Rydex Banking Fund (RYKIX) belongs to the Financials Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with RYKIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RYKIX
RYKIX charges 1.36% annually. There are 19 mutual funds in the Financials Equities category with lower expense ratios, going as low as 0.09%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Financials Index Fund Admiral Shares | 0.09% | 13.50B | Feb 2004 | RYKIX vs VFAIX | |
| Fidelity Advisor Financial Services Fund Class Z | 0.64% | — | Oct 2018 | RYKIX vs FIKBX | |
| Fidelity Select Financial Services Portfolio | 0.73% | — | Dec 1981 | RYKIX vs FIDSX | |
| Fidelity Select Banking Portfolio | 0.73% | — | Jun 1986 | RYKIX vs FSRBX | |
| Fidelity Select Brokerage & Invmt Mgmt Portfolio | 0.75% | — | Jul 1985 | RYKIX vs FSLBX |
Best Risk-Adjusted Alternatives to RYKIX
RYKIX has a PortfoliosLab risk / return rank of 36. There are 4 mutual funds in the Financials Equities category with higher risk-adjusted ranks, going as high as 73.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Gabelli Global Financial Services Fund | 73 | — | Oct 2018 | RYKIX vs GFSIX | |
| Gabelli Global Financial Services Fund Class AAA | 71 | — | Oct 2018 | RYKIX vs GAFSX | |
| RMB Mendon Financial Services Fund | 59 | — | Jun 1999 | RYKIX vs RMBKX | |
| Hennessy Small Cap Financial Fund | 38 | — | Jan 1997 | RYKIX vs HSFNX | |
| John Hancock Regional Bank Fund | 32 | — | Jan 1992 | RYKIX vs FRBAX |
Top Performing RYKIX Alternatives (YTD)
RYKIX is at 9.32% YTD. There are 5 mutual funds in the Financials Equities category with higher YTD returns, going as high as 13.40%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| RMB Mendon Financial Services Fund | 13.40% | — | Jun 1999 | RYKIX vs RMBKX | |
| John Hancock Regional Bank Fund | 12.63% | — | Jan 1992 | RYKIX vs FRBAX | |
| John Hancock Financial Opportunities Fund | 12.49% | — | Aug 1994 | RYKIX vs BTO | |
| Hennessy Small Cap Financial Fund | 11.31% | — | Jan 1997 | RYKIX vs HSFNX | |
| Fidelity Select Banking Portfolio | 10.54% | — | Jun 1986 | RYKIX vs FSRBX |
Lowest Volatility Alternatives to RYKIX
RYKIX has 19.17% 1-year volatility. There are 19 mutual funds in the Financials Equities category with lower 1-year volatility, going as low as 7.22%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Flaherty & Crumrine Total Return Fund Inc | 7.22% | — | Aug 2003 | RYKIX vs FLC | |
| Saratoga Financial Service Fund | 9.55% | — | Aug 2000 | RYKIX vs SFPAX | |
| Gabelli Global Financial Services Fund | 12.78% | — | Oct 2018 | RYKIX vs GFSIX | |
| Gabelli Global Financial Services Fund Class AAA | 12.82% | — | Oct 2018 | RYKIX vs GAFSX | |
| ICON Consumer Select Fund | 14.09% | — | Jul 1997 | RYKIX vs ICFSX |
Lowest Drawdown Alternatives to RYKIX
RYKIX has a 1-year max drawdown of -15.25%. There are 20 mutual funds in the Financials Equities category with shallower 1-year drawdowns, going as shallow as -4.86%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Saratoga Financial Service Fund | -4.86% | — | Aug 2000 | RYKIX vs SFPAX | |
| Flaherty & Crumrine Total Return Fund Inc | -8.34% | — | Aug 2003 | RYKIX vs FLC | |
| Gabelli Global Financial Services Fund | -9.42% | — | Oct 2018 | RYKIX vs GFSIX | |
| Gabelli Global Financial Services Fund Class AAA | -9.47% | — | Oct 2018 | RYKIX vs GAFSX | |
| RMB Mendon Financial Services Fund | -9.48% | — | Jun 1999 | RYKIX vs RMBKX |
Other Mutual Funds from Rydex Funds
The 10 most viewed Rydex Funds mutual funds shown here include RMQAX, RYSIX, RYVYX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fun... | Leveraged Equities | 62 | 37.04% | — | Nov 2014 | RYKIX vs RMQAX | |
| Rydex Electronics Fund | Technology Equities | 97 | 98.05% | — | Mar 1998 | RYKIX vs RYSIX | |
| Rydex NASDAQ-100 2x Strategy Fund | Leveraged Equities | 62 | 38.32% | — | May 2000 | RYKIX vs RYVYX | |
| Rydex S&P 500 2x Strategy Fund | Leveraged Equities | 49 | 15.80% | — | May 2000 | RYKIX vs RYTNX | |
| Rydex Dow Jones Industrial Average Fund | Large Cap Value Equities | 43 | 7.64% | — | Dec 2015 | RYKIX vs RYDAX | |
| Rydex Precious Metals Fund | Precious Metals | 24 | -1.56% | — | Nov 1993 | RYKIX vs RYPMX | |
| Rydex S&P 500 Pure Growth Fund | Large Cap Growth Equities | 66 | 35.24% | — | Feb 2004 | RYKIX vs RYGRX | |
| Rydex Technology Fund | Technology Equities | 75 | 33.76% | — | Apr 1998 | RYKIX vs RYTIX | |
| Rydex Inverse S&P 500 Strategy Fund | Inverse Equities | 0 | -7.00% | — | Jan 1994 | RYKIX vs RYURX | |
| Rydex S&P MidCap 400 Pure Growth Fund | Mid Cap Growth Equities | 51 | 21.97% | — | Feb 2004 | RYKIX vs RYCKX |
Often Compared With RYKIX
Investors most often compare RYKIX with FSPCX, RPFGX, FIDAX. These 19 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare RYKIX with Any Fund or Stock
Compare RYKIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RYKIX with funds that move differently
Rydex Banking Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RYKIX.
Explore RYKIX Diversifiers