RYDAX vs. SPY
Compare and contrast key facts about Rydex Dow Jones Industrial Average Fund (RYDAX) and SPDR S&P 500 ETF (SPY).
RYDAX is managed by Rydex Funds. It was launched on Dec 1, 2015. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYDAX or SPY.
Correlation
The correlation between RYDAX and SPY is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
RYDAX vs. SPY - Performance Comparison
Key characteristics
RYDAX:
0.94
SPY:
1.75
RYDAX:
1.38
SPY:
2.36
RYDAX:
1.17
SPY:
1.32
RYDAX:
1.35
SPY:
2.66
RYDAX:
3.86
SPY:
11.01
RYDAX:
2.89%
SPY:
2.03%
RYDAX:
11.94%
SPY:
12.77%
RYDAX:
-37.34%
SPY:
-55.19%
RYDAX:
-5.02%
SPY:
-2.12%
Returns By Period
In the year-to-date period, RYDAX achieves a 2.04% return, which is significantly lower than SPY's 2.36% return.
RYDAX
2.04%
-1.65%
3.95%
9.75%
6.48%
N/A
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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RYDAX vs. SPY - Expense Ratio Comparison
RYDAX has a 1.58% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
RYDAX vs. SPY — Risk-Adjusted Performance Rank
RYDAX
SPY
RYDAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Dow Jones Industrial Average Fund (RYDAX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
RYDAX's dividend yield for the trailing twelve months is around 0.23%, less than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
RYDAX vs. SPY - Drawdown Comparison
The maximum RYDAX drawdown since its inception was -37.34%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RYDAX and SPY. For additional features, visit the drawdowns tool.
Volatility
RYDAX vs. SPY - Volatility Comparison
The current volatility for Rydex Dow Jones Industrial Average Fund (RYDAX) is 3.10%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.38%. This indicates that RYDAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.