RYPRX vs. RWK
Compare and contrast key facts about Royce Premier Fund (RYPRX) and Invesco S&P MidCap 400 Revenue ETF (RWK).
RYPRX is managed by Royce Investment Partners. It was launched on Dec 31, 1991. RWK is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Revenue-Weighted Index. It was launched on Feb 22, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYPRX or RWK.
Key characteristics
| RYPRX | RWK | |
|---|---|---|
| YTD Return | 4.08% | 9.47% |
| 1Y Return | 14.87% | 20.93% |
| 3Y Return (Ann) | 4.64% | 10.36% |
| 5Y Return (Ann) | 8.48% | 15.40% |
| 10Y Return (Ann) | 8.34% | 10.43% |
| Sharpe Ratio | 0.71 | 1.19 |
| Daily Std Dev | 20.45% | 17.56% |
| Max Drawdown | -51.48% | -56.49% |
| Current Drawdown | -4.99% | -1.91% |
Correlation
The correlation between RYPRX and RWK is 0.90, 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
RYPRX vs. RWK - Performance Comparison
In the year-to-date period, RYPRX achieves a 4.08% return, which is significantly lower than RWK's 9.47% return. Over the past 10 years, RYPRX has underperformed RWK with an annualized return of 8.34%, while RWK has yielded a comparatively higher 10.43% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RYPRX vs. RWK - Expense Ratio Comparison
RYPRX has a 1.17% expense ratio, which is higher than RWK's 0.39% expense ratio.
Risk-Adjusted Performance
RYPRX vs. RWK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Premier Fund (RYPRX) and Invesco S&P MidCap 400 Revenue ETF (RWK). 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
RYPRX vs. RWK - Dividend Comparison
RYPRX's dividend yield for the trailing twelve months is around 6.62%, more than RWK's 0.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYPRX Royce Premier Fund | 6.62% | 6.89% | 9.00% | 21.23% | 5.55% | 20.68% | 29.26% | 15.29% | 13.42% | 24.26% | 10.92% | 10.24% |
RWK Invesco S&P MidCap 400 Revenue ETF | 0.83% | 1.05% | 1.18% | 0.85% | 0.96% | 1.09% | 1.22% | 0.74% | 1.30% | 0.92% | 1.04% | 1.29% |
Drawdowns
RYPRX vs. RWK - Drawdown Comparison
The maximum RYPRX drawdown since its inception was -51.48%, smaller than the maximum RWK drawdown of -56.49%. Use the drawdown chart below to compare losses from any high point for RYPRX and RWK. For additional features, visit the drawdowns tool.
Volatility
RYPRX vs. RWK - Volatility Comparison
Royce Premier Fund (RYPRX) has a higher volatility of 5.77% compared to Invesco S&P MidCap 400 Revenue ETF (RWK) at 5.40%. This indicates that RYPRX's price experiences larger fluctuations and is considered to be riskier than RWK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.