RYCYX vs. RYLD
Compare and contrast key facts about Rydex Dow 2x Strategy Fund (RYCYX) and Global X Russell 2000 Covered Call ETF (RYLD).
RYCYX is managed by Rydex Funds. It was launched on Feb 19, 2004. RYLD is a passively managed fund by Global X that tracks the performance of the CBOE Russell 2000 BuyWrite Index. It was launched on Apr 17, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYCYX or RYLD.
Correlation
The correlation between RYCYX and RYLD is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
RYCYX vs. RYLD - Performance Comparison
Key characteristics
RYCYX:
0.81
RYLD:
1.37
RYCYX:
1.25
RYLD:
1.93
RYCYX:
1.16
RYLD:
1.27
RYCYX:
1.15
RYLD:
0.84
RYCYX:
3.17
RYLD:
8.80
RYCYX:
6.01%
RYLD:
1.65%
RYCYX:
23.56%
RYLD:
10.63%
RYCYX:
-82.36%
RYLD:
-41.52%
RYCYX:
-8.02%
RYLD:
-3.42%
Returns By Period
In the year-to-date period, RYCYX achieves a 6.90% return, which is significantly higher than RYLD's 3.49% return.
RYCYX
6.90%
0.24%
10.65%
19.18%
9.04%
12.06%
RYLD
3.49%
0.78%
10.52%
15.65%
3.73%
N/A
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RYCYX vs. RYLD - Expense Ratio Comparison
RYCYX has a 2.61% expense ratio, which is higher than RYLD's 0.60% expense ratio.
Risk-Adjusted Performance
RYCYX vs. RYLD — Risk-Adjusted Performance Rank
RYCYX
RYLD
RYCYX vs. RYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Dow 2x Strategy Fund (RYCYX) and Global X Russell 2000 Covered Call ETF (RYLD). 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.
Dividends
RYCYX vs. RYLD - Dividend Comparison
RYCYX's dividend yield for the trailing twelve months is around 0.72%, less than RYLD's 10.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
RYCYX Rydex Dow 2x Strategy Fund | 0.72% | 0.77% | 0.48% | 0.00% | 0.00% | 0.00% | 0.42% | 0.00% | 0.16% |
RYLD Global X Russell 2000 Covered Call ETF | 10.79% | 12.03% | 12.65% | 13.50% | 12.35% | 10.77% | 6.44% | 0.00% | 0.00% |
Drawdowns
RYCYX vs. RYLD - Drawdown Comparison
The maximum RYCYX drawdown since its inception was -82.36%, which is greater than RYLD's maximum drawdown of -41.52%. Use the drawdown chart below to compare losses from any high point for RYCYX and RYLD. For additional features, visit the drawdowns tool.
Volatility
RYCYX vs. RYLD - Volatility Comparison
Rydex Dow 2x Strategy Fund (RYCYX) has a higher volatility of 5.18% compared to Global X Russell 2000 Covered Call ETF (RYLD) at 2.27%. This indicates that RYCYX's price experiences larger fluctuations and is considered to be riskier than RYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.