RIPIX vs. FRSGX
RIPIX (Royce International Premier Fund Institutional Class) and FRSGX (Franklin Small-Mid Cap Growth Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, RIPIX returned -4.60%/yr vs 6.36%/yr for FRSGX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. RIPIX charges 1.04%/yr vs 0.85%/yr for FRSGX.
Performance
RIPIX vs. FRSGX - Performance Comparison
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Returns By Period
In the year-to-date period, RIPIX achieves a 1.12% return, which is significantly lower than FRSGX's 4.73% 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%
FRSGX
- 1D
- -0.26%
- 1M
- -2.84%
- 6M
- 3.73%
- YTD
- 4.73%
- 1Y
- 3.31%
- 3Y*
- 8.66%
- 5Y*
- 6.36%
- 10Y*
- 13.71%
- ALL TIME*
- 11.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RIPIX vs. FRSGX - 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% |
FRSGX Franklin Small-Mid Cap Growth Fund | 4.73% | 2.83% | 11.36% | 27.20% | -33.84% | 50.07% | 56.09% | 31.98% | -10.76% |
Correlation
The correlation between RIPIX and FRSGX is 0.56, 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. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
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 | 0.61 |
The correlation between RIPIX and FRSGX has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.
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Return for Risk
RIPIX vs. FRSGX — Risk / Return Rank
RIPIX
FRSGX
RIPIX vs. FRSGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce International Premier Fund Institutional Class (RIPIX) and Franklin Small-Mid Cap Growth Fund (FRSGX). 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 | FRSGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.03 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 0.11 | -0.33 |
| Martin ratioReturn relative to average drawdown | -0.54 | 0.33 | -0.87 |
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Drawdowns
RIPIX vs. FRSGX - Drawdown Comparison
The maximum RIPIX drawdown since its inception was -41.89%, smaller than the maximum FRSGX drawdown of -69.07%. Use the drawdown chart below to compare losses from any high point for RIPIX and FRSGX.
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Drawdown Indicators
| RIPIX | FRSGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.89% | -69.07% | +27.18% |
Max Drawdown (1Y)Largest decline over 1 year | -15.33% | -12.39% | -2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -17.28% | -25.77% | +8.49% |
Max Drawdown (5Y)Largest decline over 5 years | -41.89% | -39.25% | -2.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.25% | — |
Current DrawdownCurrent decline from peak | -25.47% | -4.81% | -20.66% |
Average DrawdownAverage peak-to-trough decline | -18.16% | -18.62% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.22% | 4.15% | +2.07% |
Volatility
RIPIX vs. FRSGX - Volatility Comparison
Royce International Premier Fund Institutional Class (RIPIX) has a higher volatility of 4.63% compared to Franklin Small-Mid Cap Growth Fund (FRSGX) at 3.99%. This indicates that RIPIX's price experiences larger fluctuations and is considered to be riskier than FRSGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RIPIX | FRSGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 3.99% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 11.55% | 13.52% | -1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 16.90% | -3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.54% | 28.45% | -12.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 25.06% | -8.94% |
RIPIX vs. FRSGX - Expense Ratio Comparison
RIPIX has a 1.04% expense ratio, which is higher than FRSGX's 0.85% expense ratio.
Dividends
RIPIX vs. FRSGX - Dividend Comparison
RIPIX's dividend yield for the trailing twelve months is around 1.44%, less than FRSGX's 7.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRSGX Franklin Small-Mid Cap Growth Fund | 7.79% | 8.16% | 0.00% | 0.00% | 6.80% | 41.15% | 8.84% | 18.91% | 14.01% | 8.78% | 6.68% | 9.71% |
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 FRSGX have a correlation of 0.56, 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 FRSGX (3.99%). In terms of maximum drawdown, RIPIX dropped -41.89% vs FRSGX's -69.07%.
FRSGX currently has the higher Sharpe Ratio (0.08 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.
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