- ISIN
- US78356A3683
- CUSIP
- 78356A368
- Issuer
- Rydex Funds
- Inception Date
- Feb 21, 2008
- Category
- Leveraged Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
Share Price Chart
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Performance
RYJSX Performance Chart
Rydex Japan 2x Strategy Fund (RYJSX) is up 39.6% since the beginning of the year. RYJSX is currently trading at $258 per share. Investors who bought $1,000 worth of RYJSX shares 5 years ago would now be looking at an investment worth $1,633.
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Returns By Period
Rydex Japan 2x Strategy Fund (RYJSX) has returned 39.60% so far this year and 88.97% over the past 12 months. Over the last ten years, RYJSX has had an annualized return of 12.76%, just under the S&P 500 Index benchmark’s 13.26%.
Rydex Japan 2x Strategy Fund
- 1D
- 12.98%
- 1M
- -12.22%
- 6M
- 22.28%
- YTD
- 39.60%
- 1Y
- 88.97%
- 3Y*
- 28.28%
- 5Y*
- 10.31%
- 10Y*
- 12.76%
- ALL TIME*
- 10.30%
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%
RYJSX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2009, RYJSX's average daily return is +0.07%, while the average monthly return is +1.32%. At this rate, an investment would double in approximately 4.4 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +29.2%, while the worst month was Jan 2009 at -26.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, RYJSX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +17.8%, while the worst single day was Mar 12, 2020 at -19.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 14.16% | 16.70% | -22.17% | 28.38% | 17.40% | 8.77% | -17.87% | 39.60% | |||||
| 2025 | 1.40% | -3.74% | -6.77% | 9.28% | 6.70% | 12.70% | -7.65% | 11.43% | 12.21% | 23.70% | -10.98% | -0.86% | 50.73% |
| 2024 | 5.44% | 14.42% | 3.71% | -18.40% | 1.90% | 0.60% | 7.76% | 5.53% | -0.96% | -10.27% | 2.04% | -5.91% | 1.56% |
| 2023 | 15.11% | -9.93% | 12.35% | 0.01% | 6.39% | 8.74% | 0.92% | -9.69% | -8.73% | -6.55% | 18.22% | 8.49% | 34.36% |
| 2022 | -10.54% | -5.33% | -3.89% | -17.77% | 4.09% | -15.05% | 15.20% | -9.45% | -20.23% | 5.61% | 21.46% | -9.22% | -42.66% |
| 2021 | -1.56% | 6.68% | -6.37% | -1.15% | -0.47% | -4.08% | -6.74% | 3.54% | 7.42% | -7.28% | -7.67% | 4.18% | -14.17% |
Benchmark Metrics
Rydex Japan 2x Strategy Fund has an annualized alpha of -4.33%, beta of 1.61, and R2 of 0.54 versus S&P 500 Index. Calculated based on daily prices since January 02, 2009.
- This fund participated in 165.73% of S&P 500 Index downside but only 165.32% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -4.33% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 1.61 means this fund moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -4.33%
- Beta
- 1.61
- R²
- 0.54
- Upside Capture
- 165.32%
- Downside Capture
- 165.73%
Expense Ratio
RYJSX has a high expense ratio of 1.49%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RYJSX ranks 59 for risk / return — above 59% 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 Japan 2x Strategy Fund (RYJSX) 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.
| RYJSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.00 | +0.75 |
| Martin ratioReturn relative to average drawdown | 7.78 | 8.49 | -0.72 |
Dividends
Dividend History
Rydex Japan 2x Strategy Fund provided a 0.79% dividend yield over the last twelve months, with an annual payout of $2.05 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.05 | $2.05 | $5.58 | $7.46 | $0.00 | $0.00 | $1.06 | $1.24 | $0.51 | $4.44 |
Dividend yield | 0.79% | 1.11% | 4.50% | 5.86% | 0.00% | 0.00% | 0.52% | 0.85% | 0.48% | 3.24% |
Monthly Dividends
The table displays the monthly dividend distributions for Rydex Japan 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $2.05 | $2.05 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.58 | $5.58 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.46 | $7.46 |
| 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 | $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 | $0.00 | $0.00 |
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 Japan 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 Japan 2x Strategy Fund was 63.60%, occurring on Oct 14, 2022. Recovery took 765 trading sessions.
The current Rydex Japan 2x Strategy Fund drawdown is 23.36%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-63.60%Oct 2022 | 1y 7mo | 3y 21d | 4y 8moFeb 2021 - Nov 2025 | Bear market2022 |
-53.35%Mar 2009 | 2mo 3d | 4mo 17d | 6mo 20dJan 2009 - Jul 2009 | Financial crisis2007–2009 |
-52.96%Mar 2020 | 2y 1mo | 7mo 22d | 2y 9moJan 2018 - Nov 2020 | COVID crash2020 |
-39.49%Nov 2011 | 9mo 6d | 1y 4mo | 2y 1moFeb 2011 - Apr 2013 | — |
-36.44%Feb 2016 | 9mo 24d | 1y 3d | 1y 9moApr 2015 - Feb 2017 | — |
Drawdown Indicators
| RYJSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.60% | -56.78% | -6.82% |
Max Drawdown (1Y)Largest decline over 1 year | -32.17% | -9.10% | -23.07% |
Max Drawdown (3Y)Largest decline over 3 years | -40.80% | -18.90% | -21.90% |
Max Drawdown (5Y)Largest decline over 5 years | -61.07% | -25.43% | -35.64% |
Max Drawdown (10Y)Largest decline over 10 years | -63.60% | -33.92% | -29.68% |
Current DrawdownCurrent decline from peak | -23.36% | -1.58% | -21.78% |
Average DrawdownAverage peak-to-trough decline | -20.80% | -10.70% | -10.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.35% | 2.14% | +9.21% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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