RYSEX vs. FCVTX
Compare and contrast key facts about Royce Special Equity Fund (RYSEX) and Fidelity Advisor Small Cap Value Fund Class M (FCVTX).
RYSEX is managed by Royce Investment Partners. It was launched on May 1, 1998. FCVTX is managed by Fidelity. It was launched on Nov 3, 2004.
Performance
RYSEX vs. FCVTX - Performance Comparison
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RYSEX vs. FCVTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYSEX Royce Special Equity Fund | 4.13% | 3.66% | 2.93% | 12.96% | -6.60% | 22.24% | 7.43% | 12.73% | -9.96% | 7.13% |
FCVTX Fidelity Advisor Small Cap Value Fund Class M | 1.76% | 7.53% | 7.42% | 17.19% | -13.53% | 37.49% | 10.60% | 20.19% | -15.58% | 11.68% |
Returns By Period
In the year-to-date period, RYSEX achieves a 4.13% return, which is significantly higher than FCVTX's 1.76% return. Over the past 10 years, RYSEX has underperformed FCVTX with an annualized return of 7.66%, while FCVTX has yielded a comparatively higher 9.08% annualized return.
RYSEX
- 1D
- 0.76%
- 1M
- -3.12%
- YTD
- 4.13%
- 6M
- 6.06%
- 1Y
- 17.87%
- 3Y*
- 6.67%
- 5Y*
- 4.40%
- 10Y*
- 7.66%
FCVTX
- 1D
- 2.78%
- 1M
- -6.75%
- YTD
- 1.76%
- 6M
- 3.20%
- 1Y
- 15.93%
- 3Y*
- 10.60%
- 5Y*
- 5.78%
- 10Y*
- 9.08%
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RYSEX vs. FCVTX - Expense Ratio Comparison
RYSEX has a 1.20% expense ratio, which is lower than FCVTX's 1.50% expense ratio.
Return for Risk
RYSEX vs. FCVTX — Risk / Return Rank
RYSEX
FCVTX
RYSEX vs. FCVTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Special Equity Fund (RYSEX) and Fidelity Advisor Small Cap Value Fund Class M (FCVTX). 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.
| RYSEX | FCVTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 0.74 | +0.29 |
Sortino ratioReturn per unit of downside risk | 1.61 | 1.19 | +0.42 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.15 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.11 | +0.54 |
Martin ratioReturn relative to average drawdown | 5.46 | 4.10 | +1.36 |
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
| RYSEX | FCVTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 0.74 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.28 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.41 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.41 | +0.11 |
Correlation
The correlation between RYSEX and FCVTX 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.
Dividends
RYSEX vs. FCVTX - Dividend Comparison
RYSEX's dividend yield for the trailing twelve months is around 11.87%, more than FCVTX's 10.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYSEX Royce Special Equity Fund | 11.87% | 12.36% | 16.35% | 5.32% | 12.34% | 16.53% | 3.70% | 11.56% | 13.11% | 8.24% | 7.72% | 11.68% |
FCVTX Fidelity Advisor Small Cap Value Fund Class M | 10.51% | 10.69% | 4.91% | 5.34% | 6.37% | 8.00% | 0.23% | 3.20% | 38.15% | 3.30% | 6.98% | 11.13% |
Drawdowns
RYSEX vs. FCVTX - Drawdown Comparison
The maximum RYSEX drawdown since its inception was -43.25%, smaller than the maximum FCVTX drawdown of -58.26%. Use the drawdown chart below to compare losses from any high point for RYSEX and FCVTX.
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Drawdown Indicators
| RYSEX | FCVTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.25% | -58.26% | +15.01% |
Max Drawdown (1Y)Largest decline over 1 year | -10.97% | -14.42% | +3.45% |
Max Drawdown (5Y)Largest decline over 5 years | -23.03% | -24.91% | +1.88% |
Max Drawdown (10Y)Largest decline over 10 years | -32.13% | -44.83% | +12.70% |
Current DrawdownCurrent decline from peak | -5.62% | -7.91% | +2.29% |
Average DrawdownAverage peak-to-trough decline | -6.39% | -8.28% | +1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 3.91% | -0.59% |
Volatility
RYSEX vs. FCVTX - Volatility Comparison
The current volatility for Royce Special Equity Fund (RYSEX) is 3.54%, while Fidelity Advisor Small Cap Value Fund Class M (FCVTX) has a volatility of 6.34%. This indicates that RYSEX experiences smaller price fluctuations and is considered to be less risky than FCVTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYSEX | FCVTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 6.34% | -2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 9.66% | 12.17% | -2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.14% | 21.93% | -3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.43% | 20.84% | -4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.40% | 22.28% | -4.88% |