RYDAX vs. ETH-USD

Last updated Jun 3, 2026

RYDAX (Rydex Dow Jones Industrial Average Fund) is Large Cap Value Equities fund managed by Rydex Funds, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 10 years, RYDAX returned 11.53%/yr vs 63.15%/yr for ETH-USD. At a 0.16 correlation, their price movements are largely independent.

Performance

RYDAX vs. ETH-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Dow Jones Industrial Average Fund (RYDAX) and Ethereum (ETH-USD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYDAX achieves a 6.28% return, which is significantly higher than ETH-USD's -37.17% return. Over the past 10 years, RYDAX has underperformed ETH-USD with an annualized return of 11.53%, while ETH-USD has yielded a comparatively higher 63.15% annualized return.

RYDAX

• 1D: 0.14%
• 1M: 3.29%
• YTD: 6.28%
• 6M: 7.56%
• 1Y: 20.75%
• 3Y*: 14.97%
• 5Y*: 8.26%
• 10Y*: 11.53%

ETH-USD

• 1D: -6.99%
• 1M: -19.74%
• YTD: -37.17%
• 6M: -37.80%
• 1Y: -28.56%
• 3Y*: -0.51%
• 5Y*: -8.18%
• 10Y*: 63.15%

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

RYDAX vs. ETH-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYDAX Rydex Dow Jones Industrial Average Fund	6.28%	12.98%	13.10%	14.36%	-8.88%	19.11%	7.47%	23.13%	-5.14%	26.19%
ETH-USD Ethereum	-37.17%	-10.91%	46.00%	90.84%	-67.48%	398.30%	473.88%	-1.52%	-82.39%	8,984.19%

Correlation

The correlation between RYDAX and ETH-USD is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.17
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.16

The correlation between RYDAX and ETH-USD shifts across timeframes, from 0.16 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

RYDAX vs. ETH-USD — Risk / Return Rank

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

RYDAX

RYDAX Risk / Return Rank: 35
RYDAX Sharpe Ratio Rank: 36
RYDAX Sortino Ratio Rank: 37
RYDAX Omega Ratio Rank: 34
RYDAX Calmar Ratio Rank: 31
RYDAX Martin Ratio Rank: 36

ETH-USD

ETH-USD Risk / Return Rank: 49
ETH-USD Sharpe Ratio Rank: 66
ETH-USD Sortino Ratio Rank: 66
ETH-USD Omega Ratio Rank: 66
ETH-USD Calmar Ratio Rank: 34
ETH-USD Martin Ratio Rank: 13

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.

RYDAX vs. ETH-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Dow Jones Industrial Average Fund (RYDAX) and Ethereum (ETH-USD). 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.

	RYDAX	ETH-USD	Difference
Sharpe ratio Return per unit of total volatility	1.74	-0.43	+2.17
Sortino ratio Return per unit of downside risk	2.55	-0.24	+2.79
Omega ratio Gain probability vs. loss probability	1.31	0.98	+0.33
Calmar ratio Return relative to maximum drawdown	2.14	-1.13	+3.26
Martin ratio Return relative to average drawdown	8.09	-1.58	+9.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYDAX vs. ETH-USD - Sharpe Ratio Comparison

The current RYDAX Sharpe Ratio is 1.74, which is higher than the ETH-USD Sharpe Ratio of -0.43. The chart below compares the historical Sharpe Ratios of RYDAX and ETH-USD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RYDAX	ETH-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	-0.43	+2.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	-0.11	+0.67
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.67	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.77	-0.11

Drawdowns

RYDAX vs. ETH-USD - Drawdown Comparison

The maximum RYDAX drawdown since its inception was -37.34%, smaller than the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for RYDAX and ETH-USD.

Drawdown Indicators

	RYDAX	ETH-USD	Difference
Max Drawdown Largest peak-to-trough decline	-37.34%	-94.01%	+56.67%
Max Drawdown (1Y) Largest decline over 1 year	-9.86%	-62.26%	+52.40%
Max Drawdown (3Y) Largest decline over 3 years	-16.50%	-63.80%	+47.30%
Max Drawdown (5Y) Largest decline over 5 years	-22.12%	-79.35%	+57.23%
Max Drawdown (10Y) Largest decline over 10 years	-37.34%	-94.01%	+56.67%
Current Drawdown Current decline from peak	0.00%	-61.42%	+61.42%
Average Drawdown Average peak-to-trough decline	-4.35%	-50.87%	+46.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	43.47%	-40.87%

Volatility

RYDAX vs. ETH-USD - Volatility Comparison

The current volatility for Rydex Dow Jones Industrial Average Fund (RYDAX) is 3.02%, while Ethereum (ETH-USD) has a volatility of 10.55%. This indicates that RYDAX experiences smaller price fluctuations and is considered to be less risky than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYDAX	ETH-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	10.55%	-7.53%
Volatility (6M) Calculated over the trailing 6-month period	9.28%	45.39%	-36.11%
Volatility (1Y) Calculated over the trailing 1-year period	12.07%	55.85%	-43.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.81%	59.56%	-44.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.61%	77.96%	-60.35%

Frequently Asked Questions

Can I hold both RYDAX and ETH-USD in my portfolio?

RYDAX and ETH-USD have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYDAX or ETH-USD?

ETH-USD has higher volatility (10.55%) compared to RYDAX (3.02%). In terms of maximum drawdown, RYDAX dropped -37.34% vs ETH-USD's -94.01%.

Which has better risk-adjusted returns?

RYDAX currently has the higher Sharpe Ratio (1.74 vs -0.43), 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.