Rydex Nova Fund (RYNVX) 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 RYNVX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RYNVX
RYNVX charges 1.23% annually. There is 1 mutual fund in the Leveraged Equities category with a lower expense ratio, going as low as 1.19%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 1.19% | — | Mar 2016 | RYNVX vs DXNLX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy H | 1.27% | — | Nov 2014 | RYNVX vs RMQHX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fun... | 1.32% | — | Nov 2014 | RYNVX vs RMQAX | |
| Direxion Monthly S&P 500 Bull 1.75X Fund | 1.35% | — | May 2006 | RYNVX vs DXSLX | |
| Direxion Monthly Small Cap Bull 1.75X Fund | 1.35% | — | Feb 1999 | RYNVX vs DXRLX |
Best Risk-Adjusted Alternatives to RYNVX
RYNVX has a PortfoliosLab risk / return rank of 47. There are 12 mutual funds in the Leveraged Equities category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ProFunds UltraJapan Fund | 93 | — | Feb 2000 | RYNVX vs UJPIX | |
| ProFunds Biotechnology UltraSector Fund | 93 | — | Jun 2000 | RYNVX vs BIPIX | |
| ProFunds Pharmaceuticals UltraSector Fund | 90 | — | Jun 2000 | RYNVX vs PHPIX | |
| ProFunds UltraLatin America Fund | 81 | — | Oct 2007 | RYNVX vs UBPIX | |
| ProFunds Semiconductor UltraSector Fund Investor C... | 77 | — | Jun 2000 | RYNVX vs SMPIX |
Top Performing RYNVX Alternatives (YTD)
RYNVX is at 13.98% YTD. There are 30 mutual funds in the Leveraged Equities category with higher YTD returns, going as high as 73.77%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProFunds UltraJapan Fund | 73.77% | — | Feb 2000 | RYNVX vs UJPIX | |
| ProFunds Semiconductor UltraSector Fund Investor C... | 61.85% | — | Jun 2000 | RYNVX vs SMPIX | |
| Rydex Japan 2x Strategy Fund | 55.76% | — | Feb 2008 | RYNVX vs RYJSX | |
| ProFunds UltraSector Oil & Gas Fund | 41.81% | — | Jun 2000 | RYNVX vs ENPIX | |
| ProFunds Technology UltraSector Fund | 39.34% | — | Jun 2000 | RYNVX vs TEPIX |
Lowest Volatility Alternatives to RYNVX
RYNVX has 18.84% 1-year volatility. There is 1 mutual fund in the Leveraged Equities category with lower 1-year volatility, going as low as 12.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProFunds Bull Investor Fund | 12.54% | — | Nov 1997 | RYNVX vs BLPIX | |
| ProFunds Consumer Goods UltraSector Fund | 20.15% | — | Jan 2004 | RYNVX vs CNPIX | |
| Rydex Europe 1.25x Strategy Fund | 20.22% | — | May 2000 | RYNVX vs RYEUX | |
| Communication Services UltraSector ProFund | 20.59% | — | Jun 2000 | RYNVX vs WCPIX | |
| ProFunds Real Estate UltraSector Fund | 21.68% | — | Jun 2000 | RYNVX vs REPIX |
Lowest Drawdown Alternatives to RYNVX
RYNVX has a 1-year max drawdown of -13.84%. There are 3 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 | RYNVX vs BLPIX | |
| ProFunds Real Estate UltraSector Fund | -12.68% | — | Jun 2000 | RYNVX vs REPIX | |
| Rydex Mid-Cap 1.5x Strategy Fund | -13.50% | — | Aug 2001 | RYNVX vs RYMDX | |
| ProFunds Consumer Goods UltraSector Fund | -14.47% | — | Jan 2004 | RYNVX vs CNPIX | |
| ProFunds Utilities UltraSector Fund | -14.82% | — | Jul 2000 | RYNVX 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 | 92 | 73.81% | — | Mar 1998 | RYNVX vs RYSIX | |
| Rydex NASDAQ-100 2x Strategy Fund | Leveraged Equities | 42 | 30.51% | — | May 2000 | RYNVX vs RYVYX | |
| Rydex S&P 500 2x Strategy Fund | Leveraged Equities | 43 | 17.54% | — | May 2000 | RYNVX vs RYTNX | |
| Rydex Dow Jones Industrial Average Fund | Large Cap Value Equities | 43 | 9.27% | — | Dec 2015 | RYNVX vs RYDAX | |
| Rydex S&P 500 Pure Growth Fund | Large Cap Growth Equities | 39 | 26.94% | — | Feb 2004 | RYNVX vs RYGRX | |
| Rydex Precious Metals Fund | Precious Metals | 20 | -10.49% | — | Nov 1993 | RYNVX vs RYPMX | |
| Rydex Inverse S&P 500 Strategy Fund | Inverse Equities | 0 | -7.60% | — | Jan 1994 | RYNVX vs RYURX | |
| Rydex Inverse NASDAQ-100 Strategy Fund | Inverse Equities | 0 | -14.79% | — | Sep 1998 | RYNVX vs RYAIX | |
| Rydex Technology Fund | Technology Equities | 66 | 28.74% | — | Apr 1998 | RYNVX vs RYTIX | |
| Rydex S&P MidCap 400 Pure Growth Fund | Mid Cap Growth Equities | 30 | 14.83% | — | Feb 2004 | RYNVX vs RYCKX |
Often Compared With RYNVX
Investors most often compare RYNVX with ULPIX, VOO, FSELX. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare RYNVX with Any Fund or Stock
Compare RYNVX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RYNVX with funds that move differently
Rydex Nova Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RYNVX.
Explore RYNVX Diversifiers