RYPNX vs. RIPIX
RYPNX (Royce Opportunity Fund) and RIPIX (Royce International Premier Fund Institutional Class) are both mutual funds - RYPNX is a Small Cap Value Equities fund managed by Royce Investment Partners, while RIPIX is a Mid Cap Growth Equities fund managed by Royce Investment Partners. Over the past 5 years, RYPNX returned 9.00%/yr vs -4.45%/yr for RIPIX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. RYPNX charges 1.21%/yr vs 1.04%/yr for RIPIX.
Performance
RYPNX vs. RIPIX - Performance Comparison
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Returns By Period
In the year-to-date period, RYPNX achieves a 23.58% return, which is significantly higher than RIPIX's 1.92% return.
RYPNX
- 1D
- 1.61%
- 1M
- -5.08%
- 6M
- 13.16%
- YTD
- 23.58%
- 1Y
- 42.87%
- 3Y*
- 15.80%
- 5Y*
- 9.00%
- 10Y*
- 13.81%
- ALL TIME*
- 12.43%
RIPIX
- 1D
- 2.16%
- 1M
- -0.16%
- 6M
- 1.27%
- YTD
- 1.92%
- 1Y
- -2.65%
- 3Y*
- 2.08%
- 5Y*
- -4.45%
- 10Y*
- —
- ALL TIME*
- 2.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RYPNX vs. RIPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RYPNX Royce Opportunity Fund | 23.58% | 11.95% | 10.20% | 19.72% | -17.19% | 30.34% | 26.52% | 28.24% | -23.43% |
RIPIX Royce International Premier Fund Institutional Class | 1.92% | 9.89% | -7.04% | 8.14% | -26.99% | 6.22% | 16.11% | 34.69% | -12.52% |
Correlation
The correlation between RYPNX and RIPIX is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.61 |
Correlation (All Time) Calculated using the full available price history since May 18, 2018 | 0.60 |
The correlation between RYPNX and RIPIX has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.
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Return for Risk
RYPNX vs. RIPIX — Risk / Return Rank
RYPNX
RIPIX
RYPNX vs. RIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Opportunity Fund (RYPNX) and Royce International Premier Fund Institutional Class (RIPIX). 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 | RIPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +2.58 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.98 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | -0.17 | +3.35 |
| Martin ratioReturn relative to average drawdown | 11.32 | -0.43 | +11.75 |
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Drawdowns
RYPNX vs. RIPIX - Drawdown Comparison
The maximum RYPNX drawdown since its inception was -69.31%, which is greater than RIPIX's maximum drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for RYPNX and RIPIX.
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Drawdown Indicators
| RYPNX | RIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.31% | -41.89% | -27.42% |
Max Drawdown (1Y)Largest decline over 1 year | -12.01% | -15.33% | +3.32% |
Max Drawdown (3Y)Largest decline over 3 years | -30.23% | -17.28% | -12.95% |
Max Drawdown (5Y)Largest decline over 5 years | -30.77% | -41.89% | +11.12% |
Max Drawdown (10Y)Largest decline over 10 years | -50.61% | — | — |
Current DrawdownCurrent decline from peak | -7.72% | -24.88% | +17.16% |
Average DrawdownAverage peak-to-trough decline | -10.63% | -18.16% | +7.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 6.21% | -2.84% |
Volatility
RYPNX vs. RIPIX - Volatility Comparison
Royce Opportunity Fund (RYPNX) has a higher volatility of 5.66% compared to Royce International Premier Fund Institutional Class (RIPIX) at 4.62%. This indicates that RYPNX's price experiences larger fluctuations and is considered to be riskier than RIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYPNX | RIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.66% | 4.62% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 15.64% | 11.56% | +4.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.22% | 13.80% | +8.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.27% | 15.54% | +8.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.32% | 16.13% | +9.19% |
RYPNX vs. RIPIX - Expense Ratio Comparison
RYPNX has a 1.21% expense ratio, which is higher than RIPIX's 1.04% expense ratio.
Dividends
RYPNX vs. RIPIX - Dividend Comparison
RYPNX's dividend yield for the trailing twelve months is around 7.79%, more than RIPIX's 1.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RIPIX Royce International Premier Fund Institutional Class | 1.43% | 1.46% | 5.66% | 3.09% | 3.87% | 5.02% | 0.36% | 0.58% | 0.54% | 0.00% | 0.00% | 0.00% |
RYPNX Royce Opportunity Fund | 7.79% | 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 RIPIX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYPNX has higher volatility (5.66%) compared to RIPIX (4.62%). In terms of maximum drawdown, RYPNX dropped -69.31% vs RIPIX's -41.89%.
RYPNX currently has the higher Sharpe Ratio (1.72 vs -0.19), 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.
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