RYCQX vs. RYTPX
RYCQX (Rydex Inverse Russell 2000 Strategy Fund) and RYTPX (Rydex Inverse S&P 500 2x Strategy Fund) are both Inverse Equities funds from Rydex Funds. Over the past 10 years, RYCQX returned -12.09%/yr vs -27.50%/yr for RYTPX. Their correlation of 0.82 means they have usually moved in the same direction. RYCQX charges 2.49%/yr vs 2.16%/yr for RYTPX.
Performance
RYCQX vs. RYTPX - Performance Comparison
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Returns By Period
In the year-to-date period, RYCQX achieves a -15.69% return, which is significantly higher than RYTPX's -17.12% return. Over the past 10 years, RYCQX has outperformed RYTPX with an annualized return of -12.09%, while RYTPX has yielded a comparatively lower -27.50% 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%
RYTPX
- 1D
- -2.92%
- 1M
- -2.71%
- 6M
- -15.76%
- YTD
- -17.12%
- 1Y
- -27.44%
- 3Y*
- -27.15%
- 5Y*
- -20.96%
- 10Y*
- -27.50%
- ALL TIME*
- -21.92%
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. RYTPX - 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% |
RYTPX Rydex Inverse S&P 500 2x Strategy Fund | -17.12% | -27.24% | -29.24% | -31.96% | 29.31% | -43.38% | -50.05% | -41.84% | 4.42% | -32.54% |
Correlation
The correlation between RYCQX and RYTPX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | 0.82 |
The correlation between RYCQX and RYTPX has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.
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Return for Risk
RYCQX vs. RYTPX — Risk / Return Rank
RYCQX
RYTPX
RYCQX vs. RYTPX - 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 S&P 500 2x Strategy Fund (RYTPX). 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 | RYTPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 0.81 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | -1.01 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.69 | -1.72 | +0.03 |
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Drawdowns
RYCQX vs. RYTPX - Drawdown Comparison
The maximum RYCQX drawdown since its inception was -96.16%, roughly equal to the maximum RYTPX drawdown of -99.92%. Use the drawdown chart below to compare losses from any high point for RYCQX and RYTPX.
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Drawdown Indicators
| RYCQX | RYTPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.16% | -99.92% | +3.76% |
Max Drawdown (1Y)Largest decline over 1 year | -25.18% | -29.43% | +4.25% |
Max Drawdown (3Y)Largest decline over 3 years | -42.85% | -68.03% | +25.18% |
Max Drawdown (5Y)Largest decline over 5 years | -42.88% | -75.66% | +32.78% |
Max Drawdown (10Y)Largest decline over 10 years | -74.27% | -96.13% | +21.86% |
Current DrawdownCurrent decline from peak | -96.09% | -99.92% | +3.83% |
Average DrawdownAverage peak-to-trough decline | -70.72% | -82.41% | +11.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.60% | 18.17% | -1.57% |
Volatility
RYCQX vs. RYTPX - Volatility Comparison
The current volatility for Rydex Inverse Russell 2000 Strategy Fund (RYCQX) is 4.20%, while Rydex Inverse S&P 500 2x Strategy Fund (RYTPX) has a volatility of 7.60%. This indicates that RYCQX experiences smaller price fluctuations and is considered to be less risky than RYTPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYCQX | RYTPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 7.60% | -3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 14.08% | 20.42% | -6.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.29% | 25.67% | -6.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.40% | 34.00% | -10.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.83% | 238.86% | -215.03% |
RYCQX vs. RYTPX - Expense Ratio Comparison
RYCQX has a 2.49% expense ratio, which is higher than RYTPX's 2.16% expense ratio.
Dividends
RYCQX vs. RYTPX - Dividend Comparison
RYCQX's dividend yield for the trailing twelve months is around 9.33%, more than RYTPX's 6.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYCQX Rydex Inverse Russell 2000 Strategy Fund | 9.33% | 7.87% | 7.14% | 9.87% | 0.00% | 0.00% | 0.08% | 0.86% |
RYTPX Rydex Inverse S&P 500 2x Strategy Fund | 6.21% | 5.15% | 6.90% | 3.35% | 0.00% | 0.00% | 0.00% | 0.23% |
Frequently Asked Questions
RYCQX and RYTPX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYTPX has higher volatility (7.60%) compared to RYCQX (4.20%). In terms of maximum drawdown, RYCQX dropped -96.16% vs RYTPX's -99.92%.
RYTPX currently has the higher Sharpe Ratio (-1.16 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.
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