SQLV vs. PENNX
Compare and contrast key facts about Royce Quant Small-Cap Quality Value ETF (SQLV) and Royce Pennsylvania Mutual Fund (PENNX).
SQLV is an actively managed fund by Franklin Templeton. It was launched on Jul 12, 2017. PENNX is managed by Royce Investment Partners. It was launched on Oct 31, 1972.
Performance
SQLV vs. PENNX - Performance Comparison
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SQLV vs. PENNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SQLV Royce Quant Small-Cap Quality Value ETF | 2.33% | 2.50% | 4.76% | 21.21% | -12.86% | 37.14% | 7.13% | 17.41% | -10.55% | 8.51% |
PENNX Royce Pennsylvania Mutual Fund | 0.87% | 9.02% | 7.02% | 26.82% | -17.18% | 21.49% | 14.11% | 26.61% | -9.94% | 9.72% |
Returns By Period
In the year-to-date period, SQLV achieves a 2.33% return, which is significantly higher than PENNX's 0.87% return.
SQLV
- 1D
- 1.41%
- 1M
- -3.07%
- YTD
- 2.33%
- 6M
- 3.74%
- 1Y
- 17.85%
- 3Y*
- 8.87%
- 5Y*
- 5.25%
- 10Y*
- —
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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SQLV vs. PENNX - Expense Ratio Comparison
SQLV has a 0.60% expense ratio, which is lower than PENNX's 0.92% expense ratio.
Return for Risk
SQLV vs. PENNX — Risk / Return Rank
SQLV
PENNX
SQLV vs. PENNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Quant Small-Cap Quality Value ETF (SQLV) 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.
| SQLV | PENNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 0.94 | -0.13 |
Sortino ratioReturn per unit of downside risk | 1.29 | 1.46 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.19 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.33 | +0.04 |
Martin ratioReturn relative to average drawdown | 4.69 | 5.24 | -0.56 |
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
| SQLV | PENNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 0.94 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.28 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.48 | -0.14 |
Correlation
The correlation between SQLV and PENNX is 0.76, 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
SQLV vs. PENNX - Dividend Comparison
SQLV's dividend yield for the trailing twelve months is around 1.11%, less than PENNX's 6.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SQLV Royce Quant Small-Cap Quality Value ETF | 1.11% | 1.15% | 1.11% | 1.09% | 1.24% | 1.12% | 1.22% | 1.20% | 1.08% | 0.40% | 0.00% | 0.00% |
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
SQLV vs. PENNX - Drawdown Comparison
The maximum SQLV drawdown since its inception was -48.34%, smaller than the maximum PENNX drawdown of -57.00%. Use the drawdown chart below to compare losses from any high point for SQLV and PENNX.
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Drawdown Indicators
| SQLV | PENNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.34% | -57.00% | +8.66% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -13.65% | +0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -26.86% | -27.58% | +0.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.10% | — |
Current DrawdownCurrent decline from peak | -5.16% | -10.21% | +5.05% |
Average DrawdownAverage peak-to-trough decline | -9.10% | -9.43% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 3.47% | +0.32% |
Volatility
SQLV vs. PENNX - Volatility Comparison
The current volatility for Royce Quant Small-Cap Quality Value ETF (SQLV) is 5.25%, while Royce Pennsylvania Mutual Fund (PENNX) has a volatility of 6.36%. This indicates that SQLV 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
| SQLV | PENNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 6.36% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 12.84% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.07% | 22.40% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.04% | 20.67% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.50% | 21.49% | +2.01% |