ISCGX vs. RYWCX

Last updated Aug 1, 2026

ISCGX (Transamerica Small Cap Growth) and RYWCX (Rydex S&P SmallCap 600 Pure Growth Fund) are both Small Cap Growth Equities funds. Over the past 10 years, ISCGX returned 7.64%/yr vs 7.33%/yr for RYWCX. Their correlation of 0.92 means they have usually moved in the same direction. ISCGX charges 1.06%/yr vs 2.26%/yr for RYWCX.

Performance

ISCGX vs. RYWCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Transamerica Small Cap Growth (ISCGX) and Rydex S&P SmallCap 600 Pure Growth Fund (RYWCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ISCGX achieves a 4.53% return, which is significantly lower than RYWCX's 25.73% return. Both investments have delivered pretty close results over the past 10 years, with ISCGX having a 7.64% annualized return and RYWCX not far behind at 7.33%.

ISCGX

• 1D: 1.92%
• 1M: -5.52%
• 6M: 2.31%
• YTD: 4.53%
• 1Y: 5.50%
• 3Y*: 2.74%
• 5Y*: -1.69%
• 10Y*: 7.64%
• ALL TIME*: 9.21%

RYWCX

• 1D: 2.25%
• 1M: -3.49%
• 6M: 19.44%
• YTD: 25.73%
• 1Y: 34.86%
• 3Y*: 14.11%
• 5Y*: 3.50%
• 10Y*: 7.33%
• ALL TIME*: 6.75%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ISCGX Transamerica Small Cap Growth	$0.00	$0.00	$0.00
RYWCX Rydex S&P SmallCap 600 Pure Growth Fund	$0.00	$0.00	$0.00

ISCGX vs. RYWCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ISCGX Transamerica Small Cap Growth	4.53%	-3.41%	6.12%	20.01%	-30.85%	18.23%	32.20%	29.47%	-7.71%	15.56%
RYWCX Rydex S&P SmallCap 600 Pure Growth Fund	25.73%	7.76%	7.20%	17.03%	-30.33%	16.37%	15.23%	11.58%	-9.55%	15.23%

Correlation

The correlation between ISCGX and RYWCX is 0.86, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.86
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.91
Correlation (10Y) Provides a long-term view across more market conditions.	0.91
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.92

The correlation between ISCGX and RYWCX has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.

Return for Risk

ISCGX vs. RYWCX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ISCGX

ISCGX Risk / Return Rank: 7
ISCGX Sharpe Ratio Rank: 6
ISCGX Sortino Ratio Rank: 7
ISCGX Omega Ratio Rank: 7
ISCGX Calmar Ratio Rank: 7
ISCGX Martin Ratio Rank: 8

RYWCX

RYWCX Risk / Return Rank: 77
RYWCX Sharpe Ratio Rank: 71
RYWCX Sortino Ratio Rank: 74
RYWCX Omega Ratio Rank: 62
RYWCX Calmar Ratio Rank: 92
RYWCX Martin Ratio Rank: 87

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ISCGX vs. RYWCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Transamerica Small Cap Growth (ISCGX) and Rydex S&P SmallCap 600 Pure Growth Fund (RYWCX). 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.

	ISCGX	RYWCX	Difference
Sharpe ratio: Return per unit of total volatility	0.20	1.69	-1.49
Sortino ratio: Return per unit of downside risk	0.44	2.57	-2.13
Omega ratio: Gain probability vs. loss probability	1.05	1.29	-0.24
Calmar ratio: Return relative to maximum drawdown	0.26	3.77	-3.51
Martin ratio: Return relative to average drawdown	0.85	11.60	-10.75

ISCGX vs. RYWCX - Sharpe Ratio Comparison

The current ISCGX Sharpe Ratio is 0.20, which is lower than the RYWCX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of ISCGX and RYWCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ISCGX vs. RYWCX - Drawdown Comparison

The maximum ISCGX drawdown since its inception was -39.22%, smaller than the maximum RYWCX drawdown of -60.64%. Use the drawdown chart below to compare losses from any high point for ISCGX and RYWCX.

Drawdown Indicators

	ISCGX	RYWCX	Difference
Max Drawdown Largest peak-to-trough decline	-39.22%	-60.64%	+21.42%
Max Drawdown (1Y) Largest decline over 1 year	-14.78%	-8.49%	-6.29%
Max Drawdown (3Y) Largest decline over 3 years	-26.12%	-26.39%	+0.27%
Max Drawdown (5Y) Largest decline over 5 years	-39.22%	-40.28%	+1.06%
Max Drawdown (10Y) Largest decline over 10 years	-39.22%	-54.65%	+15.43%
Current Drawdown Current decline from peak	-18.16%	-5.02%	-13.14%
Average Drawdown Average peak-to-trough decline	-11.25%	-13.37%	+2.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.61%	2.76%	+1.85%

Volatility

ISCGX vs. RYWCX - Volatility Comparison

The current volatility for Transamerica Small Cap Growth (ISCGX) is 4.99%, while Rydex S&P SmallCap 600 Pure Growth Fund (RYWCX) has a volatility of 5.65%. This indicates that ISCGX experiences smaller price fluctuations and is considered to be less risky than RYWCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISCGX	RYWCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.99%	5.65%	-0.66%
Volatility (6M) Calculated over the trailing 6-month period	15.84%	14.48%	+1.36%
Volatility (1Y) Calculated over the trailing 1-year period	19.88%	18.97%	+0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.53%	22.92%	+0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.01%	24.72%	-1.71%

ISCGX vs. RYWCX - Expense Ratio Comparison

ISCGX has a 1.06% expense ratio, which is lower than RYWCX's 2.26% expense ratio.

Dividends

ISCGX vs. RYWCX - Dividend Comparison

ISCGX's dividend yield for the trailing twelve months is around 14.80%, while RYWCX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ISCGX Transamerica Small Cap Growth	14.80%	15.47%	12.92%	4.61%	4.29%	11.50%	8.30%	6.94%	11.71%	10.40%	121.18%	9.14%
RYWCX Rydex S&P SmallCap 600 Pure Growth Fund	0.00%	0.00%	14.52%	0.00%	0.00%	59.93%	0.00%	0.00%	9.26%	3.92%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ISCGX and RYWCX in my portfolio?

ISCGX and RYWCX 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.

Which is riskier, ISCGX or RYWCX?

RYWCX has higher volatility (5.65%) compared to ISCGX (4.99%). In terms of maximum drawdown, ISCGX dropped -39.22% vs RYWCX's -60.64%.

Which has better risk-adjusted returns?

RYWCX currently has the higher Sharpe Ratio (1.69 vs 0.20), 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.