RYCKX vs. VMFGX

Last updated Jun 24, 2026

RYCKX (Rydex S&P MidCap 400 Pure Growth Fund) and VMFGX (Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares) are both Mid Cap Growth Equities funds. Over the past 10 years, RYCKX returned 8.92%/yr vs 12.18%/yr for VMFGX. With a 0.98 correlation, they move nearly in lockstep. RYCKX charges 2.26%/yr vs 0.08%/yr for VMFGX.

Performance

RYCKX vs. VMFGX - 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 Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares (VMFGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYCKX achieves a 21.97% return, which is significantly higher than VMFGX's 20.49% return. Over the past 10 years, RYCKX has underperformed VMFGX with an annualized return of 8.92%, while VMFGX has yielded a comparatively higher 12.18% annualized return.

RYCKX

• 1D: 0.80%
• 1M: 4.65%
• YTD: 21.97%
• 6M: 19.17%
• 1Y: 33.08%
• 3Y*: 17.84%
• 5Y*: 6.05%
• 10Y*: 8.92%

VMFGX

• 1D: 0.63%
• 1M: 4.19%
• YTD: 20.49%
• 6M: 17.90%
• 1Y: 31.74%
• 3Y*: 18.43%
• 5Y*: 8.89%
• 10Y*: 12.18%

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

RYCKX vs. VMFGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYCKX Rydex S&P MidCap 400 Pure Growth Fund	21.97%	6.61%	15.10%	13.97%	-23.05%	11.26%	29.72%	14.60%	-15.17%	18.02%
VMFGX Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares	20.49%	7.43%	15.86%	17.42%	-18.99%	18.83%	22.61%	26.20%	-10.39%	19.87%

Correlation

The correlation between RYCKX and VMFGX is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012	0.98

The correlation between RYCKX and VMFGX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

RYCKX vs. VMFGX — Risk / Return Rank

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

RYCKX

RYCKX Risk / Return Rank: 51
RYCKX Sharpe Ratio Rank: 41
RYCKX Sortino Ratio Rank: 40
RYCKX Omega Ratio Rank: 36
RYCKX Calmar Ratio Rank: 71
RYCKX Martin Ratio Rank: 69

VMFGX

VMFGX Risk / Return Rank: 58
VMFGX Sharpe Ratio Rank: 48
VMFGX Sortino Ratio Rank: 47
VMFGX Omega Ratio Rank: 44
VMFGX Calmar Ratio Rank: 77
VMFGX Martin Ratio Rank: 74

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.

RYCKX vs. VMFGX - 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 Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares (VMFGX). 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	VMFGX	Difference
Sharpe ratio: Return per unit of total volatility	1.73	1.89	-0.17
Sortino ratio: Return per unit of downside risk	2.45	2.68	-0.23
Omega ratio: Gain probability vs. loss probability	1.30	1.33	-0.03
Calmar ratio: Return relative to maximum drawdown	3.12	3.32	-0.20
Martin ratio: Return relative to average drawdown	12.52	13.13	-0.61

RYCKX vs. VMFGX - Sharpe Ratio Comparison

The current RYCKX Sharpe Ratio is 1.73, which is comparable to the VMFGX Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of RYCKX and VMFGX, 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. VMFGX - Drawdown Comparison

The maximum RYCKX drawdown since its inception was -52.60%, which is greater than VMFGX's maximum drawdown of -39.15%. Use the drawdown chart below to compare losses from any high point for RYCKX and VMFGX.

Drawdown Indicators

	RYCKX	VMFGX	Difference
Max Drawdown Largest peak-to-trough decline	-52.60%	-39.15%	-13.45%
Max Drawdown (1Y) Largest decline over 1 year	-10.50%	-9.91%	-0.59%
Max Drawdown (3Y) Largest decline over 3 years	-27.14%	-25.45%	-1.69%
Max Drawdown (5Y) Largest decline over 5 years	-35.98%	-29.25%	-6.73%
Max Drawdown (10Y) Largest decline over 10 years	-44.75%	-39.15%	-5.60%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.49%	-5.69%	-3.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	2.50%	+0.12%

Volatility

RYCKX vs. VMFGX - Volatility Comparison

Rydex S&P MidCap 400 Pure Growth Fund (RYCKX) has a higher volatility of 6.34% compared to Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares (VMFGX) at 5.57%. This indicates that RYCKX's price experiences larger fluctuations and is considered to be riskier than VMFGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYCKX	VMFGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.34%	5.57%	+0.77%
Volatility (6M) Calculated over the trailing 6-month period	15.39%	13.68%	+1.71%
Volatility (1Y) Calculated over the trailing 1-year period	19.04%	17.42%	+1.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.87%	20.69%	+2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.12%	21.10%	+2.02%

RYCKX vs. VMFGX - Expense Ratio Comparison

RYCKX has a 2.26% expense ratio, which is higher than VMFGX's 0.08% expense ratio.

Dividends

RYCKX vs. VMFGX - Dividend Comparison

RYCKX has not paid dividends to shareholders, while VMFGX's dividend yield for the trailing twelve months is around 0.58%.

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%
VMFGX Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares	0.58%	0.70%	0.84%	1.21%	1.12%	0.53%	0.79%	1.22%	1.18%	0.93%	1.14%	1.14%

Frequently Asked Questions

Can I hold both RYCKX and VMFGX in my portfolio?

With a correlation of 0.97, RYCKX and VMFGX 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, RYCKX or VMFGX?

RYCKX has higher volatility (6.34%) compared to VMFGX (5.57%). In terms of maximum drawdown, RYCKX dropped -52.60% vs VMFGX's -39.15%.

Which has better risk-adjusted returns?

VMFGX currently has the higher Sharpe Ratio (1.89 vs 1.73), 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.