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.
Performance
RYCYX vs. RYLD - Performance Comparison
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RYCYX vs. RYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RYCYX Rydex Dow 2x Strategy Fund | -12.73% | 18.63% | 19.61% | 22.59% | -20.44% | 39.43% | 1.17% | 14.34% |
RYLD Global X Russell 2000 Covered Call ETF | 0.70% | 5.65% | 10.13% | 0.27% | -13.03% | 22.13% | -0.44% | 8.92% |
Returns By Period
In the year-to-date period, RYCYX achieves a -12.73% return, which is significantly lower than RYLD's 0.70% return.
RYCYX
- 1D
- 0.21%
- 1M
- -15.03%
- YTD
- -12.73%
- 6M
- -7.76%
- 1Y
- 7.95%
- 3Y*
- 15.16%
- 5Y*
- 7.78%
- 10Y*
- 15.27%
RYLD
- 1D
- 2.12%
- 1M
- -3.64%
- YTD
- 0.70%
- 6M
- 5.49%
- 1Y
- 11.70%
- 3Y*
- 6.08%
- 5Y*
- 2.21%
- 10Y*
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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.
Return for Risk
RYCYX vs. RYLD — Risk / Return Rank
RYCYX
RYLD
RYCYX vs. RYLD - Risk-Adjusted Trends 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.
| RYCYX | RYLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.30 | 0.72 | -0.41 |
Sortino ratioReturn per unit of downside risk | 0.67 | 1.13 | -0.46 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.19 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.30 | 0.92 | -0.62 |
Martin ratioReturn relative to average drawdown | 1.04 | 4.48 | -3.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RYCYX | RYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 0.72 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.16 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.26 | +0.03 |
Correlation
The correlation between RYCYX and RYLD is 0.74, 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.
Dividends
RYCYX vs. RYLD - Dividend Comparison
RYCYX's dividend yield for the trailing twelve months is around 2.06%, less than RYLD's 12.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYCYX Rydex Dow 2x Strategy Fund | 2.06% | 1.80% | 4.14% | 0.48% | 2.55% | 4.76% | 0.00% | 3.81% | 0.00% | 5.81% | 0.65% | 7.34% |
RYLD Global X Russell 2000 Covered Call ETF | 12.14% | 12.00% | 12.03% | 12.64% | 13.49% | 12.35% | 10.76% | 6.43% | 0.00% | 0.00% | 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 -41.53%. Use the drawdown chart below to compare losses from any high point for RYCYX and RYLD.
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Drawdown Indicators
| RYCYX | RYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.36% | -41.53% | -40.83% |
Max Drawdown (1Y)Largest decline over 1 year | -21.04% | -12.33% | -8.71% |
Max Drawdown (5Y)Largest decline over 5 years | -40.72% | -21.33% | -19.39% |
Max Drawdown (10Y)Largest decline over 10 years | -63.19% | — | — |
Current DrawdownCurrent decline from peak | -19.32% | -4.31% | -15.01% |
Average DrawdownAverage peak-to-trough decline | -18.23% | -9.04% | -9.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.04% | 2.53% | +3.51% |
Volatility
RYCYX vs. RYLD - Volatility Comparison
Rydex Dow 2x Strategy Fund (RYCYX) has a higher volatility of 8.17% compared to Global X Russell 2000 Covered Call ETF (RYLD) at 5.25%. 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.
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Volatility by Period
| RYCYX | RYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.17% | 5.25% | +2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 17.91% | 9.08% | +8.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.39% | 16.39% | +17.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.41% | 14.20% | +15.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.12% | 17.38% | +17.74% |