RYVPX vs. FECGX

Last updated Apr 1, 2026

Compare and contrast key facts about Royce Smaller-Companies Growth Fund (RYVPX) and Fidelity Small Cap Growth Index Fund (FECGX).

RYVPX is managed by Royce Investment Partners. It was launched on Jun 14, 2001. FECGX is managed by Fidelity. It was launched on Jul 11, 2019.

Performance

RYVPX vs. FECGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Royce Smaller-Companies Growth Fund (RYVPX) and Fidelity Small Cap Growth Index Fund (FECGX). The values are adjusted to include any dividend payments, if applicable.

RYVPX vs. FECGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
RYVPX Royce Smaller-Companies Growth Fund	-8.47%	19.53%	21.81%	16.97%	-32.45%	6.61%	49.45%	1.15%
FECGX Fidelity Small Cap Growth Index Fund	-6.77%	13.04%	15.26%	18.90%	-26.17%	2.83%	34.41%	7.11%

Returns By Period

In the year-to-date period, RYVPX achieves a -8.47% return, which is significantly lower than FECGX's -6.77% return.

RYVPX

• 1D: -1.79%
• 1M: -9.63%
• YTD: -8.47%
• 6M: -2.53%
• 1Y: 17.93%
• 3Y*: 12.50%
• 5Y*: -0.02%
• 10Y*: 9.49%

FECGX

• 1D: -2.02%
• 1M: -10.15%
• YTD: -6.77%
• 6M: -5.65%
• 1Y: 18.56%
• 3Y*: 10.79%
• 5Y*: 0.89%
• 10Y*: —

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

RYVPX vs. FECGX - Expense Ratio Comparison

RYVPX has a 1.49% expense ratio, which is higher than FECGX's 0.05% expense ratio.

RYVPX

Royce Smaller-Companies Growth Fund

FECGX

Fidelity Small Cap Growth Index Fund

Return for Risk

RYVPX vs. FECGX — Risk / Return Rank

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

RYVPX

RYVPX Risk / Return Rank: 40
RYVPX Sharpe Ratio Rank: 40
RYVPX Sortino Ratio Rank: 44
RYVPX Omega Ratio Rank: 34
RYVPX Calmar Ratio Rank: 46
RYVPX Martin Ratio Rank: 38

FECGX

FECGX Risk / Return Rank: 33
FECGX Sharpe Ratio Rank: 32
FECGX Sortino Ratio Rank: 35
FECGX Omega Ratio Rank: 28
FECGX Calmar Ratio Rank: 40
FECGX Martin Ratio Rank: 33

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.

RYVPX vs. FECGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Royce Smaller-Companies Growth Fund (RYVPX) and Fidelity Small Cap Growth Index Fund (FECGX). 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.

	RYVPX	FECGX	Difference
Sharpe ratio Return per unit of total volatility	0.84	0.71	+0.14
Sortino ratio Return per unit of downside risk	1.32	1.15	+0.17
Omega ratio Gain probability vs. loss probability	1.17	1.14	+0.02
Calmar ratio Return relative to maximum drawdown	1.16	1.02	+0.14
Martin ratio Return relative to average drawdown	3.95	3.51	+0.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYVPX vs. FECGX - Sharpe Ratio Comparison

The current RYVPX Sharpe Ratio is 0.84, which is comparable to the FECGX Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of RYVPX and FECGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RYVPX	FECGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	0.71	+0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	0.04	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.26	+0.18

Correlation

The correlation between RYVPX and FECGX is 0.95, 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

RYVPX vs. FECGX - Dividend Comparison

RYVPX's dividend yield for the trailing twelve months is around 18.34%, more than FECGX's 0.58% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYVPX Royce Smaller-Companies Growth Fund	18.34%	16.79%	2.92%	0.00%	4.34%	34.97%	10.32%	3.47%	45.66%	20.89%	11.40%	24.57%
FECGX Fidelity Small Cap Growth Index Fund	0.58%	0.54%	1.25%	0.81%	0.80%	3.43%	1.00%	0.29%	0.00%	0.00%	0.00%	0.00%

Drawdowns

RYVPX vs. FECGX - Drawdown Comparison

The maximum RYVPX drawdown since its inception was -59.03%, which is greater than FECGX's maximum drawdown of -41.85%. Use the drawdown chart below to compare losses from any high point for RYVPX and FECGX.

Drawdown Indicators

	RYVPX	FECGX	Difference
Max Drawdown Largest peak-to-trough decline	-59.03%	-41.85%	-17.18%
Max Drawdown (1Y) Largest decline over 1 year	-15.22%	-14.81%	-0.41%
Max Drawdown (5Y) Largest decline over 5 years	-48.19%	-40.34%	-7.85%
Max Drawdown (10Y) Largest decline over 10 years	-48.19%	—	—
Current Drawdown Current decline from peak	-15.22%	-14.81%	-0.41%
Average Drawdown Average peak-to-trough decline	-13.24%	-16.11%	+2.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.45%	4.30%	+0.15%

Volatility

RYVPX vs. FECGX - Volatility Comparison

Royce Smaller-Companies Growth Fund (RYVPX) and Fidelity Small Cap Growth Index Fund (FECGX) have volatilities of 7.28% and 7.58%, 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

	RYVPX	FECGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.28%	7.58%	-0.30%
Volatility (6M) Calculated over the trailing 6-month period	15.40%	16.01%	-0.61%
Volatility (1Y) Calculated over the trailing 1-year period	23.86%	25.07%	-1.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.28%	24.46%	+1.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.84%	27.27%	-2.43%