RYCZX vs. RYTPX
RYCZX (Rydex Inverse Dow 2x Strategy Fund) and RYTPX (Rydex Inverse S&P 500 2x Strategy Fund) are both Inverse Equities funds from Rydex Funds. Over the past 10 years, RYCZX returned -25.79%/yr vs -16.96%/yr for RYTPX. Their correlation of 0.89 suggests significant overlap in exposure. RYCZX charges 2.70%/yr vs 2.16%/yr for RYTPX.
Performance
RYCZX vs. RYTPX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with RYCZX having a -17.04% return and RYTPX slightly higher at -16.84%. Over the past 10 years, RYCZX has underperformed RYTPX with an annualized return of -25.79%, while RYTPX has yielded a comparatively higher -16.96% annualized return.
RYCZX
- 1D
- -0.49%
- 1M
- -5.19%
- 6M
- -11.75%
- YTD
- -17.04%
- 1Y
- -28.06%
- 3Y*
- -22.97%
- 5Y*
- -16.72%
- 10Y*
- -25.79%
RYTPX
- 1D
- -0.79%
- 1M
- -3.45%
- 6M
- -13.79%
- YTD
- -16.84%
- 1Y
- -28.50%
- 3Y*
- -27.35%
- 5Y*
- -21.23%
- 10Y*
- -16.96%
RYCZX vs. RYTPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYCZX Rydex Inverse Dow 2x Strategy Fund | -17.04% | -22.14% | -16.97% | -19.05% | 5.48% | -36.32% | -45.37% | -36.65% | 0.75% | -39.59% |
RYTPX Rydex Inverse S&P 500 2x Strategy Fund | -16.84% | -27.24% | -29.24% | -31.96% | 29.31% | -43.38% | -50.05% | -41.84% | 4.42% | -32.54% |
Correlation
The correlation between RYCZX and RYTPX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | 0.89 |
The correlation between RYCZX and RYTPX has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
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Return for Risk
RYCZX vs. RYTPX — Risk / Return Rank
RYCZX
RYTPX
RYCZX vs. RYTPX - 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 S&P 500 2x Strategy Fund (RYTPX). 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 | RYTPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.82 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | -0.94 | +0.09 |
| Martin ratioReturn relative to average drawdown | -1.55 | -1.66 | +0.11 |
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Drawdowns
RYCZX vs. RYTPX - Drawdown Comparison
The maximum RYCZX drawdown since its inception was -99.80%, roughly equal to the maximum RYTPX drawdown of -99.92%. Use the drawdown chart below to compare losses from any high point for RYCZX and RYTPX.
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Drawdown Indicators
| RYCZX | RYTPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.80% | -99.92% | +0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -32.00% | -29.99% | -2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -60.61% | -68.03% | +7.42% |
Max Drawdown (5Y)Largest decline over 5 years | -68.62% | -75.66% | +7.04% |
Max Drawdown (10Y)Largest decline over 10 years | -95.14% | -96.13% | +0.99% |
Current DrawdownCurrent decline from peak | -99.79% | -99.92% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -78.94% | -82.36% | +3.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.50% | 16.84% | +0.66% |
Volatility
RYCZX vs. RYTPX - Volatility Comparison
The current volatility for Rydex Inverse Dow 2x Strategy Fund (RYCZX) is 7.27%, while Rydex Inverse S&P 500 2x Strategy Fund (RYTPX) has a volatility of 8.58%. This indicates that RYCZX experiences smaller price fluctuations and is considered to be less risky than RYTPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYCZX | RYTPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.27% | 8.58% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 19.52% | 19.92% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.63% | 25.02% | -0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.63% | 33.94% | -4.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.16% | 257.87% | -222.71% |
RYCZX vs. RYTPX - Expense Ratio Comparison
RYCZX has a 2.70% expense ratio, which is higher than RYTPX's 2.16% expense ratio.
Dividends
RYCZX vs. RYTPX - Dividend Comparison
RYCZX's dividend yield for the trailing twelve months is around 7.09%, more than RYTPX's 6.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYCZX Rydex Inverse Dow 2x Strategy Fund | 7.09% | 5.88% | 4.32% | 1.00% | 0.00% | 0.00% | 0.05% | 0.24% |
RYTPX Rydex Inverse S&P 500 2x Strategy Fund | 6.19% | 5.15% | 6.90% | 3.35% | 0.00% | 0.00% | 0.00% | 0.23% |
Frequently Asked Questions
RYCZX and RYTPX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYTPX has higher volatility (8.58%) compared to RYCZX (7.27%). In terms of maximum drawdown, RYCZX dropped -99.80% vs RYTPX's -99.92%.
RYCZX currently has the higher Sharpe Ratio (-1.10 vs -1.12), 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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