RYGBX vs. RYMEX
RYGBX (Rydex Government Long Bond 1.2x Strategy Fund) and RYMEX (Rydex Commodities Strategy Fund) are both mutual funds - RYGBX is a Leveraged Bonds fund managed by Rydex Funds, while RYMEX is a Commodities fund managed by Rydex Funds. Over the past 10 years, RYGBX returned -5.63%/yr vs 8.65%/yr for RYMEX. Their -0.21 correlation means they have often moved in opposite directions in the past. RYGBX charges 0.99%/yr vs 1.60%/yr for RYMEX.
Performance
RYGBX vs. RYMEX - Performance Comparison
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Returns By Period
In the year-to-date period, RYGBX achieves a -6.07% return, which is significantly lower than RYMEX's 37.87% return. Over the past 10 years, RYGBX has underperformed RYMEX with an annualized return of -5.63%, while RYMEX has yielded a comparatively higher 8.65% annualized return.
RYGBX
- 1D
- -0.82%
- 1M
- -4.90%
- 6M
- -4.91%
- YTD
- -6.07%
- 1Y
- -5.14%
- 3Y*
- -5.38%
- 5Y*
- -13.27%
- 10Y*
- -5.63%
- ALL TIME*
- 1.17%
RYMEX
- 1D
- 0.72%
- 1M
- 13.12%
- 6M
- 30.17%
- YTD
- 37.87%
- 1Y
- 41.19%
- 3Y*
- 13.33%
- 5Y*
- 13.74%
- 10Y*
- 8.65%
- ALL TIME*
- -3.23%
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. RYMEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYGBX Rydex Government Long Bond 1.2x Strategy Fund | -6.07% | 2.19% | -12.81% | -1.05% | -40.90% | -7.28% | 21.93% | 17.50% | -5.20% | 9.93% |
RYMEX Rydex Commodities Strategy Fund | 37.87% | 4.70% | 8.24% | -6.14% | 23.72% | 39.03% | -22.99% | 15.48% | -14.96% | 4.67% |
Correlation
The correlation between RYGBX and RYMEX is -0.41, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.41 |
Correlation (3Y) Balances recent behavior with more history. | -0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | -0.21 |
Over the past year, the inverse relationship between RYGBX and RYMEX has strengthened: their correlation has moved from -0.21 to -0.41, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
RYGBX vs. RYMEX — Risk / Return Rank
RYGBX
RYMEX
RYGBX vs. RYMEX - 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 Commodities Strategy Fund (RYMEX). 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 | RYMEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.28 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 2.10 | -2.45 |
| Martin ratioReturn relative to average drawdown | -0.76 | 6.68 | -7.45 |
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Drawdowns
RYGBX vs. RYMEX - Drawdown Comparison
The maximum RYGBX drawdown since its inception was -62.42%, smaller than the maximum RYMEX drawdown of -91.81%. Use the drawdown chart below to compare losses from any high point for RYGBX and RYMEX.
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Drawdown Indicators
| RYGBX | RYMEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.42% | -91.81% | +29.39% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -18.68% | +8.21% |
Max Drawdown (3Y)Largest decline over 3 years | -19.21% | -18.68% | -0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -55.36% | -30.45% | -24.91% |
Max Drawdown (10Y)Largest decline over 10 years | -62.42% | -59.20% | -3.22% |
Current DrawdownCurrent decline from peak | -60.92% | -66.31% | +5.39% |
Average DrawdownAverage peak-to-trough decline | -19.71% | -66.07% | +46.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 5.90% | -1.11% |
Volatility
RYGBX vs. RYMEX - Volatility Comparison
The current volatility for Rydex Government Long Bond 1.2x Strategy Fund (RYGBX) is 2.93%, while Rydex Commodities Strategy Fund (RYMEX) has a volatility of 8.18%. This indicates that RYGBX experiences smaller price fluctuations and is considered to be less risky than RYMEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYGBX | RYMEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 8.18% | -5.25% |
Volatility (6M)Calculated over the trailing 6-month period | 7.96% | 23.18% | -15.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.87% | 25.14% | -14.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.53% | 23.09% | -3.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.18% | 22.36% | -3.18% |
RYGBX vs. RYMEX - Expense Ratio Comparison
RYGBX has a 0.99% expense ratio, which is lower than RYMEX's 1.60% expense ratio.
Dividends
RYGBX vs. RYMEX - Dividend Comparison
RYGBX's dividend yield for the trailing twelve months is around 3.75%, more than RYMEX's 1.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYGBX Rydex Government Long Bond 1.2x Strategy Fund | 3.75% | 3.59% | 2.89% | 2.70% | 1.69% | 0.71% | 46.47% | 5.00% | 1.51% | 1.45% | 5.62% | 2.07% |
RYMEX Rydex Commodities Strategy Fund | 1.73% | 2.38% | 0.00% | 4.98% | 17.15% | 2.97% | 109.50% | 0.74% | 44.23% | 1.49% | 0.00% | 0.00% |
Frequently Asked Questions
RYGBX and RYMEX have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYMEX has higher volatility (8.18%) compared to RYGBX (2.93%). In terms of maximum drawdown, RYGBX dropped -62.42% vs RYMEX's -91.81%.
RYMEX currently has the higher Sharpe Ratio (1.57 vs -0.34), 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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