RYCZX vs. RYCLX
RYCZX (Rydex Inverse Dow 2x Strategy Fund) and RYCLX (Rydex Inverse Mid-Cap Strategy Fund) are both Inverse Equities funds from Rydex Funds. Over the past 10 years, RYCZX returned -25.60%/yr vs -10.93%/yr for RYCLX. Their correlation of 0.85 means they have usually moved in the same direction. RYCZX charges 2.70%/yr vs 2.39%/yr for RYCLX.
Performance
RYCZX vs. RYCLX - Performance Comparison
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Returns By Period
In the year-to-date period, RYCZX achieves a -15.64% return, which is significantly lower than RYCLX's -12.87% return. Over the past 10 years, RYCZX has underperformed RYCLX with an annualized return of -25.60%, while RYCLX has yielded a comparatively higher -10.93% annualized return.
RYCZX
- 1D
- -2.34%
- 1M
- 2.78%
- 6M
- -12.90%
- YTD
- -15.64%
- 1Y
- -29.67%
- 3Y*
- -20.73%
- 5Y*
- -16.29%
- 10Y*
- -25.60%
- ALL TIME*
- -23.06%
RYCLX
- 1D
- -0.88%
- 1M
- 0.19%
- 6M
- -9.12%
- YTD
- -12.87%
- 1Y
- -15.27%
- 3Y*
- -6.53%
- 5Y*
- -5.66%
- 10Y*
- -10.93%
- ALL TIME*
- -12.03%
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 |
RYCZX vs. RYCLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYCZX Rydex Inverse Dow 2x Strategy Fund | -15.64% | -22.14% | -16.97% | -19.05% | 5.48% | -36.32% | -45.37% | -36.65% | 0.75% | -39.59% |
RYCLX Rydex Inverse Mid-Cap Strategy Fund | -12.87% | -1.04% | -5.59% | -8.75% | 8.93% | -24.21% | -25.53% | -21.03% | 11.39% | -14.94% |
Correlation
The correlation between RYCZX and RYCLX is 0.77, 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. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | 0.85 |
The correlation between RYCZX and RYCLX has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.
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Return for Risk
RYCZX vs. RYCLX — Risk / Return Rank
RYCZX
RYCLX
RYCZX vs. RYCLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse Dow 2x Strategy Fund (RYCZX) and Rydex Inverse Mid-Cap Strategy Fund (RYCLX). 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.
| RYCZX | RYCLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.88 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.70 | -0.14 |
| Martin ratioReturn relative to average drawdown | -1.42 | -1.25 | -0.17 |
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Drawdowns
RYCZX vs. RYCLX - Drawdown Comparison
The maximum RYCZX drawdown since its inception was -99.80%, roughly equal to the maximum RYCLX drawdown of -95.66%. Use the drawdown chart below to compare losses from any high point for RYCZX and RYCLX.
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Drawdown Indicators
| RYCZX | RYCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.80% | -95.66% | -4.14% |
Max Drawdown (1Y)Largest decline over 1 year | -32.00% | -18.50% | -13.50% |
Max Drawdown (3Y)Largest decline over 3 years | -60.61% | -32.43% | -28.18% |
Max Drawdown (5Y)Largest decline over 5 years | -68.62% | -34.96% | -33.66% |
Max Drawdown (10Y)Largest decline over 10 years | -95.14% | -71.12% | -24.02% |
Current DrawdownCurrent decline from peak | -99.79% | -95.59% | -4.20% |
Average DrawdownAverage peak-to-trough decline | -78.99% | -70.36% | -8.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.84% | 10.37% | +8.47% |
Volatility
RYCZX vs. RYCLX - Volatility Comparison
Rydex Inverse Dow 2x Strategy Fund (RYCZX) has a higher volatility of 7.38% compared to Rydex Inverse Mid-Cap Strategy Fund (RYCLX) at 3.81%. This indicates that RYCZX's price experiences larger fluctuations and is considered to be riskier than RYCLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYCZX | RYCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 3.81% | +3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 19.78% | 11.69% | +8.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.10% | 15.80% | +9.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.66% | 20.50% | +9.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.21% | 21.42% | +13.79% |
RYCZX vs. RYCLX - Expense Ratio Comparison
RYCZX has a 2.70% expense ratio, which is higher than RYCLX's 2.39% expense ratio.
Dividends
RYCZX vs. RYCLX - Dividend Comparison
RYCZX's dividend yield for the trailing twelve months is around 6.97%, less than RYCLX's 37.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYCLX Rydex Inverse Mid-Cap Strategy Fund | 37.88% | 33.01% | 25.75% | 9.12% | 0.00% | 0.00% | 0.76% | 0.89% |
RYCZX Rydex Inverse Dow 2x Strategy Fund | 6.97% | 5.88% | 4.32% | 1.00% | 0.00% | 0.00% | 0.05% | 0.24% |
Frequently Asked Questions
RYCZX and RYCLX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYCZX has higher volatility (7.38%) compared to RYCLX (3.81%). In terms of maximum drawdown, RYCZX dropped -99.80% vs RYCLX's -95.66%.
RYCLX currently has the higher Sharpe Ratio (-0.82 vs -1.07), 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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