- ISIN
- US78355E6436
- CUSIP
- 78355E643
- Issuer
- Rydex Funds
- Inception Date
- Feb 20, 2004
- Category
- Small Cap Value Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
RYMMX Performance Chart
Rydex S&P MidCap 400 Pure Value Fund (RYMMX) is up 11.1% since the beginning of the year. RYMMX is currently trading at $68 per share. Investors who bought $1,000 worth of RYMMX shares 5 years ago would now be looking at an investment worth $1,550.
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Returns By Period
Rydex S&P MidCap 400 Pure Value Fund (RYMMX) has returned 11.14% so far this year and 19.57% over the past 12 months. Over the last ten years, RYMMX has returned 9.62% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Rydex S&P MidCap 400 Pure Value Fund
- 1D
- 0.24%
- 1M
- 2.74%
- YTD
- 11.14%
- 6M
- 9.14%
- 1Y
- 19.57%
- 3Y*
- 11.66%
- 5Y*
- 9.16%
- 10Y*
- 9.62%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
RYMMX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2005, RYMMX's average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, an investment would double in approximately 7.2 years.
Historically, 59% of months were positive and 41% were negative. The best month was Apr 2009 with a return of +31.9%, while the worst month was Mar 2020 at -31.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, RYMMX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +12.4%, while the worst single day was Mar 18, 2020 at -13.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.48% | 0.96% | -3.49% | 7.94% | -0.07% | 1.22% | 11.14% | ||||||
| 2025 | 4.29% | -5.00% | -5.28% | -4.65% | 6.48% | 4.52% | 1.52% | 4.97% | -0.49% | -2.11% | 3.39% | -1.66% | 5.11% |
| 2024 | -4.66% | 0.64% | 6.75% | -7.56% | 5.01% | -3.46% | 6.35% | -1.39% | 0.77% | -0.58% | 10.26% | -6.92% | 3.49% |
| 2023 | 15.49% | -3.80% | -6.92% | -0.76% | -2.73% | 13.47% | 5.23% | -4.05% | -5.76% | -5.57% | 11.19% | 12.04% | 26.78% |
| 2022 | -2.30% | 0.19% | 1.28% | -6.38% | 3.99% | -10.52% | 7.61% | -2.17% | -9.26% | 14.51% | 6.90% | -6.98% | -6.06% |
| 2021 | 1.79% | 9.93% | 8.90% | 3.69% | 3.34% | -4.77% | -0.02% | 2.59% | -3.62% | 2.76% | -2.64% | 5.75% | 30.05% |
Benchmark Metrics
Rydex S&P MidCap 400 Pure Value Fund has an annualized alpha of -2.06%, beta of 1.18, and R2 of 0.74 versus S&P 500 Index. Calculated based on daily prices since January 03, 2005.
- This fund participated in 128.56% of S&P 500 Index downside but only 122.75% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -2.06% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -2.06%
- Beta
- 1.18
- R²
- 0.74
- Upside Capture
- 122.75%
- Downside Capture
- 128.56%
Expense Ratio
RYMMX has a high expense ratio of 2.26%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RYMMX ranks 19 for risk / return — in the bottom 19% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Rydex S&P MidCap 400 Pure Value Fund (RYMMX) 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.
| RYMMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 2.78 | -1.21 |
| Martin ratioReturn relative to average drawdown | 4.52 | 12.44 | -7.92 |
Dividends
Dividend History
Rydex S&P MidCap 400 Pure Value Fund provided a 0.16% dividend yield over the last twelve months, with an annual payout of $0.11 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.11 | $0.11 | $4.78 | $0.29 | $8.61 | $4.13 | $0.02 | $0.00 | $1.50 | $0.98 | $0.10 | $0.11 |
Dividend yield | 0.16% | 0.18% | 8.21% | 0.48% | 17.90% | 6.82% | 0.05% | 0.00% | 3.84% | 1.94% | 0.22% | 0.30% |
Monthly Dividends
The table displays the monthly dividend distributions for Rydex S&P MidCap 400 Pure Value 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 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.78 | $4.78 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.29 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $8.61 | $8.61 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.13 | $4.13 |
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 S&P MidCap 400 Pure Value 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 S&P MidCap 400 Pure Value Fund was 73.49%, occurring on Mar 9, 2009. Recovery took 1049 trading sessions.
The current Rydex S&P MidCap 400 Pure Value Fund drawdown is 2.82%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -73.49%Mar 2009 | 1y 9mo | 4y 2mo | 5y 11moJun 2007 - May 2013 |
COVID crash2020 | -54.43%Mar 2020 | 2y 2mo | 9mo 19d | 2y 11moJan 2018 - Jan 2021 |
2016 bear market2016 | -28.67%Jan 2016 | 8mo 11d | 9mo 24d | 1y 6moMay 2015 - Nov 2016 |
2025 selloff2025 | -25.11%Apr 2025 | 4mo 13d | 5mo 6d | 9mo 19dNov 2024 - Sep 2025 |
Bear market2022 | -20.89%Sep 2022 | 8mo 15d | 3mo 15d | 12moJan 2022 - Jan 2023 |
Drawdown Indicators
| RYMMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.49% | -56.78% | -16.71% |
Max Drawdown (1Y)Largest decline over 1 year | -12.54% | -9.10% | -3.44% |
Max Drawdown (3Y)Largest decline over 3 years | -25.11% | -18.90% | -6.21% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | -25.43% | +0.32% |
Max Drawdown (10Y)Largest decline over 10 years | -54.43% | -33.92% | -20.51% |
Current DrawdownCurrent decline from peak | -2.82% | -1.80% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -11.96% | -10.71% | -1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 2.03% | +2.33% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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