RIPIX vs. HLGEX
RIPIX (Royce International Premier Fund Institutional Class) and HLGEX (JPMorgan Mid Cap Growth Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, RIPIX returned -4.60%/yr vs 4.36%/yr for HLGEX. Their 0.62 correlation means they have sometimes moved together and sometimes differently. RIPIX charges 1.04%/yr vs 0.89%/yr for HLGEX.
Performance
RIPIX vs. HLGEX - 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 HLGEX's 1.98% 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%
HLGEX
- 1D
- -0.51%
- 1M
- -5.32%
- 6M
- 1.51%
- YTD
- 1.98%
- 1Y
- 2.30%
- 3Y*
- 12.45%
- 5Y*
- 4.36%
- 10Y*
- 13.19%
- ALL TIME*
- 10.73%
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. HLGEX - 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% |
HLGEX JPMorgan Mid Cap Growth Fund | 1.98% | 8.65% | 22.80% | 23.11% | -27.08% | 10.67% | 48.33% | 39.73% | -11.28% |
Correlation
The correlation between RIPIX and HLGEX 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. | 0.63 |
Correlation (All Time) Calculated using the full available price history since May 18, 2018 | 0.62 |
The correlation between RIPIX and HLGEX has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.
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Return for Risk
RIPIX vs. HLGEX — Risk / Return Rank
RIPIX
HLGEX
RIPIX vs. HLGEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce International Premier Fund Institutional Class (RIPIX) and JPMorgan Mid Cap Growth Fund (HLGEX). 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 | HLGEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.02 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 0.07 | -0.29 |
| Martin ratioReturn relative to average drawdown | -0.54 | 0.21 | -0.74 |
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Drawdowns
RIPIX vs. HLGEX - Drawdown Comparison
The maximum RIPIX drawdown since its inception was -41.89%, smaller than the maximum HLGEX drawdown of -57.65%. Use the drawdown chart below to compare losses from any high point for RIPIX and HLGEX.
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Drawdown Indicators
| RIPIX | HLGEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.89% | -57.65% | +15.76% |
Max Drawdown (1Y)Largest decline over 1 year | -15.33% | -14.19% | -1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -17.28% | -25.50% | +8.22% |
Max Drawdown (5Y)Largest decline over 5 years | -41.89% | -37.16% | -4.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.16% | — |
Current DrawdownCurrent decline from peak | -25.47% | -8.02% | -17.45% |
Average DrawdownAverage peak-to-trough decline | -18.16% | -11.40% | -6.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.22% | 4.81% | +1.41% |
Volatility
RIPIX vs. HLGEX - Volatility Comparison
The current volatility for Royce International Premier Fund Institutional Class (RIPIX) is 4.63%, while JPMorgan Mid Cap Growth Fund (HLGEX) has a volatility of 5.88%. This indicates that RIPIX experiences smaller price fluctuations and is considered to be less risky than HLGEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RIPIX | HLGEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 5.88% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 11.55% | 15.33% | -3.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 18.92% | -5.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.54% | 22.53% | -6.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 22.02% | -5.90% |
RIPIX vs. HLGEX - Expense Ratio Comparison
RIPIX has a 1.04% expense ratio, which is higher than HLGEX's 0.89% expense ratio.
Dividends
RIPIX vs. HLGEX - Dividend Comparison
RIPIX's dividend yield for the trailing twelve months is around 1.44%, less than HLGEX's 9.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLGEX JPMorgan Mid Cap Growth Fund | 9.25% | 9.43% | 14.70% | 0.00% | 0.79% | 8.87% | 10.61% | 7.29% | 7.26% | 6.41% | 0.04% | 5.32% |
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 HLGEX 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.
HLGEX has higher volatility (5.88%) compared to RIPIX (4.63%). In terms of maximum drawdown, RIPIX dropped -41.89% vs HLGEX's -57.65%.
HLGEX currently has the higher Sharpe Ratio (0.05 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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