RYIPX vs. FSISX
RYIPX (Royce International Premier Fund) and FSISX (Fidelity SAI International Small Cap Index Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 5 years, RYIPX returned -4.83%/yr vs 5.71%/yr for FSISX. Their correlation of 0.88 means they have usually moved in the same direction. RYIPX charges 1.44%/yr vs 0.10%/yr for FSISX.
Performance
RYIPX vs. FSISX - Performance Comparison
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Returns By Period
In the year-to-date period, RYIPX achieves a 1.70% return, which is significantly lower than FSISX's 10.59% return.
RYIPX
- 1D
- 2.17%
- 1M
- -0.26%
- 6M
- 1.04%
- YTD
- 1.70%
- 1Y
- -3.06%
- 3Y*
- 1.66%
- 5Y*
- -4.83%
- 10Y*
- 4.37%
- ALL TIME*
- 4.80%
FSISX
- 1D
- 2.13%
- 1M
- 1.59%
- 6M
- 5.03%
- YTD
- 10.59%
- 1Y
- 20.79%
- 3Y*
- 15.34%
- 5Y*
- 5.71%
- 10Y*
- —
- ALL TIME*
- 5.61%
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 |
RYIPX vs. FSISX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RYIPX Royce International Premier Fund | 1.70% | 9.37% | -7.37% | 7.68% | -27.27% | 0.62% |
FSISX Fidelity SAI International Small Cap Index Fund | 10.59% | 32.61% | 1.74% | 13.23% | -21.18% | -0.40% |
Correlation
The correlation between RYIPX and FSISX is 0.80, 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. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (All Time) Calculated using the full available price history since May 27, 2021 | 0.88 |
The correlation between RYIPX and FSISX has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.
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Return for Risk
RYIPX vs. FSISX — Risk / Return Rank
RYIPX
FSISX
RYIPX vs. FSISX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce International Premier Fund (RYIPX) and Fidelity SAI International Small Cap Index Fund (FSISX). 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.
| RYIPX | FSISX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.27 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 1.80 | -2.00 |
| Martin ratioReturn relative to average drawdown | -0.48 | 6.31 | -6.79 |
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Drawdowns
RYIPX vs. FSISX - Drawdown Comparison
The maximum RYIPX drawdown since its inception was -42.14%, which is greater than FSISX's maximum drawdown of -36.84%. Use the drawdown chart below to compare losses from any high point for RYIPX and FSISX.
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Drawdown Indicators
| RYIPX | FSISX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.14% | -36.84% | -5.30% |
Max Drawdown (1Y)Largest decline over 1 year | -15.56% | -11.73% | -3.83% |
Max Drawdown (3Y)Largest decline over 3 years | -17.41% | -14.32% | -3.09% |
Max Drawdown (5Y)Largest decline over 5 years | -42.14% | -36.84% | -5.30% |
Max Drawdown (10Y)Largest decline over 10 years | -42.14% | — | — |
Current DrawdownCurrent decline from peak | -26.35% | -1.03% | -25.32% |
Average DrawdownAverage peak-to-trough decline | -12.51% | -12.80% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.37% | 3.33% | +3.04% |
Volatility
RYIPX vs. FSISX - Volatility Comparison
Royce International Premier Fund (RYIPX) has a higher volatility of 4.63% compared to Fidelity SAI International Small Cap Index Fund (FSISX) at 4.39%. This indicates that RYIPX's price experiences larger fluctuations and is considered to be riskier than FSISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYIPX | FSISX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 4.39% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 11.57% | 11.84% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 14.24% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.57% | 15.98% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.08% | 15.86% | -0.78% |
RYIPX vs. FSISX - Expense Ratio Comparison
RYIPX has a 1.44% expense ratio, which is higher than FSISX's 0.10% expense ratio.
Dividends
RYIPX vs. FSISX - Dividend Comparison
RYIPX's dividend yield for the trailing twelve months is around 0.78%, less than FSISX's 3.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSISX Fidelity SAI International Small Cap Index Fund | 3.34% | 3.70% | 3.33% | 3.13% | 3.02% | 1.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RYIPX Royce International Premier Fund | 0.78% | 0.79% | 4.10% | 2.18% | 3.18% | 4.51% | 0.00% | 0.20% | 0.00% | 0.71% | 2.40% | 2.61% |
Frequently Asked Questions
RYIPX and FSISX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYIPX has higher volatility (4.63%) compared to FSISX (4.39%). In terms of maximum drawdown, RYIPX dropped -42.14% vs FSISX's -36.84%.
FSISX currently has the higher Sharpe Ratio (1.49 vs -0.22), 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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