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Rydex Government Long Bond 1.2x Strategy Fund (RYGBX) Alternatives

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

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).

Rydex Government Long Bond 1.2x Strategy Fund (RYGBX) belongs to the Leveraged Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with RYGBX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Other Mutual Funds from Rydex Funds

The 10 most viewed Rydex Funds mutual funds shown here include RMQAX, RYVYX, RYSIX and span 5 categories.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
RMQAX
Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fun...Leveraged Equities
67
40.14%
—Nov 2014RYGBX vs RMQAX
RYVYX
Rydex NASDAQ-100 2x Strategy FundLeveraged Equities
67
42.38%
—May 2000RYGBX vs RYVYX
RYSIX
Rydex Electronics FundTechnology Equities
97
87.82%
—Mar 1998RYGBX vs RYSIX
RYTNX
Rydex S&P 500 2x Strategy FundLeveraged Equities
58
20.51%
—May 2000RYGBX vs RYTNX
RYDAX
Rydex Dow Jones Industrial Average FundLarge Cap Value Equities
37
6.79%
—Dec 2015RYGBX vs RYDAX
RYPMX
Rydex Precious Metals FundPrecious Metals
34
7.46%
—Nov 1993RYGBX vs RYPMX
RYURX
Rydex Inverse S&P 500 Strategy FundInverse Equities
0
-8.72%
—Jan 1994RYGBX vs RYURX
RYTIX
Rydex Technology FundTechnology Equities
87
40.06%
—Apr 1998RYGBX vs RYTIX
RYAIX
Rydex Inverse NASDAQ-100 Strategy FundInverse Equities
0
-17.50%
—Sep 1998RYGBX vs RYAIX
RYNVX
Rydex Nova FundLeveraged Equities
61
16.00%
—Jul 1993RYGBX vs RYNVX

Often Compared With RYGBX

Investors most often compare RYGBX with PHPIX, SPY, RYMIX. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
PHPIX
ProFunds Pharmaceuticals UltraSector FundLeveraged Equities
39
-3.18%
—Jun 2000RYGBX vs PHPIX
SPY
State Street SPDR S&P 500 ETFS&P 500
70
10.91%
781.00BJan 1993RYGBX vs SPY
RYMIX
Rydex Telecommunications FundCommunications Equities
97
40.97%
—Mar 1998RYGBX vs RYMIX
TEPIX
ProFunds Technology UltraSector FundLeveraged Equities
85
57.79%
—Jun 2000RYGBX vs TEPIX
RYRRX
Rydex Russell 2000 FundSmall Cap Blend Equities
58
17.86%
—May 2006RYGBX vs RYRRX
RYCYX
Rydex Dow 2x Strategy FundLeveraged Equities
30
11.41%
—Feb 2004RYGBX vs RYCYX
RYVNX
Rydex Inverse NASDAQ-100 2x Strategy FundInverse Equities
0
-32.73%
—May 2000RYGBX vs RYVNX
RYMMX
Rydex S&P MidCap 400 Pure Value FundSmall Cap Value Equities
24
12.45%
—Feb 2004RYGBX vs RYMMX
DXHYX
Direxion Monthly High Yield Bull 1.2X FundLeveraged Bonds
25
0.65%
—Feb 2016RYGBX vs DXHYX
RYCLX
Rydex Inverse Mid-Cap Strategy FundInverse Equities
0
-12.06%
—Feb 2004RYGBX vs RYCLX
RYWWX
Rydex Inverse Emerging Markets 2x Strategy FundInverse Equities
0
-18.46%
—Oct 2010RYGBX vs RYWWX
RYIEX
Rydex Emerging Markets Bond Strategy FundEmerging Markets Bonds
36
0.64%
—Oct 2013RYGBX vs RYIEX
RYCKX
Rydex S&P MidCap 400 Pure Growth FundMid Cap Growth Equities
44
20.27%
—Feb 2004RYGBX vs RYCKX
RYEUX
Rydex Europe 1.25x Strategy FundLeveraged Equities
13
6.21%
—May 2000RYGBX vs RYEUX
RYCZX
Rydex Inverse Dow 2x Strategy FundInverse Equities
0
-12.67%
—Feb 2004RYGBX vs RYCZX
RYILX
Rydex Inverse High Yield Strategy FundInverse Bonds
1
1.38%
—Apr 2007RYGBX vs RYILX
FNPIX
ProFunds Financials UltraSector FundLeveraged Equities
2
-10.35%
—Jun 2000RYGBX vs FNPIX
RYTPX
Rydex Inverse S&P 500 2x Strategy FundInverse Equities
0
-17.63%
—May 2000RYGBX vs RYTPX
SOPIX
ProFunds Short NASDAQ-100 FundInverse Equities
0
-16.96%
—Apr 2002RYGBX vs SOPIX
DXKLX
Direxion Monthly 7-10 Year Treasury Bull 1.75X Fun...Leveraged Bonds
3
-3.24%
—Mar 2005RYGBX vs DXKLX

Compare RYGBX with Any Fund or Stock

Compare RYGBX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair RYGBX with funds that move differently

Rydex Government Long Bond 1.2x Strategy Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RYGBX.

Explore RYGBX Diversifiers