RYVFX vs. RYTRX

Last updated Jun 23, 2026

RYVFX (Royce Small-Cap Value Fund) and RYTRX (Royce Total Return Fund) are both Small Cap Value Equities funds from Royce Investment Partners. Over the past 10 years, RYVFX returned 8.98%/yr vs 9.33%/yr for RYTRX. Their correlation of 0.93 suggests significant overlap in exposure. RYVFX charges 1.49%/yr vs 1.25%/yr for RYTRX.

Performance

RYVFX vs. RYTRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Royce Small-Cap Value Fund (RYVFX) and Royce Total Return Fund (RYTRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYVFX achieves a 18.29% return, which is significantly higher than RYTRX's 9.17% return. Both investments have delivered pretty close results over the past 10 years, with RYVFX having a 8.98% annualized return and RYTRX not far ahead at 9.33%.

RYVFX

• 1D: 0.88%
• 1M: 3.88%
• YTD: 18.29%
• 6M: 15.33%
• 1Y: 36.83%
• 3Y*: 15.62%
• 5Y*: 9.73%
• 10Y*: 8.98%

RYTRX

• 1D: 0.81%
• 1M: 3.45%
• YTD: 9.17%
• 6M: 7.45%
• 1Y: 19.38%
• 3Y*: 12.18%
• 5Y*: 7.33%
• 10Y*: 9.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RYVFX vs. RYTRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYVFX Royce Small-Cap Value Fund	18.29%	6.77%	3.20%	26.40%	-10.18%	28.15%	-6.47%	18.26%	-7.37%	4.93%
RYTRX Royce Total Return Fund	9.17%	2.57%	9.96%	24.39%	-13.59%	25.58%	3.84%	23.53%	-12.68%	13.27%

Correlation

The correlation between RYVFX and RYTRX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 2, 2002	0.93

The correlation between RYVFX and RYTRX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

Return for Risk

RYVFX vs. RYTRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RYVFX

RYVFX Risk / Return Rank: 65
RYVFX Sharpe Ratio Rank: 63
RYVFX Sortino Ratio Rank: 65
RYVFX Omega Ratio Rank: 54
RYVFX Calmar Ratio Rank: 88
RYVFX Martin Ratio Rank: 57

RYTRX

RYTRX Risk / Return Rank: 18
RYTRX Sharpe Ratio Rank: 18
RYTRX Sortino Ratio Rank: 21
RYTRX Omega Ratio Rank: 18
RYTRX Calmar Ratio Rank: 18
RYTRX Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RYVFX vs. RYTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Royce Small-Cap Value Fund (RYVFX) and Royce Total Return Fund (RYTRX). 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.

	RYVFX	RYTRX	Difference
Sharpe ratio: Return per unit of total volatility	2.13	1.14	+0.99
Sortino ratio: Return per unit of downside risk	3.06	1.77	+1.29
Omega ratio: Gain probability vs. loss probability	1.37	1.21	+0.16
Calmar ratio: Return relative to maximum drawdown	4.05	1.43	+2.62
Martin ratio: Return relative to average drawdown	10.69	4.00	+6.70

RYVFX vs. RYTRX - Sharpe Ratio Comparison

The current RYVFX Sharpe Ratio is 2.13, which is higher than the RYTRX Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of RYVFX and RYTRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RYVFX vs. RYTRX - Drawdown Comparison

The maximum RYVFX drawdown since its inception was -57.72%, which is greater than RYTRX's maximum drawdown of -54.24%. Use the drawdown chart below to compare losses from any high point for RYVFX and RYTRX.

Drawdown Indicators

	RYVFX	RYTRX	Difference
Max Drawdown Largest peak-to-trough decline	-57.72%	-54.24%	-3.48%
Max Drawdown (1Y) Largest decline over 1 year	-9.17%	-13.33%	+4.16%
Max Drawdown (3Y) Largest decline over 3 years	-28.20%	-23.68%	-4.52%
Max Drawdown (5Y) Largest decline over 5 years	-28.20%	-24.31%	-3.89%
Max Drawdown (10Y) Largest decline over 10 years	-48.56%	-40.82%	-7.74%
Current Drawdown Current decline from peak	-1.79%	-0.93%	-0.86%
Average Drawdown Average peak-to-trough decline	-9.78%	-6.28%	-3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	4.77%	-1.30%

Volatility

RYVFX vs. RYTRX - Volatility Comparison

Royce Small-Cap Value Fund (RYVFX) and Royce Total Return Fund (RYTRX) have volatilities of 3.89% and 3.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYVFX	RYTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	3.80%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	11.04%	11.13%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	17.43%	16.75%	+0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.43%	20.27%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.48%	21.17%	+1.31%

RYVFX vs. RYTRX - Expense Ratio Comparison

RYVFX has a 1.49% expense ratio, which is higher than RYTRX's 1.25% expense ratio.

Dividends

RYVFX vs. RYTRX - Dividend Comparison

RYVFX's dividend yield for the trailing twelve months is around 8.60%, less than RYTRX's 11.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYTRX Royce Total Return Fund	11.85%	12.72%	7.73%	9.77%	15.94%	32.86%	20.91%	9.54%	23.54%	13.86%	9.56%	14.86%
RYVFX Royce Small-Cap Value Fund	8.60%	10.17%	6.03%	8.20%	6.02%	5.77%	3.92%	3.19%	13.14%	3.45%	5.59%	19.64%

Frequently Asked Questions

Can I hold both RYVFX and RYTRX in my portfolio?

RYVFX and RYTRX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYVFX or RYTRX?

RYVFX has higher volatility (3.89%) compared to RYTRX (3.80%). In terms of maximum drawdown, RYVFX dropped -57.72% vs RYTRX's -54.24%.

Which has better risk-adjusted returns?

RYVFX currently has the higher Sharpe Ratio (2.13 vs 1.14), 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.