Rydex NASDAQ-100 2x Strategy Fund (RYVYX)
The investment seeks to provide investment results that match, before fees and expenses, 200% of the performance of the NASDAQ-100 Index® on a daily basis. 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 | US7835544138 |
|---|---|
| CUSIP | 783554413 |
| Issuer | Rydex Funds |
| Inception Date | May 23, 2000 |
| Category | Leveraged Equities, Leveraged |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
RYVYX has a high expense ratio of 1.87%, 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 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 NASDAQ-100 2x Strategy Fund had a return of 41.95% year-to-date (YTD) and 59.17% in the last 12 months. Over the past 10 years, Rydex NASDAQ-100 2x Strategy Fund had an annualized return of 23.08%, outperforming the S&P 500 benchmark which had an annualized return of 11.31%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 41.95% | 24.72% |
| 1 month | 6.64% | 2.30% |
| 6 months | 20.66% | 12.31% |
| 1 year | 59.17% | 32.12% |
| 5 years (annualized) | 25.85% | 13.81% |
| 10 years (annualized) | 23.08% | 11.31% |
Monthly Returns
The table below presents the monthly returns of RYVYX, 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 | 2.89% | 10.15% | 1.65% | -9.54% | 12.30% | 12.11% | -4.32% | 1.10% | 4.20% | -2.46% | 41.95% | ||
| 2023 | 21.29% | -1.77% | 18.78% | 0.30% | 15.04% | 12.47% | 7.01% | -3.92% | -10.54% | -4.97% | 21.78% | 10.58% | 116.15% |
| 2022 | -17.05% | -9.77% | 7.62% | -25.89% | -4.75% | -18.27% | 25.60% | -10.88% | -20.96% | 6.70% | 9.75% | -18.12% | -60.57% |
| 2021 | 0.06% | -0.62% | 1.99% | 11.73% | -2.83% | 12.81% | 5.40% | 8.36% | -11.41% | 16.05% | 3.39% | -3.95% | 44.83% |
| 2020 | 5.54% | -12.04% | -20.74% | 30.58% | 12.34% | 12.23% | 14.68% | 22.92% | -12.12% | -7.02% | 22.59% | 0.74% | 72.31% |
| 2019 | 18.04% | 5.49% | 7.58% | 10.79% | -16.50% | 15.26% | 4.22% | -4.69% | 1.14% | 8.32% | 7.97% | 2.17% | 71.49% |
| 2018 | 17.62% | -3.41% | -8.62% | 0.06% | 11.18% | 1.65% | 5.03% | 11.79% | -0.99% | -17.75% | -1.23% | -18.12% | -9.20% |
| 2017 | 10.43% | 8.65% | 3.76% | 5.27% | 7.48% | -5.26% | 8.12% | 3.60% | -0.61% | 8.87% | 3.75% | -11.55% | 48.41% |
| 2016 | -13.89% | -3.79% | 13.60% | -6.51% | 8.68% | -5.16% | 14.44% | 1.88% | 4.06% | -3.21% | 0.44% | 0.25% | 7.23% |
| 2015 | -4.49% | 14.71% | -5.00% | 3.49% | 4.29% | -5.04% | 8.63% | -13.85% | -4.96% | 23.25% | 0.77% | -7.27% | 9.28% |
| 2014 | -4.11% | 10.25% | -5.57% | -1.23% | 8.97% | 6.02% | 2.00% | 10.16% | -1.81% | 4.82% | 9.05% | -8.35% | 31.67% |
| 2013 | 9.51% | 0.59% | 5.72% | 4.58% | 6.80% | -4.96% | 12.75% | -0.96% | 9.46% | 9.82% | 6.85% | -1.32% | 74.98% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RYVYX is 42, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Rydex NASDAQ-100 2x Strategy Fund (RYVYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
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 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 NASDAQ-100 2x Strategy Fund was 98.21%, occurring on Mar 9, 2009. Recovery took 2890 trading sessions.
The current Rydex NASDAQ-100 2x Strategy Fund drawdown is 2.17%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -98.21% | Jul 18, 2000 | 2166 | Mar 9, 2009 | 2890 | Aug 31, 2020 | 5056 |
| -65.8% | Nov 22, 2021 | 277 | Dec 28, 2022 | 366 | Jun 13, 2024 | 643 |
| -26.26% | Jul 11, 2024 | 20 | Aug 7, 2024 | 65 | Nov 7, 2024 | 85 |
| -24.67% | Sep 3, 2020 | 14 | Sep 23, 2020 | 52 | Dec 7, 2020 | 66 |
| -21.12% | Feb 16, 2021 | 15 | Mar 8, 2021 | 25 | Apr 13, 2021 | 40 |
Volatility
Volatility Chart
The current Rydex NASDAQ-100 2x Strategy Fund volatility is 9.95%, 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.