RYPNX vs. HWSIX
Compare and contrast key facts about Royce Opportunity Fund (RYPNX) and Hotchkis & Wiley Small Cap Value Fund (HWSIX).
RYPNX is managed by Royce Investment Partners. It was launched on Nov 19, 1996. HWSIX is managed by Hotchkis & Wiley. It was launched on Sep 20, 1985.
Performance
RYPNX vs. HWSIX - Performance Comparison
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RYPNX vs. HWSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYPNX Royce Opportunity Fund | 3.47% | 11.95% | 10.20% | 19.72% | -17.19% | 30.34% | 26.52% | 28.24% | -20.10% | 21.69% |
HWSIX Hotchkis & Wiley Small Cap Value Fund | 7.19% | 1.60% | 5.00% | 18.85% | 2.97% | 35.54% | -0.31% | 20.54% | -15.03% | 7.66% |
Returns By Period
In the year-to-date period, RYPNX achieves a 3.47% return, which is significantly lower than HWSIX's 7.19% return. Over the past 10 years, RYPNX has outperformed HWSIX with an annualized return of 12.72%, while HWSIX has yielded a comparatively lower 10.01% annualized return.
RYPNX
- 1D
- -1.74%
- 1M
- -7.96%
- YTD
- 3.47%
- 6M
- 5.36%
- 1Y
- 32.91%
- 3Y*
- 12.98%
- 5Y*
- 5.69%
- 10Y*
- 12.72%
HWSIX
- 1D
- -0.30%
- 1M
- -0.11%
- YTD
- 7.19%
- 6M
- 5.71%
- 1Y
- 16.85%
- 3Y*
- 9.76%
- 5Y*
- 9.23%
- 10Y*
- 10.01%
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RYPNX vs. HWSIX - Expense Ratio Comparison
RYPNX has a 1.21% expense ratio, which is higher than HWSIX's 1.06% expense ratio.
Return for Risk
RYPNX vs. HWSIX — Risk / Return Rank
RYPNX
HWSIX
RYPNX vs. HWSIX - 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 (HWSIX). 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 | HWSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.19 | 0.73 | +0.46 |
Sortino ratioReturn per unit of downside risk | 1.75 | 1.16 | +0.59 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.16 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.76 | 0.92 | +0.84 |
Martin ratioReturn relative to average drawdown | 6.74 | 3.44 | +3.30 |
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 | HWSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 0.73 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.43 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.41 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.44 | +0.06 |
Correlation
The correlation between RYPNX and HWSIX is 0.89, 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. HWSIX - Dividend Comparison
RYPNX's dividend yield for the trailing twelve months is around 9.31%, more than HWSIX's 0.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYPNX Royce Opportunity Fund | 9.31% | 9.63% | 7.95% | 4.52% | 5.12% | 22.51% | 0.00% | 1.57% | 10.21% | 14.91% | 6.89% | 10.04% |
HWSIX Hotchkis & Wiley Small Cap Value Fund | 0.94% | 1.01% | 8.35% | 1.90% | 13.44% | 0.36% | 0.80% | 4.89% | 9.84% | 5.07% | 0.41% | 11.78% |
Drawdowns
RYPNX vs. HWSIX - Drawdown Comparison
The maximum RYPNX drawdown since its inception was -69.31%, roughly equal to the maximum HWSIX drawdown of -72.00%. Use the drawdown chart below to compare losses from any high point for RYPNX and HWSIX.
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Drawdown Indicators
| RYPNX | HWSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.31% | -72.00% | +2.69% |
Max Drawdown (1Y)Largest decline over 1 year | -16.05% | -16.44% | +0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -30.77% | -26.92% | -3.85% |
Max Drawdown (10Y)Largest decline over 10 years | -50.61% | -53.67% | +3.06% |
Current DrawdownCurrent decline from peak | -9.29% | -2.75% | -6.54% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -12.12% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 4.42% | -0.23% |
Volatility
RYPNX vs. HWSIX - Volatility Comparison
Royce Opportunity Fund (RYPNX) has a higher volatility of 7.51% compared to Hotchkis & Wiley Small Cap Value Fund (HWSIX) at 4.15%. This indicates that RYPNX's price experiences larger fluctuations and is considered to be riskier than HWSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYPNX | HWSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.51% | 4.15% | +3.36% |
Volatility (6M)Calculated over the trailing 6-month period | 16.25% | 12.90% | +3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.08% | 23.97% | +3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.25% | 21.70% | +2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.28% | 24.67% | +0.61% |