RYAIX vs. RYDAX
RYAIX (Rydex Inverse NASDAQ-100 Strategy Fund) and RYDAX (Rydex Dow Jones Industrial Average Fund) are both mutual funds - RYAIX is a Inverse Equities fund managed by Rydex Funds, while RYDAX is a Large Cap Value Equities fund managed by Rydex Funds. Over the past 10 years, RYAIX returned -18.03%/yr vs 11.41%/yr for RYDAX. Their -0.71 correlation means they have often moved in opposite directions in the past. RYAIX charges 1.55%/yr vs 1.58%/yr for RYDAX.
Performance
RYAIX vs. RYDAX - Performance Comparison
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Returns By Period
In the year-to-date period, RYAIX achieves a -9.23% return, which is significantly lower than RYDAX's 8.60% return. Over the past 10 years, RYAIX has underperformed RYDAX with an annualized return of -18.03%, while RYDAX has yielded a comparatively higher 11.41% annualized return.
RYAIX
- 1D
- -3.29%
- 1M
- 5.63%
- 6M
- -8.48%
- YTD
- -9.23%
- 1Y
- -16.78%
- 3Y*
- -14.70%
- 5Y*
- -11.60%
- 10Y*
- -18.03%
- ALL TIME*
- -14.55%
RYDAX
- 1D
- 1.18%
- 1M
- -1.37%
- 6M
- 6.82%
- YTD
- 8.60%
- 1Y
- 19.84%
- 3Y*
- 13.84%
- 5Y*
- 8.55%
- 10Y*
- 11.41%
- ALL TIME*
- 11.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RYAIX vs. RYDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | -9.23% | -15.63% | -15.64% | -31.71% | 35.92% | -24.88% | -40.98% | -27.65% | -2.63% | -24.47% |
RYDAX Rydex Dow Jones Industrial Average Fund | 8.60% | 12.98% | 13.10% | 14.36% | -8.88% | 19.11% | 7.47% | 23.13% | -5.14% | 26.19% |
Correlation
The correlation between RYAIX and RYDAX is -0.62, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.62 |
Correlation (3Y) Balances recent behavior with more history. | -0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | -0.71 |
The correlation between RYAIX and RYDAX has been stable across timeframes, ranging from -0.71 to -0.62 - a consistent structural relationship.
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Return for Risk
RYAIX vs. RYDAX — Risk / Return Rank
RYAIX
RYDAX
RYAIX vs. RYDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) and Rydex Dow Jones Industrial Average Fund (RYDAX). 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 | RYDAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -3.05 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.25 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 1.78 | -2.35 |
| Martin ratioReturn relative to average drawdown | -1.12 | 6.73 | -7.85 |
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Drawdowns
RYAIX vs. RYDAX - Drawdown Comparison
The maximum RYAIX drawdown since its inception was -98.93%, which is greater than RYDAX's maximum drawdown of -37.34%. Use the drawdown chart below to compare losses from any high point for RYAIX and RYDAX.
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Drawdown Indicators
| RYAIX | RYDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.93% | -37.34% | -61.59% |
Max Drawdown (1Y)Largest decline over 1 year | -25.47% | -9.86% | -15.61% |
Max Drawdown (3Y)Largest decline over 3 years | -50.13% | -16.50% | -33.63% |
Max Drawdown (5Y)Largest decline over 5 years | -61.15% | -22.12% | -39.03% |
Max Drawdown (10Y)Largest decline over 10 years | -87.73% | -37.34% | -50.39% |
Current DrawdownCurrent decline from peak | -98.82% | -1.68% | -97.14% |
Average DrawdownAverage peak-to-trough decline | -73.43% | -4.29% | -69.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.97% | 2.61% | +10.36% |
Volatility
RYAIX vs. RYDAX - Volatility Comparison
Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) has a higher volatility of 7.09% compared to Rydex Dow Jones Industrial Average Fund (RYDAX) at 3.74%. This indicates that RYAIX's price experiences larger fluctuations and is considered to be riskier than RYDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYAIX | RYDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 3.74% | +3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 16.22% | 9.86% | +6.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.55% | 12.57% | +6.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.36% | 14.87% | +8.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.86% | 17.60% | +5.26% |
RYAIX vs. RYDAX - Expense Ratio Comparison
RYAIX has a 1.55% expense ratio, which is lower than RYDAX's 1.58% expense ratio.
Dividends
RYAIX vs. RYDAX - Dividend Comparison
RYAIX's dividend yield for the trailing twelve months is around 2.46%, more than RYDAX's 0.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | 2.46% | 2.23% | 5.67% | 4.81% | 0.00% | 0.00% | 0.09% | 0.72% | 0.00% | 0.00% | 0.00% |
RYDAX Rydex Dow Jones Industrial Average Fund | 0.35% | 0.38% | 1.73% | 0.75% | 3.17% | 1.22% | 4.87% | 4.02% | 1.25% | 3.70% | 0.56% |
Frequently Asked Questions
RYAIX and RYDAX have a correlation of -0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYAIX has higher volatility (7.09%) compared to RYDAX (3.74%). In terms of maximum drawdown, RYAIX dropped -98.93% vs RYDAX's -37.34%.
RYDAX currently has the higher Sharpe Ratio (1.40 vs -0.75), 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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