Wholly shit Cabin111. Check this out. I went back and compared SPY to RVT. I started with SPY, since from what I can tell SPY goes back only to 1993, RVT much further. So on 1/29/93 SPY had an adjusted close of 25.55. As of Friday it closed at 411.34. Had you held one share during that period you would have received 81.85 of dividends. You would have turned $25.55 into $493.19. (493.19 - 25.55)/25.55 is an 1830% ROI over that period (very generally, ignores things like when you got the dividend and you would have reinvested it, etc.). I was like WOW, that is incredible, no way these Royce funds can touch that!!! But then I did that same math with RVT over that same period. It went from an adjusted price of 1.035 to 15.27, and you would have received 34.01 of dividends over that period holding 1 share. You know what that same ROI calculation turns out to be? 4662%!?!?!?!!! Freaking AMAZING!!!! Do you those numbers make sense to you? Is so I'm going ALL IN on RVT in the future!!! (And I need to check out RGT as well, 27.92% divvy LULZ!!!!) Thanks so much!!!!
By the way Cabin111, I just ran similar calculations on RGT from its inception (back in 2013) versus SPY, unfortunately SPY trounces it pretty good, like 211% ROI to 113% ROI. But those RVT numbers... WOW...
These are usually not high flyers...Under the radar types. They usually have low betas. A low beta value typically means that the stock is considered less risky, but will likely offer low returns as well. The higher the beta value, the more risk you take as an investor, but the higher your chances are of a big return as well. RVT does real well in the middle of a recession... It really needs to be compared to the Russell 2000, because of it's size. https://www.royceinvest.com/funds/royce-value-trust/xrvtx.aspx
simply contact @DeusXMac. He is very good at recommending such stocks. But I think you have to top up your trading account if you follow his recommendations.
So Cabin111, when I go back and compare RVT to Russell 2000 since its inception (or at least as for back as I can see with yahoo finance), RVT destroys it even worse. Like a 943% return for Russell 2000 versus an 8370% return for RVT. But that cannot be right. There has to be something going on where my calculations are off, possibly because of how yahoo finance does its numbers. I need to start a new thread on that.
The first few years (1980s-1990's) it was killing it. But you really need to just use the 20 year average...Like the link I presented above. Look all the way through on those 20 years. Mr. Royce is pretty much out of the business (figurehead). You were starting at a $1. per share in the beginning (RVT). A lot has changed since the start... It's like comparing Tesla or Netflix in the beginning versus the last 2 years with QQQ or S & P 500...Apples and oranges.
Thanks Cabin, I follow you. I looked at the link, very nice. But there is something fundamentally flawed with my yahoo finance calculations as my calculations show RVT crushing Russell 2000 not but just a little or a good bit, but absolutely crushing it, like several times over, I think its the way it does dividends, need to figure it out.