Rydex Telecommunications Fund (RYMIX)
The fund invests substantially all (at least 80%) of its net assets in equity securities of Telecommunications 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 Telecommunications Companies that have small to mid-sized capitalizations. The fund also may purchase American Depositary Receipts ("ADRs") to gain exposure to foreign Telecommunications Companies and U.S. government securities. It is non-diversified.
Fund Info
| ISIN | US7835545952 |
|---|---|
| CUSIP | 783554595 |
| Issuer | Rydex Funds |
| Inception Date | Mar 31, 1998 |
| Category | Communications Equities |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Value |
Expense Ratio
RYMIX has a high expense ratio of 1.36%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Rydex Telecommunications 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 Telecommunications Fund had a return of 10.71% year-to-date (YTD) and 14.57% in the last 12 months. Over the past 10 years, Rydex Telecommunications Fund had an annualized return of 2.48%, while the S&P 500 had an annualized return of 10.92%, indicating that Rydex Telecommunications Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 10.71% | 17.95% |
| 1 month | 6.78% | 3.13% |
| 6 months | 15.27% | 9.95% |
| 1 year | 14.57% | 24.88% |
| 5 years (annualized) | 1.09% | 13.37% |
| 10 years (annualized) | 2.48% | 10.92% |
Monthly Returns
The table below presents the monthly returns of RYMIX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.64% | -4.20% | 0.69% | -6.30% | 6.04% | 0.55% | 7.73% | 2.49% | 10.71% | ||||
| 2023 | 8.49% | -4.53% | 1.70% | -2.95% | -4.12% | 4.58% | -0.50% | 2.58% | -5.58% | -3.38% | 6.24% | 4.97% | 6.45% |
| 2022 | -6.64% | -2.27% | 0.85% | -10.95% | 4.34% | -6.84% | 3.33% | -3.29% | -13.13% | 11.55% | 2.91% | -6.31% | -25.64% |
| 2021 | 0.98% | -0.33% | 4.61% | 2.91% | 2.41% | 1.02% | 0.32% | 1.49% | -5.80% | -1.99% | -2.69% | 6.73% | 9.42% |
| 2020 | -1.74% | -2.86% | -8.42% | 8.75% | 4.60% | -1.36% | 4.73% | -0.45% | -6.18% | -2.28% | 13.90% | 3.05% | 10.04% |
| 2019 | 6.46% | 4.82% | -0.48% | 2.07% | -6.91% | 5.31% | 2.91% | -5.11% | 2.59% | 1.07% | -0.81% | 1.62% | 13.43% |
| 2018 | 3.56% | -2.51% | -1.22% | 0.19% | -1.32% | 2.23% | -0.00% | 7.22% | 0.77% | -6.15% | 1.76% | -8.91% | -5.25% |
| 2017 | 0.17% | 1.74% | 0.21% | -0.67% | 0.04% | -1.36% | 2.04% | 0.00% | -0.35% | -1.26% | 4.77% | 0.46% | 5.79% |
| 2016 | -5.03% | 4.78% | 5.82% | -1.49% | 1.35% | 2.47% | 5.65% | -0.45% | 2.06% | -2.72% | 1.90% | 2.76% | 17.79% |
| 2015 | -2.63% | 7.93% | -4.37% | 2.77% | 0.26% | -3.77% | 0.42% | -4.67% | -4.88% | 7.49% | -3.23% | -1.38% | -6.92% |
| 2014 | -3.24% | 2.37% | 1.29% | -1.36% | 3.59% | 1.29% | -0.64% | 1.67% | -1.62% | 1.03% | 1.71% | -3.08% | 2.77% |
| 2013 | 4.13% | -1.39% | 1.12% | 2.43% | -1.51% | -0.29% | 2.41% | -2.36% | 3.58% | 3.18% | -0.32% | 5.22% | 17.06% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RYMIX is 13, indicating that it is in the bottom 13% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Rydex Telecommunications Fund (RYMIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Rydex Telecommunications Fund granted a 1.40% dividend yield in the last twelve months. The annual payout for that period amounted to $0.69 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.69 | $0.69 | $0.60 | $0.24 | $1.15 | $1.76 | $0.12 | $1.89 | $1.00 | $1.45 | $1.30 | $0.57 |
Dividend yield | 1.40% | 1.55% | 1.42% | 0.42% | 2.16% | 3.56% | 0.26% | 3.95% | 2.13% | 3.57% | 2.87% | 1.27% |
Monthly Dividends
The table displays the monthly dividend distributions for Rydex Telecommunications 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $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 | $0.69 | $0.69 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $0.60 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.15 | $1.15 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.76 | $1.76 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.89 | $1.89 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.00 | $0.00 | $1.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.45 | $0.00 | $1.45 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.30 | $0.00 | $1.30 |
| 2013 | $0.57 | $0.00 | $0.57 |
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 Telecommunications 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 Telecommunications Fund was 90.81%, occurring on Sep 7, 1998. Recovery took 57 trading sessions.
The current Rydex Telecommunications Fund drawdown is 60.33%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -90.81% | Jul 21, 1998 | 35 | Sep 7, 1998 | 57 | Nov 25, 1998 | 92 |
| -89.99% | Jul 19, 1999 | 36 | Sep 6, 1999 | 39 | Oct 29, 1999 | 75 |
| -89.6% | Jan 21, 1999 | 18 | Feb 15, 1999 | 36 | Apr 6, 1999 | 54 |
| -89.37% | May 14, 1999 | 12 | May 31, 1999 | 7 | Jun 9, 1999 | 19 |
| -89.14% | Jan 7, 1999 | 8 | Jan 18, 1999 | 1 | Jan 19, 1999 | 9 |
Volatility
Volatility Chart
The current Rydex Telecommunications Fund volatility is 3.84%, 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.