- ISIN
- US78356C5397
- CUSIP
- 78356C539
- Issuer
- Rydex Funds
- Inception Date
- Dec 1, 2015
- Category
- Large Cap Value Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
RYDAX Performance Chart
Rydex Dow Jones Industrial Average Fund (RYDAX) is up 8.6% since the beginning of the year. RYDAX is currently trading at $123 per share. Investors who bought $1,000 worth of RYDAX shares 5 years ago would now be looking at an investment worth $1,507.
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Returns By Period
Rydex Dow Jones Industrial Average Fund (RYDAX) has returned 8.60% so far this year and 19.84% over the past 12 months. Over the last ten years, RYDAX has returned 11.41% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Rydex Dow Jones Industrial Average Fund
- 1D
- 1.18%
- 1M
- -1.37%
- 6M
- 6.82%
- YTD
- 8.60%
- 1Y
- 19.84%
- 3Y*
- 13.84%
- 5Y*
- 8.55%
- 10Y*
- 11.41%
- ALL TIME*
- 11.58%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
RYDAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, RYDAX's average daily return is +0.05%, while the average monthly return is +1.01%. At this rate, an investment would double in approximately 5.7 years.
Historically, 69% of months were positive and 31% were negative. The best month was Oct 2022 with a return of +13.9%, while the worst month was Mar 2020 at -14.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, RYDAX closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +11.3%, while the worst single day was Mar 16, 2020 at -12.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.66% | 0.17% | -5.34% | 7.10% | 2.80% | 2.61% | -0.28% | 8.60% | |||||
| 2025 | 4.63% | -1.54% | -4.19% | -3.25% | 4.02% | 4.35% | 0.02% | 3.29% | 1.88% | 2.44% | 0.33% | 0.77% | 12.98% |
| 2024 | 1.16% | 2.35% | 2.08% | -5.06% | 2.44% | 1.12% | 4.39% | 1.88% | 1.84% | -1.42% | 7.61% | -5.30% | 13.10% |
| 2023 | 2.83% | -4.06% | 1.91% | 2.46% | -3.31% | 4.53% | 3.32% | -2.15% | -3.56% | -1.42% | 9.05% | 4.79% | 14.36% |
| 2022 | -3.42% | -3.46% | 2.24% | -5.03% | 0.10% | -6.82% | 6.70% | -3.87% | -8.95% | 13.91% | 5.89% | -4.21% | -8.88% |
| 2021 | -2.06% | 3.33% | 6.62% | 2.66% | 2.09% | -0.12% | 1.20% | 1.44% | -4.33% | 5.75% | -3.64% | 5.37% | 19.11% |
Benchmark Metrics
Rydex Dow Jones Industrial Average Fund has an annualized alpha of -0.25%, beta of 0.92, and R2 of 0.89 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.
- This fund participated in 96.72% of S&P 500 Index downside but only 91.70% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.92 and R2 of 0.89, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.25%
- Beta
- 0.92
- R²
- 0.89
- Upside Capture
- 91.70%
- Downside Capture
- 96.72%
Expense Ratio
RYDAX has a high expense ratio of 1.58%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RYDAX ranks 45 for risk / return — above 45% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Rydex Dow Jones Industrial Average Fund (RYDAX) 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.
| RYDAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.00 | -0.22 |
| Martin ratioReturn relative to average drawdown | 6.73 | 8.49 | -1.77 |
Dividends
Dividend History
Rydex Dow Jones Industrial Average Fund provided a 0.35% dividend yield over the last twelve months, with an annual payout of $0.43 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.43 | $0.43 | $1.75 | $0.68 | $2.53 | $1.10 | $3.74 | $3.01 | $0.79 | $2.50 | $0.31 |
Dividend yield | 0.35% | 0.38% | 1.73% | 0.75% | 3.17% | 1.22% | 4.87% | 4.02% | 1.25% | 3.70% | 0.56% |
Monthly Dividends
The table displays the monthly dividend distributions for Rydex Dow Jones Industrial Average 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 | $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 | $0.43 | $0.43 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.75 | $1.75 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.68 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.53 | $2.53 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.10 | $1.10 |
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 Jones Industrial Average 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 Jones Industrial Average Fund was 37.34%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.
The current Rydex Dow Jones Industrial Average Fund drawdown is 1.68%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-37.34%Mar 2020 | 1mo 9d | 7mo 28d | 9mo 7dFeb 2020 - Nov 2020 | COVID crash2020 |
-22.12%Sep 2022 | 8mo 28d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 | Bear market2022 |
-18.75%Dec 2018 | 2mo 21d | 5mo 28d | 8mo 19dOct 2018 - Jun 2019 | Rate-hike selloffLate 2018 |
-16.50%Apr 2025 | 4mo 4d | 4mo 16d | 8mo 20dDec 2024 - Aug 2025 | 2025 selloff2025 |
-11.42%Mar 2018 | 1mo 23d | 6mo 1d | 7mo 24dJan 2018 - Sep 2018 | — |
Drawdown Indicators
| RYDAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.34% | -56.78% | +19.44% |
Max Drawdown (1Y)Largest decline over 1 year | -9.86% | -9.10% | -0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -16.50% | -18.90% | +2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | -25.43% | +3.31% |
Max Drawdown (10Y)Largest decline over 10 years | -37.34% | -33.92% | -3.42% |
Current DrawdownCurrent decline from peak | -1.68% | -1.58% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -10.70% | +6.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 2.14% | +0.47% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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