RYAIX vs. RYVNX
RYAIX (Rydex Inverse NASDAQ-100 Strategy Fund) and RYVNX (Rydex Inverse NASDAQ-100 2x Strategy Fund) are both Inverse Equities funds from Rydex Funds. Over the past 10 years, RYAIX returned -19.63%/yr vs -39.72%/yr for RYVNX. With a 0.99 correlation, they move nearly in lockstep. RYAIX charges 1.55%/yr vs 2.49%/yr for RYVNX.
Performance
RYAIX vs. RYVNX - Performance Comparison
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Returns By Period
In the year-to-date period, RYAIX achieves a -16.95% return, which is significantly higher than RYVNX's -32.41% return. Over the past 10 years, RYAIX has outperformed RYVNX with an annualized return of -19.63%, while RYVNX has yielded a comparatively lower -39.72% 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%
RYVNX
- 1D
- 0.41%
- 1M
- -7.14%
- YTD
- -32.41%
- 6M
- -30.48%
- 1Y
- -48.46%
- 3Y*
- -38.66%
- 5Y*
- -31.78%
- 10Y*
- -39.72%
RYAIX vs. RYVNX - 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% |
RYVNX Rydex Inverse NASDAQ-100 2x Strategy Fund | -32.41% | -35.24% | -34.30% | -57.09% | 65.14% | -45.41% | -69.71% | -50.05% | -9.71% | -44.28% |
Correlation
The correlation between RYAIX and RYVNX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.99 |
The correlation between RYAIX and RYVNX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
RYAIX vs. RYVNX — Risk / Return Rank
RYAIX
RYVNX
RYAIX vs. RYVNX - 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 NASDAQ-100 2x Strategy Fund (RYVNX). 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 | RYVNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 0.75 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | -1.01 | 0.00 |
| Martin ratioReturn relative to average drawdown | -2.10 | -1.95 | -0.16 |
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Drawdowns
RYAIX vs. RYVNX - Drawdown Comparison
The maximum RYAIX drawdown since its inception was -98.93%, roughly equal to the maximum RYVNX drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for RYAIX and RYVNX.
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Drawdown Indicators
| RYAIX | RYVNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.93% | -100.00% | +1.07% |
Max Drawdown (1Y)Largest decline over 1 year | -25.69% | -47.45% | +21.76% |
Max Drawdown (3Y)Largest decline over 3 years | -50.13% | -79.81% | +29.68% |
Max Drawdown (5Y)Largest decline over 5 years | -61.15% | -88.89% | +27.74% |
Max Drawdown (10Y)Largest decline over 10 years | -89.04% | -99.40% | +10.36% |
Current DrawdownCurrent decline from peak | -98.92% | -100.00% | +1.08% |
Average DrawdownAverage peak-to-trough decline | -73.33% | -89.57% | +16.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.68% | 26.85% | -13.17% |
Volatility
RYAIX vs. RYVNX - Volatility Comparison
The current volatility for Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) is 8.29%, while Rydex Inverse NASDAQ-100 2x Strategy Fund (RYVNX) has a volatility of 16.58%. This indicates that RYAIX experiences smaller price fluctuations and is considered to be less risky than RYVNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYAIX | RYVNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 16.58% | -8.29% |
Volatility (6M)Calculated over the trailing 6-month period | 14.30% | 28.43% | -14.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.81% | 35.47% | -17.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.10% | 45.63% | -22.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.79% | 45.34% | -22.55% |
RYAIX vs. RYVNX - Expense Ratio Comparison
RYAIX has a 1.55% expense ratio, which is lower than RYVNX's 2.49% expense ratio.
Dividends
RYAIX vs. RYVNX - Dividend Comparison
RYAIX's dividend yield for the trailing twelve months is around 2.68%, less than RYVNX's 15.71% 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% |
RYVNX Rydex Inverse NASDAQ-100 2x Strategy Fund | 15.71% | 10.62% | 6.03% | 4.56% | 0.00% | 0.00% | 0.25% | 0.03% |
Frequently Asked Questions
With a correlation of 1.00, RYAIX and RYVNX 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.
RYVNX has higher volatility (16.58%) compared to RYAIX (8.29%). In terms of maximum drawdown, RYAIX dropped -98.93% vs RYVNX's -100.00%.
RYVNX currently has the higher Sharpe Ratio (-1.40 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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