Rydex S&P 500 2x Strategy Fund (RYTNX)
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 derivative instruments. It will invest at least 80% of its net assets, plus any borrowings for investment purposes, in financial instruments with economic characteristics that should perform similarly to the securities of companies in the underlying index. The fund is non-diversified.
Fund Info
| ISIN | US7835544393 |
|---|---|
| CUSIP | 783554439 |
| Issuer | Rydex Funds |
| Inception Date | May 18, 2000 |
| Category | Leveraged Equities, Leveraged |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
RYTNX has a high expense ratio of 1.82%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Rydex S&P 500 2x Strategy 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 S&P 500 2x Strategy Fund had a return of 46.50% year-to-date (YTD) and 63.25% in the last 12 months. Over the past 10 years, Rydex S&P 500 2x Strategy Fund had an annualized return of 17.58%, outperforming the S&P 500 benchmark which had an annualized return of 11.31%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 46.50% | 24.72% |
| 1 month | 4.04% | 2.30% |
| 6 months | 21.78% | 12.31% |
| 1 year | 63.25% | 32.12% |
| 5 years (annualized) | 20.33% | 13.81% |
| 10 years (annualized) | 17.58% | 11.31% |
Monthly Returns
The table below presents the monthly returns of RYTNX, 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 | 2.55% | 10.08% | 5.79% | -8.78% | 9.37% | 6.57% | 1.52% | 3.82% | 3.53% | -2.54% | 46.50% | ||
| 2023 | 12.06% | -5.57% | 6.55% | 2.46% | 0.09% | 12.74% | 5.83% | -4.00% | -9.99% | -4.99% | 18.18% | 8.47% | 45.20% |
| 2022 | -10.52% | -6.44% | 6.90% | -17.32% | -0.68% | -16.69% | 18.48% | -8.70% | -18.35% | 15.62% | 10.26% | -11.97% | -39.32% |
| 2021 | -2.43% | 5.20% | 8.48% | 10.62% | 1.07% | 4.43% | 4.46% | 5.87% | -9.41% | 14.13% | -1.72% | 6.31% | 55.32% |
| 2020 | -0.52% | -16.39% | -29.17% | 25.25% | 9.06% | 2.98% | 11.24% | 14.53% | -8.07% | -5.80% | 22.47% | 6.70% | 19.46% |
| 2019 | 15.82% | 6.10% | 3.40% | 7.78% | -12.88% | 14.05% | 2.41% | -4.00% | 3.35% | 3.83% | 7.00% | 3.71% | 59.30% |
| 2018 | 11.32% | -8.02% | -5.66% | 0.19% | 4.40% | 0.81% | 7.11% | 6.12% | 0.80% | -14.01% | 3.45% | -18.18% | -15.06% |
| 2017 | 3.54% | 7.80% | -0.12% | 1.78% | 2.56% | 0.93% | 3.84% | 0.23% | 3.83% | 4.40% | 5.87% | -3.66% | 35.16% |
| 2016 | -10.22% | -0.80% | 13.64% | 0.46% | 3.30% | -0.03% | 7.24% | 0.00% | -0.37% | -3.88% | 7.17% | 3.47% | 19.57% |
| 2015 | -6.29% | 11.53% | -3.48% | 1.67% | 2.27% | -4.14% | 3.96% | -12.43% | -5.52% | 17.25% | 0.33% | -5.12% | -3.47% |
| 2014 | -7.17% | 9.01% | 1.42% | 1.18% | 4.44% | 3.95% | -3.03% | 7.89% | -3.02% | 4.34% | 5.39% | -3.08% | 21.90% |
| 2013 | 13.96% | 2.31% | 7.38% | 3.55% | 4.44% | -3.21% | 10.28% | -5.95% | 6.13% | 9.00% | 5.94% | 4.82% | 74.59% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of RYTNX is 75, placing it in the top 25% 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 S&P 500 2x Strategy Fund (RYTNX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Rydex S&P 500 2x Strategy Fund provided a 0.10% dividend yield over the last twelve months, with an annual payout of $0.34 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $0.34 | $0.34 |
Dividend yield | 0.10% | 0.14% |
Monthly Dividends
The table displays the monthly dividend distributions for Rydex S&P 500 2x Strategy 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 | $0.34 | $0.34 |
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 S&P 500 2x Strategy 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 500 2x Strategy Fund was 89.80%, occurring on Mar 9, 2009. Recovery took 1954 trading sessions.
The current Rydex S&P 500 2x Strategy Fund drawdown is 1.76%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -89.8% | Jul 18, 2000 | 2166 | Mar 9, 2009 | 1954 | Dec 9, 2016 | 4120 |
| -59.23% | Feb 20, 2020 | 23 | Mar 23, 2020 | 114 | Sep 2, 2020 | 137 |
| -47.01% | Jan 4, 2022 | 195 | Oct 12, 2022 | 351 | Mar 7, 2024 | 546 |
| -36.58% | Sep 21, 2018 | 65 | Dec 24, 2018 | 131 | Jul 3, 2019 | 196 |
| -19.94% | Jan 29, 2018 | 44 | Apr 2, 2018 | 103 | Aug 27, 2018 | 147 |
Volatility
Volatility Chart
The current Rydex S&P 500 2x Strategy Fund volatility is 7.60%, 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.