RYEUX vs. RYGBX
RYEUX (Rydex Europe 1.25x Strategy Fund) and RYGBX (Rydex Government Long Bond 1.2x Strategy Fund) are both mutual funds - RYEUX is a Leveraged Equities fund managed by Rydex Funds, while RYGBX is a Leveraged Bonds fund managed by Rydex Funds. Over the past 10 years, RYEUX returned 9.12%/yr vs -5.69%/yr for RYGBX. Their -0.20 correlation means they have often moved in opposite directions in the past. RYEUX charges 1.69%/yr vs 0.99%/yr for RYGBX.
Performance
RYEUX vs. RYGBX - Performance Comparison
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Returns By Period
In the year-to-date period, RYEUX achieves a 11.74% return, which is significantly higher than RYGBX's -5.29% return. Over the past 10 years, RYEUX has outperformed RYGBX with an annualized return of 9.12%, while RYGBX has yielded a comparatively lower -5.69% annualized return.
RYEUX
- 1D
- 2.97%
- 1M
- 1.65%
- 6M
- 5.63%
- YTD
- 11.74%
- 1Y
- 30.11%
- 3Y*
- 13.49%
- 5Y*
- 9.24%
- 10Y*
- 9.12%
- ALL TIME*
- 1.44%
RYGBX
- 1D
- -0.13%
- 1M
- -4.11%
- 6M
- -4.50%
- YTD
- -5.29%
- 1Y
- -4.35%
- 3Y*
- -5.78%
- 5Y*
- -13.13%
- 10Y*
- -5.69%
- ALL TIME*
- 1.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RYEUX vs. RYGBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYEUX Rydex Europe 1.25x Strategy Fund | 11.74% | 32.95% | -2.61% | 19.53% | -12.87% | 18.73% | 0.35% | 29.80% | -18.72% | 28.14% |
RYGBX Rydex Government Long Bond 1.2x Strategy Fund | -5.29% | 2.19% | -12.81% | -1.05% | -40.90% | -7.28% | 21.93% | 17.50% | -5.20% | 9.93% |
Correlation
The correlation between RYEUX and RYGBX is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | -0.20 |
The correlation between RYEUX and RYGBX shifts across timeframes, from -0.20 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RYEUX vs. RYGBX — Risk / Return Rank
RYEUX
RYGBX
RYEUX vs. RYGBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Europe 1.25x Strategy Fund (RYEUX) and Rydex Government Long Bond 1.2x Strategy Fund (RYGBX). 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.
| RYEUX | RYGBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.97 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | -0.25 | +1.96 |
| Martin ratioReturn relative to average drawdown | 5.85 | -0.52 | +6.36 |
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Drawdowns
RYEUX vs. RYGBX - Drawdown Comparison
The maximum RYEUX drawdown since its inception was -76.19%, which is greater than RYGBX's maximum drawdown of -62.42%. Use the drawdown chart below to compare losses from any high point for RYEUX and RYGBX.
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Drawdown Indicators
| RYEUX | RYGBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.19% | -62.42% | -13.77% |
Max Drawdown (1Y)Largest decline over 1 year | -15.24% | -9.88% | -5.36% |
Max Drawdown (3Y)Largest decline over 3 years | -18.54% | -19.21% | +0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -33.39% | -55.36% | +21.97% |
Max Drawdown (10Y)Largest decline over 10 years | -42.08% | -62.42% | +20.34% |
Current DrawdownCurrent decline from peak | 0.00% | -60.60% | +60.60% |
Average DrawdownAverage peak-to-trough decline | -37.11% | -19.71% | -17.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 4.75% | -0.29% |
Volatility
RYEUX vs. RYGBX - Volatility Comparison
Rydex Europe 1.25x Strategy Fund (RYEUX) has a higher volatility of 5.80% compared to Rydex Government Long Bond 1.2x Strategy Fund (RYGBX) at 2.93%. This indicates that RYEUX's price experiences larger fluctuations and is considered to be riskier than RYGBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYEUX | RYGBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.80% | 2.93% | +2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 17.34% | 7.92% | +9.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.27% | 10.87% | +9.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.16% | 19.54% | +1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.11% | 19.19% | +2.92% |
RYEUX vs. RYGBX - Expense Ratio Comparison
RYEUX has a 1.69% expense ratio, which is higher than RYGBX's 0.99% expense ratio.
Dividends
RYEUX vs. RYGBX - Dividend Comparison
RYEUX's dividend yield for the trailing twelve months is around 5.33%, more than RYGBX's 3.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYEUX Rydex Europe 1.25x Strategy Fund | 5.33% | 5.95% | 12.32% | 0.67% | 0.00% | 0.00% | 5.03% | 0.46% | 8.58% | 0.25% | 0.91% | 0.15% |
RYGBX Rydex Government Long Bond 1.2x Strategy Fund | 3.71% | 3.59% | 2.89% | 2.70% | 1.69% | 0.71% | 46.47% | 5.00% | 1.51% | 1.45% | 5.62% | 2.07% |
Frequently Asked Questions
RYEUX and RYGBX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYEUX has higher volatility (5.80%) compared to RYGBX (2.93%). In terms of maximum drawdown, RYEUX dropped -76.19% vs RYGBX's -62.42%.
RYEUX currently has the higher Sharpe Ratio (1.29 vs -0.23), 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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