- ISIN
- US7835548683
- CUSIP
- 783554868
- Issuer
- Rydex Funds
- Inception Date
- Apr 1, 1998
- Category
- Financials Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
RYKIX Performance Chart
Rydex Banking Fund (RYKIX) is up 14.1% since the beginning of the year. RYKIX is currently trading at $139 per share. Investors who bought $1,000 worth of RYKIX shares 5 years ago would now be looking at an investment worth $1,631.
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Returns By Period
Rydex Banking Fund (RYKIX) has returned 14.12% so far this year and 32.27% over the past 12 months. Over the last ten years, RYKIX has returned 10.93% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Rydex Banking Fund
- 1D
- 1.15%
- 1M
- 1.84%
- 6M
- 10.95%
- YTD
- 14.12%
- 1Y
- 32.27%
- 3Y*
- 23.78%
- 5Y*
- 10.28%
- 10Y*
- 10.93%
- ALL TIME*
- 2.62%
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%
RYKIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 1999, RYKIX's average daily return is +0.03%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.
Historically, 56% of months were positive and 44% were negative. The best month was Mar 2000 with a return of +17.7%, while the worst month was Jan 2009 at -28.8%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.
On a daily basis, RYKIX closed higher 50% of trading days. The best single day was Sep 18, 2008 with a return of +16.2%, while the worst single day was Dec 1, 2008 at -15.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.86% | -3.50% | -3.56% | 8.57% | -1.06% | 7.94% | 2.82% | 14.12% | |||||
| 2025 | 7.46% | -2.85% | -6.94% | -2.32% | 6.23% | 6.57% | 1.55% | 6.72% | -0.64% | -1.60% | 3.45% | 5.24% | 23.92% |
| 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% |
Benchmark Metrics
Rydex Banking Fund has an annualized alpha of -3.14%, beta of 1.20, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since January 04, 1999.
- This fund participated in 106.84% of S&P 500 Index downside but only 88.04% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -3.14% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -3.14%
- Beta
- 1.20
- R²
- 0.62
- Upside Capture
- 88.04%
- Downside Capture
- 106.84%
Expense Ratio
RYKIX has a high expense ratio of 1.36%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RYKIX ranks 46 for risk / return — above 46% 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 Banking Fund (RYKIX) 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.
| RYKIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.00 | -0.15 |
| Martin ratioReturn relative to average drawdown | 5.41 | 8.49 | -3.08 |
Dividends
Dividend History
Rydex Banking Fund provided a 2.91% dividend yield over the last twelve months, with an annual payout of $4.04 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.04 | $4.04 | $3.33 | $1.23 | $2.59 | $0.50 | $2.26 | $0.51 | $1.58 | $0.31 | $0.31 | $0.29 |
Dividend yield | 2.91% | 3.32% | 3.29% | 1.46% | 3.11% | 0.48% | 2.90% | 0.59% | 2.32% | 0.36% | 0.41% | 0.48% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $4.04 | $4.04 |
| 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 |
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 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 80.14%, occurring on Mar 6, 2009. Recovery took 3061 trading sessions.
The current Rydex Banking Fund drawdown is 1.71%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-80.14%Mar 2009 | 2y 14d | 12y 2mo | 14y 2moFeb 2007 - May 2021 | Financial crisis2007–2009 |
-43.99%May 2023 | 1y 3mo | 1y 6mo | 2y 9moJan 2022 - Nov 2024 | — |
-37.92%Mar 2000 | 9mo 29d | 3y 7mo | 4y 5moMay 1999 - Oct 2003 | Dot-com crash2000–2002 |
-23.79%Apr 2025 | 4mo 13d | 2mo 25d | 7mo 8dNov 2024 - Jul 2025 | 2025 selloff2025 |
-15.25%Mar 2026 | 1mo 1d | 3mo 5d | 4mo 6dFeb 2026 - Jun 2026 | — |
Drawdown Indicators
| RYKIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.14% | -56.78% | -23.36% |
Max Drawdown (1Y)Largest decline over 1 year | -15.25% | -9.10% | -6.15% |
Max Drawdown (3Y)Largest decline over 3 years | -23.79% | -18.90% | -4.89% |
Max Drawdown (5Y)Largest decline over 5 years | -43.99% | -25.43% | -18.56% |
Max Drawdown (10Y)Largest decline over 10 years | -51.08% | -33.92% | -17.16% |
Current DrawdownCurrent decline from peak | -1.71% | -1.58% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -27.31% | -10.70% | -16.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.23% | 2.14% | +3.09% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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