Rydex Inverse High Yield Strategy Fund (RYILX)
The investment seeks to provide investment results that inversely correlate, before fees and expenses, to the performance of the high yield bond market. Under normal circumstances, the fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in financial instruments that in combination should provide inverse exposure to the U.S. and Canadian high yield bond markets. It will primarily invest in credit default swaps, swaps on ETFs, and bond futures to gain inverse exposure to the high yield bond market. The fund is non-diversified.
Fund Info
| ISIN | US78356A4756 |
|---|---|
| CUSIP | 78356A475 |
| Issuer | Rydex Funds |
| Inception Date | Apr 15, 2007 |
| Category | Inverse Bonds, Leveraged |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
RYILX has a high expense ratio of 1.55%, 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 Inverse High Yield 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 Inverse High Yield Strategy Fund had a return of 2.15% year-to-date (YTD) and -1.69% in the last 12 months. Over the past 10 years, Rydex Inverse High Yield Strategy Fund had an annualized return of -4.37%, while the S&P 500 had an annualized return of 10.64%, indicating that Rydex Inverse High Yield Strategy Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.15% | 7.50% |
| 1 month | 0.84% | -1.61% |
| 6 months | -3.69% | 17.65% |
| 1 year | -1.69% | 26.26% |
| 5 years (annualized) | -1.95% | 11.73% |
| 10 years (annualized) | -4.37% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.58% | 0.82% | -0.94% | 3.20% | ||||||||
| 2023 | 2.09% | -5.23% | -3.54% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RYILX is 3, indicating that it is in the bottom 3% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Rydex Inverse High Yield Strategy Fund(RYILX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Rydex Inverse High Yield Strategy Fund (RYILX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Rydex Inverse High Yield Strategy Fund granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $1.14 | $3.87 |
Dividend yield | 0.00% | 0.00% | 0.00% | 2.45% | 7.79% |
Monthly Dividends
The table displays the monthly dividend distributions for Rydex Inverse High Yield 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.14 |
| 2020 | $3.87 |
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 Inverse 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 Inverse High Yield Strategy Fund was 77.11%, occurring on Nov 5, 2021. The portfolio has not yet recovered.
The current Rydex Inverse High Yield Strategy Fund drawdown is 75.78%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -77.11% | Mar 10, 2009 | 3180 | Nov 5, 2021 | — | — | — |
| -11.84% | Jul 27, 2007 | 205 | May 19, 2008 | 100 | Oct 9, 2008 | 305 |
| -11.54% | Nov 21, 2008 | 30 | Jan 6, 2009 | 40 | Mar 5, 2009 | 70 |
| -8.32% | Oct 14, 2008 | 16 | Nov 4, 2008 | 12 | Nov 20, 2008 | 28 |
| -1.26% | Jul 12, 2007 | 3 | Jul 16, 2007 | 2 | Jul 18, 2007 | 5 |
Volatility
Volatility Chart
The current Rydex Inverse High Yield Strategy Fund volatility is 2.42%, 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.