Rydex Inverse Government Long Bond Strategy Fund (RYJUX)

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Rydex Inverse Government Long Bond Strategy Fund (RYJUX) is up 2.0% since the beginning of the year. RYJUX is currently trading at $197 per share. Investors who bought $1,000 worth of RYJUX shares 5 years ago would now be looking at an investment worth $1,737.

Rydex Inverse Government Long Bond Strategy Fund (RYJUX) has returned 1.96% so far this year and 2.08% over the past 12 months. Over the last ten years, RYJUX has returned 3.34% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.

Based on dividend-adjusted daily data since Jan 2, 1996, RYJUX's average daily return is -0.01%, while the average monthly return is -0.20%.

Historically, 48% of months were positive and 52% were negative. The best month was Jan 2009 with a return of +14.3%, while the worst month was Nov 2008 at -19.5%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.

On a daily basis, RYJUX closed higher 46% of trading days. The best single day was Mar 17, 2020 with a return of +7.7%, while the worst single day was Mar 20, 2020 at -8.1%.

Rydex Inverse Government Long Bond Strategy Fund has an annualized alpha of -4.25%, beta of 0.21, and R2 of 0.07 versus S&P 500 Index. Calculated based on daily prices since January 02, 1996.

• This fund participated in 24.16% of S&P 500 Index downside but only 0.25% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.21 may look defensive, but with R2 of 0.07 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 0.07 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

RYJUX has a high expense ratio of 4.28%, indicating above-average management fees.

RYJUX ranks 4 for risk / return — in the bottom 4% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

Rydex Inverse Government Long Bond Strategy Fund provided a 4.35% dividend yield over the last twelve months, with an annual payout of $8.58 per share.

The table displays the monthly dividend distributions for Rydex Inverse Government Long Bond 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 Inverse Government Long Bond 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 Government Long Bond Strategy Fund was 85.46%, occurring on Aug 4, 2020. The portfolio has not yet recovered.

The current Rydex Inverse Government Long Bond Strategy Fund drawdown is 69.61%.

The chart below shows the rolling one-month volatility.