RYAIX vs. BTC-USD
RYAIX (Rydex Inverse NASDAQ-100 Strategy Fund) is Inverse Equities fund managed by Rydex Funds, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, RYAIX returned -19.63%/yr vs 57.41%/yr for BTC-USD. At a correlation of -0.13, they often move in opposite directions.
Performance
RYAIX vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, RYAIX achieves a -16.95% return, which is significantly higher than BTC-USD's -28.07% return. Over the past 10 years, RYAIX has underperformed BTC-USD with an annualized return of -19.63%, while BTC-USD has yielded a comparatively higher 57.41% annualized return.
RYAIX
- 1D
- 0.21%
- 1M
- -3.12%
- YTD
- -16.95%
- 6M
- -15.72%
- 1Y
- -26.31%
- 3Y*
- -18.55%
- 5Y*
- -14.02%
- 10Y*
- -19.63%
BTC-USD
- 1D
- -1.58%
- 1M
- -18.24%
- YTD
- -28.07%
- 6M
- -28.01%
- 1Y
- -40.30%
- 3Y*
- 27.25%
- 5Y*
- 12.68%
- 10Y*
- 57.41%
RYAIX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | -16.95% | -15.63% | -15.64% | -31.71% | 35.92% | -24.88% | -40.98% | -27.65% | -2.63% | -24.47% |
BTC-USD Bitcoin | -28.07% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between RYAIX and BTC-USD is -0.37, 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 | -0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2012 | -0.13 |
Over the past year, the inverse relationship between RYAIX and BTC-USD has strengthened: their correlation has moved from -0.13 to -0.37, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
RYAIX vs. BTC-USD — Risk / Return Rank
RYAIX
BTC-USD
RYAIX vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) and Bitcoin (BTC-USD). 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.
| RYAIX | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 0.86 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | -0.79 | -0.23 |
| Martin ratioReturn relative to average drawdown | -2.10 | -1.32 | -0.78 |
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Drawdowns
RYAIX vs. BTC-USD - Drawdown Comparison
The maximum RYAIX drawdown since its inception was -98.93%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for RYAIX and BTC-USD.
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Drawdown Indicators
| RYAIX | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.93% | -85.30% | -13.63% |
Max Drawdown (1Y)Largest decline over 1 year | -25.69% | -51.21% | +25.52% |
Max Drawdown (3Y)Largest decline over 3 years | -50.13% | -51.21% | +1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -61.15% | -76.67% | +15.52% |
Max Drawdown (10Y)Largest decline over 10 years | -89.04% | -83.80% | -5.24% |
Current DrawdownCurrent decline from peak | -98.92% | -49.54% | -49.38% |
Average DrawdownAverage peak-to-trough decline | -73.33% | -42.40% | -30.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.68% | 31.29% | -17.61% |
Volatility
RYAIX vs. BTC-USD - Volatility Comparison
The current volatility for Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) is 8.29%, while Bitcoin (BTC-USD) has a volatility of 12.23%. This indicates that RYAIX experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYAIX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 12.23% | -3.94% |
Volatility (6M)Calculated over the trailing 6-month period | 14.30% | 34.57% | -20.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.81% | 35.70% | -17.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.10% | 44.26% | -21.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.79% | 56.41% | -33.62% |
Frequently Asked Questions
RYAIX and BTC-USD have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (12.23%) compared to RYAIX (8.29%). In terms of maximum drawdown, RYAIX dropped -98.93% vs BTC-USD's -85.30%.
BTC-USD currently has the higher Sharpe Ratio (-0.94 vs -1.53), 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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