RYGBX vs. RYGRX
RYGBX (Rydex Government Long Bond 1.2x Strategy Fund) and RYGRX (Rydex S&P 500 Pure Growth Fund) are both mutual funds - RYGBX is a Leveraged Bonds fund managed by Rydex Funds, while RYGRX is a Large Cap Growth Equities fund managed by Rydex Funds. Over the past 10 years, RYGBX returned -5.56%/yr vs 11.96%/yr for RYGRX. 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 RYGRX.
Performance
RYGBX vs. RYGRX - 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 RYGRX's 21.11% return. Over the past 10 years, RYGBX has underperformed RYGRX with an annualized return of -5.56%, while RYGRX has yielded a comparatively higher 11.96% 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%
RYGRX
- 1D
- 2.02%
- 1M
- -4.71%
- 6M
- 15.07%
- YTD
- 21.11%
- 1Y
- 19.73%
- 3Y*
- 20.46%
- 5Y*
- 6.18%
- 10Y*
- 11.96%
- ALL TIME*
- 9.26%
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. RYGRX - 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% |
RYGRX Rydex S&P 500 Pure Growth Fund | 21.11% | 11.00% | 25.73% | 5.80% | -28.71% | 26.61% | 26.34% | 34.13% | -6.28% | 23.74% |
Correlation
The correlation between RYGBX and RYGRX is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.05 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | -0.22 |
The correlation between RYGBX and RYGRX shifts across timeframes, from -0.22 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RYGBX vs. RYGRX — Risk / Return Rank
RYGBX
RYGRX
RYGBX vs. RYGRX - 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 500 Pure Growth Fund (RYGRX). 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 | RYGRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.17 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 1.30 | -1.76 |
| Martin ratioReturn relative to average drawdown | -0.99 | 5.26 | -6.25 |
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Drawdowns
RYGBX vs. RYGRX - Drawdown Comparison
The maximum RYGBX drawdown since its inception was -62.42%, which is greater than RYGRX's maximum drawdown of -54.22%. Use the drawdown chart below to compare losses from any high point for RYGBX and RYGRX.
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Drawdown Indicators
| RYGBX | RYGRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.42% | -54.22% | -8.20% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -17.01% | +6.54% |
Max Drawdown (3Y)Largest decline over 3 years | -19.21% | -24.95% | +5.74% |
Max Drawdown (5Y)Largest decline over 5 years | -55.36% | -36.57% | -18.79% |
Max Drawdown (10Y)Largest decline over 10 years | -62.42% | -36.63% | -25.79% |
Current DrawdownCurrent decline from peak | -60.77% | -10.77% | -50.00% |
Average DrawdownAverage peak-to-trough decline | -19.72% | -9.38% | -10.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 4.19% | +0.65% |
Volatility
RYGBX vs. RYGRX - Volatility Comparison
The current volatility for Rydex Government Long Bond 1.2x Strategy Fund (RYGBX) is 2.99%, while Rydex S&P 500 Pure Growth Fund (RYGRX) has a volatility of 10.44%. This indicates that RYGBX experiences smaller price fluctuations and is considered to be less risky than RYGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYGBX | RYGRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 10.44% | -7.45% |
Volatility (6M)Calculated over the trailing 6-month period | 7.97% | 22.12% | -14.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.78% | 24.91% | -14.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.53% | 24.48% | -4.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.18% | 23.35% | -4.17% |
RYGBX vs. RYGRX - Expense Ratio Comparison
RYGBX has a 0.99% expense ratio, which is lower than RYGRX's 2.26% expense ratio.
Dividends
RYGBX vs. RYGRX - Dividend Comparison
RYGBX's dividend yield for the trailing twelve months is around 3.73%, less than RYGRX's 4.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RYGRX Rydex S&P 500 Pure Growth Fund | 4.20% | 5.09% | 0.00% | 0.00% | 0.00% | 2.81% | 4.43% | 12.10% | 7.15% | 6.26% | 0.05% | 2.96% |
Frequently Asked Questions
RYGBX and RYGRX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYGRX has higher volatility (10.44%) compared to RYGBX (2.99%). In terms of maximum drawdown, RYGBX dropped -62.42% vs RYGRX's -54.22%.
RYGRX currently has the higher Sharpe Ratio (0.89 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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