- ISIN
- US78355Y1029
- CUSIP
- 78355Y102
- Issuer
- Rydex Funds
- Inception Date
- Feb 19, 2004
- Category
- Leveraged Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
RYCYX Performance Chart
Rydex Dow 2x Strategy Fund (RYCYX) is up 12.2% since the beginning of the year. RYCYX is currently trading at $182 per share. Investors who bought $1,000 worth of RYCYX shares 5 years ago would now be looking at an investment worth $1,837.
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Returns By Period
Rydex Dow 2x Strategy Fund (RYCYX) has returned 12.15% so far this year and 41.04% over the past 12 months. Looking at the last ten years, RYCYX has achieved an annualized return of 18.14%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Rydex Dow 2x Strategy Fund
- 1D
- 0.20%
- 1M
- 3.64%
- YTD
- 12.15%
- 6M
- 10.56%
- 1Y
- 41.04%
- 3Y*
- 23.07%
- 5Y*
- 12.93%
- 10Y*
- 18.14%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
RYCYX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2005, RYCYX's average daily return is +0.07%, while the average monthly return is +1.26%. At this rate, an investment would double in approximately 4.6 years.
Historically, 62% of months were positive and 38% were negative. The best month was Oct 2022 with a return of +28.9%, while the worst month was Mar 2020 at -32.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, RYCYX closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +22.6%, while the worst single day was Mar 16, 2020 at -25.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.89% | -0.17% | -10.83% | 14.15% | 5.28% | 1.90% | 12.15% | ||||||
| 2025 | 8.88% | -3.46% | -8.76% | -8.08% | 7.57% | 8.36% | -0.42% | 6.14% | 3.34% | 4.42% | 0.24% | 0.98% | 18.63% |
| 2024 | 1.80% | 4.23% | 3.67% | -10.36% | 4.32% | 1.75% | 8.31% | 2.96% | 3.28% | -3.26% | 15.09% | -10.88% | 19.61% |
| 2023 | 5.13% | -8.41% | 3.25% | 4.49% | -6.98% | 8.62% | 6.24% | -4.76% | -7.45% | -3.33% | 18.16% | 9.21% | 22.59% |
| 2022 | -6.59% | -6.95% | 4.40% | -10.00% | -0.15% | -13.42% | 13.38% | -7.97% | -17.49% | 28.87% | 11.37% | -8.81% | -20.44% |
| 2021 | -4.26% | 6.57% | 13.49% | 5.25% | 4.06% | -0.34% | 2.26% | 2.65% | -8.59% | 11.80% | -7.26% | 10.89% | 39.43% |
Benchmark Metrics
Rydex Dow 2x Strategy Fund has an annualized alpha of -1.52%, beta of 1.82, and R2 of 0.93 versus S&P 500 Index. Calculated based on daily prices since January 03, 2005.
- This fund captured 206.80% of S&P 500 Index gains and 165.56% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- Beta of 1.82 means this fund moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -1.52%
- Beta
- 1.82
- R²
- 0.93
- Upside Capture
- 206.80%
- Downside Capture
- 165.56%
Expense Ratio
RYCYX has a high expense ratio of 2.61%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RYCYX ranks 36 for risk / return — below 36% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Rydex Dow 2x Strategy Fund (RYCYX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RYCYX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 2.78 | -0.66 |
| Martin ratioReturn relative to average drawdown | 7.72 | 12.44 | -4.72 |
Dividends
Dividend History
Rydex Dow 2x Strategy Fund provided a 1.60% dividend yield over the last twelve months, with an annual payout of $2.91 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.91 | $2.91 | $5.75 | $0.58 | $2.52 | $6.07 | $0.00 | $3.61 | $0.00 | $4.58 | $0.35 | $3.05 |
Dividend yield | 1.60% | 1.80% | 4.14% | 0.48% | 2.55% | 4.76% | 0.00% | 3.81% | 0.00% | 5.81% | 0.65% | 7.34% |
Monthly Dividends
The table displays the monthly dividend distributions for Rydex Dow 2x 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.91 | $2.91 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.75 | $5.75 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.58 | $0.58 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.52 | $2.52 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.07 | $6.07 |
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 Dow 2x 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 Dow 2x Strategy Fund was 82.36%, occurring on Mar 9, 2009. Recovery took 1187 trading sessions.
The current Rydex Dow 2x Strategy Fund drawdown is 1.78%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -82.36%Mar 2009 | 1y 5mo | 4y 8mo | 6y 1moOct 2007 - Nov 2013 |
COVID crash2020 | -63.19%Mar 2020 | 1mo 9d | 11mo | 1y 4dFeb 2020 - Feb 2021 |
Bear market2022 | -40.72%Sep 2022 | 8mo 28d | 1y 4mo | 2y 1moJan 2022 - Feb 2024 |
Rate-hike selloffLate 2018 | -35.25%Dec 2018 | 10mo 29d | 6mo 20d | 1y 5moJan 2018 - Jul 2019 |
2025 selloff2025 | -32.15%Apr 2025 | 4mo 4d | 5mo 27d | 10mo 1dDec 2024 - Oct 2025 |
Drawdown Indicators
| RYCYX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.36% | -56.78% | -25.58% |
Max Drawdown (1Y)Largest decline over 1 year | -19.49% | -9.10% | -10.39% |
Max Drawdown (3Y)Largest decline over 3 years | -32.15% | -18.90% | -13.25% |
Max Drawdown (5Y)Largest decline over 5 years | -40.72% | -25.43% | -15.29% |
Max Drawdown (10Y)Largest decline over 10 years | -63.19% | -33.92% | -29.27% |
Current DrawdownCurrent decline from peak | -1.78% | -1.80% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -18.08% | -10.71% | -7.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.35% | 2.03% | +3.32% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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