Rydex Inverse NASDAQ-100 2x Strategy Fund (RYVNX)
The investment seeks to provide investment results that match, before fees and expenses, 200% of the inverse (opposite) of the performance of the NASDAQ-100 Index® on a daily basis. The fund employs as its investment strategy a program of engaging in short sales of securities generally included in the underlying index and investing in 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 opposite to the securities of companies included in the underlying index. The fund is non-diversified.
Fund Info
| ISIN | US7835543973 |
|---|---|
| CUSIP | 783554397 |
| Issuer | Rydex Funds |
| Inception Date | May 22, 2000 |
| Category | Inverse Equities, Leveraged |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
RYVNX has a high expense ratio of 2.49%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: RYVNX vs. RYVYX, RYVNX vs. SPXL
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Rydex Inverse NASDAQ-100 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 Inverse NASDAQ-100 2x Strategy Fund had a return of -30.40% year-to-date (YTD) and -37.77% in the last 12 months. Over the past 10 years, Rydex Inverse NASDAQ-100 2x Strategy Fund had an annualized return of -35.70%, while the S&P 500 had an annualized return of 11.11%, indicating that Rydex Inverse NASDAQ-100 2x Strategy Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -30.40% | 23.08% |
| 1 month | -1.95% | 0.48% |
| 6 months | -16.89% | 10.70% |
| 1 year | -37.77% | 30.22% |
| 5 years (annualized) | -40.65% | 13.50% |
| 10 years (annualized) | -35.70% | 11.11% |
Monthly Returns
The table below presents the monthly returns of RYVNX, 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 | -3.06% | -9.57% | -1.80% | 9.66% | -10.84% | -10.79% | 3.18% | -2.53% | -5.13% | 2.13% | -30.40% | ||
| 2023 | -18.67% | 0.19% | -16.76% | -0.70% | -13.61% | -11.63% | -6.66% | 3.48% | 11.72% | 4.54% | -18.14% | -9.65% | -57.09% |
| 2022 | 16.80% | 7.12% | -10.85% | 29.42% | -1.26% | 16.73% | -22.38% | 9.76% | 22.99% | -9.56% | -12.88% | 20.22% | 65.14% |
| 2021 | -1.92% | -0.99% | -5.33% | -11.54% | 1.29% | -12.19% | -5.86% | -8.34% | 11.74% | -14.78% | -4.42% | -3.90% | -45.41% |
| 2020 | -5.95% | 10.83% | -4.83% | -28.15% | -12.48% | -13.23% | -14.55% | -19.79% | 8.75% | 4.36% | -20.18% | -9.88% | -69.71% |
| 2019 | -17.15% | -5.46% | -7.65% | -9.95% | 18.36% | -14.09% | -4.44% | 2.58% | -1.77% | -8.52% | -7.57% | -7.37% | -50.05% |
| 2018 | -15.66% | 0.54% | 7.21% | -1.70% | -10.52% | -2.33% | -5.44% | -10.79% | 0.59% | 17.97% | -1.45% | 17.18% | -9.71% |
| 2017 | -9.81% | -8.21% | -4.13% | -5.38% | -7.49% | 4.48% | -7.81% | -4.23% | 0.19% | -8.68% | -4.06% | -0.93% | -44.28% |
| 2016 | 12.90% | 1.89% | -12.79% | 6.01% | -8.78% | 3.67% | -13.14% | -2.30% | -4.94% | 2.86% | -1.42% | -2.48% | -19.77% |
| 2015 | 3.73% | -13.35% | 4.20% | -4.19% | -4.96% | 4.49% | -8.97% | 12.00% | 2.83% | -20.01% | -1.69% | 1.71% | -25.28% |
| 2014 | 3.56% | -10.21% | 4.85% | -0.42% | -8.89% | -6.03% | -2.75% | -9.70% | 1.00% | -6.33% | -8.74% | 4.03% | -34.44% |
| 2013 | -9.55% | -1.42% | -6.14% | -5.64% | -6.93% | 4.23% | -11.76% | 0.00% | -9.05% | -9.77% | -7.16% | -6.25% | -51.72% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RYVNX is 0, indicating that it is in the bottom 0% 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 Inverse NASDAQ-100 2x Strategy Fund (RYVNX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Rydex Inverse NASDAQ-100 2x Strategy Fund provided a 6.55% dividend yield over the last twelve months, with an annual payout of $0.95 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.95 | $0.95 | $0.00 | $0.00 | $0.14 | $0.05 |
Dividend yield | 6.55% | 4.56% | 0.00% | 0.00% | 0.25% | 0.03% |
Monthly Dividends
The table displays the monthly dividend distributions for Rydex Inverse NASDAQ-100 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.95 | $0.95 |
| 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 | $0.14 | $0.14 |
| 2019 | $0.05 | $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 Inverse NASDAQ-100 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 Inverse NASDAQ-100 2x Strategy Fund was 99.98%, occurring on Nov 8, 2024. The portfolio has not yet recovered.
The current Rydex Inverse NASDAQ-100 2x Strategy Fund drawdown is 99.98%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -99.98% | Oct 8, 2002 | 5556 | Nov 8, 2024 | — | — | — |
| -62.3% | Apr 5, 2001 | 32 | May 21, 2001 | 81 | Sep 21, 2001 | 113 |
| -61.74% | Sep 24, 2001 | 52 | Dec 5, 2001 | 156 | Jul 23, 2002 | 208 |
| -48.56% | Jan 3, 2001 | 14 | Jan 23, 2001 | 27 | Mar 2, 2001 | 41 |
| -35.5% | Aug 6, 2002 | 13 | Aug 22, 2002 | 30 | Oct 4, 2002 | 43 |
Volatility
Volatility Chart
The current Rydex Inverse NASDAQ-100 2x Strategy Fund volatility is 11.25%, 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.