RYPRX vs. SPY
Compare and contrast key facts about Royce Premier Fund (RYPRX) and State Street SPDR S&P 500 ETF (SPY).
RYPRX is managed by Royce Investment Partners. It was launched on Dec 31, 1991. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
RYPRX vs. SPY - Performance Comparison
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RYPRX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYPRX Royce Premier Fund | 1.55% | 5.74% | 2.91% | 22.76% | -15.67% | 16.07% | 11.51% | 34.45% | -10.65% | 23.47% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, RYPRX achieves a 1.55% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, RYPRX has underperformed SPY with an annualized return of 9.94%, while SPY has yielded a comparatively higher 13.98% annualized 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%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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RYPRX vs. SPY - Expense Ratio Comparison
RYPRX has a 1.17% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
RYPRX vs. SPY — Risk / Return Rank
RYPRX
SPY
RYPRX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Premier Fund (RYPRX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.68 | 0.93 | -0.25 |
Sortino ratioReturn per unit of downside risk | 1.13 | 1.45 | -0.32 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.22 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.86 | 1.53 | -0.67 |
Martin ratioReturn relative to average drawdown | 2.73 | 7.30 | -4.57 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 0.93 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.69 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.78 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.56 | +0.02 |
Correlation
The correlation between RYPRX and SPY is 0.78, 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. SPY - Dividend Comparison
RYPRX's dividend yield for the trailing twelve months is around 11.86%, more than SPY's 1.14% 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% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
RYPRX vs. SPY - Drawdown Comparison
The maximum RYPRX drawdown since its inception was -51.47%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RYPRX and SPY.
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Drawdown Indicators
| RYPRX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.47% | -55.19% | +3.72% |
Max Drawdown (1Y)Largest decline over 1 year | -14.54% | -12.05% | -2.49% |
Max Drawdown (5Y)Largest decline over 5 years | -26.14% | -24.50% | -1.64% |
Max Drawdown (10Y)Largest decline over 10 years | -40.30% | -33.72% | -6.58% |
Current DrawdownCurrent decline from peak | -14.54% | -6.24% | -8.30% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -9.09% | +2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 2.52% | +2.04% |
Volatility
RYPRX vs. SPY - Volatility Comparison
Royce Premier Fund (RYPRX) has a higher volatility of 5.89% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that RYPRX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYPRX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 5.31% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 12.91% | 9.47% | +3.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.64% | 19.05% | +3.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.76% | 17.06% | +2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.20% | 17.92% | +3.28% |