RYCYX vs. RYGBX
RYCYX (Rydex Dow 2x Strategy Fund) and RYGBX (Rydex Government Long Bond 1.2x Strategy Fund) are both mutual funds - RYCYX is a Leveraged Equities fund managed by Rydex Funds, while RYGBX is a Leveraged Bonds fund managed by Rydex Funds. Over the past 10 years, RYCYX returned 17.83%/yr vs -5.56%/yr for RYGBX. Their -0.26 correlation means they have often moved in opposite directions in the past. RYCYX charges 2.61%/yr vs 0.99%/yr for RYGBX.
Performance
RYCYX vs. RYGBX - Performance Comparison
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Returns By Period
In the year-to-date period, RYCYX achieves a 18.19% return, which is significantly higher than RYGBX's -5.72% return. Over the past 10 years, RYCYX has outperformed RYGBX with an annualized return of 17.83%, while RYGBX has yielded a comparatively lower -5.56% annualized return.
RYCYX
- 1D
- 2.59%
- 1M
- 0.37%
- 6M
- 13.35%
- YTD
- 18.19%
- 1Y
- 36.90%
- 3Y*
- 23.84%
- 5Y*
- 12.22%
- 10Y*
- 17.83%
- ALL TIME*
- 11.54%
RYGBX
- 1D
- 0.37%
- 1M
- -4.54%
- 6M
- -4.77%
- YTD
- -5.72%
- 1Y
- -5.07%
- 3Y*
- -4.57%
- 5Y*
- -13.47%
- 10Y*
- -5.56%
- ALL TIME*
- 1.18%
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 |
RYCYX vs. RYGBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYCYX Rydex Dow 2x Strategy Fund | 18.19% | 18.63% | 19.61% | 22.59% | -20.44% | 39.43% | 1.17% | 46.39% | -14.47% | 56.42% |
RYGBX Rydex Government Long Bond 1.2x Strategy Fund | -5.72% | 2.19% | -12.81% | -1.05% | -40.90% | -7.28% | 21.93% | 17.50% | -5.20% | 9.93% |
Correlation
The correlation between RYCYX and RYGBX is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | -0.26 |
The correlation between RYCYX and RYGBX shifts across timeframes, from -0.26 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RYCYX vs. RYGBX — Risk / Return Rank
RYCYX
RYGBX
RYCYX vs. RYGBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Dow 2x Strategy Fund (RYCYX) 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.
| RYCYX | RYGBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.07 | ||
| Sortino ratioReturn per unit of downside risk | +2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.94 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | -0.46 | +2.55 |
| Martin ratioReturn relative to average drawdown | 7.63 | -0.99 | +8.62 |
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Drawdowns
RYCYX vs. RYGBX - Drawdown Comparison
The maximum RYCYX drawdown since its inception was -82.36%, which is greater than RYGBX's maximum drawdown of -62.42%. Use the drawdown chart below to compare losses from any high point for RYCYX and RYGBX.
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Drawdown Indicators
| RYCYX | RYGBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.36% | -62.42% | -19.94% |
Max Drawdown (1Y)Largest decline over 1 year | -19.49% | -10.47% | -9.02% |
Max Drawdown (3Y)Largest decline over 3 years | -32.15% | -19.21% | -12.94% |
Max Drawdown (5Y)Largest decline over 5 years | -40.72% | -55.36% | +14.64% |
Max Drawdown (10Y)Largest decline over 10 years | -63.19% | -62.42% | -0.77% |
Current DrawdownCurrent decline from peak | -0.25% | -60.77% | +60.52% |
Average DrawdownAverage peak-to-trough decline | -17.99% | -19.72% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | 4.84% | +0.49% |
Volatility
RYCYX vs. RYGBX - Volatility Comparison
Rydex Dow 2x Strategy Fund (RYCYX) has a higher volatility of 7.66% compared to Rydex Government Long Bond 1.2x Strategy Fund (RYGBX) at 2.99%. This indicates that RYCYX'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
| RYCYX | RYGBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.66% | 2.99% | +4.67% |
Volatility (6M)Calculated over the trailing 6-month period | 19.92% | 7.97% | +11.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.16% | 10.78% | +14.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.71% | 19.53% | +10.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.23% | 19.18% | +16.05% |
RYCYX vs. RYGBX - Expense Ratio Comparison
RYCYX has a 2.61% expense ratio, which is higher than RYGBX's 0.99% expense ratio.
Dividends
RYCYX vs. RYGBX - Dividend Comparison
RYCYX's dividend yield for the trailing twelve months is around 1.52%, less than RYGBX's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYCYX Rydex Dow 2x Strategy Fund | 1.52% | 1.80% | 4.14% | 0.48% | 2.55% | 4.76% | 0.00% | 3.81% | 0.00% | 5.81% | 0.65% | 7.34% |
RYGBX Rydex Government Long Bond 1.2x Strategy Fund | 3.73% | 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
RYCYX and RYGBX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYCYX has higher volatility (7.66%) compared to RYGBX (2.99%). In terms of maximum drawdown, RYCYX dropped -82.36% vs RYGBX's -62.42%.
RYCYX currently has the higher Sharpe Ratio (1.62 vs -0.45), 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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