RYIPX vs. RIPIX
RYIPX (Royce International Premier Fund) and RIPIX (Royce International Premier Fund Institutional Class) are both mutual funds - RYIPX is a Foreign Small & Mid Cap Equities fund managed by Royce Investment Partners, while RIPIX is a Mid Cap Growth Equities fund managed by Royce Investment Partners. Over the past 5 years, RYIPX returned -3.43%/yr vs -3.35%/yr for RIPIX. With a 1.00 correlation, they move nearly in lockstep. RYIPX charges 1.44%/yr vs 1.04%/yr for RIPIX.
Performance
RYIPX vs. RIPIX - Performance Comparison
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Returns By Period
In the year-to-date period, RYIPX achieves a 4.18% return, which is significantly higher than RIPIX's 3.43% return.
RYIPX
- 1D
- -0.44%
- 1M
- 2.84%
- YTD
- 4.18%
- 6M
- 4.81%
- 1Y
- 3.26%
- 3Y*
- 2.57%
- 5Y*
- -3.43%
- 10Y*
- 4.74%
RIPIX
- 1D
- -0.84%
- 1M
- 1.73%
- YTD
- 3.43%
- 6M
- 3.71%
- 1Y
- 0.92%
- 3Y*
- 2.69%
- 5Y*
- -3.35%
- 10Y*
- —
RYIPX vs. RIPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RYIPX Royce International Premier Fund | 4.18% | 9.37% | -7.37% | 7.68% | -27.27% | 5.77% | 15.74% | 34.22% | -12.76% |
RIPIX Royce International Premier Fund Institutional Class | 3.43% | 9.89% | -7.04% | 8.14% | -26.99% | 6.22% | 16.11% | 34.69% | -12.52% |
Correlation
The correlation between RYIPX and RIPIX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since May 21, 2018 | 1.00 |
The correlation between RYIPX and RIPIX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
RYIPX vs. RIPIX — Risk / Return Rank
RYIPX
RIPIX
RYIPX vs. RIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce International Premier Fund (RYIPX) and Royce International Premier Fund Institutional Class (RIPIX). 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.
| RYIPX | RIPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.05 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 0.17 | 0.00 |
| Martin ratioReturn relative to average drawdown | 0.40 | 0.41 | -0.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RYIPX | RIPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.21 | 0.21 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | -0.22 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.15 | +0.19 |
Drawdowns
RYIPX vs. RIPIX - Drawdown Comparison
The maximum RYIPX drawdown since its inception was -42.14%, roughly equal to the maximum RIPIX drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for RYIPX and RIPIX.
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Drawdown Indicators
| RYIPX | RIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.14% | -41.89% | -0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -16.68% | -16.38% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -17.43% | -17.33% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -42.14% | -41.89% | -0.25% |
Max Drawdown (10Y)Largest decline over 10 years | -42.14% | — | — |
Current DrawdownCurrent decline from peak | -24.55% | -23.76% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -12.35% | -18.01% | +5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.86% | 6.68% | +0.18% |
Volatility
RYIPX vs. RIPIX - Volatility Comparison
The current volatility for Royce International Premier Fund (RYIPX) is 3.13%, while Royce International Premier Fund Institutional Class (RIPIX) has a volatility of 3.30%. This indicates that RYIPX experiences smaller price fluctuations and is considered to be less risky than RIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYIPX | RIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 3.30% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 10.56% | 10.58% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.07% | 13.05% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.42% | 15.40% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.23% | 16.14% | -0.91% |
RYIPX vs. RIPIX - Expense Ratio Comparison
RYIPX has a 1.44% expense ratio, which is higher than RIPIX's 1.04% expense ratio.
Dividends
RYIPX vs. RIPIX - Dividend Comparison
RYIPX's dividend yield for the trailing twelve months is around 0.76%, less than RIPIX's 1.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RIPIX Royce International Premier Fund Institutional Class | 1.41% | 1.46% | 5.66% | 3.09% | 3.87% | 5.02% | 0.36% | 0.58% | 0.54% | 0.00% | 0.00% | 0.00% |
RYIPX Royce International Premier Fund | 0.76% | 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
With a correlation of 1.00, RYIPX and RIPIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
RIPIX has higher volatility (3.30%) compared to RYIPX (3.13%). In terms of maximum drawdown, RYIPX dropped -42.14% vs RIPIX's -41.89%.
RYIPX currently has the higher Sharpe Ratio (0.21 vs 0.21), 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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