SQLV vs. RYTRX

Last updated Jun 4, 2026

SQLV (Royce Quant Small-Cap Quality Value ETF) and RYTRX (Royce Total Return Fund) are both Small Cap Value Equities funds. Over the past 5 years, SQLV returned 6.01%/yr vs 5.45%/yr for RYTRX. A 0.76 correlation means they provide meaningful diversification when combined. SQLV charges 0.60%/yr vs 1.25%/yr for RYTRX.

Performance

SQLV vs. RYTRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Royce Quant Small-Cap Quality Value ETF (SQLV) 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, SQLV achieves a 12.76% return, which is significantly higher than RYTRX's 6.11% return.

SQLV

• 1D: -1.66%
• 1M: 1.74%
• YTD: 12.76%
• 6M: 12.70%
• 1Y: 25.91%
• 3Y*: 12.10%
• 5Y*: 6.01%
• 10Y*: —

RYTRX

• 1D: 0.14%
• 1M: 0.97%
• YTD: 6.11%
• 6M: 7.04%
• 1Y: 15.30%
• 3Y*: 12.65%
• 5Y*: 5.45%
• 10Y*: 9.03%

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

SQLV vs. RYTRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SQLV Royce Quant Small-Cap Quality Value ETF	12.76%	2.50%	4.76%	21.21%	-12.86%	37.14%	7.13%	17.41%	-10.55%	8.51%
RYTRX Royce Total Return Fund	6.11%	2.57%	9.96%	24.39%	-13.59%	25.58%	3.84%	23.53%	-12.68%	9.42%

Correlation

The correlation between SQLV and RYTRX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jul 14, 2017	0.76

The correlation between SQLV and RYTRX shifts across timeframes, from 0.76 (all time) to 0.92 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

SQLV vs. RYTRX — Risk / Return Rank

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

SQLV

SQLV Risk / Return Rank: 47
SQLV Sharpe Ratio Rank: 42
SQLV Sortino Ratio Rank: 43
SQLV Omega Ratio Rank: 39
SQLV Calmar Ratio Rank: 60
SQLV Martin Ratio Rank: 52

RYTRX

RYTRX Risk / Return Rank: 14
RYTRX Sharpe Ratio Rank: 14
RYTRX Sortino Ratio Rank: 15
RYTRX Omega Ratio Rank: 13
RYTRX Calmar Ratio Rank: 14
RYTRX Martin Ratio Rank: 12

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.

SQLV vs. RYTRX - 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 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.

	SQLV	RYTRX	Difference
Sharpe ratio: Return per unit of total volatility	1.48	1.02	+0.46
Sortino ratio: Return per unit of downside risk	2.18	1.60	+0.58
Omega ratio: Gain probability vs. loss probability	1.25	1.19	+0.07
Calmar ratio: Return relative to maximum drawdown	2.94	1.29	+1.65
Martin ratio: Return relative to average drawdown	8.77	3.60	+5.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SQLV vs. RYTRX - Sharpe Ratio Comparison

The current SQLV Sharpe Ratio is 1.48, which is higher than the RYTRX Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of SQLV 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.

Sharpe Ratios by Period

	SQLV	RYTRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	1.02	+0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.27	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.53	-0.14

Drawdowns

SQLV vs. RYTRX - Drawdown Comparison

The maximum SQLV drawdown since its inception was -48.34%, smaller than the maximum RYTRX drawdown of -54.24%. Use the drawdown chart below to compare losses from any high point for SQLV and RYTRX.

Drawdown Indicators

	SQLV	RYTRX	Difference
Max Drawdown Largest peak-to-trough decline	-48.34%	-54.24%	+5.90%
Max Drawdown (1Y) Largest decline over 1 year	-8.84%	-13.33%	+4.49%
Max Drawdown (3Y) Largest decline over 3 years	-26.86%	-23.68%	-3.18%
Max Drawdown (5Y) Largest decline over 5 years	-26.86%	-24.31%	-2.55%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.82%	—
Current Drawdown Current decline from peak	-1.66%	-3.41%	+1.75%
Average Drawdown Average peak-to-trough decline	-8.95%	-6.29%	-2.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	4.76%	-1.80%

Volatility

SQLV vs. RYTRX - Volatility Comparison

Royce Quant Small-Cap Quality Value ETF (SQLV) and Royce Total Return Fund (RYTRX) have volatilities of 4.30% and 4.11%, 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

	SQLV	RYTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.30%	4.11%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	11.36%	11.05%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	17.70%	16.85%	+0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.99%	20.30%	+0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.36%	21.17%	+2.19%

SQLV vs. RYTRX - Expense Ratio Comparison

SQLV has a 0.60% expense ratio, which is lower than RYTRX's 1.25% expense ratio.

Dividends

SQLV vs. RYTRX - Dividend Comparison

SQLV's dividend yield for the trailing twelve months is around 1.01%, less than RYTRX's 12.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYTRX Royce Total Return Fund	12.23%	12.72%	7.73%	9.77%	15.94%	32.86%	20.91%	9.54%	23.54%	13.86%	9.56%	14.86%
SQLV Royce Quant Small-Cap Quality Value ETF	1.01%	1.15%	1.11%	1.09%	1.24%	1.12%	1.22%	1.20%	1.08%	0.40%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SQLV and RYTRX in my portfolio?

With a correlation of 0.91, SQLV and RYTRX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SQLV or RYTRX?

SQLV has higher volatility (4.30%) compared to RYTRX (4.11%). In terms of maximum drawdown, SQLV dropped -48.34% vs RYTRX's -54.24%.

Which has better risk-adjusted returns?

SQLV currently has the higher Sharpe Ratio (1.48 vs 1.02), 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.