- ISIN
- US78355E5859
- CUSIP
- 78355E585
- Issuer
- Rydex Funds
- Inception Date
- Feb 20, 2004
- Category
- Small Cap Value Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
RYYCX Performance Chart
Rydex S&P SmallCap 600 Pure Value Fund (RYYCX) is up 20.1% since the beginning of the year. RYYCX is currently trading at $215 per share. Investors who bought $1,000 worth of RYYCX shares 5 years ago would now be looking at an investment worth $1,472.
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Returns By Period
Rydex S&P SmallCap 600 Pure Value Fund (RYYCX) has returned 20.06% so far this year and 39.29% over the past 12 months. Over the last ten years, RYYCX has returned 7.93% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Rydex S&P SmallCap 600 Pure Value Fund
- 1D
- 2.09%
- 1M
- 6.16%
- YTD
- 20.06%
- 6M
- 18.49%
- 1Y
- 39.29%
- 3Y*
- 15.11%
- 5Y*
- 8.04%
- 10Y*
- 7.93%
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%
RYYCX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2005, RYYCX'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, 56% of months were positive and 44% were negative. The best month was Apr 2009 with a return of +48.6%, while the worst month was Mar 2020 at -32.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.
On a daily basis, RYYCX closed higher 51% of trading days. The best single day was Mar 13, 2020 with a return of +13.4%, while the worst single day was Mar 16, 2020 at -13.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.90% | 1.13% | -4.37% | 10.39% | 0.27% | 3.95% | 20.06% | ||||||
| 2025 | 0.90% | -7.45% | -5.05% | -6.74% | 6.49% | 6.48% | 1.35% | 11.36% | -0.48% | -1.40% | 3.50% | -1.56% | 5.81% |
| 2024 | -5.73% | 2.95% | 3.14% | -7.83% | 5.77% | -5.52% | 12.76% | -3.47% | 0.75% | -3.58% | 11.99% | -5.90% | 2.73% |
| 2023 | 14.92% | -2.03% | -9.13% | -2.60% | -4.56% | 10.79% | 6.66% | -3.67% | -5.47% | -6.68% | 10.07% | 14.52% | 20.36% |
| 2022 | -3.06% | 1.02% | 2.19% | -5.29% | 2.46% | -11.32% | 7.75% | -3.76% | -11.99% | 17.33% | 5.06% | -6.23% | -9.15% |
| 2021 | 5.80% | 14.36% | 9.03% | 0.49% | 7.26% | -0.63% | -4.78% | 3.40% | -0.85% | 3.74% | -3.26% | 2.68% | 42.14% |
Benchmark Metrics
Rydex S&P SmallCap 600 Pure Value Fund has an annualized alpha of -3.39%, beta of 1.25, and R2 of 0.65 versus S&P 500 Index. Calculated based on daily prices since January 03, 2005.
- This fund participated in 139.00% of S&P 500 Index downside but only 128.13% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -3.39% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -3.39%
- Beta
- 1.25
- R²
- 0.65
- Upside Capture
- 128.13%
- Downside Capture
- 139.00%
Expense Ratio
RYYCX has a high expense ratio of 2.26%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RYYCX ranks 52 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 SmallCap 600 Pure Value Fund (RYYCX) 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.
| RYYCX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 2.78 | +0.28 |
| Martin ratioReturn relative to average drawdown | 9.92 | 12.44 | -2.52 |
Dividends
Dividend History
Rydex S&P SmallCap 600 Pure Value Fund provided a 0.02% dividend yield over the last twelve months, with an annual payout of $0.04 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.04 | $0.04 | $0.00 | $1.90 |
Dividend yield | 0.02% | 0.02% | 0.00% | 1.15% |
Monthly Dividends
The table displays the monthly dividend distributions for Rydex S&P SmallCap 600 Pure Value 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 | $0.04 | $0.04 |
| 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 | $0.00 |
| 2023 | $1.90 | $1.90 |
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 Value 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 Value Fund was 78.51%, occurring on Mar 9, 2009. Recovery took 1099 trading sessions.
The current Rydex S&P SmallCap 600 Pure Value Fund drawdown is 1.28%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -78.51%Mar 2009 | 1y 9mo | 4y 4mo | 6y 1moJun 2007 - Jul 2013 |
COVID crash2020 | -62.25%Apr 2020 | 1y 7mo | 11mo 6d | 2y 6moAug 2018 - Mar 2021 |
2016 bear market2016 | -32.04%Jan 2016 | 9mo 8d | 10mo | 1y 7moApr 2015 - Nov 2016 |
2025 selloff2025 | -30.24%Apr 2025 | 4mo 6d | 5mo 28d | 10mo 4dDec 2024 - Oct 2025 |
Bear market2022 | -28.05%Sep 2022 | 10mo 25d | 4mo 5d | 1y 2moNov 2021 - Feb 2023 |
Drawdown Indicators
| RYYCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.51% | -56.78% | -21.73% |
Max Drawdown (1Y)Largest decline over 1 year | -12.78% | -9.10% | -3.68% |
Max Drawdown (3Y)Largest decline over 3 years | -30.24% | -18.90% | -11.34% |
Max Drawdown (5Y)Largest decline over 5 years | -30.24% | -25.43% | -4.81% |
Max Drawdown (10Y)Largest decline over 10 years | -62.25% | -33.92% | -28.33% |
Current DrawdownCurrent decline from peak | -1.28% | -1.80% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -16.58% | -10.71% | -5.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 2.03% | +1.91% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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