RYTRX vs. ADKSX
RYTRX (Royce Total Return Fund) and ADKSX (Adirondack Small Cap Fund) are both Small Cap Value Equities funds. Over the past 10 years, RYTRX returned 9.74%/yr vs 10.55%/yr for ADKSX. Their correlation of 0.91 means they have usually moved in the same direction. RYTRX charges 1.25%/yr vs 1.43%/yr for ADKSX.
Performance
RYTRX vs. ADKSX - Performance Comparison
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Returns By Period
In the year-to-date period, RYTRX achieves a 18.49% return, which is significantly lower than ADKSX's 19.83% return. Over the past 10 years, RYTRX has underperformed ADKSX with an annualized return of 9.74%, while ADKSX has yielded a comparatively higher 10.55% annualized return.
RYTRX
- 1D
- 1.37%
- 1M
- 3.17%
- 6M
- 11.70%
- YTD
- 18.49%
- 1Y
- 25.50%
- 3Y*
- 13.19%
- 5Y*
- 9.10%
- 10Y*
- 9.74%
- ALL TIME*
- 9.85%
ADKSX
- 1D
- 1.31%
- 1M
- 1.00%
- 6M
- 12.22%
- YTD
- 19.83%
- 1Y
- 35.77%
- 3Y*
- 19.61%
- 5Y*
- 14.25%
- 10Y*
- 10.55%
- ALL TIME*
- 9.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RYTRX vs. ADKSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYTRX Royce Total Return Fund | 18.49% | 2.57% | 9.96% | 24.39% | -13.59% | 25.58% | 3.84% | 23.53% | -12.68% | 13.27% |
ADKSX Adirondack Small Cap Fund | 19.83% | 12.58% | 19.55% | 16.59% | -1.39% | 26.11% | 6.10% | 15.96% | -23.30% | 10.62% |
Correlation
The correlation between RYTRX and ADKSX is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2005 | 0.91 |
The correlation between RYTRX and ADKSX has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.
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Return for Risk
RYTRX vs. ADKSX — Risk / Return Rank
RYTRX
ADKSX
RYTRX vs. ADKSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Total Return Fund (RYTRX) and Adirondack Small Cap Fund (ADKSX). 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.
| RYTRX | ADKSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.44 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 4.09 | -2.03 |
| Martin ratioReturn relative to average drawdown | 5.85 | 15.30 | -9.45 |
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Drawdowns
RYTRX vs. ADKSX - Drawdown Comparison
The maximum RYTRX drawdown since its inception was -54.24%, smaller than the maximum ADKSX drawdown of -61.46%. Use the drawdown chart below to compare losses from any high point for RYTRX and ADKSX.
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Drawdown Indicators
| RYTRX | ADKSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.24% | -61.46% | +7.22% |
Max Drawdown (1Y)Largest decline over 1 year | -13.33% | -9.28% | -4.05% |
Max Drawdown (3Y)Largest decline over 3 years | -23.68% | -22.08% | -1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -24.31% | -22.81% | -1.50% |
Max Drawdown (10Y)Largest decline over 10 years | -40.82% | -54.81% | +13.99% |
Current DrawdownCurrent decline from peak | 0.00% | -0.13% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -6.26% | -9.06% | +2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.69% | 2.48% | +2.21% |
Volatility
RYTRX vs. ADKSX - Volatility Comparison
Royce Total Return Fund (RYTRX) has a higher volatility of 4.72% compared to Adirondack Small Cap Fund (ADKSX) at 3.62%. This indicates that RYTRX's price experiences larger fluctuations and is considered to be riskier than ADKSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYTRX | ADKSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 3.62% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 11.22% | 10.16% | +1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.62% | 14.90% | +1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.22% | 19.67% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.15% | 21.93% | -0.78% |
RYTRX vs. ADKSX - Expense Ratio Comparison
RYTRX has a 1.25% expense ratio, which is lower than ADKSX's 1.43% expense ratio.
Dividends
RYTRX vs. ADKSX - Dividend Comparison
RYTRX's dividend yield for the trailing twelve months is around 10.92%, more than ADKSX's 6.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADKSX Adirondack Small Cap Fund | 6.84% | 8.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% | 0.28% | 15.62% | 10.09% | 3.18% | 3.45% |
RYTRX Royce Total Return Fund | 10.92% | 12.72% | 7.73% | 9.77% | 15.94% | 32.86% | 20.91% | 9.54% | 23.54% | 13.86% | 9.56% | 14.86% |
Frequently Asked Questions
RYTRX and ADKSX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYTRX has higher volatility (4.72%) compared to ADKSX (3.62%). In terms of maximum drawdown, RYTRX dropped -54.24% vs ADKSX's -61.46%.
ADKSX currently has the higher Sharpe Ratio (2.56 vs 1.66), 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.
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