Rydex Precious Metals Fund (RYPMX)

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Rydex Precious Metals Fund (RYPMX) is up 5.0% since the beginning of the year. RYPMX is currently trading at $286 per share. Investors who bought $1,000 worth of RYPMX shares 5 years ago would now be looking at an investment worth $2,198.

Rydex Precious Metals Fund (RYPMX) has returned 4.98% so far this year and 76.41% over the past 12 months. Looking at the last ten years, RYPMX has achieved an annualized return of 14.43%, outperforming the S&P 500 Index benchmark, which averaged 13.33% per year.

Based on dividend-adjusted daily data since Jan 3, 1994, RYPMX's average daily return is +0.04%, while the average monthly return is +0.81%. At this rate, an investment would double in approximately 7.2 years.

Historically, 53% of months were positive and 47% were negative. The best month was Sep 1998 with a return of +52.3%, while the worst month was Oct 2008 at -39.7%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 6 months.

On a daily basis, RYPMX closed higher 49% of trading days. The best single day was Nov 21, 2008 with a return of +25.6%, while the worst single day was Oct 22, 2008 at -16.8%.

Rydex Precious Metals Fund has an annualized alpha of 5.49%, beta of 0.54, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since January 04, 1994.

• This fund participated in 83.14% of S&P 500 Index downside but only 59.55% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.54 may look defensive, but with R2 of 0.06 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 0.06 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.

RYPMX has a high expense ratio of 1.26%, indicating above-average management fees.

RYPMX ranks 33 for risk / return — below 33% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Rydex Precious Metals Fund (RYPMX) and compare them to S&P 500 Index.

Rydex Precious Metals Fund provided a 2.86% dividend yield over the last twelve months, with an annual payout of $8.19 per share.

The table displays the monthly dividend distributions for Rydex Precious Metals Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Rydex Precious Metals 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 Precious Metals Fund was 81.25%, occurring on Jan 19, 2016. Recovery took 2401 trading sessions.

The current Rydex Precious Metals Fund drawdown is 23.91%.

The chart below shows the rolling one-month volatility.