DRCVX vs. RYWWX

Last updated Jun 4, 2026

DRCVX (Comstock Capital Value Fund) and RYWWX (Rydex Inverse Emerging Markets 2x Strategy Fund) are both Inverse Equities funds. Over the past 10 years, DRCVX returned -4.13%/yr vs -27.96%/yr for RYWWX. At a 0.35 correlation, their price movements are largely independent. DRCVX charges 0.00%/yr vs 1.87%/yr for RYWWX.

Performance

DRCVX vs. RYWWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Comstock Capital Value Fund (DRCVX) and Rydex Inverse Emerging Markets 2x Strategy Fund (RYWWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRCVX achieves a 3.17% return, which is significantly higher than RYWWX's -18.46% return. Over the past 10 years, DRCVX has outperformed RYWWX with an annualized return of -4.13%, while RYWWX has yielded a comparatively lower -27.96% annualized return.

DRCVX

• 1D: 0.00%
• 1M: 0.44%
• YTD: 3.17%
• 6M: 3.32%
• 1Y: 9.66%
• 3Y*: 8.04%
• 5Y*: 5.14%
• 10Y*: -4.13%

RYWWX

• 1D: -3.60%
• 1M: -4.97%
• YTD: -18.46%
• 6M: -16.74%
• 1Y: -46.24%
• 3Y*: -35.06%
• 5Y*: -20.21%
• 10Y*: -27.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DRCVX vs. RYWWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRCVX Comstock Capital Value Fund	3.17%	11.55%	2.02%	6.55%	4.13%	-2.16%	-5.36%	-25.76%	7.76%	-20.58%
RYWWX Rydex Inverse Emerging Markets 2x Strategy Fund	-18.46%	-51.31%	-17.03%	-28.06%	2.55%	17.09%	-57.70%	-39.99%	23.02%	-47.98%

Correlation

The correlation between DRCVX and RYWWX is -0.36, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.36
Correlation (3Y) Calculated over the trailing 3-year period	-0.43
Correlation (5Y) Calculated over the trailing 5-year period	-0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.07
Correlation (All Time) Calculated using the full available price history since Jan 4, 2011	0.35

The correlation between DRCVX and RYWWX shifts across timeframes, from -0.43 (5 years) to 0.35 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DRCVX vs. RYWWX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DRCVX

DRCVX Risk / Return Rank: 97
DRCVX Sharpe Ratio Rank: 95
DRCVX Sortino Ratio Rank: 97
DRCVX Omega Ratio Rank: 96
DRCVX Calmar Ratio Rank: 99
DRCVX Martin Ratio Rank: 99

RYWWX

RYWWX Risk / Return Rank: 0
RYWWX Sharpe Ratio Rank: 0
RYWWX Sortino Ratio Rank: 0
RYWWX Omega Ratio Rank: 0
RYWWX Calmar Ratio Rank: 0
RYWWX Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DRCVX vs. RYWWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Comstock Capital Value Fund (DRCVX) and Rydex Inverse Emerging Markets 2x Strategy Fund (RYWWX). 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.

	DRCVX	RYWWX	Difference
Sharpe ratio Return per unit of total volatility	3.41	-1.14	+4.56
Sortino ratio Return per unit of downside risk	5.63	-1.75	+7.38
Omega ratio Gain probability vs. loss probability	1.84	0.80	+1.04
Calmar ratio Return relative to maximum drawdown	11.47	-0.96	+12.43
Martin ratio Return relative to average drawdown	41.31	-1.36	+42.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DRCVX vs. RYWWX - Sharpe Ratio Comparison

The current DRCVX Sharpe Ratio is 3.41, which is higher than the RYWWX Sharpe Ratio of -1.14. The chart below compares the historical Sharpe Ratios of DRCVX and RYWWX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DRCVX	RYWWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.41	-1.14	+4.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.13	-0.43	+1.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.42	-0.60	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	-0.46	+0.45

Drawdowns

DRCVX vs. RYWWX - Drawdown Comparison

The maximum DRCVX drawdown since its inception was -97.47%, roughly equal to the maximum RYWWX drawdown of -98.12%. Use the drawdown chart below to compare losses from any high point for DRCVX and RYWWX.

Drawdown Indicators

	DRCVX	RYWWX	Difference
Max Drawdown Largest peak-to-trough decline	-97.47%	-98.12%	+0.65%
Max Drawdown (1Y) Largest decline over 1 year	-0.89%	-47.10%	+46.21%
Max Drawdown (3Y) Largest decline over 3 years	-3.82%	-75.97%	+72.15%
Max Drawdown (5Y) Largest decline over 5 years	-4.08%	-84.06%	+79.98%
Max Drawdown (10Y) Largest decline over 10 years	-54.27%	-96.66%	+42.39%
Current Drawdown Current decline from peak	-96.61%	-98.04%	+1.43%
Average Drawdown Average peak-to-trough decline	-65.89%	-68.60%	+2.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.25%	34.61%	-34.36%

Volatility

DRCVX vs. RYWWX - Volatility Comparison

The current volatility for Comstock Capital Value Fund (DRCVX) is 0.63%, while Rydex Inverse Emerging Markets 2x Strategy Fund (RYWWX) has a volatility of 13.26%. This indicates that DRCVX experiences smaller price fluctuations and is considered to be less risky than RYWWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRCVX	RYWWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.63%	13.26%	-12.63%
Volatility (6M) Calculated over the trailing 6-month period	1.81%	32.37%	-30.56%
Volatility (1Y) Calculated over the trailing 1-year period	3.02%	40.97%	-37.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.56%	47.74%	-43.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.80%	46.49%	-36.69%

DRCVX vs. RYWWX - Expense Ratio Comparison

DRCVX has a 0.00% expense ratio, which is lower than RYWWX's 1.87% expense ratio.

Dividends

DRCVX vs. RYWWX - Dividend Comparison

DRCVX's dividend yield for the trailing twelve months is around 1.90%, less than RYWWX's 6.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DRCVX Comstock Capital Value Fund	1.90%	1.96%	0.00%	1.71%	0.00%	0.00%	0.00%	0.00%
RYWWX Rydex Inverse Emerging Markets 2x Strategy Fund	6.13%	5.00%	5.36%	3.28%	0.00%	0.00%	0.00%	1.06%

Frequently Asked Questions

Can I hold both DRCVX and RYWWX in my portfolio?

DRCVX and RYWWX have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DRCVX or RYWWX?

RYWWX has higher volatility (13.26%) compared to DRCVX (0.63%). In terms of maximum drawdown, DRCVX dropped -97.47% vs RYWWX's -98.12%.

Which has better risk-adjusted returns?

DRCVX currently has the higher Sharpe Ratio (3.41 vs -1.14), 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.