- ISIN
- US7835547024
- CUSIP
- 783554702
- Issuer
- Rydex Funds
- Inception Date
- Mar 2, 1995
- Category
- Inverse Bonds
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
RYJUX Performance Chart
Rydex Inverse Government Long Bond Strategy Fund (RYJUX) is up 6.1% since the beginning of the year. RYJUX is currently trading at $205 per share. Investors who bought $1,000 worth of RYJUX shares 5 years ago would now be looking at an investment worth $1,907.
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Returns By Period
Rydex Inverse Government Long Bond Strategy Fund (RYJUX) has returned 6.14% so far this year and 7.26% over the past 12 months. Over the last ten years, RYJUX has returned 4.21% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Rydex Inverse Government Long Bond Strategy Fund
- 1D
- 0.13%
- 1M
- 3.52%
- 6M
- 5.06%
- YTD
- 6.14%
- 1Y
- 7.26%
- 3Y*
- 9.30%
- 5Y*
- 13.78%
- 10Y*
- 4.21%
- ALL TIME*
- -3.18%
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%
RYJUX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1996, RYJUX's average daily return is -0.01%, while the average monthly return is -0.19%.
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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.03% | -3.97% | 4.29% | 1.32% | -0.03% | -0.76% | 4.35% | 6.14% | |||||
| 2025 | 0.41% | -4.93% | 1.88% | 1.50% | 4.02% | -1.95% | 1.75% | 0.74% | -2.93% | -0.82% | 0.19% | 2.69% | 2.24% |
| 2024 | 3.56% | 2.71% | -0.02% | 7.76% | -1.99% | -1.24% | -2.78% | -1.50% | -1.12% | 6.39% | -1.51% | 7.22% | 18.01% |
| 2023 | -5.51% | 5.31% | -4.25% | 0.36% | 3.37% | 0.44% | 3.31% | 3.97% | 8.85% | 6.18% | -8.45% | -7.32% | 4.58% |
| 2022 | 4.54% | 1.04% | 5.21% | 11.25% | 1.94% | 1.20% | -2.71% | 4.52% | 9.30% | 7.29% | -6.50% | 2.66% | 45.99% |
| 2021 | 4.49% | 6.24% | 6.16% | -2.88% | -0.46% | -4.67% | -4.36% | 0.11% | 3.14% | -3.62% | -3.72% | 1.79% | 1.31% |
Benchmark Metrics
Rydex Inverse Government Long Bond Strategy Fund has an annualized alpha of -4.10%, 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 23.22% 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.
- Alpha
- -4.10%
- Beta
- 0.21
- R²
- 0.07
- Upside Capture
- 0.25%
- Downside Capture
- 23.22%
Expense Ratio
RYJUX has a high expense ratio of 4.28%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RYJUX ranks 15 for risk / return — above 15% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Rydex Inverse Government Long Bond Strategy Fund (RYJUX) 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.
| RYJUX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.25 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 2.00 | -1.09 |
| Martin ratioReturn relative to average drawdown | 2.11 | 8.49 | -6.38 |
Dividends
Dividend History
Rydex Inverse Government Long Bond Strategy Fund provided a 4.18% dividend yield over the last twelve months, with an annual payout of $8.58 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $8.58 | $8.58 | $15.29 | $2.28 | $0.00 | $0.00 | $0.44 |
Dividend yield | 4.18% | 4.44% | 7.75% | 1.26% | 0.00% | 0.00% | 0.37% |
Monthly Dividends
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.
| 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 | $8.58 | $8.58 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $15.29 | $15.29 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.28 | $2.28 |
| 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 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 68.36%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-85.46%Aug 2020 | 20y 6mo | — | 26y 6moJan 2000 - now | — |
-20.46%Oct 1998 | 2y 3mo | 1y 2mo | 3y 6moJun 1996 - Dec 1999 | — |
-3.08%May 1996 | 16d | 20d | 1mo 6dMay 1996 - Jun 1996 | — |
-2.40%Jan 1996 | 8d | 28d | 1mo 6dJan 1996 - Feb 1996 | — |
-2.09%Apr 1996 | 10d | 10d | 20dApr 1996 - May 1996 | — |
Drawdown Indicators
| RYJUX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.46% | -56.78% | -28.68% |
Max Drawdown (1Y)Largest decline over 1 year | -6.42% | -9.10% | +2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -16.72% | -18.90% | +2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -16.72% | -25.43% | +8.71% |
Max Drawdown (10Y)Largest decline over 10 years | -42.57% | -33.92% | -8.65% |
Current DrawdownCurrent decline from peak | -68.36% | -1.58% | -66.78% |
Average DrawdownAverage peak-to-trough decline | -50.93% | -10.70% | -40.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 2.14% | +0.64% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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