RYCQX vs. RYGBX
RYCQX (Rydex Inverse Russell 2000 Strategy Fund) and RYGBX (Rydex Government Long Bond 1.2x Strategy Fund) are both mutual funds - RYCQX is a Inverse Equities fund managed by Rydex Funds, while RYGBX is a Leveraged Bonds fund managed by Rydex Funds. Over the past 10 years, RYCQX returned -12.08%/yr vs -5.69%/yr for RYGBX. Their 0.23 correlation means their historical movements had little consistent relationship. RYCQX charges 2.49%/yr vs 0.99%/yr for RYGBX.
Performance
RYCQX vs. RYGBX - 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 RYGBX's -5.29% return. Over the past 10 years, RYCQX has underperformed RYGBX with an annualized return of -12.08%, while RYGBX has yielded a comparatively higher -5.69% 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%
RYGBX
- 1D
- -0.13%
- 1M
- -4.11%
- 6M
- -4.50%
- YTD
- -5.29%
- 1Y
- -4.35%
- 3Y*
- -5.78%
- 5Y*
- -13.13%
- 10Y*
- -5.69%
- ALL TIME*
- 1.19%
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. RYGBX - 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% |
RYGBX Rydex Government Long Bond 1.2x Strategy Fund | -5.29% | 2.19% | -12.81% | -1.05% | -40.90% | -7.28% | 21.93% | 17.50% | -5.20% | 9.93% |
Correlation
The correlation between RYCQX and RYGBX is -0.25, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.25 |
Correlation (3Y) Balances recent behavior with more history. | -0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.09 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | 0.23 |
The correlation between RYCQX and RYGBX shifts across timeframes, from -0.25 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RYCQX vs. RYGBX — Risk / Return Rank
RYCQX
RYGBX
RYCQX vs. RYGBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse Russell 2000 Strategy Fund (RYCQX) and Rydex Government Long Bond 1.2x Strategy Fund (RYGBX). 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 | RYGBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.97 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.25 | -0.58 |
| Martin ratioReturn relative to average drawdown | -1.35 | -0.52 | -0.83 |
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Drawdowns
RYCQX vs. RYGBX - Drawdown Comparison
The maximum RYCQX drawdown since its inception was -96.16%, which is greater than RYGBX's maximum drawdown of -62.42%. Use the drawdown chart below to compare losses from any high point for RYCQX and RYGBX.
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Drawdown Indicators
| RYCQX | RYGBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.16% | -62.42% | -33.74% |
Max Drawdown (1Y)Largest decline over 1 year | -26.78% | -9.88% | -16.90% |
Max Drawdown (3Y)Largest decline over 3 years | -42.85% | -19.21% | -23.64% |
Max Drawdown (5Y)Largest decline over 5 years | -42.88% | -55.36% | +12.48% |
Max Drawdown (10Y)Largest decline over 10 years | -74.27% | -62.42% | -11.85% |
Current DrawdownCurrent decline from peak | -96.04% | -60.60% | -35.44% |
Average DrawdownAverage peak-to-trough decline | -70.71% | -19.71% | -51.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.46% | 4.75% | +11.71% |
Volatility
RYCQX vs. RYGBX - Volatility Comparison
Rydex Inverse Russell 2000 Strategy Fund (RYCQX) has a higher volatility of 3.79% compared to Rydex Government Long Bond 1.2x Strategy Fund (RYGBX) at 2.93%. This indicates that RYCQX's price experiences larger fluctuations and is considered to be riskier than RYGBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYCQX | RYGBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 2.93% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 14.07% | 7.92% | +6.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.34% | 10.87% | +8.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.38% | 19.54% | +3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.82% | 19.19% | +4.63% |
RYCQX vs. RYGBX - Expense Ratio Comparison
RYCQX has a 2.49% expense ratio, which is higher than RYGBX's 0.99% expense ratio.
Dividends
RYCQX vs. RYGBX - Dividend Comparison
RYCQX's dividend yield for the trailing twelve months is around 9.22%, more than RYGBX's 3.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYCQX Rydex Inverse Russell 2000 Strategy Fund | 9.22% | 7.87% | 7.14% | 9.87% | 0.00% | 0.00% | 0.08% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% |
RYGBX Rydex Government Long Bond 1.2x Strategy Fund | 3.71% | 3.59% | 2.89% | 2.70% | 1.69% | 0.71% | 46.47% | 5.00% | 1.51% | 1.45% | 5.62% | 2.07% |
Frequently Asked Questions
RYCQX and RYGBX have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYCQX has higher volatility (3.79%) compared to RYGBX (2.93%). In terms of maximum drawdown, RYCQX dropped -96.16% vs RYGBX's -62.42%.
RYGBX currently has the higher Sharpe Ratio (-0.23 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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