RYOTX vs. SWSSX
Compare and contrast key facts about Royce Micro Cap Series Fund (RYOTX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX).
RYOTX is managed by Royce Investment Partners. It was launched on Dec 31, 1991. SWSSX is a passively managed fund by Charles Schwab that tracks the performance of the Russell 2000 Index. It was launched on May 19, 1997.
Performance
RYOTX vs. SWSSX - Performance Comparison
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RYOTX vs. SWSSX - 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% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | -2.49% | 12.88% | 11.57% | 17.07% | -20.43% | 14.77% | 20.12% | 25.63% | -11.19% | 14.76% |
Returns By Period
In the year-to-date period, RYOTX achieves a 6.06% return, which is significantly higher than SWSSX's -2.49% return. Over the past 10 years, RYOTX has outperformed SWSSX with an annualized return of 11.13%, while SWSSX has yielded a comparatively lower 9.50% 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%
SWSSX
- 1D
- -1.45%
- 1M
- -8.18%
- YTD
- -2.49%
- 6M
- -0.36%
- 1Y
- 21.55%
- 3Y*
- 11.83%
- 5Y*
- 3.10%
- 10Y*
- 9.50%
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RYOTX vs. SWSSX - Expense Ratio Comparison
RYOTX has a 1.20% expense ratio, which is higher than SWSSX's 0.04% expense ratio.
Return for Risk
RYOTX vs. SWSSX — Risk / Return Rank
RYOTX
SWSSX
RYOTX vs. SWSSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Micro Cap Series Fund (RYOTX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX). 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 | SWSSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.53 | 0.91 | +0.62 |
Sortino ratioReturn per unit of downside risk | 2.14 | 1.40 | +0.74 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.18 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.67 | 1.33 | +1.34 |
Martin ratioReturn relative to average drawdown | 9.42 | 5.02 | +4.39 |
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 | SWSSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 0.91 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.14 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.40 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.33 | +0.25 |
Correlation
The correlation between RYOTX and SWSSX is 0.91, 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. SWSSX - Dividend Comparison
RYOTX's dividend yield for the trailing twelve months is around 14.09%, more than SWSSX's 1.32% 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% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | 1.32% | 1.29% | 1.66% | 1.49% | 1.32% | 8.88% | 2.55% | 6.12% | 10.45% | 5.22% | 4.10% | 6.92% |
Drawdowns
RYOTX vs. SWSSX - Drawdown Comparison
The maximum RYOTX drawdown since its inception was -56.86%, smaller than the maximum SWSSX drawdown of -60.34%. Use the drawdown chart below to compare losses from any high point for RYOTX and SWSSX.
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Drawdown Indicators
| RYOTX | SWSSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.86% | -60.34% | +3.48% |
Max Drawdown (1Y)Largest decline over 1 year | -13.59% | -13.90% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -35.84% | -31.93% | -3.91% |
Max Drawdown (10Y)Largest decline over 10 years | -44.87% | -41.81% | -3.06% |
Current DrawdownCurrent decline from peak | -9.85% | -11.00% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -9.47% | -10.78% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 3.68% | +0.17% |
Volatility
RYOTX vs. SWSSX - Volatility Comparison
Royce Micro Cap Series Fund (RYOTX) has a higher volatility of 8.66% compared to Schwab Small-Cap Index Fund-Select Shares (SWSSX) at 6.59%. This indicates that RYOTX's price experiences larger fluctuations and is considered to be riskier than SWSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYOTX | SWSSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.66% | 6.59% | +2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 17.38% | 14.12% | +3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.43% | 23.11% | +3.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.36% | 22.57% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.01% | 24.03% | -1.02% |