- ISIN
- US78356C7609
- CUSIP
- 78356C760
- Issuer
- Rydex Funds
- Inception Date
- Oct 28, 2010
- 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
RYWTX Performance Chart
Rydex Emerging Markets 2x Strategy Fund (RYWTX) is down 0.2% since the beginning of the year. RYWTX is currently trading at $96 per share. Investors who bought $1,000 worth of RYWTX shares 5 years ago would now be looking at an investment worth $1,021.
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Returns By Period
Rydex Emerging Markets 2x Strategy Fund (RYWTX) has returned -0.15% so far this year and 28.91% over the past 12 months. Over the last ten years, RYWTX has returned 7.62% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Rydex Emerging Markets 2x Strategy Fund
- 1D
- 6.70%
- 1M
- 3.36%
- 6M
- -12.21%
- YTD
- -0.15%
- 1Y
- 28.91%
- 3Y*
- 18.66%
- 5Y*
- 0.41%
- 10Y*
- 7.62%
- ALL TIME*
- -1.64%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.36%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
RYWTX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2011, RYWTX's average daily return is +0.03%, while the average monthly return is +0.54%. At this rate, an investment would double in approximately 10.7 years.
Historically, 52% of months were positive and 48% were negative. The best month was Nov 2022 with a return of +46.1%, while the worst month was Mar 2020 at -32.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, RYWTX closed higher 51% of trading days. The best single day was Mar 16, 2022 with a return of +22.3%, while the worst single day was Mar 16, 2020 at -20.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 13.74% | 0.94% | -18.17% | 15.78% | -3.77% | -4.04% | -0.59% | -0.15% | |||||
| 2025 | 11.65% | 1.81% | 0.49% | -5.81% | 8.39% | 11.81% | 3.67% | 4.94% | 26.65% | 0.25% | -4.11% | -2.00% | 69.22% |
| 2024 | -8.25% | 8.53% | 0.55% | -0.30% | 5.79% | 1.40% | -0.60% | 0.25% | 18.67% | -6.12% | -7.77% | -3.36% | 5.96% |
| 2023 | 28.93% | -18.57% | 9.46% | -12.30% | -0.34% | 10.04% | 17.90% | -13.75% | -9.50% | -7.33% | 18.39% | 8.97% | 21.59% |
| 2022 | 4.27% | -11.88% | -2.44% | -17.11% | 4.42% | -11.02% | 0.53% | -0.30% | -21.20% | -13.00% | 46.14% | -10.38% | -37.87% |
| 2021 | 8.77% | 1.69% | -12.19% | 1.23% | -0.81% | 5.27% | -17.94% | -3.01% | -14.76% | 5.12% | -11.24% | -2.15% | -36.42% |
Benchmark Metrics
Rydex Emerging Markets 2x Strategy Fund has an annualized alpha of -15.71%, beta of 1.99, and R2 of 0.57 versus S&P 500 Index. Calculated based on daily prices since January 03, 2011.
- This fund participated in 190.15% of S&P 500 Index downside but only 137.84% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -15.71% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 1.99 means this fund moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -15.71%
- Beta
- 1.99
- R²
- 0.57
- Upside Capture
- 137.84%
- Downside Capture
- 190.15%
Expense Ratio
RYWTX has a high expense ratio of 1.82%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RYWTX ranks 15 for risk / return — above 15% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Rydex Emerging Markets 2x Strategy Fund (RYWTX) 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.
| RYWTX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.25 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 2.00 | -1.15 |
| Martin ratioReturn relative to average drawdown | 1.95 | 8.49 | -6.54 |
Dividends
Dividend History
Rydex Emerging Markets 2x Strategy Fund provided a 0.84% dividend yield over the last twelve months, with an annual payout of $0.81 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.81 | $0.81 | $2.25 | $1.21 | $0.00 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.00 | $0.65 |
Dividend yield | 0.84% | 0.84% | 3.90% | 2.14% | 0.00% | 0.00% | 0.00% | 0.58% | 0.00% | 0.00% | 0.00% | 1.59% |
Monthly Dividends
The table displays the monthly dividend distributions for Rydex Emerging Markets 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 | $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 | $0.81 | $0.81 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.25 | $2.25 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.21 | $1.21 |
| 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 |
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 Emerging Markets 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 Emerging Markets 2x Strategy Fund was 78.47%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Rydex Emerging Markets 2x Strategy Fund drawdown is 37.43%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-78.47%Oct 2022 | 1y 8mo | — | 5y 5moFeb 2021 - now | Bear market2022 |
-77.91%Feb 2016 | 4y 10mo | 4y 11mo | 9y 9moApr 2011 - Jan 2021 | — |
-16.61%Mar 2011 | 2mo 2d | 19d | 2mo 21dJan 2011 - Apr 2011 | — |
-11.42%Jan 2021 | 7d | 7d | 14dJan 2021 - Feb 2021 | — |
-5.11%Jan 2011 | 6d | 2d | 8dJan 2011 - Jan 2011 | — |
Drawdown Indicators
| RYWTX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.47% | -56.78% | -21.69% |
Max Drawdown (1Y)Largest decline over 1 year | -30.01% | -9.10% | -20.91% |
Max Drawdown (3Y)Largest decline over 3 years | -37.38% | -18.90% | -18.48% |
Max Drawdown (5Y)Largest decline over 5 years | -65.80% | -25.43% | -40.37% |
Max Drawdown (10Y)Largest decline over 10 years | -78.47% | -33.92% | -44.55% |
Current DrawdownCurrent decline from peak | -37.43% | -1.58% | -35.85% |
Average DrawdownAverage peak-to-trough decline | -49.71% | -10.70% | -39.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.03% | 2.14% | +10.89% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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