RYDVX vs. RYVFX

Last updated Aug 1, 2026

RYDVX (Royce Dividend Value Fund) and RYVFX (Royce Small-Cap Value Fund) are both mutual funds - RYDVX is a Mid Cap Blend Equities fund managed by Royce Investment Partners, while RYVFX is a Small Cap Value Equities fund managed by Royce Investment Partners. Over the past 10 years, RYDVX returned 11.46%/yr vs 8.87%/yr for RYVFX. Their correlation of 0.91 means they have usually moved in the same direction. RYDVX charges 1.34%/yr vs 1.49%/yr for RYVFX.

Performance

RYDVX vs. RYVFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Royce Dividend Value Fund (RYDVX) and Royce Small-Cap Value Fund (RYVFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYDVX achieves a 19.75% return, which is significantly lower than RYVFX's 21.07% return. Over the past 10 years, RYDVX has outperformed RYVFX with an annualized return of 11.46%, while RYVFX has yielded a comparatively lower 8.87% annualized return.

RYDVX

• 1D: -0.38%
• 1M: 3.54%
• 6M: 11.63%
• YTD: 19.75%
• 1Y: 32.11%
• 3Y*: 18.49%
• 5Y*: 11.07%
• 10Y*: 11.46%
• ALL TIME*: 9.37%

RYVFX

• 1D: -0.67%
• 1M: 1.20%
• 6M: 15.26%
• YTD: 21.07%
• 1Y: 36.49%
• 3Y*: 13.88%
• 5Y*: 9.87%
• 10Y*: 8.87%
• ALL TIME*: 8.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RYDVX Royce Dividend Value Fund	$0.00	$0.00	$0.00
RYVFX Royce Small-Cap Value Fund	$0.00	$0.00	$0.00

RYDVX vs. RYVFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYDVX Royce Dividend Value Fund	19.75%	9.44%	19.41%	23.29%	-13.63%	20.00%	4.45%	30.00%	-16.33%	21.39%
RYVFX Royce Small-Cap Value Fund	21.07%	6.77%	3.20%	26.40%	-10.18%	28.15%	-6.47%	18.26%	-7.37%	4.93%

Correlation

The correlation between RYDVX and RYVFX is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.85
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.89
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005	0.91

The correlation between RYDVX and RYVFX has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.

Return for Risk

RYDVX vs. RYVFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RYDVX

RYDVX Risk / Return Rank: 65
RYDVX Sharpe Ratio Rank: 64
RYDVX Sortino Ratio Rank: 74
RYDVX Omega Ratio Rank: 68
RYDVX Calmar Ratio Rank: 71
RYDVX Martin Ratio Rank: 48

RYVFX

RYVFX Risk / Return Rank: 83
RYVFX Sharpe Ratio Rank: 83
RYVFX Sortino Ratio Rank: 84
RYVFX Omega Ratio Rank: 78
RYVFX Calmar Ratio Rank: 92
RYVFX Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RYDVX vs. RYVFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Royce Dividend Value Fund (RYDVX) and Royce Small-Cap Value Fund (RYVFX). 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.

	RYDVX	RYVFX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	2.01	-0.47
Sortino ratio: Return per unit of downside risk	2.53	2.99	-0.46
Omega ratio: Gain probability vs. loss probability	1.30	1.36	-0.06
Calmar ratio: Return relative to maximum drawdown	2.31	3.65	-1.33
Martin ratio: Return relative to average drawdown	6.68	9.82	-3.14

RYDVX vs. RYVFX - Sharpe Ratio Comparison

The current RYDVX Sharpe Ratio is 1.54, which is comparable to the RYVFX Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of RYDVX and RYVFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RYDVX vs. RYVFX - Drawdown Comparison

The maximum RYDVX drawdown since its inception was -53.36%, smaller than the maximum RYVFX drawdown of -57.72%. Use the drawdown chart below to compare losses from any high point for RYDVX and RYVFX.

Drawdown Indicators

	RYDVX	RYVFX	Difference
Max Drawdown Largest peak-to-trough decline	-53.36%	-57.72%	+4.36%
Max Drawdown (1Y) Largest decline over 1 year	-12.32%	-9.17%	-3.15%
Max Drawdown (3Y) Largest decline over 3 years	-21.45%	-28.20%	+6.75%
Max Drawdown (5Y) Largest decline over 5 years	-27.35%	-28.20%	+0.85%
Max Drawdown (10Y) Largest decline over 10 years	-41.49%	-48.56%	+7.07%
Current Drawdown Current decline from peak	-0.75%	-1.51%	+0.76%
Average Drawdown Average peak-to-trough decline	-7.49%	-9.74%	+2.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.26%	3.40%	+0.86%

Volatility

RYDVX vs. RYVFX - Volatility Comparison

Royce Dividend Value Fund (RYDVX) has a higher volatility of 4.57% compared to Royce Small-Cap Value Fund (RYVFX) at 3.54%. This indicates that RYDVX's price experiences larger fluctuations and is considered to be riskier than RYVFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYDVX	RYVFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	3.54%	+1.03%
Volatility (6M) Calculated over the trailing 6-month period	11.73%	10.52%	+1.21%
Volatility (1Y) Calculated over the trailing 1-year period	18.50%	16.70%	+1.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.07%	20.31%	-1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.62%	22.39%	-2.77%

RYDVX vs. RYVFX - Expense Ratio Comparison

RYDVX has a 1.34% expense ratio, which is lower than RYVFX's 1.49% expense ratio.

Dividends

RYDVX vs. RYVFX - Dividend Comparison

RYDVX's dividend yield for the trailing twelve months is around 154.32%, more than RYVFX's 8.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYDVX Royce Dividend Value Fund	154.32%	185.21%	21.24%	11.80%	0.57%	14.07%	5.55%	15.61%	14.15%	14.26%	10.48%	11.39%
RYVFX Royce Small-Cap Value Fund	8.40%	10.17%	6.03%	8.20%	6.02%	5.77%	3.92%	3.19%	13.14%	3.45%	5.59%	19.64%

Frequently Asked Questions

Can I hold both RYDVX and RYVFX in my portfolio?

RYDVX and RYVFX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYDVX or RYVFX?

RYDVX has higher volatility (4.57%) compared to RYVFX (3.54%). In terms of maximum drawdown, RYDVX dropped -53.36% vs RYVFX's -57.72%.

Which has better risk-adjusted returns?

RYVFX currently has the higher Sharpe Ratio (2.01 vs 1.54), 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.