RYFIX vs. SBFAX
RYFIX (Rydex Financial Services Fund) and SBFAX (1919 Financial Services Fund) are both Financials Equities funds from BlackRock. Over the past 10 years, RYFIX returned 10.29%/yr vs 8.86%/yr for SBFAX. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 1.36% expense ratio.
Performance
RYFIX vs. SBFAX - Performance Comparison
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Returns By Period
In the year-to-date period, RYFIX achieves a 0.06% return, which is significantly higher than SBFAX's -2.27% return. Over the past 10 years, RYFIX has outperformed SBFAX with an annualized return of 10.29%, while SBFAX has yielded a comparatively lower 8.86% 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%
SBFAX
- 1D
- -0.54%
- 1M
- 1.85%
- YTD
- -2.27%
- 6M
- -3.73%
- 1Y
- 2.24%
- 3Y*
- 13.48%
- 5Y*
- 4.20%
- 10Y*
- 8.86%
RYFIX vs. SBFAX - 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% |
SBFAX 1919 Financial Services Fund | -2.27% | 4.29% | 24.86% | 1.50% | -13.99% | 30.74% | 0.14% | 29.11% | -14.94% | 14.65% |
Correlation
The correlation between RYFIX and SBFAX is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
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 | 0.91 |
The correlation between RYFIX and SBFAX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
RYFIX vs. SBFAX — Risk / Return Rank
RYFIX
SBFAX
RYFIX vs. SBFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Financial Services Fund (RYFIX) and 1919 Financial Services Fund (SBFAX). 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 | SBFAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.04 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 0.24 | +0.30 |
| Martin ratioReturn relative to average drawdown | 1.60 | 0.55 | +1.05 |
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Drawdowns
RYFIX vs. SBFAX - Drawdown Comparison
The maximum RYFIX drawdown since its inception was -77.63%, which is greater than SBFAX's maximum drawdown of -49.33%. Use the drawdown chart below to compare losses from any high point for RYFIX and SBFAX.
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Drawdown Indicators
| RYFIX | SBFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.63% | -49.33% | -28.30% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -11.03% | -2.49% |
Max Drawdown (3Y)Largest decline over 3 years | -18.14% | -16.41% | -1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -27.08% | -33.94% | +6.86% |
Max Drawdown (10Y)Largest decline over 10 years | -44.01% | -43.58% | -0.43% |
Current DrawdownCurrent decline from peak | -2.95% | -5.23% | +2.28% |
Average DrawdownAverage peak-to-trough decline | -18.37% | -9.51% | -8.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.60% | 4.85% | -0.25% |
Volatility
RYFIX vs. SBFAX - Volatility Comparison
Rydex Financial Services Fund (RYFIX) and 1919 Financial Services Fund (SBFAX) have volatilities of 4.35% and 4.49%, 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.
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Volatility by Period
| RYFIX | SBFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 4.49% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 10.89% | 10.51% | +0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.21% | 14.49% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.53% | 19.31% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.00% | 22.84% | -1.84% |
RYFIX vs. SBFAX - Expense Ratio Comparison
Both RYFIX and SBFAX have an expense ratio of 1.36%.
Dividends
RYFIX vs. SBFAX - Dividend Comparison
RYFIX's dividend yield for the trailing twelve months is around 1.21%, less than SBFAX's 14.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SBFAX 1919 Financial Services Fund | 14.84% | 14.51% | 10.60% | 10.93% | 2.40% | 4.83% | 5.09% | 3.84% | 1.58% | 0.00% | 2.93% | 7.25% |
Frequently Asked Questions
RYFIX and SBFAX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBFAX has higher volatility (4.49%) compared to RYFIX (4.35%). In terms of maximum drawdown, RYFIX dropped -77.63% vs SBFAX's -49.33%.
RYFIX currently has the higher Sharpe Ratio (0.52 vs 0.18), 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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