RIPIX vs. RYPNX
RIPIX (Royce International Premier Fund Institutional Class) and RYPNX (Royce Opportunity Fund) are both mutual funds - RIPIX is a Mid Cap Growth Equities fund managed by Royce Investment Partners, while RYPNX is a Small Cap Value Equities fund managed by Royce Investment Partners. Over the past 5 years, RIPIX returned -4.60%/yr vs 9.08%/yr for RYPNX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. RIPIX charges 1.04%/yr vs 1.21%/yr for RYPNX.
Performance
RIPIX vs. RYPNX - 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 RYPNX's 24.02% 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%
RYPNX
- 1D
- 0.36%
- 1M
- -4.75%
- 6M
- 12.02%
- YTD
- 24.02%
- 1Y
- 43.38%
- 3Y*
- 15.84%
- 5Y*
- 9.08%
- 10Y*
- 14.04%
- ALL TIME*
- 12.45%
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. RYPNX - 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% |
RYPNX Royce Opportunity Fund | 24.02% | 11.95% | 10.20% | 19.72% | -17.19% | 30.34% | 26.52% | 28.24% | -23.43% |
Correlation
The correlation between RIPIX and RYPNX is 0.52, 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. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.61 |
Correlation (All Time) Calculated using the full available price history since May 18, 2018 | 0.60 |
The correlation between RIPIX and RYPNX has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.
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Return for Risk
RIPIX vs. RYPNX — Risk / Return Rank
RIPIX
RYPNX
RIPIX vs. RYPNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce International Premier Fund Institutional Class (RIPIX) and Royce Opportunity Fund (RYPNX). 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 | RYPNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.75 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.30 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 3.33 | -3.55 |
| Martin ratioReturn relative to average drawdown | -0.54 | 11.77 | -12.31 |
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Drawdowns
RIPIX vs. RYPNX - Drawdown Comparison
The maximum RIPIX drawdown since its inception was -41.89%, smaller than the maximum RYPNX drawdown of -69.31%. Use the drawdown chart below to compare losses from any high point for RIPIX and RYPNX.
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Drawdown Indicators
| RIPIX | RYPNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.89% | -69.31% | +27.42% |
Max Drawdown (1Y)Largest decline over 1 year | -15.33% | -12.01% | -3.32% |
Max Drawdown (3Y)Largest decline over 3 years | -17.28% | -30.23% | +12.95% |
Max Drawdown (5Y)Largest decline over 5 years | -41.89% | -30.77% | -11.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.61% | — |
Current DrawdownCurrent decline from peak | -25.47% | -7.39% | -18.08% |
Average DrawdownAverage peak-to-trough decline | -18.16% | -10.63% | -7.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.22% | 3.40% | +2.82% |
Volatility
RIPIX vs. RYPNX - Volatility Comparison
The current volatility for Royce International Premier Fund Institutional Class (RIPIX) is 4.63%, while Royce Opportunity Fund (RYPNX) has a volatility of 5.70%. This indicates that RIPIX experiences smaller price fluctuations and is considered to be less risky than RYPNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RIPIX | RYPNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 5.70% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 11.55% | 15.62% | -4.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 22.19% | -8.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.54% | 24.26% | -8.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 25.32% | -9.20% |
RIPIX vs. RYPNX - Expense Ratio Comparison
RIPIX has a 1.04% expense ratio, which is lower than RYPNX's 1.21% expense ratio.
Dividends
RIPIX vs. RYPNX - Dividend Comparison
RIPIX's dividend yield for the trailing twelve months is around 1.44%, less than RYPNX's 7.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RYPNX Royce Opportunity Fund | 7.77% | 9.63% | 7.95% | 4.52% | 5.12% | 22.51% | 0.00% | 1.57% | 10.21% | 14.91% | 6.89% | 10.04% |
Frequently Asked Questions
RIPIX and RYPNX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYPNX has higher volatility (5.70%) compared to RIPIX (4.63%). In terms of maximum drawdown, RIPIX dropped -41.89% vs RYPNX's -69.31%.
RYPNX currently has the higher Sharpe Ratio (1.81 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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