RYAIX vs. RYURX
RYAIX (Rydex Inverse NASDAQ-100 Strategy Fund) and RYURX (Rydex Inverse S&P 500 Strategy Fund) are both Inverse Equities funds from Rydex Funds. Over the past 10 years, RYAIX returned -19.63%/yr vs -13.15%/yr for RYURX. Their correlation of 0.87 suggests significant overlap in exposure. RYAIX charges 1.55%/yr vs 1.49%/yr for RYURX.
Performance
RYAIX vs. RYURX - 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 RYURX's -7.00% return. Over the past 10 years, RYAIX has underperformed RYURX with an annualized return of -19.63%, while RYURX has yielded a comparatively higher -13.15% 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%
RYURX
- 1D
- 0.40%
- 1M
- 0.17%
- YTD
- -7.00%
- 6M
- -6.01%
- 1Y
- -15.85%
- 3Y*
- -12.15%
- 5Y*
- -8.88%
- 10Y*
- -13.15%
RYAIX vs. RYURX - 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% |
RYURX Rydex Inverse S&P 500 Strategy Fund | -7.00% | -11.41% | -13.04% | -14.56% | 17.56% | -24.19% | -24.90% | -22.65% | 4.33% | -17.38% |
Correlation
The correlation between RYAIX and RYURX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1999 | 0.87 |
The correlation between RYAIX and RYURX has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.
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Return for Risk
RYAIX vs. RYURX — Risk / Return Rank
RYAIX
RYURX
RYAIX vs. RYURX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) and Rydex Inverse S&P 500 Strategy Fund (RYURX). 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 | RYURX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 0.79 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | -0.96 | -0.06 |
| Martin ratioReturn relative to average drawdown | -2.10 | -1.74 | -0.37 |
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Drawdowns
RYAIX vs. RYURX - Drawdown Comparison
The maximum RYAIX drawdown since its inception was -98.93%, roughly equal to the maximum RYURX drawdown of -96.72%. Use the drawdown chart below to compare losses from any high point for RYAIX and RYURX.
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Drawdown Indicators
| RYAIX | RYURX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.93% | -96.72% | -2.21% |
Max Drawdown (1Y)Largest decline over 1 year | -25.69% | -16.51% | -9.18% |
Max Drawdown (3Y)Largest decline over 3 years | -50.13% | -38.48% | -11.65% |
Max Drawdown (5Y)Largest decline over 5 years | -61.15% | -44.10% | -17.05% |
Max Drawdown (10Y)Largest decline over 10 years | -89.04% | -76.43% | -12.61% |
Current DrawdownCurrent decline from peak | -98.92% | -96.66% | -2.26% |
Average DrawdownAverage peak-to-trough decline | -73.33% | -68.96% | -4.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.68% | 10.35% | +3.33% |
Volatility
RYAIX vs. RYURX - Volatility Comparison
Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) has a higher volatility of 8.29% compared to Rydex Inverse S&P 500 Strategy Fund (RYURX) at 4.63%. This indicates that RYAIX's price experiences larger fluctuations and is considered to be riskier than RYURX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYAIX | RYURX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 4.63% | +3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 14.30% | 9.78% | +4.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.81% | 12.43% | +5.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.10% | 17.09% | +6.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.79% | 18.15% | +4.64% |
RYAIX vs. RYURX - Expense Ratio Comparison
RYAIX has a 1.55% expense ratio, which is higher than RYURX's 1.49% expense ratio.
Dividends
RYAIX vs. RYURX - Dividend Comparison
RYAIX's dividend yield for the trailing twelve months is around 2.68%, less than RYURX's 4.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | 2.68% | 2.23% | 5.67% | 4.81% | 0.00% | 0.00% | 0.09% | 0.72% |
RYURX Rydex Inverse S&P 500 Strategy Fund | 4.11% | 3.82% | 6.78% | 2.79% | 0.00% | 0.00% | 0.42% | 0.86% |
Frequently Asked Questions
With a correlation of 0.94, RYAIX and RYURX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
RYAIX has higher volatility (8.29%) compared to RYURX (4.63%). In terms of maximum drawdown, RYAIX dropped -98.93% vs RYURX's -96.72%.
RYURX currently has the higher Sharpe Ratio (-1.34 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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