Rydex Mid-Cap 1.5x Strategy Fund (RYMDX) belongs to the Leveraged Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with RYMDX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RYMDX
RYMDX charges 1.65% annually. There are 23 mutual funds in the Leveraged Equities category with lower expense ratios, going as low as 1.19%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 1.19% | — | Mar 2016 | RYMDX vs DXNLX | |
| Rydex Nova Fund | 1.23% | — | Jul 1993 | RYMDX vs RYNVX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy H | 1.27% | — | Nov 2014 | RYMDX vs RMQHX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fun... | 1.32% | — | Nov 2014 | RYMDX vs RMQAX | |
| Direxion Monthly Small Cap Bull 1.75X Fund | 1.35% | — | Feb 1999 | RYMDX vs DXRLX |
Best Risk-Adjusted Alternatives to RYMDX
RYMDX has a PortfoliosLab risk / return rank of 30. There are 24 mutual funds in the Leveraged Equities category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ProFunds UltraJapan Fund | 94 | — | Feb 2000 | RYMDX vs UJPIX | |
| ProFunds Biotechnology UltraSector Fund | 94 | — | Jun 2000 | RYMDX vs BIPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 92 | — | Jun 2000 | RYMDX vs PHPIX | |
| Rydex Japan 2x Strategy Fund | 78 | — | Feb 2008 | RYMDX vs RYJSX | |
| ProFunds Semiconductor UltraSector Fund Investor C... | 77 | — | Jun 2000 | RYMDX vs SMPIX |
Top Performing RYMDX Alternatives (YTD)
RYMDX is at 20.50% YTD. There are 20 mutual funds in the Leveraged Equities category with higher YTD returns, going as high as 79.44%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProFunds UltraJapan Fund | 79.44% | — | Feb 2000 | RYMDX vs UJPIX | |
| ProFunds Semiconductor UltraSector Fund Investor C... | 64.41% | — | Jun 2000 | RYMDX vs SMPIX | |
| Rydex Japan 2x Strategy Fund | 62.03% | — | Feb 2008 | RYMDX vs RYJSX | |
| ProFunds Biotechnology UltraSector Fund | 43.97% | — | Jun 2000 | RYMDX vs BIPIX | |
| ProFunds Technology UltraSector Fund | 41.97% | — | Jun 2000 | RYMDX vs TEPIX |
Lowest Volatility Alternatives to RYMDX
RYMDX has 23.75% 1-year volatility. There are 11 mutual funds in the Leveraged Equities category with lower 1-year volatility, going as low as 12.52%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProFunds Bull Investor Fund | 12.52% | — | Nov 1997 | RYMDX vs BLPIX | |
| Rydex Nova Fund | 18.81% | — | Jul 1993 | RYMDX vs RYNVX | |
| ProFunds Consumer Goods UltraSector Fund | 20.03% | — | Jan 2004 | RYMDX vs CNPIX | |
| Rydex Europe 1.25x Strategy Fund | 20.23% | — | May 2000 | RYMDX vs RYEUX | |
| Communication Services UltraSector ProFund | 20.63% | — | Jun 2000 | RYMDX vs WCPIX |
Lowest Drawdown Alternatives to RYMDX
RYMDX has a 1-year max drawdown of -13.50%. There are 2 mutual funds in the Leveraged Equities category with shallower 1-year drawdowns, going as shallow as -9.21%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProFunds Bull Investor Fund | -9.21% | — | Nov 1997 | RYMDX vs BLPIX | |
| ProFunds Real Estate UltraSector Fund | -12.68% | — | Jun 2000 | RYMDX vs REPIX | |
| Rydex Nova Fund | -13.84% | — | Jul 1993 | RYMDX vs RYNVX | |
| ProFunds Consumer Goods UltraSector Fund | -14.47% | — | Jan 2004 | RYMDX vs CNPIX | |
| ProFunds Utilities UltraSector Fund | -14.82% | — | Jul 2000 | RYMDX vs UTPIX |
Other Mutual Funds from Rydex Funds
The 10 most viewed Rydex Funds mutual funds shown here include RYSIX, RYVYX, RYTNX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Rydex Electronics Fund | Technology Equities | 93 | 77.01% | — | Mar 1998 | RYMDX vs RYSIX | |
| Rydex NASDAQ-100 2x Strategy Fund | Leveraged Equities | 45 | 32.74% | — | May 2000 | RYMDX vs RYVYX | |
| Rydex S&P 500 2x Strategy Fund | Leveraged Equities | 43 | 18.57% | — | May 2000 | RYMDX vs RYTNX | |
| Rydex Dow Jones Industrial Average Fund | Large Cap Value Equities | 41 | 9.55% | — | Dec 2015 | RYMDX vs RYDAX | |
| Rydex S&P 500 Pure Growth Fund | Large Cap Growth Equities | 45 | 29.02% | — | Feb 2004 | RYMDX vs RYGRX | |
| Rydex Precious Metals Fund | Precious Metals | 22 | -9.53% | — | Nov 1993 | RYMDX vs RYPMX | |
| Rydex Inverse S&P 500 Strategy Fund | Inverse Equities | 0 | -8.00% | — | Jan 1994 | RYMDX vs RYURX | |
| Rydex Technology Fund | Technology Equities | 67 | 30.25% | — | Apr 1998 | RYMDX vs RYTIX | |
| Rydex Inverse NASDAQ-100 Strategy Fund | Inverse Equities | 0 | -15.47% | — | Sep 1998 | RYMDX vs RYAIX | |
| Rydex S&P MidCap 400 Pure Growth Fund | Mid Cap Growth Equities | 32 | 15.83% | — | Feb 2004 | RYMDX vs RYCKX |
Often Compared With RYMDX
Investors most often compare RYMDX with UDPIX, UMPIX, RYCYX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare RYMDX with Any Fund or Stock
Compare RYMDX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RYMDX with funds that move differently
Rydex Mid-Cap 1.5x Strategy Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RYMDX.
Explore RYMDX Diversifiers