Rydex Banking Fund (RYKIX)
The fund invests substantially all (at least 80%) of its net assets in equity securities of Banking Companies that are traded in the United States and in derivatives, which primarily consist of futures contracts and options on securities, futures contracts, and stock indices. It may invest to a significant extent in the securities of Banking Companies that have small to mid-sized capitalizations.
Fund Info
US7835548683
783554868
Apr 1, 1998
$2,500
Mid-Cap
Value
Expense Ratio
RYKIX has a high expense ratio of 1.36%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Rydex Banking 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 Banking Fund had a return of 7.95% year-to-date (YTD) and 37.33% in the last 12 months. Over the past 10 years, Rydex Banking Fund had an annualized return of 7.29%, while the S&P 500 had an annualized return of 11.31%, indicating that Rydex Banking Fund did not perform as well as the benchmark.
RYKIX
7.95%
2.59%
20.46%
37.33%
7.93%
7.29%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of RYKIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 7.46% | 7.95% | |||||||||||
| 2024 | -2.42% | 0.30% | 6.44% | -4.67% | 3.02% | 0.42% | 11.49% | 1.23% | -0.33% | 4.07% | 11.98% | -8.43% | 23.33% |
| 2023 | 8.66% | -1.49% | -21.10% | -0.62% | -6.20% | 6.71% | 12.69% | -8.49% | -3.98% | -4.23% | 14.00% | 13.36% | 2.95% |
| 2022 | 1.97% | 0.59% | -6.16% | -10.65% | 5.40% | -11.34% | 8.36% | -1.86% | -7.19% | 9.20% | 3.88% | -7.56% | -16.81% |
| 2021 | 1.53% | 15.52% | 4.88% | 4.67% | 4.26% | -5.96% | -3.00% | 4.65% | 1.39% | 5.45% | -4.39% | 2.07% | 33.70% |
| 2020 | -6.54% | -11.89% | -27.58% | 13.56% | 0.12% | 1.02% | -0.40% | 3.22% | -6.22% | 9.28% | 17.53% | 8.66% | -7.85% |
| 2019 | 12.09% | 4.59% | -6.55% | 8.66% | -9.40% | 6.54% | 3.26% | -8.47% | 6.49% | 2.43% | 4.79% | 3.54% | 28.51% |
| 2018 | 6.55% | -2.82% | -3.23% | 0.53% | 0.07% | -2.79% | 3.43% | 1.28% | -4.50% | -7.10% | 3.32% | -14.11% | -19.19% |
| 2017 | 0.21% | 3.87% | -3.88% | -1.03% | -2.98% | 6.69% | 0.52% | -3.22% | 7.26% | 0.95% | 3.35% | 0.80% | 12.48% |
| 2016 | -10.81% | -4.05% | 8.19% | 7.02% | 1.18% | -6.55% | 4.44% | 6.88% | -2.24% | 3.76% | 13.94% | 5.29% | 27.28% |
| 2015 | -9.17% | 8.27% | -0.37% | 2.77% | 1.12% | 2.42% | 0.01% | -7.61% | -3.10% | 4.40% | 3.10% | -5.36% | -4.86% |
| 2014 | -5.09% | 3.28% | 4.25% | -3.73% | 0.62% | 3.51% | -1.98% | 2.58% | -2.23% | 2.36% | 0.37% | 0.05% | 3.53% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 81, RYKIX is among the top 19% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Rydex Banking Fund (RYKIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Rydex Banking Fund provided a 3.05% dividend yield over the last twelve months, with an annual payout of $3.33 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.33 | $3.33 | $1.23 | $2.59 | $0.50 | $2.26 | $0.52 | $1.58 | $0.31 | $0.31 | $0.29 | $0.42 |
Dividend yield | 3.05% | 3.29% | 1.46% | 3.11% | 0.48% | 2.90% | 0.59% | 2.32% | 0.36% | 0.41% | 0.48% | 0.66% |
Monthly Dividends
The table displays the monthly dividend distributions for Rydex Banking 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.33 | $3.33 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.23 | $1.23 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.59 | $2.59 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.50 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.26 | $2.26 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.52 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.58 | $1.58 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.31 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.00 | $0.31 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.00 | $0.29 |
| 2014 | $0.42 | $0.00 | $0.42 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Rydex Banking 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 Banking Fund was 93.33%, occurring on Dec 24, 1999. Recovery took 979 trading sessions.
The current Rydex Banking Fund drawdown is 2.37%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -93.33% | Jul 15, 1998 | 378 | Dec 24, 1999 | 979 | Nov 21, 2003 | 1357 |
| -90.41% | Apr 16, 1998 | 28 | May 25, 1998 | 32 | Jul 8, 1998 | 60 |
| -68.24% | Feb 21, 2007 | 513 | Mar 6, 2009 | 1583 | Jun 22, 2015 | 2096 |
| -51.08% | Jan 29, 2018 | 541 | Mar 23, 2020 | 227 | Feb 16, 2021 | 768 |
| -43.99% | Jan 18, 2022 | 326 | May 4, 2023 | 380 | Nov 6, 2024 | 706 |
Volatility
Volatility Chart
The current Rydex Banking Fund volatility is 4.17%, 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.