AAIZX vs. RYTIX
AAIZX (Alger AI Enablers & Adopters Z) and RYTIX (Rydex Technology Fund) are both Technology Equities funds. Over the past year, AAIZX returned 59.91% vs 60.04% for RYTIX. Their correlation of 0.89 suggests significant overlap in exposure. AAIZX charges 0.55%/yr vs 1.36%/yr for RYTIX.
Performance
AAIZX vs. RYTIX - Performance Comparison
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Returns By Period
In the year-to-date period, AAIZX achieves a 26.65% return, which is significantly lower than RYTIX's 33.76% return.
AAIZX
- 1D
- -1.53%
- 1M
- 5.71%
- YTD
- 26.65%
- 6M
- 24.42%
- 1Y
- 59.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RYTIX
- 1D
- 0.07%
- 1M
- 5.43%
- YTD
- 33.76%
- 6M
- 31.35%
- 1Y
- 60.04%
- 3Y*
- 36.35%
- 5Y*
- 17.88%
- 10Y*
- 23.28%
AAIZX vs. RYTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAIZX Alger AI Enablers & Adopters Z | 26.65% | 41.00% | 33.76% |
RYTIX Rydex Technology Fund | 33.76% | 26.48% | 17.75% |
Correlation
The correlation between AAIZX and RYTIX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2024 | 0.89 |
The correlation between AAIZX and RYTIX has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.
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Return for Risk
AAIZX vs. RYTIX — Risk / Return Rank
AAIZX
RYTIX
AAIZX vs. RYTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger AI Enablers & Adopters Z (AAIZX) and Rydex Technology Fund (RYTIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AAIZX | RYTIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.41 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 3.94 | -0.42 |
| Martin ratioReturn relative to average drawdown | 10.52 | 13.18 | -2.66 |
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Drawdowns
AAIZX vs. RYTIX - Drawdown Comparison
The maximum AAIZX drawdown since its inception was -29.00%, smaller than the maximum RYTIX drawdown of -84.00%. Use the drawdown chart below to compare losses from any high point for AAIZX and RYTIX.
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Drawdown Indicators
| AAIZX | RYTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.00% | -84.00% | +55.00% |
Max Drawdown (1Y)Largest decline over 1 year | -17.47% | -15.67% | -1.80% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.91% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.75% | — |
Current DrawdownCurrent decline from peak | -1.53% | -4.50% | +2.97% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -40.12% | +35.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.84% | 4.68% | +1.16% |
Volatility
AAIZX vs. RYTIX - Volatility Comparison
The current volatility for Alger AI Enablers & Adopters Z (AAIZX) is 10.07%, while Rydex Technology Fund (RYTIX) has a volatility of 11.75%. This indicates that AAIZX experiences smaller price fluctuations and is considered to be less risky than RYTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAIZX | RYTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.07% | 11.75% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 18.62% | 19.98% | -1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.00% | 24.35% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.83% | 27.06% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.83% | 25.47% | +2.36% |
AAIZX vs. RYTIX - Expense Ratio Comparison
AAIZX has a 0.55% expense ratio, which is lower than RYTIX's 1.36% expense ratio.
Dividends
AAIZX vs. RYTIX - Dividend Comparison
AAIZX's dividend yield for the trailing twelve months is around 4.98%, more than RYTIX's 0.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AAIZX Alger AI Enablers & Adopters Z | 4.98% | 6.31% | 4.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RYTIX Rydex Technology Fund | 0.77% | 1.03% | 9.00% | 2.46% | 5.17% | 7.24% | 1.62% | 0.92% | 5.39% | 1.35% |
Frequently Asked Questions
AAIZX and RYTIX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYTIX has higher volatility (11.75%) compared to AAIZX (10.07%). In terms of maximum drawdown, AAIZX dropped -29.00% vs RYTIX's -84.00%.
AAIZX currently has the higher Sharpe Ratio (2.57 vs 2.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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