RYVFX vs. PENNX
Compare and contrast key facts about Royce Small-Cap Value Fund (RYVFX) and Royce Pennsylvania Mutual Fund (PENNX).
RYVFX is managed by Royce Investment Partners. It was launched on Jun 14, 2001. PENNX is managed by Royce Investment Partners. It was launched on Oct 31, 1972.
Performance
RYVFX vs. PENNX - Performance Comparison
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RYVFX vs. PENNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYVFX Royce Small-Cap Value Fund | 2.26% | 6.77% | 3.20% | 26.40% | -10.18% | 28.15% | -6.47% | 18.26% | -7.37% | 4.93% |
PENNX Royce Pennsylvania Mutual Fund | 0.87% | 9.02% | 7.02% | 26.82% | -17.18% | 21.49% | 14.11% | 26.61% | -9.94% | 16.00% |
Returns By Period
In the year-to-date period, RYVFX achieves a 2.26% return, which is significantly higher than PENNX's 0.87% return. Over the past 10 years, RYVFX has underperformed PENNX with an annualized return of 6.93%, while PENNX has yielded a comparatively higher 10.43% annualized return.
RYVFX
- 1D
- -0.30%
- 1M
- -4.42%
- YTD
- 2.26%
- 6M
- 3.20%
- 1Y
- 22.39%
- 3Y*
- 11.43%
- 5Y*
- 6.31%
- 10Y*
- 6.93%
PENNX
- 1D
- -1.17%
- 1M
- -8.36%
- YTD
- 0.87%
- 6M
- 2.90%
- 1Y
- 21.24%
- 3Y*
- 11.33%
- 5Y*
- 5.76%
- 10Y*
- 10.43%
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RYVFX vs. PENNX - Expense Ratio Comparison
RYVFX has a 1.49% expense ratio, which is higher than PENNX's 0.92% expense ratio.
Return for Risk
RYVFX vs. PENNX — Risk / Return Rank
RYVFX
PENNX
RYVFX vs. PENNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Small-Cap Value Fund (RYVFX) and Royce Pennsylvania Mutual Fund (PENNX). 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.
| RYVFX | PENNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 0.94 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.55 | 1.46 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.19 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.33 | +0.15 |
Martin ratioReturn relative to average drawdown | 4.80 | 5.24 | -0.45 |
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
| RYVFX | PENNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 0.94 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.28 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.49 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.48 | -0.13 |
Correlation
The correlation between RYVFX and PENNX is 0.94, 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
RYVFX vs. PENNX - Dividend Comparison
RYVFX's dividend yield for the trailing twelve months is around 9.94%, more than PENNX's 6.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYVFX Royce Small-Cap Value Fund | 9.94% | 10.17% | 6.03% | 8.20% | 6.02% | 5.77% | 3.92% | 3.19% | 13.14% | 3.45% | 5.59% | 19.64% |
PENNX Royce Pennsylvania Mutual Fund | 6.64% | 6.70% | 9.35% | 4.91% | 5.19% | 28.20% | 5.05% | 3.85% | 23.68% | 21.27% | 7.15% | 23.31% |
Drawdowns
RYVFX vs. PENNX - Drawdown Comparison
The maximum RYVFX drawdown since its inception was -57.72%, roughly equal to the maximum PENNX drawdown of -57.00%. Use the drawdown chart below to compare losses from any high point for RYVFX and PENNX.
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Drawdown Indicators
| RYVFX | PENNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.72% | -57.00% | -0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -13.66% | -13.65% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -28.20% | -27.58% | -0.62% |
Max Drawdown (10Y)Largest decline over 10 years | -48.56% | -41.10% | -7.46% |
Current DrawdownCurrent decline from peak | -7.01% | -10.21% | +3.20% |
Average DrawdownAverage peak-to-trough decline | -9.86% | -9.43% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.22% | 3.47% | +0.75% |
Volatility
RYVFX vs. PENNX - Volatility Comparison
The current volatility for Royce Small-Cap Value Fund (RYVFX) is 4.79%, while Royce Pennsylvania Mutual Fund (PENNX) has a volatility of 6.36%. This indicates that RYVFX experiences smaller price fluctuations and is considered to be less risky than PENNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYVFX | PENNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 6.36% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 12.09% | 12.84% | -0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.57% | 22.40% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.56% | 20.67% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.48% | 21.49% | +0.99% |