Rydex Government Long Bond 1.2x Strategy Fund (RYGBX)
The investment seeks to provide investment results that correspond, before fees and expenses, to 120% of the daily price movement of the Long Treasury Bond for U.S. government securities on a daily basis. The fund employs as its investment strategy a program of investing in U.S. government securities and derivative instruments, which primarily consist of futures contracts, interest rate swaps, and options on securities and futures contracts. It will invest at least 80% of its net assets, plus any borrowings for investment purposes, in fixed income securities issued by the U.S. government (and derivatives thereof).
Fund Info
| ISIN | US7835545044 |
|---|---|
| CUSIP | 783554504 |
| Issuer | Rydex Funds |
| Inception Date | Jan 2, 1994 |
| Category | Leveraged Bonds, Leveraged |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
RYGBX has a high expense ratio of 0.99%, 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 Government Long Bond 1.2x 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.
Returns By Period
Rydex Government Long Bond 1.2x Strategy Fund had a return of -8.32% year-to-date (YTD) and -10.83% in the last 12 months. Over the past 10 years, Rydex Government Long Bond 1.2x Strategy Fund had an annualized return of -1.54%, while the S&P 500 had an annualized return of 10.99%, indicating that Rydex Government Long Bond 1.2x Strategy Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -8.32% | 11.18% |
| 1 month | 5.40% | 5.60% |
| 6 months | 3.94% | 17.48% |
| 1 year | -10.83% | 26.33% |
| 5 years (annualized) | -7.32% | 13.16% |
| 10 years (annualized) | -1.54% | 10.99% |
Monthly Returns
The table below presents the monthly returns of RYGBX, 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 | -3.30% | -2.79% | 0.92% | -8.36% | -8.32% | ||||||||
| 2023 | 7.63% | -5.87% | 5.59% | 0.11% | -3.68% | 0.04% | -3.27% | -4.16% | -9.35% | -6.90% | 11.68% | 10.42% | -0.43% |
| 2022 | -6.03% | -2.13% | -7.02% | -12.66% | -3.09% | -2.06% | 3.05% | -5.70% | -10.67% | -8.30% | 8.35% | -2.82% | -40.57% |
| 2021 | -5.44% | -7.83% | -7.34% | 3.21% | 0.42% | 5.41% | 4.94% | -0.42% | -4.10% | 3.89% | 3.70% | -2.55% | -7.17% |
| 2020 | 10.16% | 9.46% | 8.78% | 1.48% | -3.08% | 0.30% | 6.74% | -7.99% | 0.94% | -5.43% | 2.41% | -1.80% | 22.02% |
| 2019 | 0.57% | -1.89% | 7.09% | -2.76% | 9.23% | 1.02% | 0.17% | 15.23% | -3.86% | -1.73% | -0.60% | -4.39% | 17.50% |
| 2018 | -4.76% | -4.17% | 3.96% | -3.17% | 2.42% | 0.83% | -1.93% | 1.54% | -3.85% | -4.10% | 2.08% | 6.95% | -4.89% |
| 2017 | 0.30% | 2.06% | -1.09% | 1.84% | 2.23% | 1.08% | -1.14% | 4.32% | -3.15% | -0.23% | 0.96% | 2.56% | 9.94% |
| 2016 | 7.01% | 3.80% | -0.13% | -0.96% | 1.02% | 9.31% | 3.06% | -1.32% | -2.07% | -6.33% | -11.24% | -0.06% | 0.39% |
| 2015 | 13.10% | -8.06% | 1.47% | -4.73% | -3.57% | -5.32% | 5.63% | -1.07% | 2.21% | -0.94% | -1.23% | -0.50% | -4.58% |
| 2014 | 7.82% | 0.73% | 1.19% | 2.49% | 3.74% | -0.24% | 0.95% | 6.14% | -2.75% | 3.61% | 3.93% | 4.06% | 36.11% |
| 2013 | -5.06% | 2.14% | -0.50% | 5.96% | -8.58% | -2.83% | -3.10% | -1.56% | 0.87% | 1.88% | -3.15% | -2.63% | -16.04% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RYGBX is 1, indicating that it is in the bottom 1% 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.
RYGBX (Rydex Government Long Bond 1.2x Strategy Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Rydex Government Long Bond 1.2x Strategy Fund (RYGBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Rydex Government Long Bond 1.2x Strategy Fund granted a 3.67% dividend yield in the last twelve months. The annual payout for that period amounted to $0.81 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.81 | $0.79 | $0.59 | $0.36 | $21.90 | $2.83 | $0.93 | $0.79 | $2.81 | $1.09 | $0.64 | $0.56 |
Dividend yield | 3.67% | 3.25% | 2.33% | 0.82% | 46.54% | 5.00% | 1.84% | 1.45% | 5.62% | 2.07% | 1.13% | 1.34% |
Monthly Dividends
The table displays the monthly dividend distributions for Rydex Government Long Bond 1.2x 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.07 | $0.07 | $0.07 | $0.07 | $0.00 | $0.27 | |||||||
| 2023 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.79 |
| 2022 | $0.03 | $0.03 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.07 | $0.59 |
| 2021 | $0.02 | $0.03 | $0.03 | $0.04 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2020 | $0.06 | $0.04 | $0.04 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.03 | $21.62 | $21.90 |
| 2019 | $0.08 | $0.07 | $0.08 | $0.08 | $0.09 | $0.07 | $0.08 | $0.07 | $0.05 | $0.05 | $0.06 | $2.06 | $2.83 |
| 2018 | $0.06 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.07 | $0.09 | $0.07 | $0.08 | $0.08 | $0.08 | $0.93 |
| 2017 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.08 | $0.07 | $0.07 | $0.06 | $0.05 | $0.06 | $0.07 | $0.79 |
| 2016 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $2.18 | $0.06 | $2.81 |
| 2015 | $0.06 | $0.07 | $0.05 | $0.04 | $0.05 | $0.08 | $0.08 | $0.07 | $0.07 | $0.07 | $0.06 | $0.40 | $1.09 |
| 2014 | $0.06 | $0.04 | $0.06 | $0.04 | $0.06 | $0.06 | $0.05 | $0.08 | $0.05 | $0.05 | $0.04 | $0.06 | $0.64 |
| 2013 | $0.06 | $0.03 | $0.02 | $0.04 | $0.06 | $0.05 | $0.06 | $0.06 | $0.05 | $0.04 | $0.04 | $0.04 | $0.56 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Rydex Government Long Bond 1.2x 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 Government Long Bond 1.2x Strategy Fund was 75.10%, occurring on Dec 24, 1999. Recovery took 462 trading sessions.
The current Rydex Government Long Bond 1.2x Strategy Fund drawdown is 56.60%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -75.1% | Oct 6, 1998 | 319 | Dec 24, 1999 | 462 | Oct 31, 2001 | 781 |
| -71.74% | Jan 1, 1996 | 176 | Sep 2, 1996 | 237 | Jul 30, 1997 | 413 |
| -69.76% | Apr 27, 1994 | 152 | Nov 24, 1994 | 100 | Apr 13, 1995 | 252 |
| -68.23% | Aug 1, 1997 | 22 | Sep 1, 1997 | 23 | Oct 2, 1997 | 45 |
| -67.39% | Jan 13, 1998 | 25 | Feb 16, 1998 | 75 | Jun 1, 1998 | 100 |
Volatility
Volatility Chart
The current Rydex Government Long Bond 1.2x Strategy Fund volatility is 3.47%, 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.