RYCQX vs. RYCLX
RYCQX (Rydex Inverse Russell 2000 Strategy Fund) and RYCLX (Rydex Inverse Mid-Cap Strategy Fund) are both Inverse Equities funds from Rydex Funds. Over the past 10 years, RYCQX returned -12.08%/yr vs -10.93%/yr for RYCLX. Their 0.95 correlation means they have historically moved very closely together. RYCQX charges 2.49%/yr vs 2.39%/yr for RYCLX.
Performance
RYCQX vs. RYCLX - Performance Comparison
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Returns By Period
In the year-to-date period, RYCQX achieves a -14.69% return, which is significantly lower than RYCLX's -12.87% return. Over the past 10 years, RYCQX has underperformed RYCLX with an annualized return of -12.08%, while RYCLX has yielded a comparatively higher -10.93% annualized return.
RYCQX
- 1D
- -1.34%
- 1M
- 2.10%
- 6M
- -10.56%
- YTD
- -14.69%
- 1Y
- -24.47%
- 3Y*
- -10.06%
- 5Y*
- -6.22%
- 10Y*
- -12.08%
- ALL TIME*
- -12.61%
RYCLX
- 1D
- -0.88%
- 1M
- 0.19%
- 6M
- -9.12%
- YTD
- -12.87%
- 1Y
- -15.27%
- 3Y*
- -6.53%
- 5Y*
- -5.66%
- 10Y*
- -10.93%
- ALL TIME*
- -12.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RYCQX vs. RYCLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYCQX Rydex Inverse Russell 2000 Strategy Fund | -14.69% | -9.40% | -6.15% | -10.73% | 16.50% | -18.59% | -31.59% | -20.84% | 10.41% | -14.20% |
RYCLX Rydex Inverse Mid-Cap Strategy Fund | -12.87% | -1.04% | -5.59% | -8.75% | 8.93% | -24.21% | -25.53% | -21.03% | 11.39% | -14.94% |
Correlation
The correlation between RYCQX and RYCLX is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | 0.95 |
The correlation between RYCQX and RYCLX has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
RYCQX vs. RYCLX — Risk / Return Rank
RYCQX
RYCLX
RYCQX vs. RYCLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse Russell 2000 Strategy Fund (RYCQX) and Rydex Inverse Mid-Cap Strategy Fund (RYCLX). 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.
| RYCQX | RYCLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.88 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.70 | -0.13 |
| Martin ratioReturn relative to average drawdown | -1.35 | -1.25 | -0.09 |
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Drawdowns
RYCQX vs. RYCLX - Drawdown Comparison
The maximum RYCQX drawdown since its inception was -96.16%, roughly equal to the maximum RYCLX drawdown of -95.66%. Use the drawdown chart below to compare losses from any high point for RYCQX and RYCLX.
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Drawdown Indicators
| RYCQX | RYCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.16% | -95.66% | -0.50% |
Max Drawdown (1Y)Largest decline over 1 year | -26.78% | -18.50% | -8.28% |
Max Drawdown (3Y)Largest decline over 3 years | -42.85% | -32.43% | -10.42% |
Max Drawdown (5Y)Largest decline over 5 years | -42.88% | -34.96% | -7.92% |
Max Drawdown (10Y)Largest decline over 10 years | -74.27% | -71.12% | -3.15% |
Current DrawdownCurrent decline from peak | -96.04% | -95.59% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -70.71% | -70.36% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.46% | 10.37% | +6.09% |
Volatility
RYCQX vs. RYCLX - Volatility Comparison
Rydex Inverse Russell 2000 Strategy Fund (RYCQX) and Rydex Inverse Mid-Cap Strategy Fund (RYCLX) have volatilities of 3.79% and 3.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYCQX | RYCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 3.81% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 14.07% | 11.69% | +2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.34% | 15.80% | +3.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.38% | 20.50% | +2.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.82% | 21.42% | +2.40% |
RYCQX vs. RYCLX - Expense Ratio Comparison
RYCQX has a 2.49% expense ratio, which is higher than RYCLX's 2.39% expense ratio.
Dividends
RYCQX vs. RYCLX - Dividend Comparison
RYCQX's dividend yield for the trailing twelve months is around 9.22%, less than RYCLX's 37.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYCLX Rydex Inverse Mid-Cap Strategy Fund | 37.88% | 33.01% | 25.75% | 9.12% | 0.00% | 0.00% | 0.76% | 0.89% |
RYCQX Rydex Inverse Russell 2000 Strategy Fund | 9.22% | 7.87% | 7.14% | 9.87% | 0.00% | 0.00% | 0.08% | 0.86% |
Frequently Asked Questions
RYCQX and RYCLX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYCLX has higher volatility (3.81%) compared to RYCQX (3.79%). In terms of maximum drawdown, RYCQX dropped -96.16% vs RYCLX's -95.66%.
RYCLX currently has the higher Sharpe Ratio (-0.82 vs -1.15), 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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