RYPNX vs. MXLSX
RYPNX (Royce Opportunity Fund) and MXLSX (Great-West Small Cap Value Fund) are both Small Cap Value Equities funds. Over the past 10 years, RYPNX returned 15.49%/yr vs 9.79%/yr for MXLSX. Their correlation of 0.90 suggests significant overlap in exposure. RYPNX charges 1.21%/yr vs 1.09%/yr for MXLSX.
Performance
RYPNX vs. MXLSX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RYPNX achieves a 31.15% return, which is significantly higher than MXLSX's 18.63% return. Over the past 10 years, RYPNX has outperformed MXLSX with an annualized return of 15.49%, while MXLSX has yielded a comparatively lower 9.79% annualized return.
RYPNX
- 1D
- -0.48%
- 1M
- 5.48%
- YTD
- 31.15%
- 6M
- 28.63%
- 1Y
- 54.71%
- 3Y*
- 21.44%
- 5Y*
- 9.91%
- 10Y*
- 15.49%
MXLSX
- 1D
- -0.13%
- 1M
- 4.26%
- YTD
- 18.63%
- 6M
- 16.56%
- 1Y
- 29.15%
- 3Y*
- 15.05%
- 5Y*
- 8.19%
- 10Y*
- 9.79%
RYPNX vs. MXLSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYPNX Royce Opportunity Fund | 31.15% | 11.95% | 10.20% | 19.72% | -17.19% | 30.34% | 26.52% | 28.24% | -20.10% | 21.69% |
MXLSX Great-West Small Cap Value Fund | 18.63% | 4.08% | 8.20% | 17.81% | -10.07% | 31.12% | 2.84% | 24.67% | -16.64% | 8.44% |
Correlation
The correlation between RYPNX and MXLSX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997 | 0.90 |
The correlation between RYPNX and MXLSX has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RYPNX vs. MXLSX — Risk / Return Rank
RYPNX
MXLSX
RYPNX vs. MXLSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Opportunity Fund (RYPNX) and Great-West Small Cap Value Fund (MXLSX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RYPNX | MXLSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.33 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.68 | 3.18 | +1.50 |
| Martin ratioReturn relative to average drawdown | 17.73 | 10.06 | +7.67 |
Loading charts...
Drawdowns
RYPNX vs. MXLSX - Drawdown Comparison
The maximum RYPNX drawdown since its inception was -69.31%, which is greater than MXLSX's maximum drawdown of -60.41%. Use the drawdown chart below to compare losses from any high point for RYPNX and MXLSX.
Loading charts...
Drawdown Indicators
| RYPNX | MXLSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.31% | -60.41% | -8.90% |
Max Drawdown (1Y)Largest decline over 1 year | -12.01% | -9.84% | -2.17% |
Max Drawdown (3Y)Largest decline over 3 years | -30.23% | -26.04% | -4.19% |
Max Drawdown (5Y)Largest decline over 5 years | -30.77% | -26.04% | -4.73% |
Max Drawdown (10Y)Largest decline over 10 years | -50.61% | -43.52% | -7.09% |
Current DrawdownCurrent decline from peak | -0.48% | -0.44% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -10.65% | -12.12% | +1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 3.07% | +0.09% |
Volatility
RYPNX vs. MXLSX - Volatility Comparison
Royce Opportunity Fund (RYPNX) has a higher volatility of 7.28% compared to Great-West Small Cap Value Fund (MXLSX) at 4.07%. This indicates that RYPNX's price experiences larger fluctuations and is considered to be riskier than MXLSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RYPNX | MXLSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.28% | 4.07% | +3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 15.46% | 11.55% | +3.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.04% | 16.51% | +5.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.34% | 20.81% | +3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.39% | 22.32% | +3.07% |
RYPNX vs. MXLSX - Expense Ratio Comparison
RYPNX has a 1.21% expense ratio, which is higher than MXLSX's 1.09% expense ratio.
Dividends
RYPNX vs. MXLSX - Dividend Comparison
RYPNX's dividend yield for the trailing twelve months is around 7.34%, more than MXLSX's 0.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXLSX Great-West Small Cap Value Fund | 0.40% | 0.48% | 1.07% | 2.24% | 2.93% | 6.23% | 0.23% | 0.47% | 2.92% | 5.29% | 0.00% | 0.00% |
RYPNX Royce Opportunity Fund | 7.34% | 9.63% | 7.95% | 4.52% | 5.12% | 22.51% | 0.00% | 1.57% | 10.21% | 14.91% | 6.89% | 10.04% |
Frequently Asked Questions
RYPNX and MXLSX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYPNX has higher volatility (7.28%) compared to MXLSX (4.07%). In terms of maximum drawdown, RYPNX dropped -69.31% vs MXLSX's -60.41%.
RYPNX currently has the higher Sharpe Ratio (2.55 vs 1.90), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for RYPNX and MXLSX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer