RYCLX vs. RYRRX

Last updated Apr 1, 2026

Compare and contrast key facts about Rydex Inverse Mid-Cap Strategy Fund (RYCLX) and Rydex Russell 2000 Fund (RYRRX).

RYCLX is managed by Rydex Funds. It was launched on Feb 19, 2004. RYRRX is managed by Rydex Funds. It was launched on May 31, 2006.

Performance

RYCLX vs. RYRRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Inverse Mid-Cap Strategy Fund (RYCLX) and Rydex Russell 2000 Fund (RYRRX). The values are adjusted to include any dividend payments, if applicable.

RYCLX vs. RYRRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYCLX Rydex Inverse Mid-Cap Strategy Fund	0.49%	-1.04%	-5.59%	-8.75%	8.93%	-24.21%	-25.53%	-21.03%	11.39%	-14.94%
RYRRX Rydex Russell 2000 Fund	-3.06%	10.88%	9.72%	15.17%	-21.70%	13.23%	17.81%	23.57%	-12.58%	12.88%

Returns By Period

In the year-to-date period, RYCLX achieves a 0.49% return, which is significantly higher than RYRRX's -3.06% return. Over the past 10 years, RYCLX has underperformed RYRRX with an annualized return of -10.42%, while RYRRX has yielded a comparatively higher 7.67% annualized return.

RYCLX

• 1D: 0.86%
• 1M: 8.76%
• YTD: 0.49%
• 6M: 1.69%
• 1Y: -8.64%
• 3Y*: -4.16%
• 5Y*: -3.97%
• 10Y*: -10.42%

RYRRX

• 1D: -1.44%
• 1M: -8.36%
• YTD: -3.06%
• 6M: -1.42%
• 1Y: 19.27%
• 3Y*: 9.87%
• 5Y*: 1.40%
• 10Y*: 7.67%

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

RYCLX vs. RYRRX - Expense Ratio Comparison

RYCLX has a 2.39% expense ratio, which is higher than RYRRX's 1.60% expense ratio.

RYCLX

Rydex Inverse Mid-Cap Strategy Fund

RYRRX

Rydex Russell 2000 Fund

Return for Risk

RYCLX vs. RYRRX — Risk / Return Rank

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

RYCLX

RYCLX Risk / Return Rank: 3
RYCLX Sharpe Ratio Rank: 2
RYCLX Sortino Ratio Rank: 2
RYCLX Omega Ratio Rank: 2
RYCLX Calmar Ratio Rank: 3
RYCLX Martin Ratio Rank: 4

RYRRX

RYRRX Risk / Return Rank: 40
RYRRX Sharpe Ratio Rank: 38
RYRRX Sortino Ratio Rank: 42
RYRRX Omega Ratio Rank: 33
RYRRX Calmar Ratio Rank: 47
RYRRX Martin Ratio Rank: 42

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.

RYCLX vs. RYRRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse Mid-Cap Strategy Fund (RYCLX) and Rydex Russell 2000 Fund (RYRRX). 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.

	RYCLX	RYRRX	Difference
Sharpe ratio Return per unit of total volatility	-0.42	0.81	-1.24
Sortino ratio Return per unit of downside risk	-0.46	1.28	-1.73
Omega ratio Gain probability vs. loss probability	0.94	1.16	-0.22
Calmar ratio Return relative to maximum drawdown	-0.27	1.17	-1.44
Martin ratio Return relative to average drawdown	-0.36	4.30	-4.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYCLX vs. RYRRX - Sharpe Ratio Comparison

The current RYCLX Sharpe Ratio is -0.42, which is lower than the RYRRX Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of RYCLX and RYRRX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RYCLX	RYRRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.42	0.81	-1.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.19	0.06	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.49	0.33	-0.82
Sharpe Ratio (All Time) Calculated using the full available price history	-0.53	0.23	-0.76

Correlation

The correlation between RYCLX and RYRRX is -0.95. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

RYCLX vs. RYRRX - Dividend Comparison

RYCLX's dividend yield for the trailing twelve months is around 32.85%, more than RYRRX's 0.67% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYCLX Rydex Inverse Mid-Cap Strategy Fund	32.85%	33.01%	25.75%	9.12%	0.00%	0.00%	0.76%	0.89%	0.00%	0.00%	0.00%	0.00%
RYRRX Rydex Russell 2000 Fund	0.67%	0.65%	1.02%	0.19%	0.00%	12.84%	0.00%	1.46%	0.00%	4.82%	0.00%	2.66%

Drawdowns

RYCLX vs. RYRRX - Drawdown Comparison

The maximum RYCLX drawdown since its inception was -95.37%, which is greater than RYRRX's maximum drawdown of -60.36%. Use the drawdown chart below to compare losses from any high point for RYCLX and RYRRX.

Drawdown Indicators

	RYCLX	RYRRX	Difference
Max Drawdown Largest peak-to-trough decline	-95.37%	-60.36%	-35.01%
Max Drawdown (1Y) Largest decline over 1 year	-26.30%	-13.91%	-12.39%
Max Drawdown (5Y) Largest decline over 5 years	-30.60%	-33.02%	+2.42%
Max Drawdown (10Y) Largest decline over 10 years	-70.37%	-42.84%	-27.53%
Current Drawdown Current decline from peak	-94.92%	-11.43%	-83.49%
Average Drawdown Average peak-to-trough decline	-69.97%	-12.32%	-57.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.44%	3.77%	+15.67%

Volatility

RYCLX vs. RYRRX - Volatility Comparison

The current volatility for Rydex Inverse Mid-Cap Strategy Fund (RYCLX) is 5.70%, while Rydex Russell 2000 Fund (RYRRX) has a volatility of 6.57%. This indicates that RYCLX experiences smaller price fluctuations and is considered to be less risky than RYRRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYCLX	RYRRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.70%	6.57%	-0.87%
Volatility (6M) Calculated over the trailing 6-month period	11.51%	14.07%	-2.56%
Volatility (1Y) Calculated over the trailing 1-year period	20.92%	23.09%	-2.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.52%	22.54%	-2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.42%	23.38%	-1.96%