IWB vs. RYTNX
IWB (iShares Russell 1000 ETF) and RYTNX (Rydex S&P 500 2x Strategy Fund) are both funds - IWB is a Large Cap Blend Equities fund tracking the Russell 1000 Index, while RYTNX is a Leveraged Equities fund managed by Rydex Funds. Over the past 10 years, IWB returned 15.17%/yr vs 22.96%/yr for RYTNX. With a 0.99 correlation, they move nearly in lockstep. IWB charges 0.15%/yr vs 1.82%/yr for RYTNX.
Performance
IWB vs. RYTNX - Performance Comparison
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Returns By Period
In the year-to-date period, IWB achieves a 10.54% return, which is significantly lower than RYTNX's 20.51% return. Over the past 10 years, IWB has underperformed RYTNX with an annualized return of 15.17%, while RYTNX has yielded a comparatively higher 22.96% annualized return.
IWB
- 1D
- -0.71%
- 1M
- 4.95%
- YTD
- 10.54%
- 6M
- 10.51%
- 1Y
- 27.03%
- 3Y*
- 22.02%
- 5Y*
- 12.99%
- 10Y*
- 15.17%
RYTNX
- 1D
- 0.25%
- 1M
- 11.27%
- YTD
- 20.51%
- 6M
- 19.74%
- 1Y
- 53.00%
- 3Y*
- 36.76%
- 5Y*
- 18.78%
- 10Y*
- 22.96%
IWB vs. RYTNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWB iShares Russell 1000 ETF | 10.54% | 17.18% | 24.32% | 26.39% | -19.19% | 26.32% | 20.77% | 31.06% | -4.90% | 21.52% |
RYTNX Rydex S&P 500 2x Strategy Fund | 20.51% | 24.88% | 41.95% | 45.20% | -39.32% | 55.55% | 20.31% | 62.29% | -15.06% | 42.95% |
Correlation
The correlation between IWB and RYTNX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2001 | 0.99 |
The correlation between IWB and RYTNX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
IWB vs. RYTNX — Risk / Return Rank
IWB
RYTNX
IWB vs. RYTNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 ETF (IWB) and Rydex S&P 500 2x Strategy Fund (RYTNX). 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.
| IWB | RYTNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.39 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 2.99 | +0.08 |
| Martin ratioReturn relative to average drawdown | 14.09 | 13.09 | +1.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IWB | RYTNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 2.32 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.56 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.64 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.25 | +0.20 |
Drawdowns
IWB vs. RYTNX - Drawdown Comparison
The maximum IWB drawdown since its inception was -55.38%, smaller than the maximum RYTNX drawdown of -86.64%. Use the drawdown chart below to compare losses from any high point for IWB and RYTNX.
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Drawdown Indicators
| IWB | RYTNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.38% | -86.64% | +31.26% |
Max Drawdown (1Y)Largest decline over 1 year | -8.86% | -18.43% | +9.57% |
Max Drawdown (3Y)Largest decline over 3 years | -19.09% | -35.36% | +16.27% |
Max Drawdown (5Y)Largest decline over 5 years | -25.20% | -47.01% | +21.81% |
Max Drawdown (10Y)Largest decline over 10 years | -34.60% | -59.23% | +24.63% |
Current DrawdownCurrent decline from peak | -0.71% | 0.00% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -10.86% | -28.54% | +17.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 4.20% | -2.28% |
Volatility
IWB vs. RYTNX - Volatility Comparison
The current volatility for iShares Russell 1000 ETF (IWB) is 2.88%, while Rydex S&P 500 2x Strategy Fund (RYTNX) has a volatility of 5.63%. This indicates that IWB experiences smaller price fluctuations and is considered to be less risky than RYTNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWB | RYTNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 5.63% | -2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 8.97% | 17.91% | -8.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 23.69% | -11.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.10% | 33.75% | -16.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 36.16% | -18.02% |
IWB vs. RYTNX - Expense Ratio Comparison
IWB has a 0.15% expense ratio, which is lower than RYTNX's 1.82% expense ratio.
Dividends
IWB vs. RYTNX - Dividend Comparison
IWB's dividend yield for the trailing twelve months is around 0.91%, less than RYTNX's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWB iShares Russell 1000 ETF | 0.91% | 1.00% | 1.14% | 1.31% | 1.56% | 1.09% | 1.37% | 1.71% | 2.06% | 1.64% | 1.89% | 1.95% |
RYTNX Rydex S&P 500 2x Strategy Fund | 3.97% | 4.79% | 5.45% | 0.14% | 0.00% | 0.14% | 0.69% | 1.84% | 0.00% | 5.84% | 0.16% | 1.52% |
Frequently Asked Questions
With a correlation of 0.99, IWB and RYTNX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
RYTNX has higher volatility (5.63%) compared to IWB (2.88%). In terms of maximum drawdown, IWB dropped -55.38% vs RYTNX's -86.64%.
RYTNX currently has the higher Sharpe Ratio (2.32 vs 2.28), 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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