- ISIN
- US7835544393
- CUSIP
- 783554439
- Issuer
- Rydex Funds
- Inception Date
- May 18, 2000
- Category
- Leveraged Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
RYTNX Performance Chart
Rydex S&P 500 2x Strategy Fund (RYTNX) is up 15.8% since the beginning of the year. RYTNX is currently trading at $446 per share. Investors who bought $1,000 worth of RYTNX shares 5 years ago would now be looking at an investment worth $2,221.
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Returns By Period
Rydex S&P 500 2x Strategy Fund (RYTNX) has returned 15.80% so far this year and 44.81% over the past 12 months. Looking at the last ten years, RYTNX has achieved an annualized return of 23.22%, outperforming the S&P 500 Index benchmark, which averaged 13.71% per year.
Rydex S&P 500 2x Strategy Fund
- 1D
- -0.75%
- 1M
- -0.47%
- YTD
- 15.80%
- 6M
- 13.53%
- 1Y
- 44.81%
- 3Y*
- 33.72%
- 5Y*
- 17.30%
- 10Y*
- 23.22%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
RYTNX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2001, RYTNX's average daily return is +0.07%, while the average monthly return is +1.17%. At this rate, an investment would double in approximately 5.0 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +25.3%, while the worst month was Oct 2008 at -35.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, RYTNX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +23.4%, while the worst single day was Mar 16, 2020 at -23.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.28% | -2.20% | -10.50% | 21.30% | 10.13% | -3.18% | 15.80% | ||||||
| 2025 | 4.79% | -3.21% | -11.79% | -3.80% | 12.03% | 9.69% | 3.88% | 3.34% | 6.72% | 3.95% | -0.25% | -0.62% | 24.88% |
| 2024 | 2.55% | 10.08% | 5.79% | -8.78% | 9.37% | 6.57% | 1.52% | 3.82% | 3.53% | -2.54% | 11.31% | -5.58% | 41.95% |
| 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% | 6.47% | 55.55% |
Benchmark Metrics
Rydex S&P 500 2x Strategy Fund has an annualized alpha of -0.74%, beta of 2.00, and R2 of 0.99 versus S&P 500 Index. Calculated based on daily prices since January 02, 2001.
- This fund captured 233.17% of S&P 500 Index gains and 170.33% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- Beta of 2.00 means this fund moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -0.74%
- Beta
- 2.00
- R²
- 0.99
- Upside Capture
- 233.17%
- Downside Capture
- 170.33%
Expense Ratio
RYTNX has a high expense ratio of 1.82%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RYTNX ranks 49 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Rydex S&P 500 2x Strategy Fund (RYTNX) 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.
| RYTNX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.32 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 2.46 | +0.14 |
| Martin ratioReturn relative to average drawdown | 11.03 | 10.92 | +0.11 |
Dividends
Dividend History
Rydex S&P 500 2x Strategy Fund provided a 4.14% dividend yield over the last twelve months, with an annual payout of $18.47 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $18.47 | $18.47 | $17.62 | $0.34 | $0.00 | $0.38 | $1.22 | $2.69 | $0.00 | $6.33 | $0.13 | $1.02 |
Dividend yield | 4.14% | 4.79% | 5.45% | 0.14% | 0.00% | 0.14% | 0.69% | 1.84% | 0.00% | 5.84% | 0.16% | 1.52% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $18.47 | $18.47 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $17.62 | $17.62 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
| 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 | $0.38 | $0.38 |
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 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 86.64%, occurring on Mar 9, 2009. Recovery took 1316 trading sessions.
The current Rydex S&P 500 2x Strategy Fund drawdown is 3.91%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -86.64%Mar 2009 | 8y 1mo | 5y 2mo | 13y 4moJan 2001 - May 2014 |
COVID crash2020 | -59.23%Mar 2020 | 1mo 2d | 5mo 13d | 6mo 15dFeb 2020 - Sep 2020 |
Bear market2022 | -47.01%Oct 2022 | 9mo 11d | 1y 4mo | 2y 2moJan 2022 - Mar 2024 |
Rate-hike selloffLate 2018 | -36.58%Dec 2018 | 3mo 4d | 6mo 11d | 9mo 15dSep 2018 - Jul 2019 |
2025 selloff2025 | -35.36%Apr 2025 | 1mo 17d | 2mo 26d | 4mo 13dFeb 2025 - Jul 2025 |
Drawdown Indicators
| RYTNX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.64% | -56.78% | -29.86% |
Max Drawdown (1Y)Largest decline over 1 year | -18.43% | -9.10% | -9.33% |
Max Drawdown (3Y)Largest decline over 3 years | -35.36% | -18.90% | -16.46% |
Max Drawdown (5Y)Largest decline over 5 years | -47.01% | -25.43% | -21.58% |
Max Drawdown (10Y)Largest decline over 10 years | -59.23% | -33.92% | -25.31% |
Current DrawdownCurrent decline from peak | -3.91% | -3.21% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -28.49% | -10.71% | -17.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.33% | 2.04% | +2.29% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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