RYCZX vs. BEARX
Compare and contrast key facts about Rydex Inverse Dow 2x Strategy Fund (RYCZX) and Federated Hermes Prudent Bear Fd (BEARX).
RYCZX is managed by Rydex Funds. It was launched on Feb 19, 2004. BEARX is managed by Federated. It was launched on Dec 27, 1995.
Performance
RYCZX vs. BEARX - Performance Comparison
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RYCZX vs. BEARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYCZX Rydex Inverse Dow 2x Strategy Fund | 12.18% | -22.14% | -16.97% | -19.05% | 5.48% | -36.32% | -45.37% | -36.65% | 0.75% | -39.59% |
BEARX Federated Hermes Prudent Bear Fd | 8.44% | -12.42% | -20.34% | -18.67% | 17.78% | -23.78% | -22.95% | -19.95% | -5.96% | -15.76% |
Returns By Period
In the year-to-date period, RYCZX achieves a 12.18% return, which is significantly higher than BEARX's 8.44% return. Over the past 10 years, RYCZX has underperformed BEARX with an annualized return of -24.23%, while BEARX has yielded a comparatively higher -13.36% annualized return.
RYCZX
- 1D
- -0.21%
- 1M
- 16.10%
- YTD
- 12.18%
- 6M
- 5.28%
- 1Y
- -15.25%
- 3Y*
- -16.11%
- 5Y*
- -13.94%
- 10Y*
- -24.23%
BEARX
- 1D
- 0.49%
- 1M
- 9.02%
- YTD
- 8.44%
- 6M
- 6.24%
- 1Y
- -10.09%
- 3Y*
- -12.93%
- 5Y*
- -9.96%
- 10Y*
- -13.36%
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RYCZX vs. BEARX - Expense Ratio Comparison
RYCZX has a 2.70% expense ratio, which is higher than BEARX's 1.78% expense ratio.
Return for Risk
RYCZX vs. BEARX — Risk / Return Rank
RYCZX
BEARX
RYCZX vs. BEARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse Dow 2x Strategy Fund (RYCZX) and Federated Hermes Prudent Bear Fd (BEARX). 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.
| RYCZX | BEARX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.51 | -0.61 | +0.10 |
Sortino ratioReturn per unit of downside risk | -0.53 | -0.81 | +0.27 |
Omega ratioGain probability vs. loss probability | 0.93 | 0.88 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | -0.32 | -0.33 | +0.01 |
Martin ratioReturn relative to average drawdown | -0.43 | -0.41 | -0.02 |
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
| RYCZX | BEARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.51 | -0.61 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.48 | -0.59 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.69 | -0.81 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.62 | -0.01 | -0.61 |
Correlation
The correlation between RYCZX and BEARX is 0.83, 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
RYCZX vs. BEARX - Dividend Comparison
RYCZX's dividend yield for the trailing twelve months is around 5.24%, less than BEARX's 6.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RYCZX Rydex Inverse Dow 2x Strategy Fund | 5.24% | 5.88% | 4.32% | 1.00% | 0.00% | 0.00% | 0.05% | 0.24% |
BEARX Federated Hermes Prudent Bear Fd | 6.19% | 6.71% | 0.00% | 13.32% | 0.00% | 0.00% | 0.00% | 0.62% |
Drawdowns
RYCZX vs. BEARX - Drawdown Comparison
The maximum RYCZX drawdown since its inception was -99.77%, roughly equal to the maximum BEARX drawdown of -95.38%. Use the drawdown chart below to compare losses from any high point for RYCZX and BEARX.
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Drawdown Indicators
| RYCZX | BEARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.77% | -95.38% | -4.39% |
Max Drawdown (1Y)Largest decline over 1 year | -43.65% | -26.53% | -17.12% |
Max Drawdown (5Y)Largest decline over 5 years | -64.67% | -48.32% | -16.35% |
Max Drawdown (10Y)Largest decline over 10 years | -95.13% | -78.77% | -16.36% |
Current DrawdownCurrent decline from peak | -99.72% | -94.91% | -4.81% |
Average DrawdownAverage peak-to-trough decline | -78.68% | -60.84% | -17.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.54% | 21.54% | +11.00% |
Volatility
RYCZX vs. BEARX - Volatility Comparison
Rydex Inverse Dow 2x Strategy Fund (RYCZX) has a higher volatility of 7.96% compared to Federated Hermes Prudent Bear Fd (BEARX) at 3.81%. This indicates that RYCZX's price experiences larger fluctuations and is considered to be riskier than BEARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYCZX | BEARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.96% | 3.81% | +4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 17.76% | 8.81% | +8.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.31% | 15.17% | +18.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.38% | 16.97% | +12.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.13% | 16.62% | +18.51% |