RYOTX vs. VSMAX
Compare and contrast key facts about Royce Micro Cap Series Fund (RYOTX) and Vanguard Small-Cap Index Fund Admiral Shares (VSMAX).
RYOTX is managed by Royce Investment Partners. It was launched on Dec 31, 1991. VSMAX is managed by Vanguard. It was launched on Nov 13, 2000.
Performance
RYOTX vs. VSMAX - Performance Comparison
Loading graphics...
RYOTX vs. VSMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYOTX Royce Micro Cap Series Fund | 9.23% | 13.51% | 13.24% | 19.51% | -22.66% | 30.36% | 24.56% | 21.19% | -9.09% | 5.29% |
VSMAX Vanguard Small-Cap Index Fund Admiral Shares | 1.90% | 8.83% | 14.23% | 18.17% | -17.61% | 17.74% | 19.06% | 27.36% | -9.33% | 16.24% |
Returns By Period
In the year-to-date period, RYOTX achieves a 9.23% return, which is significantly higher than VSMAX's 1.90% return. Over the past 10 years, RYOTX has outperformed VSMAX with an annualized return of 11.46%, while VSMAX has yielded a comparatively lower 10.49% annualized return.
RYOTX
- 1D
- 2.99%
- 1M
- -7.15%
- YTD
- 9.23%
- 6M
- 10.78%
- 1Y
- 45.50%
- 3Y*
- 17.84%
- 5Y*
- 7.08%
- 10Y*
- 11.46%
VSMAX
- 1D
- 3.15%
- 1M
- -5.71%
- YTD
- 1.90%
- 6M
- 3.41%
- 1Y
- 19.29%
- 3Y*
- 13.01%
- 5Y*
- 5.34%
- 10Y*
- 10.49%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
RYOTX vs. VSMAX - Expense Ratio Comparison
RYOTX has a 1.20% expense ratio, which is higher than VSMAX's 0.05% expense ratio.
Return for Risk
RYOTX vs. VSMAX — Risk / Return Rank
RYOTX
VSMAX
RYOTX vs. VSMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Micro Cap Series Fund (RYOTX) and Vanguard Small-Cap Index Fund Admiral Shares (VSMAX). 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 | VSMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.73 | 0.91 | +0.82 |
Sortino ratioReturn per unit of downside risk | 2.37 | 1.40 | +0.97 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.19 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 3.26 | 1.38 | +1.88 |
Martin ratioReturn relative to average drawdown | 11.42 | 5.95 | +5.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| RYOTX | VSMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 0.91 | +0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.26 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.49 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.37 | +0.22 |
Correlation
The correlation between RYOTX and VSMAX is 0.92, 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. VSMAX - Dividend Comparison
RYOTX's dividend yield for the trailing twelve months is around 13.68%, more than VSMAX's 1.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYOTX Royce Micro Cap Series Fund | 13.68% | 14.94% | 12.20% | 6.97% | 5.10% | 23.10% | 7.40% | 2.72% | 13.95% | 7.76% | 11.41% | 12.99% |
VSMAX Vanguard Small-Cap Index Fund Admiral Shares | 1.33% | 1.33% | 1.30% | 1.56% | 1.54% | 1.24% | 1.14% | 1.39% | 1.67% | 1.35% | 1.49% | 1.48% |
Drawdowns
RYOTX vs. VSMAX - Drawdown Comparison
The maximum RYOTX drawdown since its inception was -56.86%, roughly equal to the maximum VSMAX drawdown of -59.68%. Use the drawdown chart below to compare losses from any high point for RYOTX and VSMAX.
Loading graphics...
Drawdown Indicators
| RYOTX | VSMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.86% | -59.68% | +2.82% |
Max Drawdown (1Y)Largest decline over 1 year | -13.59% | -14.30% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -35.84% | -28.14% | -7.70% |
Max Drawdown (10Y)Largest decline over 10 years | -44.87% | -41.82% | -3.05% |
Current DrawdownCurrent decline from peak | -7.15% | -6.11% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -9.47% | -9.75% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 3.32% | +0.56% |
Volatility
RYOTX vs. VSMAX - Volatility Comparison
Royce Micro Cap Series Fund (RYOTX) has a higher volatility of 9.07% compared to Vanguard Small-Cap Index Fund Admiral Shares (VSMAX) at 6.82%. This indicates that RYOTX's price experiences larger fluctuations and is considered to be riskier than VSMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| RYOTX | VSMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.07% | 6.82% | +2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 17.62% | 12.61% | +5.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.53% | 21.80% | +4.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.39% | 20.74% | +2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.03% | 21.54% | +1.49% |