RYPNX vs. HWSAX
Compare and contrast key facts about Royce Opportunity Fund (RYPNX) and Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX).
RYPNX is managed by Royce Investment Partners. It was launched on Nov 19, 1996. HWSAX is managed by Hotchkis & Wiley. It was launched on Jun 10, 2000.
Performance
RYPNX vs. HWSAX - Performance Comparison
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RYPNX vs. HWSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYPNX Royce Opportunity Fund | 6.37% | 11.95% | 10.20% | 19.72% | -17.19% | 30.34% | 26.52% | 28.24% | -20.10% | 21.69% |
HWSAX Hotchkis & Wiley Small Cap Value Fund Class A | 9.00% | 1.38% | 4.77% | 18.56% | 2.81% | 35.32% | -0.50% | 20.26% | -15.23% | 7.39% |
Returns By Period
In the year-to-date period, RYPNX achieves a 6.37% return, which is significantly lower than HWSAX's 9.00% return. Over the past 10 years, RYPNX has outperformed HWSAX with an annualized return of 13.04%, while HWSAX has yielded a comparatively lower 9.96% annualized return.
RYPNX
- 1D
- 2.80%
- 1M
- -6.74%
- YTD
- 6.37%
- 6M
- 7.49%
- 1Y
- 36.43%
- 3Y*
- 14.02%
- 5Y*
- 5.93%
- 10Y*
- 13.04%
HWSAX
- 1D
- 1.75%
- 1M
- 0.95%
- YTD
- 9.00%
- 6M
- 7.38%
- 1Y
- 18.60%
- 3Y*
- 10.15%
- 5Y*
- 9.03%
- 10Y*
- 9.96%
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RYPNX vs. HWSAX - Expense Ratio Comparison
Both RYPNX and HWSAX have an expense ratio of 1.21%.
Return for Risk
RYPNX vs. HWSAX — Risk / Return Rank
RYPNX
HWSAX
RYPNX vs. HWSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Opportunity Fund (RYPNX) and Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX). 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.
| RYPNX | HWSAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 0.78 | +0.58 |
Sortino ratioReturn per unit of downside risk | 1.94 | 1.22 | +0.71 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.17 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.23 | 1.17 | +1.06 |
Martin ratioReturn relative to average drawdown | 8.50 | 4.34 | +4.17 |
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
| RYPNX | HWSAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 0.78 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.42 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.41 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.47 | +0.03 |
Correlation
The correlation between RYPNX and HWSAX 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
RYPNX vs. HWSAX - Dividend Comparison
RYPNX's dividend yield for the trailing twelve months is around 9.05%, more than HWSAX's 0.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYPNX Royce Opportunity Fund | 9.05% | 9.63% | 7.95% | 4.52% | 5.12% | 22.51% | 0.00% | 1.57% | 10.21% | 14.91% | 6.89% | 10.04% |
HWSAX Hotchkis & Wiley Small Cap Value Fund Class A | 0.64% | 0.69% | 8.19% | 1.79% | 13.39% | 0.22% | 0.63% | 4.62% | 9.45% | 4.80% | 0.00% | 11.67% |
Drawdowns
RYPNX vs. HWSAX - Drawdown Comparison
The maximum RYPNX drawdown since its inception was -69.31%, roughly equal to the maximum HWSAX drawdown of -72.14%. Use the drawdown chart below to compare losses from any high point for RYPNX and HWSAX.
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Drawdown Indicators
| RYPNX | HWSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.31% | -72.14% | +2.83% |
Max Drawdown (1Y)Largest decline over 1 year | -16.05% | -16.44% | +0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -30.77% | -26.98% | -3.79% |
Max Drawdown (10Y)Largest decline over 10 years | -50.61% | -53.82% | +3.21% |
Current DrawdownCurrent decline from peak | -6.74% | -1.09% | -5.65% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -11.03% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.21% | 4.43% | -0.22% |
Volatility
RYPNX vs. HWSAX - Volatility Comparison
Royce Opportunity Fund (RYPNX) has a higher volatility of 7.95% compared to Hotchkis & Wiley Small Cap Value Fund Class A (HWSAX) at 4.45%. This indicates that RYPNX's price experiences larger fluctuations and is considered to be riskier than HWSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYPNX | HWSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.95% | 4.45% | +3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 16.47% | 12.99% | +3.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.15% | 23.99% | +3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.28% | 21.71% | +2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.30% | 24.65% | +0.65% |