RYDAX vs. DAX
Compare and contrast key facts about Rydex Dow Jones Industrial Average Fund (RYDAX) and Global X DAX Germany ETF (DAX).
RYDAX is managed by Rydex Funds. It was launched on Dec 1, 2015. DAX is a passively managed fund by Global X that tracks the performance of the DAX Index. It was launched on Oct 22, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYDAX or DAX.
Correlation
The correlation between RYDAX and DAX is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
RYDAX vs. DAX - Performance Comparison
Key characteristics
RYDAX:
1.24
DAX:
2.03
RYDAX:
1.80
DAX:
2.78
RYDAX:
1.23
DAX:
1.34
RYDAX:
1.77
DAX:
3.81
RYDAX:
5.10
DAX:
9.42
RYDAX:
2.86%
DAX:
3.27%
RYDAX:
11.79%
DAX:
15.24%
RYDAX:
-37.34%
DAX:
-45.58%
RYDAX:
-2.54%
DAX:
0.00%
Returns By Period
In the year-to-date period, RYDAX achieves a 4.70% return, which is significantly lower than DAX's 16.45% return.
RYDAX
4.70%
2.48%
7.53%
13.89%
6.87%
N/A
DAX
16.45%
11.53%
17.40%
29.30%
9.60%
5.88%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
RYDAX vs. DAX - Expense Ratio Comparison
RYDAX has a 1.58% expense ratio, which is higher than DAX's 0.20% expense ratio.
Risk-Adjusted Performance
RYDAX vs. DAX — Risk-Adjusted Performance Rank
RYDAX
DAX
RYDAX vs. DAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Dow Jones Industrial Average Fund (RYDAX) and Global X DAX Germany ETF (DAX). 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.
Dividends
RYDAX vs. DAX - Dividend Comparison
RYDAX's dividend yield for the trailing twelve months is around 0.23%, less than DAX's 1.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
RYDAX Rydex Dow Jones Industrial Average Fund | 0.23% | 0.24% | 0.65% | 0.58% | 0.00% | 0.07% | 0.42% | 1.00% | 0.53% | 0.04% | 0.00% |
DAX Global X DAX Germany ETF | 1.93% | 2.24% | 2.48% | 2.80% | 2.65% | 2.25% | 2.47% | 3.33% | 1.73% | 1.78% | 1.41% |
Drawdowns
RYDAX vs. DAX - Drawdown Comparison
The maximum RYDAX drawdown since its inception was -37.34%, smaller than the maximum DAX drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for RYDAX and DAX. For additional features, visit the drawdowns tool.
Volatility
RYDAX vs. DAX - Volatility Comparison
The current volatility for Rydex Dow Jones Industrial Average Fund (RYDAX) is 2.70%, while Global X DAX Germany ETF (DAX) has a volatility of 4.65%. This indicates that RYDAX experiences smaller price fluctuations and is considered to be less risky than DAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.