RYFIX vs. RPFGX

Last updated Jun 23, 2026

RYFIX (Rydex Financial Services Fund) and RPFGX (Davis Financial Fund) are both Financials Equities funds from BlackRock. Over the past 10 years, RYFIX returned 10.29%/yr vs 12.70%/yr for RPFGX. Their correlation of 0.92 suggests significant overlap in exposure. RYFIX charges 1.36%/yr vs 0.94%/yr for RPFGX.

Performance

RYFIX vs. RPFGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Financial Services Fund (RYFIX) and Davis Financial Fund (RPFGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYFIX achieves a 0.06% return, which is significantly higher than RPFGX's -2.89% return. Over the past 10 years, RYFIX has underperformed RPFGX with an annualized return of 10.29%, while RPFGX has yielded a comparatively higher 12.70% annualized return.

RYFIX

• 1D: -0.47%
• 1M: 2.15%
• YTD: 0.06%
• 6M: -1.15%
• 1Y: 7.11%
• 3Y*: 16.12%
• 5Y*: 7.76%
• 10Y*: 10.29%

RPFGX

• 1D: -0.14%
• 1M: 3.17%
• YTD: -2.89%
• 6M: -3.94%
• 1Y: 14.95%
• 3Y*: 23.03%
• 5Y*: 13.01%
• 10Y*: 12.70%

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

RYFIX vs. RPFGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYFIX Rydex Financial Services Fund	0.06%	11.21%	22.86%	14.54%	-18.03%	35.83%	0.27%	28.32%	-12.05%	15.74%
RPFGX Davis Financial Fund	-2.89%	29.28%	29.54%	15.60%	-8.91%	31.45%	-5.87%	26.51%	-11.74%	19.24%

Correlation

The correlation between RYFIX and RPFGX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jan 4, 1999	0.92

The correlation between RYFIX and RPFGX has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

Return for Risk

RYFIX vs. RPFGX — Risk / Return Rank

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

RYFIX

RYFIX Risk / Return Rank: 7
RYFIX Sharpe Ratio Rank: 7
RYFIX Sortino Ratio Rank: 7
RYFIX Omega Ratio Rank: 7
RYFIX Calmar Ratio Rank: 6
RYFIX Martin Ratio Rank: 7

RPFGX

RPFGX Risk / Return Rank: 13
RPFGX Sharpe Ratio Rank: 16
RPFGX Sortino Ratio Rank: 15
RPFGX Omega Ratio Rank: 14
RPFGX Calmar Ratio Rank: 12
RPFGX Martin Ratio Rank: 10

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.

RYFIX vs. RPFGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Financial Services Fund (RYFIX) and Davis Financial Fund (RPFGX). 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.

	RYFIX	RPFGX	Difference
Sharpe ratio: Return per unit of total volatility	0.52	1.04	-0.52
Sortino ratio: Return per unit of downside risk	0.81	1.50	-0.69
Omega ratio: Gain probability vs. loss probability	1.10	1.18	-0.09
Calmar ratio: Return relative to maximum drawdown	0.55	1.07	-0.52
Martin ratio: Return relative to average drawdown	1.60	2.79	-1.19

RYFIX vs. RPFGX - Sharpe Ratio Comparison

The current RYFIX Sharpe Ratio is 0.52, which is lower than the RPFGX Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of RYFIX and RPFGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RYFIX vs. RPFGX - Drawdown Comparison

The maximum RYFIX drawdown since its inception was -77.63%, which is greater than RPFGX's maximum drawdown of -67.11%. Use the drawdown chart below to compare losses from any high point for RYFIX and RPFGX.

Drawdown Indicators

	RYFIX	RPFGX	Difference
Max Drawdown Largest peak-to-trough decline	-77.63%	-67.11%	-10.52%
Max Drawdown (1Y) Largest decline over 1 year	-13.52%	-14.54%	+1.02%
Max Drawdown (3Y) Largest decline over 3 years	-18.14%	-16.30%	-1.84%
Max Drawdown (5Y) Largest decline over 5 years	-27.08%	-26.86%	-0.22%
Max Drawdown (10Y) Largest decline over 10 years	-44.01%	-45.24%	+1.23%
Current Drawdown Current decline from peak	-2.95%	-5.91%	+2.96%
Average Drawdown Average peak-to-trough decline	-18.37%	-9.86%	-8.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.60%	5.55%	-0.95%

Volatility

RYFIX vs. RPFGX - Volatility Comparison

Rydex Financial Services Fund (RYFIX) and Davis Financial Fund (RPFGX) have volatilities of 4.35% and 4.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYFIX	RPFGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.35%	4.36%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	10.89%	11.76%	-0.87%
Volatility (1Y) Calculated over the trailing 1-year period	14.21%	15.00%	-0.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.53%	19.27%	-0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.00%	22.32%	-1.32%

RYFIX vs. RPFGX - Expense Ratio Comparison

RYFIX has a 1.36% expense ratio, which is higher than RPFGX's 0.94% expense ratio.

Dividends

RYFIX vs. RPFGX - Dividend Comparison

RYFIX's dividend yield for the trailing twelve months is around 1.21%, less than RPFGX's 4.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RPFGX Davis Financial Fund	4.10%	3.98%	4.19%	6.96%	3.41%	6.60%	5.60%	7.96%	8.93%	2.32%	1.68%	2.26%
RYFIX Rydex Financial Services Fund	1.21%	1.21%	0.76%	0.00%	25.45%	0.83%	0.00%	0.41%	5.14%	0.51%	0.71%	1.65%

Frequently Asked Questions

Can I hold both RYFIX and RPFGX in my portfolio?

With a correlation of 0.91, RYFIX and RPFGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, RYFIX or RPFGX?

RPFGX has higher volatility (4.36%) compared to RYFIX (4.35%). In terms of maximum drawdown, RYFIX dropped -77.63% vs RPFGX's -67.11%.

Which has better risk-adjusted returns?

RPFGX currently has the higher Sharpe Ratio (1.04 vs 0.52), 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.