RYAIX vs. RYCKX
RYAIX (Rydex Inverse NASDAQ-100 Strategy Fund) and RYCKX (Rydex S&P MidCap 400 Pure Growth Fund) are both mutual funds - RYAIX is a Inverse Equities fund managed by Rydex Funds, while RYCKX is a Mid Cap Growth Equities fund managed by Rydex Funds. Over the past 10 years, RYAIX returned -19.63%/yr vs 8.92%/yr for RYCKX. At a correlation of -0.80, they often move in opposite directions. RYAIX charges 1.55%/yr vs 2.26%/yr for RYCKX.
Performance
RYAIX vs. RYCKX - Performance Comparison
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Returns By Period
In the year-to-date period, RYAIX achieves a -16.95% return, which is significantly lower than RYCKX's 21.97% return. Over the past 10 years, RYAIX has underperformed RYCKX with an annualized return of -19.63%, while RYCKX has yielded a comparatively higher 8.92% 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%
RYCKX
- 1D
- 0.80%
- 1M
- 4.65%
- YTD
- 21.97%
- 6M
- 19.17%
- 1Y
- 33.08%
- 3Y*
- 17.84%
- 5Y*
- 6.05%
- 10Y*
- 8.92%
RYAIX vs. RYCKX - 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% |
RYCKX Rydex S&P MidCap 400 Pure Growth Fund | 21.97% | 6.61% | 15.10% | 13.97% | -23.05% | 11.26% | 29.72% | 14.60% | -15.17% | 18.02% |
Correlation
The correlation between RYAIX and RYCKX is -0.69, 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 | -0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | -0.80 |
The correlation between RYAIX and RYCKX shifts across timeframes, from -0.80 (all time) to -0.68 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
RYAIX vs. RYCKX — Risk / Return Rank
RYAIX
RYCKX
RYAIX vs. RYCKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) and Rydex S&P MidCap 400 Pure Growth Fund (RYCKX). 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 | RYCKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.25 | ||
| Sortino ratioReturn per unit of downside risk | -4.74 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.30 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | 3.12 | -4.14 |
| Martin ratioReturn relative to average drawdown | -2.10 | 12.52 | -14.62 |
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Drawdowns
RYAIX vs. RYCKX - Drawdown Comparison
The maximum RYAIX drawdown since its inception was -98.93%, which is greater than RYCKX's maximum drawdown of -52.60%. Use the drawdown chart below to compare losses from any high point for RYAIX and RYCKX.
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Drawdown Indicators
| RYAIX | RYCKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.93% | -52.60% | -46.33% |
Max Drawdown (1Y)Largest decline over 1 year | -25.69% | -10.50% | -15.19% |
Max Drawdown (3Y)Largest decline over 3 years | -50.13% | -27.14% | -22.99% |
Max Drawdown (5Y)Largest decline over 5 years | -61.15% | -35.98% | -25.17% |
Max Drawdown (10Y)Largest decline over 10 years | -89.04% | -44.75% | -44.29% |
Current DrawdownCurrent decline from peak | -98.92% | 0.00% | -98.92% |
Average DrawdownAverage peak-to-trough decline | -73.33% | -9.49% | -63.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.68% | 2.62% | +11.06% |
Volatility
RYAIX vs. RYCKX - Volatility Comparison
Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) has a higher volatility of 8.29% compared to Rydex S&P MidCap 400 Pure Growth Fund (RYCKX) at 6.34%. This indicates that RYAIX's price experiences larger fluctuations and is considered to be riskier than RYCKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYAIX | RYCKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 6.34% | +1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 14.30% | 15.39% | -1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.81% | 19.04% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.10% | 22.87% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.79% | 23.12% | -0.33% |
RYAIX vs. RYCKX - Expense Ratio Comparison
RYAIX has a 1.55% expense ratio, which is lower than RYCKX's 2.26% expense ratio.
Dividends
RYAIX vs. RYCKX - Dividend Comparison
RYAIX's dividend yield for the trailing twelve months is around 2.68%, while RYCKX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | 2.68% | 2.23% | 5.67% | 4.81% | 0.00% | 0.00% | 0.09% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% |
RYCKX Rydex S&P MidCap 400 Pure Growth Fund | 0.00% | 0.00% | 20.92% | 0.00% | 14.34% | 13.66% | 1.29% | 0.00% | 18.93% | 7.60% | 1.72% | 5.90% |
Frequently Asked Questions
RYAIX and RYCKX have a correlation of -0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYAIX has higher volatility (8.29%) compared to RYCKX (6.34%). In terms of maximum drawdown, RYAIX dropped -98.93% vs RYCKX's -52.60%.
RYCKX currently has the higher Sharpe Ratio (1.73 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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