RYAIX vs. RYMMX
RYAIX (Rydex Inverse NASDAQ-100 Strategy Fund) and RYMMX (Rydex S&P MidCap 400 Pure Value Fund) are both mutual funds - RYAIX is a Inverse Equities fund managed by Rydex Funds, while RYMMX is a Small Cap Value Equities fund managed by Rydex Funds. Over the past 10 years, RYAIX returned -18.03%/yr vs 9.83%/yr for RYMMX. Their -0.67 correlation means they have often moved in opposite directions in the past. RYAIX charges 1.55%/yr vs 2.26%/yr for RYMMX.
Performance
RYAIX vs. RYMMX - 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 RYMMX's 17.49% return. Over the past 10 years, RYAIX has underperformed RYMMX with an annualized return of -18.03%, while RYMMX has yielded a comparatively higher 9.83% 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%
RYMMX
- 1D
- 0.53%
- 1M
- 5.59%
- 6M
- 12.45%
- YTD
- 17.49%
- 1Y
- 25.59%
- 3Y*
- 10.78%
- 5Y*
- 9.75%
- 10Y*
- 9.83%
- ALL TIME*
- 7.16%
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. RYMMX - 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% |
RYMMX Rydex S&P MidCap 400 Pure Value Fund | 17.49% | 5.11% | 3.49% | 26.78% | -6.06% | 30.05% | 5.74% | 20.83% | -19.66% | 12.28% |
Correlation
The correlation between RYAIX and RYMMX is -0.42, 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. | -0.42 |
Correlation (3Y) Balances recent behavior with more history. | -0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.60 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.55 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | -0.67 |
Over the past year, the inverse relationship between RYAIX and RYMMX has weakened: their correlation has moved from -0.67 to -0.42, meaning they move in opposite directions less often than they have historically.
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Return for Risk
RYAIX vs. RYMMX — Risk / Return Rank
RYAIX
RYMMX
RYAIX vs. RYMMX - 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 Value Fund (RYMMX). 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 | RYMMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.84 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.22 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 1.63 | -2.20 |
| Martin ratioReturn relative to average drawdown | -1.12 | 5.02 | -6.14 |
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Drawdowns
RYAIX vs. RYMMX - Drawdown Comparison
The maximum RYAIX drawdown since its inception was -98.93%, which is greater than RYMMX's maximum drawdown of -73.49%. Use the drawdown chart below to compare losses from any high point for RYAIX and RYMMX.
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Drawdown Indicators
| RYAIX | RYMMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.93% | -73.49% | -25.44% |
Max Drawdown (1Y)Largest decline over 1 year | -25.47% | -12.54% | -12.93% |
Max Drawdown (3Y)Largest decline over 3 years | -50.13% | -25.11% | -25.02% |
Max Drawdown (5Y)Largest decline over 5 years | -61.15% | -25.11% | -36.04% |
Max Drawdown (10Y)Largest decline over 10 years | -87.73% | -54.43% | -33.30% |
Current DrawdownCurrent decline from peak | -98.82% | 0.00% | -98.82% |
Average DrawdownAverage peak-to-trough decline | -73.43% | -11.90% | -61.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.97% | 4.09% | +8.88% |
Volatility
RYAIX vs. RYMMX - Volatility Comparison
Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) has a higher volatility of 7.09% compared to Rydex S&P MidCap 400 Pure Value Fund (RYMMX) at 3.11%. This indicates that RYAIX's price experiences larger fluctuations and is considered to be riskier than RYMMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYAIX | RYMMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 3.11% | +3.98% |
Volatility (6M)Calculated over the trailing 6-month period | 16.22% | 11.17% | +5.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.55% | 17.21% | +2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.36% | 21.65% | +1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.86% | 24.86% | -2.00% |
RYAIX vs. RYMMX - Expense Ratio Comparison
RYAIX has a 1.55% expense ratio, which is lower than RYMMX's 2.26% expense ratio.
Dividends
RYAIX vs. RYMMX - Dividend Comparison
RYAIX's dividend yield for the trailing twelve months is around 2.46%, more than RYMMX's 0.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
RYMMX Rydex S&P MidCap 400 Pure Value Fund | 0.16% | 0.18% | 8.21% | 0.48% | 17.90% | 6.82% | 0.05% | 0.00% | 3.84% | 1.94% | 0.22% | 0.30% |
Frequently Asked Questions
RYAIX and RYMMX have a correlation of -0.42, 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 RYMMX (3.11%). In terms of maximum drawdown, RYAIX dropped -98.93% vs RYMMX's -73.49%.
RYMMX currently has the higher Sharpe Ratio (1.20 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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