RIPIX vs. VMGRX
RIPIX (Royce International Premier Fund Institutional Class) and VMGRX (Vanguard Mid-Cap Growth Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, RIPIX returned -4.60%/yr vs 1.18%/yr for VMGRX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. RIPIX charges 1.04%/yr vs 0.33%/yr for VMGRX.
Performance
RIPIX vs. VMGRX - Performance Comparison
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Returns By Period
In the year-to-date period, RIPIX achieves a 1.12% return, which is significantly higher than VMGRX's -2.94% 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%
VMGRX
- 1D
- -0.54%
- 1M
- -6.80%
- 6M
- 0.00%
- YTD
- -2.94%
- 1Y
- -0.29%
- 3Y*
- 8.59%
- 5Y*
- 1.18%
- 10Y*
- 9.56%
- ALL TIME*
- 8.37%
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. VMGRX - 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% |
VMGRX Vanguard Mid-Cap Growth Fund | -2.94% | 8.80% | 17.73% | 24.15% | -30.13% | 9.21% | 33.40% | 32.06% | -11.49% |
Correlation
The correlation between RIPIX and VMGRX is 0.59, 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. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
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 | 0.63 |
The correlation between RIPIX and VMGRX has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.
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Return for Risk
RIPIX vs. VMGRX — Risk / Return Rank
RIPIX
VMGRX
RIPIX vs. VMGRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce International Premier Fund Institutional Class (RIPIX) and Vanguard Mid-Cap Growth Fund (VMGRX). 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 | VMGRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.00 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | -0.09 | -0.13 |
| Martin ratioReturn relative to average drawdown | -0.54 | -0.27 | -0.27 |
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Drawdowns
RIPIX vs. VMGRX - Drawdown Comparison
The maximum RIPIX drawdown since its inception was -41.89%, smaller than the maximum VMGRX drawdown of -71.74%. Use the drawdown chart below to compare losses from any high point for RIPIX and VMGRX.
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Drawdown Indicators
| RIPIX | VMGRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.89% | -71.74% | +29.85% |
Max Drawdown (1Y)Largest decline over 1 year | -15.33% | -19.09% | +3.76% |
Max Drawdown (3Y)Largest decline over 3 years | -17.28% | -26.85% | +9.57% |
Max Drawdown (5Y)Largest decline over 5 years | -41.89% | -39.71% | -2.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.71% | — |
Current DrawdownCurrent decline from peak | -25.47% | -8.71% | -16.76% |
Average DrawdownAverage peak-to-trough decline | -18.16% | -24.38% | +6.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.22% | 6.39% | -0.17% |
Volatility
RIPIX vs. VMGRX - Volatility Comparison
The current volatility for Royce International Premier Fund Institutional Class (RIPIX) is 4.63%, while Vanguard Mid-Cap Growth Fund (VMGRX) has a volatility of 7.34%. This indicates that RIPIX experiences smaller price fluctuations and is considered to be less risky than VMGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RIPIX | VMGRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 7.34% | -2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 11.55% | 17.69% | -6.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 21.23% | -7.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.54% | 23.60% | -8.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 22.42% | -6.30% |
RIPIX vs. VMGRX - Expense Ratio Comparison
RIPIX has a 1.04% expense ratio, which is higher than VMGRX's 0.33% expense ratio.
Dividends
RIPIX vs. VMGRX - Dividend Comparison
RIPIX's dividend yield for the trailing twelve months is around 1.44%, less than VMGRX's 18.28% 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% |
VMGRX Vanguard Mid-Cap Growth Fund | 18.28% | 17.74% | 1.80% | 0.39% | 0.26% | 34.53% | 6.30% | 10.43% | 14.53% | 3.13% | 0.67% | 8.20% |
Frequently Asked Questions
RIPIX and VMGRX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VMGRX has higher volatility (7.34%) compared to RIPIX (4.63%). In terms of maximum drawdown, RIPIX dropped -41.89% vs VMGRX's -71.74%.
VMGRX 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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