RYAIX vs. RYTNX

Last updated Apr 1, 2026

Compare and contrast key facts about Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) and Rydex S&P 500 2x Strategy Fund (RYTNX).

RYAIX is managed by Rydex Funds. It was launched on Sep 2, 1998. RYTNX is managed by Rydex Funds. It was launched on May 18, 2000.

Performance

RYAIX vs. RYTNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) and Rydex S&P 500 2x Strategy Fund (RYTNX). The values are adjusted to include any dividend payments, if applicable.

RYAIX vs. RYTNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund	10.70%	-15.63%	-15.64%	-31.71%	35.92%	-24.88%	-40.98%	-27.65%	-2.63%	-24.47%
RYTNX Rydex S&P 500 2x Strategy Fund	-15.39%	24.88%	41.95%	45.20%	-39.32%	55.55%	20.31%	62.29%	-15.06%	42.95%

Returns By Period

In the year-to-date period, RYAIX achieves a 10.70% return, which is significantly higher than RYTNX's -15.39% return. Over the past 10 years, RYAIX has underperformed RYTNX with an annualized return of -16.89%, while RYTNX has yielded a comparatively higher 19.00% annualized return.

RYAIX

• 1D: 0.78%
• 1M: 8.79%
• YTD: 10.70%
• 6M: 9.08%
• 1Y: -14.68%
• 3Y*: -13.58%
• 5Y*: -10.67%
• 10Y*: -16.89%

RYTNX

• 1D: -0.78%
• 1M: -15.42%
• YTD: -15.39%
• 6M: -12.80%
• 1Y: 18.10%
• 3Y*: 24.54%
• 5Y*: 13.04%
• 10Y*: 19.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RYAIX vs. RYTNX - Expense Ratio Comparison

RYAIX has a 1.55% expense ratio, which is lower than RYTNX's 1.82% expense ratio.

RYTNX

Rydex S&P 500 2x Strategy Fund

RYAIX

Rydex Inverse NASDAQ-100 Strategy Fund

Return for Risk

RYAIX vs. RYTNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RYAIX

RYAIX Risk / Return Rank: 2
RYAIX Sharpe Ratio Rank: 1
RYAIX Sortino Ratio Rank: 1
RYAIX Omega Ratio Rank: 1
RYAIX Calmar Ratio Rank: 2
RYAIX Martin Ratio Rank: 4

RYTNX

RYTNX Risk / Return Rank: 25
RYTNX Sharpe Ratio Rank: 21
RYTNX Sortino Ratio Rank: 27
RYTNX Omega Ratio Rank: 29
RYTNX Calmar Ratio Rank: 21
RYTNX Martin Ratio Rank: 25

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RYAIX vs. RYTNX - 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 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.

	RYAIX	RYTNX	Difference
Sharpe ratio Return per unit of total volatility	-0.65	0.54	-1.19
Sortino ratio Return per unit of downside risk	-0.79	0.99	-1.78
Omega ratio Gain probability vs. loss probability	0.89	1.15	-0.26
Calmar ratio Return relative to maximum drawdown	-0.36	0.63	-0.99
Martin ratio Return relative to average drawdown	-0.45	2.73	-3.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYAIX vs. RYTNX - Sharpe Ratio Comparison

The current RYAIX Sharpe Ratio is -0.65, which is lower than the RYTNX Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of RYAIX and RYTNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RYAIX	RYTNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.65	0.54	-1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.47	0.39	-0.86
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.75	0.53	-1.28
Sharpe Ratio (All Time) Calculated using the full available price history	-0.16	0.22	-0.38

Correlation

The correlation between RYAIX and RYTNX is -0.88. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

RYAIX vs. RYTNX - Dividend Comparison

RYAIX's dividend yield for the trailing twelve months is around 2.01%, less than RYTNX's 5.66% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund	2.01%	2.23%	5.67%	4.81%	0.00%	0.00%	0.09%	0.72%	0.00%	0.00%	0.00%	0.00%
RYTNX Rydex S&P 500 2x Strategy Fund	5.66%	4.79%	5.45%	0.14%	0.00%	0.14%	0.69%	1.84%	0.00%	5.84%	0.16%	1.52%

Drawdowns

RYAIX vs. RYTNX - Drawdown Comparison

The maximum RYAIX drawdown since its inception was -98.75%, which is greater than RYTNX's maximum drawdown of -86.64%. Use the drawdown chart below to compare losses from any high point for RYAIX and RYTNX.

Drawdown Indicators

	RYAIX	RYTNX	Difference
Max Drawdown Largest peak-to-trough decline	-98.75%	-86.64%	-12.11%
Max Drawdown (1Y) Largest decline over 1 year	-33.93%	-23.40%	-10.53%
Max Drawdown (5Y) Largest decline over 5 years	-54.73%	-47.01%	-7.72%
Max Drawdown (10Y) Largest decline over 10 years	-87.23%	-59.23%	-28.00%
Current Drawdown Current decline from peak	-98.56%	-18.43%	-80.13%
Average Drawdown Average peak-to-trough decline	-73.13%	-28.72%	-44.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.19%	5.37%	+21.82%

Volatility

RYAIX vs. RYTNX - Volatility Comparison

The current volatility for Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) is 5.34%, while Rydex S&P 500 2x Strategy Fund (RYTNX) has a volatility of 8.52%. This indicates that RYAIX 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.

Volatility by Period

	RYAIX	RYTNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.34%	8.52%	-3.18%
Volatility (6M) Calculated over the trailing 6-month period	12.33%	18.16%	-5.83%
Volatility (1Y) Calculated over the trailing 1-year period	22.52%	36.23%	-13.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.82%	33.67%	-10.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.58%	36.08%	-13.50%