RYCZX vs. RYTNX

Last updated Apr 1, 2026

Compare and contrast key facts about Rydex Inverse Dow 2x Strategy Fund (RYCZX) and Rydex S&P 500 2x Strategy Fund (RYTNX).

RYCZX is managed by Rydex Funds. It was launched on Feb 19, 2004. RYTNX is managed by Rydex Funds. It was launched on May 18, 2000.

Performance

RYCZX vs. RYTNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Inverse Dow 2x Strategy Fund (RYCZX) and Rydex S&P 500 2x Strategy Fund (RYTNX). The values are adjusted to include any dividend payments, if applicable.

RYCZX vs. RYTNX - 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%
RYTNX Rydex S&P 500 2x Strategy Fund	-15.39%	24.88%	41.95%	45.20%	-39.32%	55.55%	20.31%	62.29%	-15.06%	42.95%

Returns By Period

In the year-to-date period, RYCZX achieves a 12.18% return, which is significantly higher than RYTNX's -15.39% return. Over the past 10 years, RYCZX has underperformed RYTNX with an annualized return of -24.23%, while RYTNX has yielded a comparatively higher 19.00% 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%

RYTNX

• 1D: -0.78%
• 1M: -15.42%
• YTD: -15.39%
• 6M: -12.80%
• 1Y: 18.10%
• 3Y*: 24.54%
• 5Y*: 13.04%
• 10Y*: 19.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RYCZX vs. RYTNX - Expense Ratio Comparison

RYCZX has a 2.70% expense ratio, which is higher than RYTNX's 1.82% expense ratio.

RYCZX

Rydex Inverse Dow 2x Strategy Fund

RYTNX

Rydex S&P 500 2x Strategy Fund

Return for Risk

RYCZX vs. RYTNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RYCZX

RYCZX Risk / Return Rank: 2
RYCZX Sharpe Ratio Rank: 1
RYCZX Sortino Ratio Rank: 1
RYCZX Omega Ratio Rank: 2
RYCZX Calmar Ratio Rank: 3
RYCZX Martin Ratio Rank: 4

RYTNX

RYTNX Risk / Return Rank: 25
RYTNX Sharpe Ratio Rank: 21
RYTNX Sortino Ratio Rank: 27
RYTNX Omega Ratio Rank: 29
RYTNX Calmar Ratio Rank: 21
RYTNX Martin Ratio Rank: 25

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RYCZX vs. RYTNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse Dow 2x Strategy Fund (RYCZX) and Rydex S&P 500 2x Strategy Fund (RYTNX). 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	RYTNX	Difference
Sharpe ratio Return per unit of total volatility	-0.51	0.54	-1.05
Sortino ratio Return per unit of downside risk	-0.53	0.99	-1.53
Omega ratio Gain probability vs. loss probability	0.93	1.15	-0.22
Calmar ratio Return relative to maximum drawdown	-0.32	0.63	-0.95
Martin ratio Return relative to average drawdown	-0.43	2.73	-3.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYCZX vs. RYTNX - Sharpe Ratio Comparison

The current RYCZX Sharpe Ratio is -0.51, which is lower than the RYTNX Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of RYCZX and RYTNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RYCZX	RYTNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.51	0.54	-1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.48	0.39	-0.87
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.69	0.53	-1.22
Sharpe Ratio (All Time) Calculated using the full available price history	-0.62	0.22	-0.84

Correlation

The correlation between RYCZX and RYTNX is -0.93. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

RYCZX vs. RYTNX - Dividend Comparison

RYCZX's dividend yield for the trailing twelve months is around 5.24%, less than RYTNX's 5.66% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYCZX Rydex Inverse Dow 2x Strategy Fund	5.24%	5.88%	4.32%	1.00%	0.00%	0.00%	0.05%	0.24%	0.00%	0.00%	0.00%	0.00%
RYTNX Rydex S&P 500 2x Strategy Fund	5.66%	4.79%	5.45%	0.14%	0.00%	0.14%	0.69%	1.84%	0.00%	5.84%	0.16%	1.52%

Drawdowns

RYCZX vs. RYTNX - Drawdown Comparison

The maximum RYCZX drawdown since its inception was -99.77%, which is greater than RYTNX's maximum drawdown of -86.64%. Use the drawdown chart below to compare losses from any high point for RYCZX and RYTNX.

Drawdown Indicators

	RYCZX	RYTNX	Difference
Max Drawdown Largest peak-to-trough decline	-99.77%	-86.64%	-13.13%
Max Drawdown (1Y) Largest decline over 1 year	-43.65%	-23.40%	-20.25%
Max Drawdown (5Y) Largest decline over 5 years	-64.67%	-47.01%	-17.66%
Max Drawdown (10Y) Largest decline over 10 years	-95.13%	-59.23%	-35.90%
Current Drawdown Current decline from peak	-99.72%	-18.43%	-81.29%
Average Drawdown Average peak-to-trough decline	-78.68%	-28.72%	-49.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.54%	5.37%	+27.17%

Volatility

RYCZX vs. RYTNX - Volatility Comparison

The current volatility for Rydex Inverse Dow 2x Strategy Fund (RYCZX) is 7.96%, while Rydex S&P 500 2x Strategy Fund (RYTNX) has a volatility of 8.52%. This indicates that RYCZX experiences smaller price fluctuations and is considered to be less risky than RYTNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYCZX	RYTNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.96%	8.52%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	17.76%	18.16%	-0.40%
Volatility (1Y) Calculated over the trailing 1-year period	33.31%	36.23%	-2.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.38%	33.67%	-4.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.13%	36.08%	-0.95%