years | -41.89% | -37.22% | -4.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.22% | — |
Current DrawdownCurrent decline from peak | -25.47% | -4.68% | -20.79% |
Average DrawdownAverage peak-to-trough decline | -18.16% | -12.48% | -5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.22% | 4.70% | +1.52% |
Volatility
RIPIX vs. ADJEX - Volatility Comparison
Royce International Premier Fund Institutional Class (RIPIX) has a higher volatility of 4.63% compared to Azzad Ethical Fund (ADJEX) at 4.34%. This indicates that RIPIX's price experiences larger fluctuations and is considered to be riskier than ADJEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RIPIX | ADJEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 4.34% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 11.55% | 14.77% | -3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 18.59% | -4.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.54% | 22.78% | -7.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 21.56% | -5.44% |
RIPIX vs. ADJEX - Expense Ratio Comparison
RIPIX has a 1.04% expense ratio, which is higher than ADJEX's 0.99% expense ratio.
Dividends
RIPIX vs. ADJEX - Dividend Comparison
RIPIX's dividend yield for the trailing twelve months is around 1.44%, while ADJEX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADJEX Azzad Ethical Fund | 0.00% | 0.00% | 5.47% | 2.53% | 0.06% | 12.81% | 5.62% | 6.35% | 6.37% | 14.98% | 0.09% | 0.69% |
RIPIX Royce International Premier Fund Institutional Class | 1.44% | 1.46% | 5.66% | 3.09% | 3.87% | 5.02% | 0.36% | 0.58% | 0.54% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RIPIX and ADJEX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIPIX has higher volatility (4.63%) compared to ADJEX (4.34%). In terms of maximum drawdown, RIPIX dropped -41.89% vs ADJEX's -55.62%.
ADJEX currently has the higher Sharpe Ratio (0.14 vs -0.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for RIPIX and ADJEX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer