RYPRX vs. FMAGX

Last updated Aug 1, 2026

RYPRX (Royce Premier Fund) and FMAGX (Fidelity Magellan Fund) are both mutual funds - RYPRX is a Small Cap Blend Equities fund managed by Royce Investment Partners, while FMAGX is a Large Cap Growth Equities fund actively managed by Fidelity. Over the past 10 years, RYPRX returned 10.96%/yr vs 14.44%/yr for FMAGX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. RYPRX charges 1.17%/yr vs 0.64%/yr for FMAGX.

Performance

RYPRX vs. FMAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Royce Premier Fund (RYPRX) and Fidelity Magellan Fund (FMAGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYPRX achieves a 18.06% return, which is significantly higher than FMAGX's 3.12% return. Over the past 10 years, RYPRX has underperformed FMAGX with an annualized return of 10.96%, while FMAGX has yielded a comparatively higher 14.44% annualized return.

RYPRX

• 1D: 0.25%
• 1M: -2.33%
• 6M: 7.14%
• YTD: 18.06%
• 1Y: 23.58%
• 3Y*: 10.00%
• 5Y*: 6.81%
• 10Y*: 10.96%
• ALL TIME*: 11.15%

FMAGX

• 1D: 3.00%
• 1M: -2.08%
• 6M: 2.64%
• YTD: 3.12%
• 1Y: 2.36%
• 3Y*: 18.41%
• 5Y*: 9.88%
• 10Y*: 14.44%
• ALL TIME*: 11.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FMAGX Fidelity Magellan Fund	$0.00	$0.00	$0.00
RYPRX Royce Premier Fund	$0.00	$0.00	$0.00

RYPRX vs. FMAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYPRX Royce Premier Fund	18.06%	5.74%	2.91%	22.76%	-15.67%	16.07%	11.51%	34.45%	-10.65%	23.47%
FMAGX Fidelity Magellan Fund	3.12%	16.27%	28.06%	31.04%	-27.18%	27.08%	28.34%	31.26%	-5.70%	26.49%

Correlation

The correlation between RYPRX and FMAGX is 0.62, 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.	0.62
Correlation (3Y) Balances recent behavior with more history.	0.65
Correlation (5Y) Shows whether the relationship held over a longer period.	0.74
Correlation (10Y) Provides a long-term view across more market conditions.	0.73
Correlation (All Time) Calculated using the full available price history since Jan 2, 1992	0.78

The correlation between RYPRX and FMAGX shifts across timeframes, from 0.62 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RYPRX vs. FMAGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RYPRX

RYPRX Risk / Return Rank: 37
RYPRX Sharpe Ratio Rank: 38
RYPRX Sortino Ratio Rank: 44
RYPRX Omega Ratio Rank: 36
RYPRX Calmar Ratio Rank: 35
RYPRX Martin Ratio Rank: 32

FMAGX

FMAGX Risk / Return Rank: 6
FMAGX Sharpe Ratio Rank: 5
FMAGX Sortino Ratio Rank: 6
FMAGX Omega Ratio Rank: 6
FMAGX Calmar Ratio Rank: 6
FMAGX Martin Ratio Rank: 6

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RYPRX vs. FMAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Royce Premier Fund (RYPRX) and Fidelity Magellan Fund (FMAGX). 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.

	RYPRX	FMAGX	Difference
Sharpe ratio: Return per unit of total volatility	1.15	0.05	+1.10
Sortino ratio: Return per unit of downside risk	1.81	0.18	+1.63
Omega ratio: Gain probability vs. loss probability	1.20	1.02	+0.18
Calmar ratio: Return relative to maximum drawdown	1.48	0.05	+1.42
Martin ratio: Return relative to average drawdown	4.68	0.18	+4.50

RYPRX vs. FMAGX - Sharpe Ratio Comparison

The current RYPRX Sharpe Ratio is 1.15, which is higher than the FMAGX Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of RYPRX and FMAGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RYPRX vs. FMAGX - Drawdown Comparison

The maximum RYPRX drawdown since its inception was -51.47%, smaller than the maximum FMAGX drawdown of -71.14%. Use the drawdown chart below to compare losses from any high point for RYPRX and FMAGX.

Drawdown Indicators

	RYPRX	FMAGX	Difference
Max Drawdown Largest peak-to-trough decline	-51.47%	-71.14%	+19.67%
Max Drawdown (1Y) Largest decline over 1 year	-14.54%	-14.00%	-0.54%
Max Drawdown (3Y) Largest decline over 3 years	-26.14%	-20.10%	-6.04%
Max Drawdown (5Y) Largest decline over 5 years	-26.14%	-33.13%	+6.99%
Max Drawdown (10Y) Largest decline over 10 years	-40.30%	-33.13%	-7.17%
Current Drawdown Current decline from peak	-4.40%	-5.09%	+0.69%
Average Drawdown Average peak-to-trough decline	-6.25%	-14.92%	+8.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.58%	4.15%	+0.43%

Volatility

RYPRX vs. FMAGX - Volatility Comparison

The current volatility for Royce Premier Fund (RYPRX) is 4.46%, while Fidelity Magellan Fund (FMAGX) has a volatility of 5.93%. This indicates that RYPRX experiences smaller price fluctuations and is considered to be less risky than FMAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYPRX	FMAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.46%	5.93%	-1.47%
Volatility (6M) Calculated over the trailing 6-month period	13.93%	13.82%	+0.11%
Volatility (1Y) Calculated over the trailing 1-year period	18.70%	16.52%	+2.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.00%	20.40%	-0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.26%	20.25%	+1.01%

RYPRX vs. FMAGX - Expense Ratio Comparison

RYPRX has a 1.17% expense ratio, which is higher than FMAGX's 0.64% expense ratio.

Dividends

RYPRX vs. FMAGX - Dividend Comparison

RYPRX's dividend yield for the trailing twelve months is around 10.20%, more than FMAGX's 6.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMAGX Fidelity Magellan Fund	6.68%	13.90%	6.12%	11.72%	5.02%	7.01%	0.30%	14.93%	10.83%	9.64%	2.92%	7.60%
RYPRX Royce Premier Fund	10.20%	12.05%	9.52%	6.89%	9.00%	21.23%	5.55%	20.68%	29.26%	15.18%	13.42%	24.26%

Frequently Asked Questions

Can I hold both RYPRX and FMAGX in my portfolio?

RYPRX and FMAGX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYPRX or FMAGX?

FMAGX has higher volatility (5.93%) compared to RYPRX (4.46%). In terms of maximum drawdown, RYPRX dropped -51.47% vs FMAGX's -71.14%.

Which has better risk-adjusted returns?

RYPRX currently has the higher Sharpe Ratio (1.15 vs 0.05), 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.