RIPIX vs. HAGAX
RIPIX (Royce International Premier Fund Institutional Class) and HAGAX (Carillon Eagle Mid Cap Growth Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, RIPIX returned -4.60%/yr vs 1.98%/yr for HAGAX. Their 0.62 correlation means they have sometimes moved together and sometimes differently. RIPIX charges 1.04%/yr vs 1.03%/yr for HAGAX.
Performance
RIPIX vs. HAGAX - 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 HAGAX's 5.57% 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%
HAGAX
- 1D
- 0.48%
- 1M
- -2.91%
- 6M
- 4.51%
- YTD
- 5.57%
- 1Y
- 4.16%
- 3Y*
- 8.89%
- 5Y*
- 1.98%
- 10Y*
- 11.20%
- ALL TIME*
- 10.25%
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. HAGAX - 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% |
HAGAX Carillon Eagle Mid Cap Growth Fund | 5.57% | 4.50% | 12.64% | 19.76% | -25.85% | 11.19% | 39.79% | 34.50% | -12.75% |
Correlation
The correlation between RIPIX and HAGAX 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. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (All Time) Calculated using the full available price history since May 18, 2018 | 0.62 |
The correlation between RIPIX and HAGAX has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.
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Return for Risk
RIPIX vs. HAGAX — Risk / Return Rank
RIPIX
HAGAX
RIPIX vs. HAGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce International Premier Fund Institutional Class (RIPIX) and Carillon Eagle Mid Cap Growth Fund (HAGAX). 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 | HAGAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.03 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 0.17 | -0.39 |
| Martin ratioReturn relative to average drawdown | -0.54 | 0.53 | -1.07 |
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Drawdowns
RIPIX vs. HAGAX - Drawdown Comparison
The maximum RIPIX drawdown since its inception was -41.89%, smaller than the maximum HAGAX drawdown of -52.32%. Use the drawdown chart below to compare losses from any high point for RIPIX and HAGAX.
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Drawdown Indicators
| RIPIX | HAGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.89% | -52.32% | +10.43% |
Max Drawdown (1Y)Largest decline over 1 year | -15.33% | -12.53% | -2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -17.28% | -26.77% | +9.49% |
Max Drawdown (5Y)Largest decline over 5 years | -41.89% | -34.36% | -7.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.05% | — |
Current DrawdownCurrent decline from peak | -25.47% | -5.00% | -20.47% |
Average DrawdownAverage peak-to-trough decline | -18.16% | -12.58% | -5.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.22% | 3.93% | +2.29% |
Volatility
RIPIX vs. HAGAX - Volatility Comparison
Royce International Premier Fund Institutional Class (RIPIX) has a higher volatility of 4.63% compared to Carillon Eagle Mid Cap Growth Fund (HAGAX) at 4.19%. This indicates that RIPIX's price experiences larger fluctuations and is considered to be riskier than HAGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RIPIX | HAGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 4.19% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 11.55% | 14.40% | -2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 17.90% | -4.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.54% | 22.05% | -6.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 21.84% | -5.72% |
RIPIX vs. HAGAX - Expense Ratio Comparison
RIPIX has a 1.04% expense ratio, which is higher than HAGAX's 1.03% expense ratio.
Dividends
RIPIX vs. HAGAX - Dividend Comparison
RIPIX's dividend yield for the trailing twelve months is around 1.44%, less than HAGAX's 13.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAGAX Carillon Eagle Mid Cap Growth Fund | 13.13% | 13.86% | 13.00% | 11.74% | 1.41% | 10.82% | 2.26% | 2.19% | 5.95% | 2.69% | 0.00% | 1.67% |
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 HAGAX 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 HAGAX (4.19%). In terms of maximum drawdown, RIPIX dropped -41.89% vs HAGAX's -52.32%.
HAGAX currently has the higher Sharpe Ratio (0.12 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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