- ISIN
- US78356A3014
- CUSIP
- 78356A301
- Issuer
- Rydex Funds
- Inception Date
- May 24, 2005
- Category
- Commodities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Commodity
Share Price Chart
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Performance
RYMEX Performance Chart
Rydex Commodities Strategy Fund (RYMEX) is up 36.9% since the beginning of the year. RYMEX is currently trading at $210 per share. Investors who bought $1,000 worth of RYMEX shares 5 years ago would now be looking at an investment worth $1,890.
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Returns By Period
Rydex Commodities Strategy Fund (RYMEX) has returned 36.88% so far this year and 40.17% over the past 12 months. Over the last ten years, RYMEX has returned 8.56% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Rydex Commodities Strategy Fund
- 1D
- -0.70%
- 1M
- 12.31%
- 6M
- 24.02%
- YTD
- 36.88%
- 1Y
- 40.17%
- 3Y*
- 12.97%
- 5Y*
- 13.58%
- 10Y*
- 8.56%
- ALL TIME*
- -3.27%
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%
RYMEX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2006, RYMEX's average daily return is 0.00%, while the average monthly return is -0.04%.
Historically, 53% of months were positive and 47% were negative. The best month was Mar 2026 with a return of +23.2%, while the worst month was Mar 2020 at -31.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 10 months.
On a daily basis, RYMEX closed higher 51% of trading days. The best single day was Nov 24, 2008 with a return of +7.7%, while the worst single day was Mar 9, 2020 at -12.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.37% | 1.84% | 23.23% | 6.78% | -7.70% | -10.07% | 11.50% | 36.88% | |||||
| 2025 | 3.09% | -1.49% | 2.45% | -8.90% | 1.69% | 4.15% | 3.36% | -0.24% | 0.81% | 1.09% | 0.31% | -1.05% | 4.70% |
| 2024 | 4.57% | 0.55% | 4.65% | 0.72% | -1.49% | 1.02% | -2.90% | -2.39% | -0.07% | 1.38% | -0.68% | 2.91% | 8.24% |
| 2023 | -0.19% | -4.35% | -1.11% | -1.02% | -7.32% | 5.45% | 10.59% | 0.35% | 3.68% | -4.25% | -4.12% | -2.70% | -6.14% |
| 2022 | 11.43% | 8.62% | 9.36% | 4.27% | 5.71% | -7.90% | -0.70% | -2.86% | -7.72% | 6.08% | -1.41% | -1.06% | 23.72% |
| 2021 | 4.79% | 10.36% | -2.05% | 8.09% | 2.53% | 4.54% | 0.97% | -2.17% | 6.01% | 5.64% | -10.74% | 7.28% | 39.03% |
Benchmark Metrics
Rydex Commodities Strategy Fund has an annualized alpha of -5.05%, beta of 0.44, and R2 of 0.13 versus S&P 500 Index. Calculated based on daily prices since January 03, 2006.
- This fund participated in 84.32% of S&P 500 Index downside but only 34.93% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.44 may look defensive, but with R2 of 0.13 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 0.13 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
- -5.05%
- Beta
- 0.44
- R²
- 0.13
- Upside Capture
- 34.93%
- Downside Capture
- 84.32%
Expense Ratio
RYMEX has a high expense ratio of 1.60%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RYMEX ranks 47 for risk / return — above 47% 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 Commodities Strategy Fund (RYMEX) 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.
| RYMEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 2.00 | -0.03 |
| Martin ratioReturn relative to average drawdown | 6.26 | 8.49 | -2.23 |
Dividends
Dividend History
Rydex Commodities Strategy Fund provided a 1.74% dividend yield over the last twelve months, with an annual payout of $3.66 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.66 | $3.66 | $0.00 | $6.92 | $26.68 | $4.39 | $120.06 | $2.26 | $117.82 | $6.60 |
Dividend yield | 1.74% | 2.38% | 0.00% | 4.98% | 17.15% | 2.97% | 109.50% | 0.74% | 44.23% | 1.49% |
Monthly Dividends
The table displays the monthly dividend distributions for Rydex Commodities 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 | $3.66 | $3.66 |
| 2024 | $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 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.92 | $6.92 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $26.68 | $26.68 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.39 | $4.39 |
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 Commodities 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 Commodities Strategy Fund was 91.81%, occurring on Apr 27, 2020. The portfolio has not yet recovered.
The current Rydex Commodities Strategy Fund drawdown is 66.55%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-91.81%Apr 2020 | 11y 9mo | — | 18y 1moJul 2008 - now | COVID crash2020 |
-32.83%Jan 2007 | 8mo 29d | 11mo 19d | 1y 8moApr 2006 - Jan 2008 | — |
-13.52%Feb 2006 | 15d | 2mo 1d | 2mo 16dJan 2006 - Apr 2006 | — |
-8.79%Mar 2008 | 5d | 27d | 1mo 2dMar 2008 - Apr 2008 | Financial crisis2007–2009 |
-7.86%Jan 2008 | 20d | 22d | 1mo 12dJan 2008 - Feb 2008 | Financial crisis2007–2009 |
Drawdown Indicators
| RYMEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.81% | -56.78% | -35.03% |
Max Drawdown (1Y)Largest decline over 1 year | -18.68% | -9.10% | -9.58% |
Max Drawdown (3Y)Largest decline over 3 years | -18.68% | -18.90% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -30.45% | -25.43% | -5.02% |
Max Drawdown (10Y)Largest decline over 10 years | -59.20% | -33.92% | -25.28% |
Current DrawdownCurrent decline from peak | -66.55% | -1.58% | -64.97% |
Average DrawdownAverage peak-to-trough decline | -66.07% | -10.70% | -55.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.92% | 2.14% | +3.78% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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