RYVPX vs. RYDVX

Last updated Aug 1, 2026

RYVPX (Royce Smaller-Companies Growth Fund) and RYDVX (Royce Dividend Value Fund) are both mutual funds - RYVPX is a Small Cap Growth Equities fund managed by Royce Investment Partners, while RYDVX is a Mid Cap Blend Equities fund managed by Royce Investment Partners. Over the past 10 years, RYVPX returned 11.95%/yr vs 11.46%/yr for RYDVX. Their correlation of 0.85 means they have usually moved in the same direction. RYVPX charges 1.49%/yr vs 1.34%/yr for RYDVX.

Performance

RYVPX vs. RYDVX - Performance Comparison

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

Returns By Period

In the year-to-date period, RYVPX achieves a 18.61% return, which is significantly lower than RYDVX's 19.75% return. Both investments have delivered pretty close results over the past 10 years, with RYVPX having a 11.95% annualized return and RYDVX not far behind at 11.46%.

RYVPX

• 1D: 2.21%
• 1M: -3.75%
• 6M: 16.52%
• YTD: 18.61%
• 1Y: 33.19%
• 3Y*: 18.93%
• 5Y*: 5.18%
• 10Y*: 11.95%
• ALL TIME*: 11.13%

RYDVX

• 1D: -0.38%
• 1M: 3.54%
• 6M: 11.63%
• YTD: 19.75%
• 1Y: 32.11%
• 3Y*: 18.49%
• 5Y*: 11.07%
• 10Y*: 11.46%
• ALL TIME*: 9.37%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RYDVX Royce Dividend Value Fund	$0.00	$0.00	$0.00
RYVPX Royce Smaller-Companies Growth Fund	$0.00	$0.00	$0.00

RYVPX vs. RYDVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYVPX Royce Smaller-Companies Growth Fund	18.61%	19.53%	21.81%	16.97%	-32.45%	6.61%	49.45%	23.68%	-10.81%	17.71%
RYDVX Royce Dividend Value Fund	19.75%	9.44%	19.41%	23.29%	-13.63%	20.00%	4.45%	30.00%	-16.33%	21.39%

Correlation

The correlation between RYVPX and RYDVX is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (3Y) Balances recent behavior with more history.	0.76
Correlation (5Y) Shows whether the relationship held over a longer period.	0.79
Correlation (10Y) Provides a long-term view across more market conditions.	0.78
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005	0.85

The correlation between RYVPX and RYDVX shifts across timeframes, from 0.67 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RYVPX vs. RYDVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RYVPX

RYVPX Risk / Return Rank: 53
RYVPX Sharpe Ratio Rank: 57
RYVPX Sortino Ratio Rank: 57
RYVPX Omega Ratio Rank: 47
RYVPX Calmar Ratio Rank: 58
RYVPX Martin Ratio Rank: 45

RYDVX

RYDVX Risk / Return Rank: 65
RYDVX Sharpe Ratio Rank: 64
RYDVX Sortino Ratio Rank: 74
RYDVX Omega Ratio Rank: 68
RYDVX Calmar Ratio Rank: 71
RYDVX Martin Ratio Rank: 48

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RYVPX vs. RYDVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Royce Smaller-Companies Growth Fund (RYVPX) and Royce Dividend Value Fund (RYDVX). 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.

	RYVPX	RYDVX	Difference
Sharpe ratio: Return per unit of total volatility	1.44	1.54	-0.10
Sortino ratio: Return per unit of downside risk	2.08	2.53	-0.45
Omega ratio: Gain probability vs. loss probability	1.24	1.30	-0.06
Calmar ratio: Return relative to maximum drawdown	2.04	2.31	-0.27
Martin ratio: Return relative to average drawdown	6.53	6.68	-0.15

RYVPX vs. RYDVX - Sharpe Ratio Comparison

The current RYVPX Sharpe Ratio is 1.44, which is comparable to the RYDVX Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of RYVPX and RYDVX, 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

RYVPX vs. RYDVX - Drawdown Comparison

The maximum RYVPX drawdown since its inception was -59.03%, which is greater than RYDVX's maximum drawdown of -53.36%. Use the drawdown chart below to compare losses from any high point for RYVPX and RYDVX.

Drawdown Indicators

	RYVPX	RYDVX	Difference
Max Drawdown Largest peak-to-trough decline	-59.03%	-53.36%	-5.67%
Max Drawdown (1Y) Largest decline over 1 year	-15.22%	-12.32%	-2.90%
Max Drawdown (3Y) Largest decline over 3 years	-25.76%	-21.45%	-4.31%
Max Drawdown (5Y) Largest decline over 5 years	-48.19%	-27.35%	-20.84%
Max Drawdown (10Y) Largest decline over 10 years	-48.19%	-41.49%	-6.70%
Current Drawdown Current decline from peak	-5.71%	-0.75%	-4.96%
Average Drawdown Average peak-to-trough decline	-13.10%	-7.49%	-5.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.75%	4.26%	+0.49%

Volatility

RYVPX vs. RYDVX - Volatility Comparison

Royce Smaller-Companies Growth Fund (RYVPX) has a higher volatility of 6.33% compared to Royce Dividend Value Fund (RYDVX) at 4.57%. This indicates that RYVPX's price experiences larger fluctuations and is considered to be riskier than RYDVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYVPX	RYDVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.33%	4.57%	+1.76%
Volatility (6M) Calculated over the trailing 6-month period	16.62%	11.73%	+4.89%
Volatility (1Y) Calculated over the trailing 1-year period	21.54%	18.50%	+3.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.42%	19.07%	+7.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.00%	19.62%	+5.38%

RYVPX vs. RYDVX - Expense Ratio Comparison

RYVPX has a 1.49% expense ratio, which is higher than RYDVX's 1.34% expense ratio.

Dividends

RYVPX vs. RYDVX - Dividend Comparison

RYVPX's dividend yield for the trailing twelve months is around 14.15%, less than RYDVX's 154.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYDVX Royce Dividend Value Fund	154.32%	185.21%	21.24%	11.80%	0.57%	14.07%	5.55%	15.61%	14.15%	14.26%	10.48%	11.39%
RYVPX Royce Smaller-Companies Growth Fund	14.15%	16.79%	2.92%	0.00%	4.34%	34.97%	10.32%	3.47%	45.66%	20.89%	11.40%	24.57%

Frequently Asked Questions

Can I hold both RYVPX and RYDVX in my portfolio?

RYVPX and RYDVX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYVPX or RYDVX?

RYVPX has higher volatility (6.33%) compared to RYDVX (4.57%). In terms of maximum drawdown, RYVPX dropped -59.03% vs RYDVX's -53.36%.

Which has better risk-adjusted returns?

RYDVX currently has the higher Sharpe Ratio (1.54 vs 1.44), 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.