RYCQX vs. RYURX
RYCQX (Rydex Inverse Russell 2000 Strategy Fund) and RYURX (Rydex Inverse S&P 500 Strategy Fund) are both Inverse Equities funds from Rydex Funds. Over the past 10 years, RYCQX returned -12.09%/yr vs -12.61%/yr for RYURX. Their correlation of 0.86 means they have usually moved in the same direction. RYCQX charges 2.49%/yr vs 1.49%/yr for RYURX.
Performance
RYCQX vs. RYURX - Performance Comparison
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Returns By Period
In the year-to-date period, RYCQX achieves a -15.69% return, which is significantly lower than RYURX's -8.07% return. Both investments have delivered pretty close results over the past 10 years, with RYCQX having a -12.09% annualized return and RYURX not far behind at -12.61%.
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%
RYURX
- 1D
- -1.49%
- 1M
- -1.24%
- 6M
- -7.54%
- YTD
- -8.07%
- 1Y
- -13.22%
- 3Y*
- -11.90%
- 5Y*
- -8.35%
- 10Y*
- -12.61%
- ALL TIME*
- -10.24%
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. RYURX - 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% |
RYURX Rydex Inverse S&P 500 Strategy Fund | -8.07% | -11.41% | -13.04% | -14.56% | 17.56% | -24.19% | -24.90% | -22.65% | 4.33% | -17.38% |
Correlation
The correlation between RYCQX and RYURX is 0.79, 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. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | 0.86 |
The correlation between RYCQX and RYURX has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.
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Return for Risk
RYCQX vs. RYURX — Risk / Return Rank
RYCQX
RYURX
RYCQX vs. RYURX - 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 Strategy Fund (RYURX). 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 | RYURX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 0.82 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | -0.90 | -0.11 |
| Martin ratioReturn relative to average drawdown | -1.69 | -1.66 | -0.03 |
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Drawdowns
RYCQX vs. RYURX - Drawdown Comparison
The maximum RYCQX drawdown since its inception was -96.16%, roughly equal to the maximum RYURX drawdown of -96.72%. Use the drawdown chart below to compare losses from any high point for RYCQX and RYURX.
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Drawdown Indicators
| RYCQX | RYURX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.16% | -96.72% | +0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -25.18% | -16.08% | -9.10% |
Max Drawdown (3Y)Largest decline over 3 years | -42.85% | -38.48% | -4.37% |
Max Drawdown (5Y)Largest decline over 5 years | -42.88% | -44.10% | +1.22% |
Max Drawdown (10Y)Largest decline over 10 years | -74.27% | -75.17% | +0.90% |
Current DrawdownCurrent decline from peak | -96.09% | -96.70% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -70.72% | -69.06% | -1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.60% | 9.07% | +7.53% |
Volatility
RYCQX vs. RYURX - Volatility Comparison
Rydex Inverse Russell 2000 Strategy Fund (RYCQX) has a higher volatility of 4.20% compared to Rydex Inverse S&P 500 Strategy Fund (RYURX) at 3.77%. This indicates that RYCQX's price experiences larger fluctuations and is considered to be riskier than RYURX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYCQX | RYURX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 3.77% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 14.08% | 10.16% | +3.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.29% | 12.78% | +6.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.40% | 17.12% | +6.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.83% | 18.12% | +5.71% |
RYCQX vs. RYURX - Expense Ratio Comparison
RYCQX has a 2.49% expense ratio, which is higher than RYURX's 1.49% expense ratio.
Dividends
RYCQX vs. RYURX - Dividend Comparison
RYCQX's dividend yield for the trailing twelve months is around 9.33%, more than RYURX's 4.15% 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% |
RYURX Rydex Inverse S&P 500 Strategy Fund | 4.15% | 3.82% | 6.78% | 2.79% | 0.00% | 0.00% | 0.42% | 0.86% |
Frequently Asked Questions
RYCQX and RYURX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYCQX has higher volatility (4.20%) compared to RYURX (3.77%). In terms of maximum drawdown, RYCQX dropped -96.16% vs RYURX's -96.72%.
RYURX currently has the higher Sharpe Ratio (-1.14 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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