TMCIX vs. RIPIX
TMCIX (RBC SMID Cap Growth Fund) and RIPIX (Royce International Premier Fund Institutional Class) are both Mid Cap Growth Equities funds. Over the past 5 years, TMCIX returned 3.86%/yr vs -4.60%/yr for RIPIX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. TMCIX charges 0.82%/yr vs 1.04%/yr for RIPIX.
Performance
TMCIX vs. RIPIX - Performance Comparison
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Returns By Period
In the year-to-date period, TMCIX achieves a 8.16% return, which is significantly higher than RIPIX's 1.12% return.
TMCIX
- 1D
- 0.63%
- 1M
- 1.07%
- 6M
- 5.04%
- YTD
- 8.16%
- 1Y
- 12.98%
- 3Y*
- 5.19%
- 5Y*
- 3.86%
- 10Y*
- 9.84%
- ALL TIME*
- 5.95%
RIPIX
- 1D
- -0.78%
- 1M
- -0.94%
- 6M
- 0.48%
- YTD
- 1.12%
- 1Y
- -3.41%
- 3Y*
- 2.13%
- 5Y*
- -4.60%
- 10Y*
- —
- ALL TIME*
- 2.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TMCIX vs. RIPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TMCIX RBC SMID Cap Growth Fund | 8.16% | -0.79% | 6.78% | 17.32% | -16.59% | 23.50% | 20.52% | 33.98% | -11.35% |
RIPIX Royce International Premier Fund Institutional Class | 1.12% | 9.89% | -7.04% | 8.14% | -26.99% | 6.22% | 16.11% | 34.69% | -12.52% |
Correlation
The correlation between TMCIX and RIPIX is 0.53, 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. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (All Time) Calculated using the full available price history since May 18, 2018 | 0.63 |
The correlation between TMCIX and RIPIX has been stable across timeframes, ranging from 0.53 to 0.63 - a consistent structural relationship.
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Return for Risk
TMCIX vs. RIPIX — Risk / Return Rank
TMCIX
RIPIX
TMCIX vs. RIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC SMID Cap Growth Fund (TMCIX) and Royce International Premier Fund Institutional Class (RIPIX). 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.
| TMCIX | RIPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.97 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | -0.22 | +1.13 |
| Martin ratioReturn relative to average drawdown | 2.51 | -0.54 | +3.05 |
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Drawdowns
TMCIX vs. RIPIX - Drawdown Comparison
The maximum TMCIX drawdown since its inception was -57.70%, which is greater than RIPIX's maximum drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for TMCIX and RIPIX.
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Drawdown Indicators
| TMCIX | RIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.70% | -41.89% | -15.81% |
Max Drawdown (1Y)Largest decline over 1 year | -13.76% | -15.33% | +1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -25.64% | -17.28% | -8.36% |
Max Drawdown (5Y)Largest decline over 5 years | -25.64% | -41.89% | +16.25% |
Max Drawdown (10Y)Largest decline over 10 years | -37.34% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -25.47% | +25.47% |
Average DrawdownAverage peak-to-trough decline | -16.50% | -18.16% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.96% | 6.22% | -1.26% |
Volatility
TMCIX vs. RIPIX - Volatility Comparison
The current volatility for RBC SMID Cap Growth Fund (TMCIX) is 3.70%, while Royce International Premier Fund Institutional Class (RIPIX) has a volatility of 4.63%. This indicates that TMCIX experiences smaller price fluctuations and is considered to be less risky than RIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMCIX | RIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 4.63% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 11.83% | 11.55% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.69% | 13.79% | +2.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.20% | 15.54% | +4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.73% | 16.12% | +4.61% |
TMCIX vs. RIPIX - Expense Ratio Comparison
TMCIX has a 0.82% expense ratio, which is lower than RIPIX's 1.04% expense ratio.
Dividends
TMCIX vs. RIPIX - Dividend Comparison
TMCIX's dividend yield for the trailing twelve months is around 7.19%, more than RIPIX's 1.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RIPIX Royce International Premier Fund Institutional Class | 1.44% | 1.46% | 5.66% | 3.09% | 3.87% | 5.02% | 0.36% | 0.58% | 0.54% | 0.00% | 0.00% | 0.00% |
TMCIX RBC SMID Cap Growth Fund | 7.19% | 7.78% | 1.32% | 2.04% | 7.82% | 24.68% | 2.63% | 7.32% | 9.26% | 22.57% | 7.25% | 11.05% |
Frequently Asked Questions
TMCIX and RIPIX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIPIX has higher volatility (4.63%) compared to TMCIX (3.70%). In terms of maximum drawdown, TMCIX dropped -57.70% vs RIPIX's -41.89%.
TMCIX currently has the higher Sharpe Ratio (0.75 vs -0.24), 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.
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