Royce Total Correlations

Mutual Funds . USA . 
Fund . Royce Total Return
RYTCX Fund  USD 7.93  0.01  0.13%   
The current 90-days correlation between Royce Total Return and Royce Opportunity Fund is 0.92 (i.e., Almost no diversification). The correlation of Royce Total is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Royce Total Correlation With Market

Good diversification

The correlation between Royce Total Return and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Royce Total Return and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Royce Total Return. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Royce Mutual Fund

  0.98ROFCX Royce OpportunityPairCorr
  0.96ROFIX Royce OpportunityPairCorr
  0.99RPRCX Royce PremierPairCorr
  0.96RSEIX Royce Special EquityPairCorr
  0.99RSQCX Royce Special EquityPairCorr
  0.98RYMCX Royce Micro CapPairCorr
  0.99RYPCX Royce Pennsylvania MutualPairCorr
  0.96VSIIX Vanguard Small CapPairCorr
  0.96VISVX Vanguard Small CapPairCorr
  0.96DFSVX Us Small CapPairCorr
  0.96DFFVX Us Targeted ValuePairCorr
  0.95UBVCX Undiscovered ManagersPairCorr
  0.99UBVAX Undiscovered ManagersPairCorr
  0.99UBVSX Undiscovered ManagersPairCorr
  0.99AVFIX American Beacon SmallPairCorr
  0.97VTSAX Vanguard Total StockPairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  0.97VTSMX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.96VITSX Vanguard Total StockPairCorr
  0.96VFINX Vanguard 500 IndexPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.95VGTSX Vanguard Total InterPairCorr
  0.95VTIAX Vanguard Total InterPairCorr
  0.97FBKFX Fidelity BalancedPairCorr
  0.95DOPIX Dreyfus OpportunisticPairCorr
  0.94LTTKX Mfs Lifetime 2025PairCorr
  0.96MAANX Mutual Of AmericaPairCorr
  0.97FLMFX Muirfield Fund RetailPairCorr
  0.94SMGAX Saat Servative StrategyPairCorr
  0.97GSPQX Goldman Sachs EquityPairCorr
  0.94RIV Rivernorth OpportunitiesPairCorr
  0.79PCIMX California IntermediatePairCorr
  0.95LEKKX Blackrock Lifepath EsgPairCorr
  0.93SMHYX Aim Counselor SeriesPairCorr
  0.68PINFX Invesco Multi AssetPairCorr
  0.77PRVDX Versatile Bond PortfolioPairCorr
  0.82PARTX Putman Absolute ReturnPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Royce Mutual Fund performing well and Royce Total Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Royce Total's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ROFCX  1.05  0.36  0.17 (2.05) 0.81 
(1.29)
 2.71 
(1.69)
 7.01 
ROFIX  1.05  0.19  0.18  0.30  0.79 
(1.30)
 2.70 
(1.69)
 7.08 
ROFRX  1.05  0.36  0.17 (2.22) 0.78 
(1.29)
 2.69 
(1.64)
 7.02 
RPFIX  0.93  0.25  0.09 (2.74) 0.80 
(1.08)
 2.36 
(1.68)
 6.73 
RPRCX  0.92  0.24  0.08 (2.70) 0.84 
(1.05)
 2.35 
(1.69)
 6.60 
RSEIX  0.86  0.06  0.05  0.21  0.75 
(1.00)
 2.41 
(1.72)
 4.95 
RSQCX  0.87  0.20  0.04 (0.89) 0.77 
(1.02)
 2.40 
(1.65)
 4.95 
RTRRX  0.93  0.24  0.07 (0.92) 0.85 
(1.09)
 2.42 
(2.02)
 6.83 
RVPIX  0.87  0.29  0.14 (2.97) 0.74 
(1.06)
 2.26 
(1.50)
 4.98 
RYMCX  1.03  0.38  0.19 (2.47) 0.71 
(1.23)
 2.74 
(1.81)
 5.91 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY