Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX)
The investment seeks to provide investment results that match, before fees and expenses, the inverse (opposite) of the performance of the NASDAQ-100 Index® on a daily basis. The fund employs as its investment strategy a program of engaging in short sales of securities included in the underlying index and investing to a significant extent in derivative instruments. It will invest at least 80% of its net assets, plus any borrowings for investment purposes, in financial instruments with economic characteristics that should perform opposite to the securities of companies included in the underlying index. The fund is non-diversified.
Fund Info
| ISIN | US7835545127 |
|---|---|
| CUSIP | 783554512 |
| Issuer | Rydex Funds |
| Inception Date | Sep 2, 1998 |
| Category | Inverse Equities, Leveraged |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
RYAIX has a high expense ratio of 1.55%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Rydex Inverse NASDAQ-100 Strategy Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Rydex Inverse NASDAQ-100 Strategy Fund had a return of -15.73% year-to-date (YTD) and -19.97% in the last 12 months. Over the past 10 years, Rydex Inverse NASDAQ-100 Strategy Fund had an annualized return of -17.53%, while the S&P 500 had an annualized return of 11.31%, indicating that Rydex Inverse NASDAQ-100 Strategy Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -15.73% | 24.72% |
| 1 month | -3.12% | 2.30% |
| 6 months | -9.14% | 12.31% |
| 1 year | -19.97% | 32.12% |
| 5 years (annualized) | -19.91% | 13.81% |
| 10 years (annualized) | -17.53% | 11.31% |
Monthly Returns
The table below presents the monthly returns of RYAIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.22% | -4.66% | -0.59% | 5.09% | -5.29% | -5.35% | 2.01% | -0.92% | -2.11% | 1.33% | -15.73% | ||
| 2023 | -9.44% | 0.44% | -8.35% | 0.00% | -6.76% | -5.63% | -3.11% | 2.09% | 5.93% | 2.54% | -9.17% | -4.60% | -31.71% |
| 2022 | 8.35% | 3.85% | -5.11% | 14.27% | 0.08% | 8.57% | -11.60% | 5.12% | 11.37% | -4.37% | -5.92% | 10.11% | 35.92% |
| 2021 | -0.74% | -0.37% | -2.31% | -5.88% | 0.81% | -6.20% | -2.92% | -4.20% | 5.77% | -7.64% | -2.13% | -1.74% | -24.88% |
| 2020 | -2.81% | 5.80% | 0.87% | -14.46% | -6.18% | -6.51% | -7.38% | -10.33% | 4.82% | 2.47% | -10.47% | -5.03% | -40.98% |
| 2019 | -8.63% | -2.67% | -3.76% | -4.95% | 9.02% | -7.14% | -2.11% | 1.86% | -0.74% | -4.15% | -3.82% | -3.71% | -27.65% |
| 2018 | -7.99% | 0.61% | 3.72% | -0.63% | -5.30% | -0.99% | -2.66% | -5.49% | 0.43% | 8.68% | -0.25% | 8.69% | -2.63% |
| 2017 | -4.96% | -4.11% | -1.97% | -2.64% | -3.70% | 2.40% | -3.93% | -2.05% | 0.20% | -4.34% | -1.96% | -0.42% | -24.47% |
| 2016 | 6.47% | 1.14% | -6.63% | 3.15% | -4.38% | 1.89% | -6.77% | -1.06% | -2.37% | 1.51% | -0.62% | -1.20% | -9.31% |
| 2015 | 1.95% | -6.89% | 2.13% | -2.05% | -2.48% | 2.42% | -4.50% | 6.62% | 1.56% | -10.38% | -0.84% | 1.10% | -11.88% |
| 2014 | 1.79% | -5.17% | 2.48% | -0.15% | -4.48% | -3.07% | -1.44% | -4.94% | 0.49% | -3.19% | -4.45% | 2.10% | -18.68% |
| 2013 | -2.78% | -0.44% | -3.09% | -2.73% | -3.28% | 2.18% | -6.16% | -0.00% | -4.80% | -5.04% | -3.63% | -3.04% | -28.53% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RYAIX is 0, indicating that it is in the bottom 0% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Rydex Inverse NASDAQ-100 Strategy Fund provided a 5.70% dividend yield over the last twelve months, with an annual payout of $0.87 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.87 | $0.87 | $0.00 | $0.00 | $0.03 | $0.33 |
Dividend yield | 5.70% | 4.80% | 0.00% | 0.00% | 0.09% | 0.72% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.87 | $0.87 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 2019 | $0.33 | $0.33 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
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 98.44%, occurring on Dec 24, 1999. Recovery took 79 trading sessions.
The current Rydex Inverse NASDAQ-100 Strategy Fund drawdown is 98.16%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -98.44% | Oct 9, 1998 | 316 | Dec 24, 1999 | 79 | Apr 17, 2000 | 395 |
| -98.18% | Oct 8, 2002 | 5555 | Nov 7, 2024 | — | — | — |
| -37.1% | Sep 24, 2001 | 52 | Dec 5, 2001 | 142 | Jul 1, 2002 | 194 |
| -36.55% | Apr 5, 2001 | 32 | May 21, 2001 | 78 | Sep 18, 2001 | 110 |
| -28.81% | May 24, 2000 | 70 | Sep 1, 2000 | 55 | Nov 20, 2000 | 125 |
Volatility
Volatility Chart
The current Rydex Inverse NASDAQ-100 Strategy Fund volatility is 4.94%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.