RYCKX vs. RYHIX

Last updated Aug 1, 2026

RYCKX (Rydex S&P MidCap 400 Pure Growth Fund) and RYHIX (Rydex Health Care Fund) are both mutual funds - RYCKX is a Mid Cap Growth Equities fund managed by Rydex Funds, while RYHIX is a Health & Biotech Equities fund managed by Rydex Funds. Over the past 10 years, RYCKX returned 7.23%/yr vs 8.74%/yr for RYHIX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. RYCKX charges 2.26%/yr vs 1.35%/yr for RYHIX.

Performance

RYCKX vs. RYHIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex S&P MidCap 400 Pure Growth Fund (RYCKX) and Rydex Health Care Fund (RYHIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYCKX achieves a 12.35% return, which is significantly higher than RYHIX's 8.50% return. Over the past 10 years, RYCKX has underperformed RYHIX with an annualized return of 7.23%, while RYHIX has yielded a comparatively higher 8.74% annualized return.

RYCKX

• 1D: 2.48%
• 1M: -4.87%
• 6M: 7.29%
• YTD: 12.35%
• 1Y: 17.29%
• 3Y*: 11.54%
• 5Y*: 4.05%
• 10Y*: 7.23%
• ALL TIME*: 7.68%

RYHIX

• 1D: -0.65%
• 1M: -0.83%
• 6M: 7.83%
• YTD: 8.50%
• 1Y: 27.33%
• 3Y*: 8.73%
• 5Y*: 3.65%
• 10Y*: 8.74%
• ALL TIME*: 7.51%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RYCKX Rydex S&P MidCap 400 Pure Growth Fund	$0.00	$0.00	$0.00
RYHIX Rydex Health Care Fund	$0.00	$0.00	$0.00

RYCKX vs. RYHIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYCKX Rydex S&P MidCap 400 Pure Growth Fund	12.35%	6.61%	15.10%	13.97%	-23.05%	11.26%	29.72%	14.60%	-15.17%	18.02%
RYHIX Rydex Health Care Fund	8.50%	14.42%	0.61%	5.84%	-11.59%	19.27%	18.84%	22.77%	1.56%	23.48%

Correlation

The correlation between RYCKX and RYHIX is 0.43, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.43
Correlation (3Y) Balances recent behavior with more history.	0.56
Correlation (5Y) Shows whether the relationship held over a longer period.	0.65
Correlation (10Y) Provides a long-term view across more market conditions.	0.70
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005	0.74

Over the past year, the correlation between RYCKX and RYHIX has dropped to 0.43 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

Return for Risk

RYCKX vs. RYHIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RYCKX

RYCKX Risk / Return Rank: 23
RYCKX Sharpe Ratio Rank: 19
RYCKX Sortino Ratio Rank: 20
RYCKX Omega Ratio Rank: 19
RYCKX Calmar Ratio Rank: 29
RYCKX Martin Ratio Rank: 31

RYHIX

RYHIX Risk / Return Rank: 58
RYHIX Sharpe Ratio Rank: 65
RYHIX Sortino Ratio Rank: 69
RYHIX Omega Ratio Rank: 58
RYHIX Calmar Ratio Rank: 62
RYHIX Martin Ratio Rank: 39

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RYCKX vs. RYHIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex S&P MidCap 400 Pure Growth Fund (RYCKX) and Rydex Health Care Fund (RYHIX). 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.

	RYCKX	RYHIX	Difference
Sharpe ratio: Return per unit of total volatility	0.70	1.58	-0.88
Sortino ratio: Return per unit of downside risk	1.12	2.38	-1.26
Omega ratio: Gain probability vs. loss probability	1.13	1.28	-0.14
Calmar ratio: Return relative to maximum drawdown	1.31	2.15	-0.83
Martin ratio: Return relative to average drawdown	4.47	5.84	-1.37

RYCKX vs. RYHIX - Sharpe Ratio Comparison

The current RYCKX Sharpe Ratio is 0.70, which is lower than the RYHIX Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of RYCKX and RYHIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RYCKX vs. RYHIX - Drawdown Comparison

The maximum RYCKX drawdown since its inception was -52.60%, which is greater than RYHIX's maximum drawdown of -41.27%. Use the drawdown chart below to compare losses from any high point for RYCKX and RYHIX.

Drawdown Indicators

	RYCKX	RYHIX	Difference
Max Drawdown Largest peak-to-trough decline	-52.60%	-41.27%	-11.33%
Max Drawdown (1Y) Largest decline over 1 year	-10.50%	-11.31%	+0.81%
Max Drawdown (3Y) Largest decline over 3 years	-27.14%	-17.46%	-9.68%
Max Drawdown (5Y) Largest decline over 5 years	-35.98%	-22.83%	-13.15%
Max Drawdown (10Y) Largest decline over 10 years	-44.75%	-29.03%	-15.72%
Current Drawdown Current decline from peak	-7.89%	-1.24%	-6.65%
Average Drawdown Average peak-to-trough decline	-9.47%	-8.62%	-0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	4.17%	-1.01%

Volatility

RYCKX vs. RYHIX - Volatility Comparison

Rydex S&P MidCap 400 Pure Growth Fund (RYCKX) has a higher volatility of 6.19% compared to Rydex Health Care Fund (RYHIX) at 5.12%. This indicates that RYCKX's price experiences larger fluctuations and is considered to be riskier than RYHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYCKX	RYHIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.19%	5.12%	+1.07%
Volatility (6M) Calculated over the trailing 6-month period	16.24%	11.66%	+4.58%
Volatility (1Y) Calculated over the trailing 1-year period	19.70%	15.39%	+4.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.97%	16.02%	+6.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.11%	17.65%	+5.46%

RYCKX vs. RYHIX - Expense Ratio Comparison

RYCKX has a 2.26% expense ratio, which is higher than RYHIX's 1.35% expense ratio.

Dividends

RYCKX vs. RYHIX - Dividend Comparison

RYCKX has not paid dividends to shareholders, while RYHIX's dividend yield for the trailing twelve months is around 2.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYCKX Rydex S&P MidCap 400 Pure Growth Fund	0.00%	0.00%	20.92%	0.00%	14.34%	13.66%	1.29%	0.00%	18.93%	7.60%	1.72%	5.90%
RYHIX Rydex Health Care Fund	2.01%	2.18%	0.00%	0.00%	1.64%	3.19%	8.81%	0.00%	1.76%	9.17%	13.88%	6.39%

Frequently Asked Questions

Can I hold both RYCKX and RYHIX in my portfolio?

RYCKX and RYHIX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYCKX or RYHIX?

RYCKX has higher volatility (6.19%) compared to RYHIX (5.12%). In terms of maximum drawdown, RYCKX dropped -52.60% vs RYHIX's -41.27%.

Which has better risk-adjusted returns?

RYHIX currently has the higher Sharpe Ratio (1.58 vs 0.70), 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.