Rydex Inverse Russell 2000 Strategy Fund (RYCQX)
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
US78355E5362
78355E536
Feb 19, 2004
$2,500
Large-Cap
Blend
Expense Ratio
RYCQX has a high expense ratio of 2.49%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Rydex Inverse Russell 2000 Strategy Fund (RYCQX) returned -36.16% year-to-date (YTD) and -40.59% over the past 12 months. Over the past 10 years, RYCQX returned -14.26% annually, underperforming the S&P 500 benchmark at 10.84%.
RYCQX
-36.16%
-4.59%
-30.23%
-40.59%
-18.00%
-19.51%
-14.26%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of RYCQX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -2.09% | -36.44% | 7.29% | 0.86% | -5.21% | -36.16% | |||||||
| 2024 | 4.51% | -5.31% | -2.91% | 7.88% | -4.24% | 1.67% | -8.96% | 1.68% | -0.25% | 1.83% | -9.77% | 9.61% | -6.15% |
| 2023 | -8.62% | 1.93% | 5.05% | 2.25% | 1.28% | -7.24% | -5.32% | 5.98% | 6.66% | 7.55% | -7.89% | -10.42% | -10.73% |
| 2022 | 9.71% | -1.84% | -2.22% | 10.18% | -1.40% | 7.82% | -9.79% | 1.77% | 9.97% | -10.35% | -2.61% | 7.16% | 16.50% |
| 2021 | -5.26% | -6.50% | -2.24% | -2.39% | -0.70% | -2.25% | 3.20% | -2.59% | 2.64% | -4.55% | 3.82% | -2.96% | -18.59% |
| 2020 | 3.29% | 8.80% | 15.84% | -14.71% | -7.47% | -4.93% | -3.31% | -5.55% | 2.68% | -2.69% | -16.23% | -8.39% | -31.59% |
| 2019 | -10.29% | -4.80% | 2.07% | -3.24% | 8.34% | -6.65% | -0.51% | 4.85% | -2.10% | -2.64% | -4.01% | -2.78% | -20.84% |
| 2018 | -2.59% | 3.58% | -1.57% | -0.96% | -5.75% | -0.68% | -1.72% | -4.15% | 2.56% | 12.00% | -1.75% | 12.80% | 10.41% |
| 2017 | -0.63% | -2.01% | -0.28% | -1.31% | 1.89% | -3.44% | -0.87% | 1.12% | -5.95% | -0.87% | -2.93% | 0.32% | -14.20% |
| 2016 | 8.74% | -0.49% | -7.85% | -1.78% | -2.47% | -0.56% | -5.87% | -1.99% | -1.54% | 4.69% | -10.54% | -3.08% | -21.67% |
| 2015 | 2.82% | -5.84% | -2.08% | 2.31% | -2.51% | -1.12% | 0.79% | 6.14% | 4.48% | -5.91% | -3.48% | 4.69% | -0.64% |
| 2014 | 2.39% | -4.95% | 0.26% | 3.47% | -1.23% | -5.37% | 5.95% | -4.98% | 6.04% | -6.87% | -0.41% | -3.28% | -9.63% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RYCQX is 1, meaning it’s performing worse than 99% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Rydex Inverse Russell 2000 Strategy Fund (RYCQX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Rydex Inverse Russell 2000 Strategy Fund provided a 6.71% dividend yield over the last twelve months, with an annual payout of $8.11 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Dividend | $8.11 | $8.11 | $12.87 | $0.00 | $0.00 | $0.24 | $3.50 |
Dividend yield | 6.71% | 4.28% | 5.92% | 0.00% | 0.00% | 0.08% | 0.85% |
Monthly Dividends
The table displays the monthly dividend distributions for Rydex Inverse Russell 2000 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $8.11 | $8.11 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $12.87 | $12.87 |
| 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 | $0.24 | $0.24 |
| 2019 | $3.50 | $3.50 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Rydex Inverse Russell 2000 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 Russell 2000 Strategy Fund was 96.84%, occurring on Feb 24, 2025. The portfolio has not yet recovered.
The current Rydex Inverse Russell 2000 Strategy Fund drawdown is 96.73%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -96.84% | Mar 10, 2009 | 4014 | Feb 24, 2025 | — | — | — |
| -32.06% | Aug 13, 2004 | 584 | Dec 5, 2006 | 313 | Mar 6, 2008 | 897 |
| -27.99% | Nov 21, 2008 | 30 | Jan 6, 2009 | 40 | Mar 5, 2009 | 70 |
| -18.87% | Mar 11, 2008 | 135 | Sep 19, 2008 | 11 | Oct 6, 2008 | 146 |
| -18.78% | Oct 28, 2008 | 6 | Nov 4, 2008 | 11 | Nov 19, 2008 | 17 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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