RYOTX vs. FSCEX
Compare and contrast key facts about Royce Micro Cap Series Fund (RYOTX) and Fidelity Advisor Small Cap Fund Class C (FSCEX).
RYOTX is managed by Royce Investment Partners. It was launched on Dec 31, 1991. FSCEX is managed by Fidelity. It was launched on Sep 9, 1998.
Performance
RYOTX vs. FSCEX - Performance Comparison
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RYOTX vs. FSCEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYOTX Royce Micro Cap Series Fund | 6.06% | 13.51% | 13.24% | 19.51% | -22.66% | 30.36% | 24.56% | 21.19% | -9.09% | 5.29% |
FSCEX Fidelity Advisor Small Cap Fund Class C | 0.43% | 11.04% | -11.92% | 17.31% | -21.33% | 30.13% | 16.12% | 31.37% | -16.86% | 12.93% |
Returns By Period
In the year-to-date period, RYOTX achieves a 6.06% return, which is significantly higher than FSCEX's 0.43% return. Over the past 10 years, RYOTX has outperformed FSCEX with an annualized return of 11.13%, while FSCEX has yielded a comparatively lower 6.41% annualized return.
RYOTX
- 1D
- -1.84%
- 1M
- -8.37%
- YTD
- 6.06%
- 6M
- 8.18%
- 1Y
- 41.43%
- 3Y*
- 16.69%
- 5Y*
- 6.90%
- 10Y*
- 11.13%
FSCEX
- 1D
- -1.75%
- 1M
- -7.93%
- YTD
- 0.43%
- 6M
- 3.68%
- 1Y
- 21.77%
- 3Y*
- 3.18%
- 5Y*
- 0.65%
- 10Y*
- 6.41%
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RYOTX vs. FSCEX - Expense Ratio Comparison
RYOTX has a 1.20% expense ratio, which is lower than FSCEX's 2.04% expense ratio.
Return for Risk
RYOTX vs. FSCEX — Risk / Return Rank
RYOTX
FSCEX
RYOTX vs. FSCEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Micro Cap Series Fund (RYOTX) and Fidelity Advisor Small Cap Fund Class C (FSCEX). 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.
| RYOTX | FSCEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.53 | 0.99 | +0.54 |
Sortino ratioReturn per unit of downside risk | 2.14 | 1.51 | +0.64 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.20 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.67 | 1.40 | +1.27 |
Martin ratioReturn relative to average drawdown | 9.42 | 5.96 | +3.45 |
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
| RYOTX | FSCEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 0.99 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.03 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.29 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.37 | +0.21 |
Correlation
The correlation between RYOTX and FSCEX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
RYOTX vs. FSCEX - Dividend Comparison
RYOTX's dividend yield for the trailing twelve months is around 14.09%, more than FSCEX's 3.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYOTX Royce Micro Cap Series Fund | 14.09% | 14.94% | 12.20% | 6.97% | 5.10% | 23.10% | 7.40% | 2.72% | 13.95% | 7.76% | 11.41% | 12.99% |
FSCEX Fidelity Advisor Small Cap Fund Class C | 3.56% | 3.58% | 0.00% | 2.23% | 8.66% | 16.35% | 3.97% | 5.72% | 20.54% | 18.60% | 2.60% | 10.50% |
Drawdowns
RYOTX vs. FSCEX - Drawdown Comparison
The maximum RYOTX drawdown since its inception was -56.86%, which is greater than FSCEX's maximum drawdown of -51.02%. Use the drawdown chart below to compare losses from any high point for RYOTX and FSCEX.
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Drawdown Indicators
| RYOTX | FSCEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.86% | -51.02% | -5.84% |
Max Drawdown (1Y)Largest decline over 1 year | -13.59% | -13.79% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -35.84% | -41.37% | +5.53% |
Max Drawdown (10Y)Largest decline over 10 years | -44.87% | -41.37% | -3.50% |
Current DrawdownCurrent decline from peak | -9.85% | -19.11% | +9.26% |
Average DrawdownAverage peak-to-trough decline | -9.47% | -12.73% | +3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 3.23% | +0.62% |
Volatility
RYOTX vs. FSCEX - Volatility Comparison
Royce Micro Cap Series Fund (RYOTX) has a higher volatility of 8.66% compared to Fidelity Advisor Small Cap Fund Class C (FSCEX) at 6.46%. This indicates that RYOTX's price experiences larger fluctuations and is considered to be riskier than FSCEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYOTX | FSCEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.66% | 6.46% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 17.38% | 12.63% | +4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.43% | 21.95% | +4.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.36% | 23.18% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.01% | 22.47% | +0.54% |