RYEIX vs. GAGEX
Compare and contrast key facts about Rydex Energy Fund (RYEIX) and Guinness Atkinson Global Energy Fund (GAGEX).
RYEIX is managed by Rydex Funds. It was launched on Apr 20, 1998. GAGEX is managed by Guinness Atkinson. It was launched on Jun 29, 2004.
Performance
RYEIX vs. GAGEX - Performance Comparison
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RYEIX vs. GAGEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYEIX Rydex Energy Fund | 37.40% | 6.96% | 0.49% | 1.87% | 49.54% | 50.70% | -34.24% | 6.50% | -25.31% | -6.17% |
GAGEX Guinness Atkinson Global Energy Fund | 38.71% | 16.88% | -1.75% | 2.66% | 34.32% | 45.96% | -34.12% | 10.45% | -18.96% | -1.04% |
Returns By Period
The year-to-date returns for both investments are quite close, with RYEIX having a 37.40% return and GAGEX slightly higher at 38.71%. Over the past 10 years, RYEIX has underperformed GAGEX with an annualized return of 8.05%, while GAGEX has yielded a comparatively higher 8.82% annualized return.
RYEIX
- 1D
- -1.73%
- 1M
- 11.19%
- YTD
- 37.40%
- 6M
- 37.42%
- 1Y
- 44.04%
- 3Y*
- 16.65%
- 5Y*
- 21.40%
- 10Y*
- 8.05%
GAGEX
- 1D
- -0.09%
- 1M
- 13.36%
- YTD
- 38.71%
- 6M
- 42.07%
- 1Y
- 48.50%
- 3Y*
- 19.32%
- 5Y*
- 21.13%
- 10Y*
- 8.82%
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RYEIX vs. GAGEX - Expense Ratio Comparison
RYEIX has a 1.36% expense ratio, which is lower than GAGEX's 1.46% expense ratio.
Return for Risk
RYEIX vs. GAGEX — Risk / Return Rank
RYEIX
GAGEX
RYEIX vs. GAGEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Energy Fund (RYEIX) and Guinness Atkinson Global Energy Fund (GAGEX). 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.
| RYEIX | GAGEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.80 | 2.31 | -0.51 |
Sortino ratioReturn per unit of downside risk | 2.29 | 2.80 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.42 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.19 | 2.62 | -0.44 |
Martin ratioReturn relative to average drawdown | 7.78 | 9.35 | -1.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RYEIX | GAGEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 2.31 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.90 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.32 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.25 | -0.07 |
Correlation
The correlation between RYEIX and GAGEX is 0.94, 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.
Dividends
RYEIX vs. GAGEX - Dividend Comparison
RYEIX's dividend yield for the trailing twelve months is around 1.83%, less than GAGEX's 2.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYEIX Rydex Energy Fund | 1.83% | 2.51% | 3.84% | 2.68% | 2.55% | 0.50% | 2.38% | 0.78% | 0.81% | 0.71% | 0.62% | 0.43% |
GAGEX Guinness Atkinson Global Energy Fund | 2.04% | 2.82% | 7.08% | 4.33% | 0.15% | 2.59% | 3.59% | 1.91% | 1.72% | 1.40% | 1.13% | 1.33% |
Drawdowns
RYEIX vs. GAGEX - Drawdown Comparison
The maximum RYEIX drawdown since its inception was -83.50%, which is greater than GAGEX's maximum drawdown of -78.90%. Use the drawdown chart below to compare losses from any high point for RYEIX and GAGEX.
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Drawdown Indicators
| RYEIX | GAGEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.50% | -78.90% | -4.60% |
Max Drawdown (1Y)Largest decline over 1 year | -20.09% | -18.43% | -1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -26.94% | -26.42% | -0.52% |
Max Drawdown (10Y)Largest decline over 10 years | -74.93% | -69.98% | -4.95% |
Current DrawdownCurrent decline from peak | -1.73% | -0.09% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -28.77% | -29.43% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.65% | 5.18% | +0.47% |
Volatility
RYEIX vs. GAGEX - Volatility Comparison
Rydex Energy Fund (RYEIX) has a higher volatility of 5.16% compared to Guinness Atkinson Global Energy Fund (GAGEX) at 4.84%. This indicates that RYEIX's price experiences larger fluctuations and is considered to be riskier than GAGEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYEIX | GAGEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 4.84% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 14.08% | 12.45% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.16% | 21.56% | +3.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.72% | 23.56% | +3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.88% | 27.32% | +4.56% |