RYCQX vs. RYPMX

Last updated Aug 5, 2026

RYCQX (Rydex Inverse Russell 2000 Strategy Fund) and RYPMX (Rydex Precious Metals Fund) are both mutual funds - RYCQX is a Inverse Equities fund managed by Rydex Funds, while RYPMX is a Precious Metals fund managed by Rydex Funds. Over the past 10 years, RYCQX returned -12.09%/yr vs 10.40%/yr for RYPMX. Their -0.31 correlation means they have often moved in opposite directions in the past. RYCQX charges 2.49%/yr vs 1.26%/yr for RYPMX.

Performance

RYCQX vs. RYPMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Inverse Russell 2000 Strategy Fund (RYCQX) and Rydex Precious Metals Fund (RYPMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYCQX achieves a -15.69% return, which is significantly lower than RYPMX's -9.52% return. Over the past 10 years, RYCQX has underperformed RYPMX with an annualized return of -12.09%, while RYPMX has yielded a comparatively higher 10.40% annualized return.

RYCQX

• 1D: -1.70%
• 1M: 0.90%
• 6M: -10.47%
• YTD: -15.69%
• 1Y: -23.76%
• 3Y*: -11.12%
• 5Y*: -6.68%
• 10Y*: -12.09%
• ALL TIME*: -12.65%

RYPMX

• 1D: 2.58%
• 1M: -4.54%
• 6M: -22.25%
• YTD: -9.52%
• 1Y: 43.15%
• 3Y*: 37.31%
• 5Y*: 16.86%
• 10Y*: 10.40%
• ALL TIME*: 2.53%

*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)
RYCQX Rydex Inverse Russell 2000 Strategy Fund	$0.00	$0.00	$0.00
RYPMX Rydex Precious Metals Fund	$0.00	$0.00	$0.00

RYCQX vs. RYPMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYCQX Rydex Inverse Russell 2000 Strategy Fund	-15.69%	-9.40%	-6.15%	-10.73%	16.50%	-18.59%	-31.59%	-20.84%	10.41%	-14.20%
RYPMX Rydex Precious Metals Fund	-9.52%	148.94%	10.14%	4.24%	-10.57%	-8.96%	34.25%	52.91%	-16.56%	7.04%

Correlation

The correlation between RYCQX and RYPMX is -0.47, 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.	-0.47
Correlation (3Y) Balances recent behavior with more history.	-0.37
Correlation (5Y) Shows whether the relationship held over a longer period.	-0.36
Correlation (10Y) Provides a long-term view across more market conditions.	-0.26
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005	-0.31

The correlation between RYCQX and RYPMX shifts across timeframes, from -0.47 (1 year) to -0.26 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

RYCQX vs. RYPMX — Risk / Return Rank

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

RYCQX

RYCQX Risk / Return Rank: 0
RYCQX Sharpe Ratio Rank: 0
RYCQX Sortino Ratio Rank: 0
RYCQX Omega Ratio Rank: 0
RYCQX Calmar Ratio Rank: 0
RYCQX Martin Ratio Rank: 0

RYPMX

RYPMX Risk / Return Rank: 25
RYPMX Sharpe Ratio Rank: 27
RYPMX Sortino Ratio Rank: 26
RYPMX Omega Ratio Rank: 28
RYPMX Calmar Ratio Rank: 25
RYPMX Martin Ratio Rank: 19

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.

RYCQX vs. RYPMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse Russell 2000 Strategy Fund (RYCQX) and Rydex Precious Metals Fund (RYPMX). 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	RYPMX	Difference
Sharpe ratio: Return per unit of total volatility	-1.32	1.02	-2.35
Sortino ratio: Return per unit of downside risk	-1.87	1.48	-3.34
Omega ratio: Gain probability vs. loss probability	0.79	1.20	-0.40
Calmar ratio: Return relative to maximum drawdown	-1.01	1.29	-2.30
Martin ratio: Return relative to average drawdown	-1.69	2.80	-4.49

RYCQX vs. RYPMX - Sharpe Ratio Comparison

The current RYCQX Sharpe Ratio is -1.32, which is lower than the RYPMX Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of RYCQX and RYPMX, 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

RYCQX vs. RYPMX - Drawdown Comparison

The maximum RYCQX drawdown since its inception was -96.16%, which is greater than RYPMX's maximum drawdown of -81.25%. Use the drawdown chart below to compare losses from any high point for RYCQX and RYPMX.

Drawdown Indicators

	RYCQX	RYPMX	Difference
Max Drawdown Largest peak-to-trough decline	-96.16%	-81.25%	-14.91%
Max Drawdown (1Y) Largest decline over 1 year	-25.18%	-38.89%	+13.71%
Max Drawdown (3Y) Largest decline over 3 years	-42.85%	-38.89%	-3.96%
Max Drawdown (5Y) Largest decline over 5 years	-42.88%	-46.46%	+3.58%
Max Drawdown (10Y) Largest decline over 10 years	-74.27%	-47.81%	-26.46%
Current Drawdown Current decline from peak	-96.09%	-34.42%	-61.67%
Average Drawdown Average peak-to-trough decline	-70.72%	-40.33%	-30.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.60%	17.83%	-1.23%

Volatility

RYCQX vs. RYPMX - Volatility Comparison

The current volatility for Rydex Inverse Russell 2000 Strategy Fund (RYCQX) is 4.20%, while Rydex Precious Metals Fund (RYPMX) has a volatility of 12.57%. This indicates that RYCQX experiences smaller price fluctuations and is considered to be less risky than RYPMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYCQX	RYPMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.20%	12.57%	-8.37%
Volatility (6M) Calculated over the trailing 6-month period	14.08%	37.79%	-23.71%
Volatility (1Y) Calculated over the trailing 1-year period	19.29%	48.98%	-29.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.40%	37.74%	-14.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.83%	37.26%	-13.43%

RYCQX vs. RYPMX - Expense Ratio Comparison

RYCQX has a 2.49% expense ratio, which is higher than RYPMX's 1.26% expense ratio.

Dividends

RYCQX vs. RYPMX - Dividend Comparison

RYCQX's dividend yield for the trailing twelve months is around 9.33%, more than RYPMX's 3.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYCQX Rydex Inverse Russell 2000 Strategy Fund	9.33%	7.87%	7.14%	9.87%	0.00%	0.00%	0.08%	0.86%	0.00%	0.00%	0.00%	0.00%
RYPMX Rydex Precious Metals Fund	3.32%	3.01%	0.00%	3.51%	7.15%	6.39%	1.06%	2.08%	1.35%	5.53%	4.04%	0.58%

Frequently Asked Questions

Can I hold both RYCQX and RYPMX in my portfolio?

RYCQX and RYPMX have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYCQX or RYPMX?

RYPMX has higher volatility (12.57%) compared to RYCQX (4.20%). In terms of maximum drawdown, RYCQX dropped -96.16% vs RYPMX's -81.25%.

Which has better risk-adjusted returns?

RYPMX currently has the higher Sharpe Ratio (1.02 vs -1.32), 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.