RYGBX vs. RYCKX
RYGBX (Rydex Government Long Bond 1.2x Strategy Fund) and RYCKX (Rydex S&P MidCap 400 Pure Growth Fund) are both mutual funds - RYGBX is a Leveraged Bonds fund managed by Rydex Funds, while RYCKX is a Mid Cap Growth Equities fund managed by Rydex Funds. Over the past 10 years, RYGBX returned -5.56%/yr vs 7.38%/yr for RYCKX. Their -0.22 correlation means they have often moved in opposite directions in the past. RYGBX charges 0.99%/yr vs 2.26%/yr for RYCKX.
Performance
RYGBX vs. RYCKX - Performance Comparison
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Returns By Period
In the year-to-date period, RYGBX achieves a -5.72% return, which is significantly lower than RYCKX's 13.76% return. Over the past 10 years, RYGBX has underperformed RYCKX with an annualized return of -5.56%, while RYCKX has yielded a comparatively higher 7.38% annualized return.
RYGBX
- 1D
- 0.37%
- 1M
- -4.54%
- 6M
- -4.77%
- YTD
- -5.72%
- 1Y
- -5.07%
- 3Y*
- -4.57%
- 5Y*
- -13.47%
- 10Y*
- -5.56%
- ALL TIME*
- 1.18%
RYCKX
- 1D
- 1.33%
- 1M
- -3.68%
- 6M
- 7.12%
- YTD
- 13.76%
- 1Y
- 17.38%
- 3Y*
- 12.30%
- 5Y*
- 4.32%
- 10Y*
- 7.38%
- ALL TIME*
- 7.74%
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 |
RYGBX vs. RYCKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYGBX Rydex Government Long Bond 1.2x Strategy Fund | -5.72% | 2.19% | -12.81% | -1.05% | -40.90% | -7.28% | 21.93% | 17.50% | -5.20% | 9.93% |
RYCKX Rydex S&P MidCap 400 Pure Growth Fund | 13.76% | 6.61% | 15.10% | 13.97% | -23.05% | 11.26% | 29.72% | 14.60% | -15.17% | 18.02% |
Correlation
The correlation between RYGBX and RYCKX is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | -0.22 |
The correlation between RYGBX and RYCKX shifts across timeframes, from -0.22 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RYGBX vs. RYCKX — Risk / Return Rank
RYGBX
RYCKX
RYGBX vs. RYCKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Government Long Bond 1.2x Strategy Fund (RYGBX) and Rydex S&P MidCap 400 Pure Growth Fund (RYCKX). 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.
| RYGBX | RYCKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.17 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 1.79 | -2.25 |
| Martin ratioReturn relative to average drawdown | -0.99 | 5.97 | -6.96 |
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Drawdowns
RYGBX vs. RYCKX - Drawdown Comparison
The maximum RYGBX drawdown since its inception was -62.42%, which is greater than RYCKX's maximum drawdown of -52.60%. Use the drawdown chart below to compare losses from any high point for RYGBX and RYCKX.
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Drawdown Indicators
| RYGBX | RYCKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.42% | -52.60% | -9.82% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -10.50% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -19.21% | -27.14% | +7.93% |
Max Drawdown (5Y)Largest decline over 5 years | -55.36% | -35.98% | -19.38% |
Max Drawdown (10Y)Largest decline over 10 years | -62.42% | -44.75% | -17.67% |
Current DrawdownCurrent decline from peak | -60.77% | -6.73% | -54.04% |
Average DrawdownAverage peak-to-trough decline | -19.72% | -9.47% | -10.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 3.15% | +1.69% |
Volatility
RYGBX vs. RYCKX - Volatility Comparison
The current volatility for Rydex Government Long Bond 1.2x Strategy Fund (RYGBX) is 2.99%, while Rydex S&P MidCap 400 Pure Growth Fund (RYCKX) has a volatility of 6.15%. This indicates that RYGBX experiences smaller price fluctuations and is considered to be less risky than RYCKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYGBX | RYCKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 6.15% | -3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 7.97% | 16.15% | -8.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.78% | 19.64% | -8.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.53% | 22.98% | -3.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.18% | 23.12% | -3.94% |
RYGBX vs. RYCKX - Expense Ratio Comparison
RYGBX has a 0.99% expense ratio, which is lower than RYCKX's 2.26% expense ratio.
Dividends
RYGBX vs. RYCKX - Dividend Comparison
RYGBX's dividend yield for the trailing twelve months is around 3.73%, while RYCKX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYCKX Rydex S&P MidCap 400 Pure Growth Fund | 0.00% | 0.00% | 20.92% | 0.00% | 14.34% | 13.66% | 1.29% | 0.00% | 18.93% | 7.60% | 1.72% | 5.90% |
RYGBX Rydex Government Long Bond 1.2x Strategy Fund | 3.73% | 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
RYGBX and RYCKX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYCKX has higher volatility (6.15%) compared to RYGBX (2.99%). In terms of maximum drawdown, RYGBX dropped -62.42% vs RYCKX's -52.60%.
RYCKX currently has the higher Sharpe Ratio (0.96 vs -0.45), 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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