RYIPX vs. HWTIX

Last updated Aug 1, 2026

RYIPX (Royce International Premier Fund) and HWTIX (Hotchkis & Wiley International Small Cap Diversified Value Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 5 years, RYIPX returned -4.83%/yr vs 12.15%/yr for HWTIX. Their correlation of 0.83 means they have usually moved in the same direction. RYIPX charges 1.44%/yr vs 0.99%/yr for HWTIX.

Performance

RYIPX vs. HWTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Royce International Premier Fund (RYIPX) and Hotchkis & Wiley International Small Cap Diversified Value Fund (HWTIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYIPX achieves a 1.70% return, which is significantly lower than HWTIX's 16.77% 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%

HWTIX

• 1D: 1.93%
• 1M: 5.83%
• 6M: 11.03%
• YTD: 16.77%
• 1Y: 27.96%
• 3Y*: 19.07%
• 5Y*: 12.15%
• 10Y*: —
• ALL TIME*: 18.13%

*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)
HWTIX Hotchkis & Wiley International Small Cap Diversified Value Fund	$0.00	$0.00	$0.00
RYIPX Royce International Premier Fund	$0.00	$0.00	$0.00

RYIPX vs. HWTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
RYIPX Royce International Premier Fund	1.70%	9.37%	-7.37%	7.68%	-27.27%	5.77%	24.93%
HWTIX Hotchkis & Wiley International Small Cap Diversified Value Fund	16.77%	30.96%	4.62%	20.79%	-8.67%	16.22%	34.26%

Correlation

The correlation between RYIPX and HWTIX is 0.81, 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.	0.81
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (5Y) Shows whether the relationship held over a longer period.	0.85
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020	0.83

The correlation between RYIPX and HWTIX has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.

Return for Risk

RYIPX vs. HWTIX — Risk / Return Rank

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

RYIPX

RYIPX Risk / Return Rank: 3
RYIPX Sharpe Ratio Rank: 3
RYIPX Sortino Ratio Rank: 2
RYIPX Omega Ratio Rank: 2
RYIPX Calmar Ratio Rank: 3
RYIPX Martin Ratio Rank: 3

HWTIX

HWTIX Risk / Return Rank: 83
HWTIX Sharpe Ratio Rank: 88
HWTIX Sortino Ratio Rank: 86
HWTIX Omega Ratio Rank: 83
HWTIX Calmar Ratio Rank: 80
HWTIX Martin Ratio Rank: 78

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.

RYIPX vs. HWTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Royce International Premier Fund (RYIPX) and Hotchkis & Wiley International Small Cap Diversified Value Fund (HWTIX). 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	HWTIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	2.22	-2.44
Sortino ratio: Return per unit of downside risk	-0.22	3.10	-3.32
Omega ratio: Gain probability vs. loss probability	0.97	1.40	-0.43
Calmar ratio: Return relative to maximum drawdown	-0.20	2.64	-2.84
Martin ratio: Return relative to average drawdown	-0.48	9.57	-10.05

RYIPX vs. HWTIX - Sharpe Ratio Comparison

The current RYIPX Sharpe Ratio is -0.22, which is lower than the HWTIX Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of RYIPX and HWTIX, 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

RYIPX vs. HWTIX - Drawdown Comparison

The maximum RYIPX drawdown since its inception was -42.14%, which is greater than HWTIX's maximum drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for RYIPX and HWTIX.

Drawdown Indicators

	RYIPX	HWTIX	Difference
Max Drawdown Largest peak-to-trough decline	-42.14%	-29.57%	-12.57%
Max Drawdown (1Y) Largest decline over 1 year	-15.56%	-10.75%	-4.81%
Max Drawdown (3Y) Largest decline over 3 years	-17.41%	-29.57%	+12.16%
Max Drawdown (5Y) Largest decline over 5 years	-42.14%	-29.57%	-12.57%
Max Drawdown (10Y) Largest decline over 10 years	-42.14%	—	—
Current Drawdown Current decline from peak	-26.35%	0.00%	-26.35%
Average Drawdown Average peak-to-trough decline	-12.51%	-6.20%	-6.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.37%	2.97%	+3.40%

Volatility

RYIPX vs. HWTIX - Volatility Comparison

Royce International Premier Fund (RYIPX) has a higher volatility of 4.63% compared to Hotchkis & Wiley International Small Cap Diversified Value Fund (HWTIX) at 3.31%. This indicates that RYIPX's price experiences larger fluctuations and is considered to be riskier than HWTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYIPX	HWTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.63%	3.31%	+1.32%
Volatility (6M) Calculated over the trailing 6-month period	11.57%	10.33%	+1.24%
Volatility (1Y) Calculated over the trailing 1-year period	13.79%	12.86%	+0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.57%	22.90%	-7.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.08%	21.78%	-6.70%

RYIPX vs. HWTIX - Expense Ratio Comparison

RYIPX has a 1.44% expense ratio, which is higher than HWTIX's 0.99% expense ratio.

Dividends

RYIPX vs. HWTIX - Dividend Comparison

RYIPX's dividend yield for the trailing twelve months is around 0.78%, less than HWTIX's 11.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HWTIX Hotchkis & Wiley International Small Cap Diversified Value Fund	11.99%	4.68%	31.95%	6.64%	5.32%	22.94%	4.15%	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

Can I hold both RYIPX and HWTIX in my portfolio?

RYIPX and HWTIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYIPX or HWTIX?

RYIPX has higher volatility (4.63%) compared to HWTIX (3.31%). In terms of maximum drawdown, RYIPX dropped -42.14% vs HWTIX's -29.57%.

Which has better risk-adjusted returns?

HWTIX currently has the higher Sharpe Ratio (2.22 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.