- ISIN
- US78355E5693
- CUSIP
- 78355E569
- Issuer
- Rydex Funds
- Inception Date
- Feb 20, 2004
- Category
- Small Cap Growth Equities
- Min. Investment
- $2,500
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
RYWCX Performance Chart
Rydex S&P SmallCap 600 Pure Growth Fund (RYWCX) is up 26.2% since the beginning of the year. RYWCX is currently trading at $52 per share. Investors who bought $1,000 worth of RYWCX shares 5 years ago would now be looking at an investment worth $1,235.
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Returns By Period
Rydex S&P SmallCap 600 Pure Growth Fund (RYWCX) has returned 26.17% so far this year and 39.57% over the past 12 months. Over the last ten years, RYWCX has returned 8.02% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Rydex S&P SmallCap 600 Pure Growth Fund
- 1D
- 2.18%
- 1M
- 8.60%
- YTD
- 26.17%
- 6M
- 21.54%
- 1Y
- 39.57%
- 3Y*
- 16.68%
- 5Y*
- 4.31%
- 10Y*
- 8.02%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
RYWCX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2005, RYWCX's average daily return is +0.04%, while the average monthly return is +0.73%. At this rate, an investment would double in approximately 7.9 years.
Historically, 59% of months were positive and 41% were negative. The best month was Apr 2009 with a return of +23.7%, while the worst month was Mar 2020 at -25.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, RYWCX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +10.1%, while the worst single day was Mar 16, 2020 at -15.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.27% | 2.77% | -3.38% | 12.05% | 0.16% | 7.55% | 26.17% | ||||||
| 2025 | 4.28% | -5.97% | -4.13% | -1.79% | 5.56% | 3.65% | 1.03% | 5.49% | 0.70% | -1.34% | 2.11% | -1.33% | 7.76% |
| 2024 | -1.67% | 4.84% | 3.40% | -5.11% | 4.61% | -2.34% | 10.54% | -2.56% | 0.48% | -4.63% | 12.10% | -10.35% | 7.20% |
| 2023 | 6.20% | -0.87% | -3.52% | -2.54% | 2.41% | 7.53% | 4.92% | -3.51% | -5.98% | -5.01% | 7.69% | 10.25% | 17.03% |
| 2022 | -12.74% | -0.64% | -2.28% | -12.37% | 1.70% | -8.80% | 12.52% | -6.02% | -9.86% | 10.52% | 5.35% | -8.82% | -30.33% |
| 2021 | 9.48% | 3.36% | 0.12% | 0.84% | -0.26% | 2.22% | -0.39% | 1.99% | -4.05% | 5.29% | -4.29% | 1.71% | 16.37% |
Benchmark Metrics
Rydex S&P SmallCap 600 Pure Growth Fund has an annualized alpha of -1.99%, beta of 1.13, and R2 of 0.77 versus S&P 500 Index. Calculated based on daily prices since January 03, 2005.
- This fund participated in 116.51% of S&P 500 Index downside but only 107.87% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.13 and R2 of 0.77, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.99%
- Beta
- 1.13
- R²
- 0.77
- Upside Capture
- 107.87%
- Downside Capture
- 116.51%
Expense Ratio
RYWCX has a high expense ratio of 2.26%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RYWCX ranks 72 for risk / return — better than 72% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Rydex S&P SmallCap 600 Pure Growth Fund (RYWCX) 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.
| RYWCX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.69 | 2.78 | +1.90 |
| Martin ratioReturn relative to average drawdown | 15.47 | 12.44 | +3.04 |
Dividends
Dividend History
Rydex S&P SmallCap 600 Pure Growth Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $5.60 | $0.00 | $0.00 | $29.96 | $0.00 | $0.00 | $4.93 | $2.51 |
Dividend yield | 0.00% | 0.00% | 14.52% | 0.00% | 0.00% | 59.93% | 0.00% | 0.00% | 9.26% | 3.92% |
Monthly Dividends
The table displays the monthly dividend distributions for Rydex S&P SmallCap 600 Pure Growth 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 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.60 | $5.60 |
| 2023 | $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 |
| 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 | $29.96 | $29.96 |
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 SmallCap 600 Pure Growth 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 SmallCap 600 Pure Growth Fund was 60.64%, occurring on Mar 9, 2009. Recovery took 488 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -60.64%Mar 2009 | 1y 5mo | 1y 11mo | 3y 4moOct 2007 - Feb 2011 |
COVID crash2020 | -54.65%Mar 2020 | 1y 6mo | 9mo 24d | 2y 4moSep 2018 - Jan 2021 |
Bear market2022 | -40.28%Sep 2022 | 10mo 21d | 3y 6mo | 4y 5moNov 2021 - Apr 2026 |
2016 bear market2016 | -27.33%Feb 2016 | 7mo 23d | 9mo 18d | 1y 5moJun 2015 - Nov 2016 |
2011 bear market2011 | -25.53%Oct 2011 | 2mo 27d | 5mo 25d | 8mo 22dJul 2011 - Mar 2012 |
Drawdown Indicators
| RYWCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.64% | -56.78% | -3.86% |
Max Drawdown (1Y)Largest decline over 1 year | -8.49% | -9.10% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -26.39% | -18.90% | -7.49% |
Max Drawdown (5Y)Largest decline over 5 years | -40.28% | -25.43% | -14.85% |
Max Drawdown (10Y)Largest decline over 10 years | -54.65% | -33.92% | -20.73% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -13.42% | -10.71% | -2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.03% | +0.54% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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