Rydex Inverse Dow 2x Strategy Fund (RYCZX)

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The chart shows the growth of an initial investment of $10,000 in Rydex Inverse Dow 2x 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.

Rydex Inverse Dow 2x Strategy Fund (RYCZX) has returned 12.18% so far this year and -15.25% over the past 12 months. Over the last ten years, RYCZX has returned -24.23% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jan 3, 2005, RYCZX's average daily return is -0.07%, while the average monthly return is -1.78%.

Historically, 33% of months were positive and 67% were negative. The best month was Feb 2009 with a return of +23.5%, while the worst month was Oct 2022 at -24.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 10 months.

On a daily basis, RYCZX closed higher 45% of trading days. The best single day was Mar 16, 2020 with a return of +26.0%, while the worst single day was Oct 28, 2008 at -22.6%.

Rydex Inverse Dow 2x Strategy Fund has an annualized alpha of -1.40%, beta of -1.81, and R² of 0.93 versus S&P 500 Index. Calculated based on daily prices since January 04, 2005.

• This fund tended to rise when S&P 500 Index fell (downside capture of -261.87%), but participation in market rallies was also limited (-118.27%) — a profile typical of counter-cyclical assets.
• Beta of -1.81 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

RYCZX has a high expense ratio of 2.70%, indicating above-average management fees.

RYCZX ranks 2 for risk / return — in the bottom 2% 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 Dow 2x Strategy Fund (RYCZX) and compare them to a chosen benchmark (S&P 500 Index).

Rydex Inverse Dow 2x Strategy Fund provided a 5.24% dividend yield over the last twelve months, with an annual payout of $5.15 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Rydex Inverse Dow 2x 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 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 Inverse Dow 2x Strategy Fund was 99.77%, occurring on Feb 10, 2026. The portfolio has not yet recovered.

The current Rydex Inverse Dow 2x Strategy Fund drawdown is 99.72%.

The chart below shows the rolling one-month volatility.