Rydex High Yield Strategy Fund (RYHDX)

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Rydex High Yield Strategy Fund (RYHDX) is down 0.1% since the beginning of the year. RYHDX is currently trading at $120 per share. Investors who bought $1,000 worth of RYHDX shares 5 years ago would now be looking at an investment worth $1,178.

Rydex High Yield Strategy Fund (RYHDX) has returned -0.13% so far this year and 5.87% over the past 12 months. Over the last ten years, RYHDX has returned 4.03% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 2, 2008, RYHDX's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.

Historically, 63% of months were positive and 37% were negative. The best month was Oct 2011 with a return of +8.6%, while the worst month was Mar 2020 at -11.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.

On a daily basis, RYHDX closed higher 51% of trading days. The best single day was Oct 14, 2008 with a return of +5.4%, while the worst single day was Mar 16, 2020 at -4.5%.

Rydex High Yield Strategy Fund has an annualized alpha of 2.02%, beta of 0.31, and R2 of 0.45 versus S&P 500 Index. Calculated based on daily prices since January 02, 2008.

• This fund participated in 44.32% of S&P 500 Index downside but only 39.51% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.31 may look defensive, but with R2 of 0.45 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.45 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

RYHDX has a high expense ratio of 1.53%, indicating above-average management fees.

RYHDX ranks 21 for risk / return — below 21% 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.

Rydex High Yield Strategy Fund provided a 9.57% dividend yield over the last twelve months, with an annual payout of $11.45 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Rydex High Yield 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 High Yield 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 High Yield Strategy Fund was 23.28%, occurring on Mar 9, 2009. Recovery took 193 trading sessions.

The current Rydex High Yield Strategy Fund drawdown is 0.75%.

The chart below shows the rolling one-month volatility.