RYPNX vs. IWM
Compare and contrast key facts about Royce Opportunity Fund (RYPNX) and iShares Russell 2000 ETF (IWM).
RYPNX is managed by Royce Investment Partners. It was launched on Nov 19, 1996. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYPNX or IWM.
Key characteristics
| RYPNX | IWM | |
|---|---|---|
| YTD Return | 4.30% | 9.92% |
| 1Y Return | 15.61% | 22.45% |
| 3Y Return (Ann) | 2.90% | 0.90% |
| 5Y Return (Ann) | 12.97% | 8.58% |
| 10Y Return (Ann) | 9.23% | 8.22% |
| Sharpe Ratio | 0.70 | 1.03 |
| Daily Std Dev | 21.99% | 21.40% |
| Max Drawdown | -69.31% | -59.05% |
| Current Drawdown | -8.16% | -6.07% |
Correlation
The correlation between RYPNX and IWM is 0.94, 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.
Performance
RYPNX vs. IWM - Performance Comparison
In the year-to-date period, RYPNX achieves a 4.30% return, which is significantly lower than IWM's 9.92% return. Over the past 10 years, RYPNX has outperformed IWM with an annualized return of 9.23%, while IWM has yielded a comparatively lower 8.22% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
RYPNX vs. IWM - Expense Ratio Comparison
RYPNX has a 1.21% expense ratio, which is higher than IWM's 0.19% expense ratio.
Risk-Adjusted Performance
RYPNX vs. IWM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Opportunity Fund (RYPNX) and iShares Russell 2000 ETF (IWM). 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.
Dividends
RYPNX vs. IWM - Dividend Comparison
RYPNX's dividend yield for the trailing twelve months is around 4.34%, more than IWM's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYPNX Royce Opportunity Fund | 4.34% | 4.52% | 5.12% | 22.51% | 0.00% | 1.57% | 10.21% | 14.91% | 6.89% | 10.04% | 14.40% | 9.88% |
IWM iShares Russell 2000 ETF | 1.21% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% | 1.23% |
Drawdowns
RYPNX vs. IWM - Drawdown Comparison
The maximum RYPNX drawdown since its inception was -69.31%, which is greater than IWM's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for RYPNX and IWM. For additional features, visit the drawdowns tool.
Volatility
RYPNX vs. IWM - Volatility Comparison
Royce Opportunity Fund (RYPNX) has a higher volatility of 7.24% compared to iShares Russell 2000 ETF (IWM) at 6.28%. This indicates that RYPNX's price experiences larger fluctuations and is considered to be riskier than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.