RYCIX vs. XLP

Last updated Jun 4, 2026

RYCIX (Rydex Consumer Products Fund) and XLP (State Street Consumer Staples Select Sector SPDR ETF) are both Consumer Staples Equities funds. Over the past 10 years, RYCIX returned 3.72%/yr vs 7.20%/yr for XLP. Their correlation of 0.85 suggests significant overlap in exposure. RYCIX charges 1.39%/yr vs 0.08%/yr for XLP.

Performance

RYCIX vs. XLP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Consumer Products Fund (RYCIX) and State Street Consumer Staples Select Sector SPDR ETF (XLP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYCIX achieves a 2.18% return, which is significantly lower than XLP's 6.36% return. Over the past 10 years, RYCIX has underperformed XLP with an annualized return of 3.72%, while XLP has yielded a comparatively higher 7.20% annualized return.

RYCIX

• 1D: -0.51%
• 1M: -1.49%
• YTD: 2.18%
• 6M: 1.01%
• 1Y: -4.43%
• 3Y*: 0.52%
• 5Y*: 0.32%
• 10Y*: 3.72%

XLP

• 1D: 0.40%
• 1M: -1.65%
• YTD: 6.36%
• 6M: 5.65%
• 1Y: 1.97%
• 3Y*: 6.59%
• 5Y*: 5.55%
• 10Y*: 7.20%

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

RYCIX vs. XLP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYCIX Rydex Consumer Products Fund	2.18%	-2.99%	4.97%	-2.81%	-0.42%	11.09%	8.26%	22.81%	-11.80%	11.94%
XLP State Street Consumer Staples Select Sector SPDR ETF	6.36%	1.52%	12.20%	-0.82%	-0.81%	17.20%	10.11%	27.43%	-8.07%	12.98%

Correlation

The correlation between RYCIX and XLP is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 5, 1999	0.85

The correlation between RYCIX and XLP has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.

Return for Risk

RYCIX vs. XLP — Risk / Return Rank

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

RYCIX

RYCIX Risk / Return Rank: 1
RYCIX Sharpe Ratio Rank: 1
RYCIX Sortino Ratio Rank: 1
RYCIX Omega Ratio Rank: 1
RYCIX Calmar Ratio Rank: 1
RYCIX Martin Ratio Rank: 1

XLP

XLP Risk / Return Rank: 10
XLP Sharpe Ratio Rank: 10
XLP Sortino Ratio Rank: 10
XLP Omega Ratio Rank: 10
XLP Calmar Ratio Rank: 11
XLP Martin Ratio Rank: 10

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.

RYCIX vs. XLP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Consumer Products Fund (RYCIX) and State Street Consumer Staples Select Sector SPDR ETF (XLP). 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.

	RYCIX	XLP	Difference
Sharpe ratio Return per unit of total volatility	-0.40	0.16	-0.55
Sortino ratio Return per unit of downside risk	-0.48	0.31	-0.79
Omega ratio Gain probability vs. loss probability	0.95	1.04	-0.09
Calmar ratio Return relative to maximum drawdown	-0.42	0.20	-0.63
Martin ratio Return relative to average drawdown	-0.76	0.40	-1.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYCIX vs. XLP - Sharpe Ratio Comparison

The current RYCIX Sharpe Ratio is -0.40, which is lower than the XLP Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of RYCIX and XLP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RYCIX	XLP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.40	0.16	-0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	0.42	-0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.49	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.43	-0.05

Drawdowns

RYCIX vs. XLP - Drawdown Comparison

The maximum RYCIX drawdown since its inception was -38.96%, which is greater than XLP's maximum drawdown of -35.90%. Use the drawdown chart below to compare losses from any high point for RYCIX and XLP.

Drawdown Indicators

	RYCIX	XLP	Difference
Max Drawdown Largest peak-to-trough decline	-38.96%	-35.90%	-3.06%
Max Drawdown (1Y) Largest decline over 1 year	-11.48%	-9.69%	-1.79%
Max Drawdown (3Y) Largest decline over 3 years	-14.03%	-12.39%	-1.64%
Max Drawdown (5Y) Largest decline over 5 years	-15.66%	-16.30%	+0.64%
Max Drawdown (10Y) Largest decline over 10 years	-28.44%	-24.51%	-3.93%
Current Drawdown Current decline from peak	-10.38%	-8.21%	-2.17%
Average Drawdown Average peak-to-trough decline	-7.31%	-7.06%	-0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.38%	4.93%	+1.45%

Volatility

RYCIX vs. XLP - Volatility Comparison

The current volatility for Rydex Consumer Products Fund (RYCIX) is 3.44%, while State Street Consumer Staples Select Sector SPDR ETF (XLP) has a volatility of 3.97%. This indicates that RYCIX experiences smaller price fluctuations and is considered to be less risky than XLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYCIX	XLP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.44%	3.97%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	9.18%	9.86%	-0.68%
Volatility (1Y) Calculated over the trailing 1-year period	12.24%	12.66%	-0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.55%	13.29%	+1.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.30%	14.73%	+0.57%

RYCIX vs. XLP - Expense Ratio Comparison

RYCIX has a 1.39% expense ratio, which is higher than XLP's 0.08% expense ratio.

Dividends

RYCIX vs. XLP - Dividend Comparison

RYCIX's dividend yield for the trailing twelve months is around 17.26%, more than XLP's 2.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYCIX Rydex Consumer Products Fund	17.26%	17.64%	6.59%	11.37%	7.18%	14.76%	8.33%	2.64%	7.21%	8.01%	1.39%	2.08%
XLP State Street Consumer Staples Select Sector SPDR ETF	2.65%	2.75%	2.77%	2.63%	2.47%	2.28%	2.50%	2.57%	3.04%	2.62%	2.53%	2.52%

Frequently Asked Questions

Can I hold both RYCIX and XLP in my portfolio?

With a correlation of 0.92, RYCIX and XLP 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.

Which is riskier, RYCIX or XLP?

XLP has higher volatility (3.97%) compared to RYCIX (3.44%). In terms of maximum drawdown, RYCIX dropped -38.96% vs XLP's -35.90%.

Which has better risk-adjusted returns?

XLP currently has the higher Sharpe Ratio (0.16 vs -0.40), 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.