RYPRX vs. FSMD
Compare and contrast key facts about Royce Premier Fund (RYPRX) and Fidelity Small-Mid Multifactor ETF (FSMD).
RYPRX is managed by Royce Investment Partners. It was launched on Dec 31, 1991. FSMD is a passively managed fund by Fidelity that tracks the performance of the Fidelity Small-Mid Multifactor Index. It was launched on Feb 26, 2019.
Performance
RYPRX vs. FSMD - Performance Comparison
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RYPRX vs. FSMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RYPRX Royce Premier Fund | 1.55% | 5.74% | 2.91% | 22.76% | -15.67% | 16.07% | 11.51% | 15.30% |
FSMD Fidelity Small-Mid Multifactor ETF | 1.72% | 8.70% | 15.18% | 17.37% | -11.15% | 26.40% | 8.94% | 8.81% |
Returns By Period
In the year-to-date period, RYPRX achieves a 1.55% return, which is significantly lower than FSMD's 1.72% return.
RYPRX
- 1D
- -0.95%
- 1M
- -10.37%
- YTD
- 1.55%
- 6M
- 3.03%
- 1Y
- 15.21%
- 3Y*
- 7.42%
- 5Y*
- 3.75%
- 10Y*
- 9.94%
FSMD
- 1D
- 3.04%
- 1M
- -4.67%
- YTD
- 1.72%
- 6M
- 2.29%
- 1Y
- 15.81%
- 3Y*
- 13.07%
- 5Y*
- 7.84%
- 10Y*
- —
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RYPRX vs. FSMD - Expense Ratio Comparison
RYPRX has a 1.17% expense ratio, which is higher than FSMD's 0.29% expense ratio.
Return for Risk
RYPRX vs. FSMD — Risk / Return Rank
RYPRX
FSMD
RYPRX vs. FSMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Premier Fund (RYPRX) and Fidelity Small-Mid Multifactor ETF (FSMD). 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.
| RYPRX | FSMD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.68 | 0.79 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.13 | 1.26 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.17 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.86 | 1.33 | -0.48 |
Martin ratioReturn relative to average drawdown | 2.73 | 5.61 | -2.88 |
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
| RYPRX | FSMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 0.79 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.43 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.47 | +0.11 |
Correlation
The correlation between RYPRX and FSMD is 0.93, 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
RYPRX vs. FSMD - Dividend Comparison
RYPRX's dividend yield for the trailing twelve months is around 11.86%, more than FSMD's 1.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYPRX Royce Premier Fund | 11.86% | 12.05% | 9.52% | 6.89% | 9.00% | 21.23% | 5.55% | 20.68% | 29.26% | 15.18% | 13.42% | 24.26% |
FSMD Fidelity Small-Mid Multifactor ETF | 1.37% | 1.33% | 1.29% | 1.37% | 1.54% | 1.18% | 1.32% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RYPRX vs. FSMD - Drawdown Comparison
The maximum RYPRX drawdown since its inception was -51.47%, which is greater than FSMD's maximum drawdown of -40.67%. Use the drawdown chart below to compare losses from any high point for RYPRX and FSMD.
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Drawdown Indicators
| RYPRX | FSMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.47% | -40.67% | -10.80% |
Max Drawdown (1Y)Largest decline over 1 year | -14.54% | -12.63% | -1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -26.14% | -22.16% | -3.98% |
Max Drawdown (10Y)Largest decline over 10 years | -40.30% | — | — |
Current DrawdownCurrent decline from peak | -14.54% | -5.65% | -8.89% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -6.12% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 3.01% | +1.55% |
Volatility
RYPRX vs. FSMD - Volatility Comparison
The current volatility for Royce Premier Fund (RYPRX) is 5.89%, while Fidelity Small-Mid Multifactor ETF (FSMD) has a volatility of 6.73%. This indicates that RYPRX experiences smaller price fluctuations and is considered to be less risky than FSMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYPRX | FSMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 6.73% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 12.91% | 11.32% | +1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.64% | 20.07% | +2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.76% | 18.43% | +1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.20% | 21.54% | -0.34% |