Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX)

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Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) is down 17.5% since the beginning of the year. RYAIX is currently trading at $98 per share. Investors who bought $1,000 worth of RYAIX shares 5 years ago would now be looking at an investment worth $442.

Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) has returned -17.50% so far this year and -27.23% over the past 12 months. Over the last ten years, RYAIX has returned -19.29% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Jan 4, 1999, RYAIX's average daily return is +0.02%, while the average monthly return is -1.11%.

Historically, 38% of months were positive and 62% were negative. The best month was Feb 2001 with a return of +33.1%, while the worst month was Dec 1999 at -20.7%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 8 months.

On a daily basis, RYAIX closed higher 44% of trading days. The best single day was Mar 2, 2016 with a return of +299.7%, while the worst single day was Mar 1, 2016 at -75.8%.

Rydex Inverse NASDAQ-100 Strategy Fund has an annualized alpha of 15.27%, beta of -1.21, and R2 of 0.07 versus S&P 500 Index. Calculated based on daily prices since January 05, 1999.

• This fund tended to rise when S&P 500 Index fell (downside capture of -177.53%), but participation in market rallies was also limited (-92.05%) - a profile typical of counter-cyclical assets.
• Beta of -1.21 may look defensive, but with R2 of 0.07 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.07 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

RYAIX has a high expense ratio of 1.55%, indicating above-average management fees.

RYAIX ranks 0 for risk / return — in the bottom 0% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) and compare them to S&P 500 Index.

Rydex Inverse NASDAQ-100 Strategy Fund provided a 2.70% dividend yield over the last twelve months, with an annual payout of $2.65 per share.

The table displays the monthly dividend distributions for Rydex Inverse NASDAQ-100 Strategy Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Rydex Inverse NASDAQ-100 Strategy Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Rydex Inverse NASDAQ-100 Strategy Fund was 98.93%, occurring on Jun 2, 2026. The portfolio has not yet recovered.

The current Rydex Inverse NASDAQ-100 Strategy Fund drawdown is 98.93%.

The chart below shows the rolling one-month volatility.