Rydex Nova Fund (RYNVX)
The investment seeks to provide investment results that match, before fees and expenses, 150% of the performance of the S&P 500 Index on a daily basis. The fund employs as its investment strategy a program of investing in the common stock of companies that are generally within the capitalization range of the underlying index and leveraged derivative instruments, which primarily consist of equity index swaps and swaps on exchange-traded funds ("ETFs"), futures contracts, and options on securities, futures contracts, and stock indices.
Fund Info
| ISIN | US7835541084 |
|---|---|
| CUSIP | 783554108 |
| Issuer | Rydex Funds |
| Inception Date | Jul 11, 1993 |
| Category | Leveraged Equities, Leveraged |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
RYNVX has a high expense ratio of 1.23%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: RYNVX vs. ULPIX, RYNVX vs. VOO, RYNVX vs. FSELX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Rydex Nova 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 Nova Fund had a return of 35.91% year-to-date (YTD) and 47.82% in the last 12 months. Over the past 10 years, Rydex Nova Fund had an annualized return of 12.29%, outperforming the S&P 500 benchmark which had an annualized return of 11.31%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 35.91% | 24.72% |
| 1 month | 3.20% | 2.30% |
| 6 months | 17.25% | 12.31% |
| 1 year | 47.82% | 32.12% |
| 5 years (annualized) | 11.64% | 13.81% |
| 10 years (annualized) | 12.29% | 11.31% |
Monthly Returns
The table below presents the monthly returns of RYNVX, 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 | 2.13% | 7.62% | 4.53% | -6.46% | 7.18% | 5.06% | 1.38% | 3.12% | 2.79% | -1.76% | 35.91% | ||
| 2023 | 9.28% | -4.00% | 5.05% | 2.02% | 0.19% | 9.59% | 4.50% | -2.80% | -7.44% | -3.63% | 13.60% | 6.49% | 35.31% |
| 2022 | -7.94% | -4.84% | 5.11% | -13.10% | -0.34% | -12.75% | 13.79% | -6.42% | -14.09% | 11.73% | 7.98% | -25.42% | -42.73% |
| 2021 | -1.71% | 3.98% | 6.39% | 7.92% | 0.87% | 3.35% | 3.40% | 4.43% | -7.07% | 10.46% | -1.22% | -2.57% | 30.50% |
| 2020 | -0.29% | -12.36% | -21.83% | 19.46% | 6.96% | 2.61% | 8.49% | 10.80% | -5.83% | -4.18% | 16.69% | 5.57% | 19.64% |
| 2019 | 11.82% | 4.61% | 2.66% | 5.87% | -9.68% | 10.47% | 1.90% | -2.79% | 2.58% | 2.92% | 5.27% | 4.25% | 45.58% |
| 2018 | 8.39% | -5.90% | -4.22% | 0.32% | 3.35% | 0.68% | 5.37% | 4.61% | 0.61% | -10.51% | 2.79% | -13.70% | -10.24% |
| 2017 | 2.62% | 5.86% | -0.10% | 1.38% | 1.90% | 0.68% | 2.94% | 0.23% | 2.93% | 3.31% | 4.39% | -0.47% | 28.66% |
| 2016 | -7.80% | -0.56% | 10.17% | 0.45% | 2.49% | 0.10% | 5.45% | 0.06% | -0.21% | -2.89% | 4.09% | 2.78% | 13.87% |
| 2015 | -4.60% | 8.57% | -2.51% | 1.29% | 1.74% | -3.02% | 3.00% | -9.36% | -3.97% | 12.74% | 0.30% | -2.64% | -0.39% |
| 2014 | -5.36% | 6.79% | 1.10% | 0.95% | 3.36% | 3.00% | -2.25% | 5.89% | -2.24% | 3.36% | 4.01% | -0.59% | 18.76% |
| 2013 | 7.73% | 1.88% | 5.53% | 2.68% | 3.34% | -2.38% | 7.68% | -4.53% | 4.63% | 6.75% | 4.43% | 3.62% | 49.08% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RYNVX is 74, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Rydex Nova Fund (RYNVX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Rydex Nova Fund provided a 0.44% dividend yield over the last twelve months, with an annual payout of $0.66 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.66 | $0.66 | $0.00 | $0.00 | $0.59 | $0.00 | $0.00 | $0.02 | $0.02 | $0.06 | $0.05 |
Dividend yield | 0.44% | 0.59% | 0.00% | 0.00% | 0.53% | 0.00% | 0.00% | 0.03% | 0.04% | 0.13% | 0.10% |
Monthly Dividends
The table displays the monthly dividend distributions for Rydex Nova 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 | $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 | $0.66 | $0.66 |
| 2022 | $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 |
| 2021 | $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 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 | $0.59 |
| 2019 | $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 |
| 2018 | $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 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.02 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.06 |
| 2014 | $0.05 | $0.00 | $0.05 |
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 Nova 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 Nova Fund was 76.54%, occurring on Mar 9, 2009. Recovery took 1164 trading sessions.
The current Rydex Nova Fund drawdown is 1.89%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -76.54% | Mar 27, 2000 | 2243 | Mar 9, 2009 | 1164 | Oct 22, 2013 | 3407 |
| -48.58% | Feb 20, 2020 | 23 | Mar 23, 2020 | 111 | Aug 28, 2020 | 134 |
| -47.8% | Nov 19, 2021 | 278 | Dec 28, 2022 | — | — | — |
| -28.61% | Jul 20, 1998 | 59 | Oct 8, 1998 | 54 | Dec 23, 1998 | 113 |
| -28.52% | Sep 21, 2018 | 65 | Dec 24, 2018 | 122 | Jun 20, 2019 | 187 |
Volatility
Volatility Chart
The current Rydex Nova Fund volatility is 5.67%, 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.