RYGBX vs. RYTNX
RYGBX (Rydex Government Long Bond 1.2x Strategy Fund) and RYTNX (Rydex S&P 500 2x Strategy Fund) are both mutual funds - RYGBX is a Leveraged Bonds fund managed by Rydex Funds, while RYTNX is a Leveraged Equities fund managed by Rydex Funds. Over the past 10 years, RYGBX returned -5.69%/yr vs 21.48%/yr for RYTNX. Their -0.25 correlation means they have often moved in opposite directions in the past. RYGBX charges 0.99%/yr vs 1.82%/yr for RYTNX.
Performance
RYGBX vs. RYTNX - Performance Comparison
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Returns By Period
In the year-to-date period, RYGBX achieves a -5.29% return, which is significantly lower than RYTNX's 13.96% return. Over the past 10 years, RYGBX has underperformed RYTNX with an annualized return of -5.69%, while RYTNX has yielded a comparatively higher 21.48% annualized return.
RYGBX
- 1D
- -0.13%
- 1M
- -4.11%
- 6M
- -4.50%
- YTD
- -5.29%
- 1Y
- -4.35%
- 3Y*
- -5.78%
- 5Y*
- -13.13%
- 10Y*
- -5.69%
- ALL TIME*
- 1.19%
RYTNX
- 1D
- 3.28%
- 1M
- -1.58%
- 6M
- 11.42%
- YTD
- 13.96%
- 1Y
- 33.89%
- 3Y*
- 28.59%
- 5Y*
- 15.31%
- 10Y*
- 21.48%
- ALL TIME*
- 9.45%
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. RYTNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYGBX Rydex Government Long Bond 1.2x Strategy Fund | -5.29% | 2.19% | -12.81% | -1.05% | -40.90% | -7.28% | 21.93% | 17.50% | -5.20% | 9.93% |
RYTNX Rydex S&P 500 2x Strategy Fund | 13.96% | 24.88% | 41.95% | 45.20% | -39.32% | 55.55% | 20.31% | 62.29% | -15.06% | 42.95% |
Correlation
The correlation between RYGBX and RYTNX is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.09 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | -0.25 |
The correlation between RYGBX and RYTNX shifts across timeframes, from -0.25 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RYGBX vs. RYTNX — Risk / Return Rank
RYGBX
RYTNX
RYGBX vs. RYTNX - 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 2x Strategy Fund (RYTNX). 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 | RYTNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.20 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 1.56 | -1.81 |
| Martin ratioReturn relative to average drawdown | -0.52 | 6.24 | -6.75 |
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Drawdowns
RYGBX vs. RYTNX - Drawdown Comparison
The maximum RYGBX drawdown since its inception was -62.42%, smaller than the maximum RYTNX drawdown of -86.64%. Use the drawdown chart below to compare losses from any high point for RYGBX and RYTNX.
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Drawdown Indicators
| RYGBX | RYTNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.42% | -86.64% | +24.22% |
Max Drawdown (1Y)Largest decline over 1 year | -9.88% | -18.43% | +8.55% |
Max Drawdown (3Y)Largest decline over 3 years | -19.21% | -35.36% | +16.15% |
Max Drawdown (5Y)Largest decline over 5 years | -55.36% | -47.01% | -8.35% |
Max Drawdown (10Y)Largest decline over 10 years | -62.42% | -59.23% | -3.19% |
Current DrawdownCurrent decline from peak | -60.60% | -5.43% | -55.17% |
Average DrawdownAverage peak-to-trough decline | -19.71% | -28.39% | +8.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.75% | 4.59% | +0.16% |
Volatility
RYGBX vs. RYTNX - Volatility Comparison
The current volatility for Rydex Government Long Bond 1.2x Strategy Fund (RYGBX) is 2.93%, while Rydex S&P 500 2x Strategy Fund (RYTNX) has a volatility of 6.88%. This indicates that RYGBX experiences smaller price fluctuations and is considered to be less risky than RYTNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYGBX | RYTNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 6.88% | -3.95% |
Volatility (6M)Calculated over the trailing 6-month period | 7.92% | 20.17% | -12.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.87% | 25.67% | -14.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.54% | 33.98% | -14.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.19% | 36.17% | -16.98% |
RYGBX vs. RYTNX - Expense Ratio Comparison
RYGBX has a 0.99% expense ratio, which is lower than RYTNX's 1.82% expense ratio.
Dividends
RYGBX vs. RYTNX - Dividend Comparison
RYGBX's dividend yield for the trailing twelve months is around 3.71%, less than RYTNX'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 | 3.71% | 3.59% | 2.89% | 2.70% | 1.69% | 0.71% | 46.47% | 5.00% | 1.51% | 1.45% | 5.62% | 2.07% |
RYTNX Rydex S&P 500 2x Strategy Fund | 4.20% | 4.79% | 5.45% | 0.14% | 0.00% | 0.14% | 0.69% | 1.84% | 0.00% | 5.84% | 0.16% | 1.52% |
Frequently Asked Questions
RYGBX and RYTNX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYTNX has higher volatility (6.88%) compared to RYGBX (2.93%). In terms of maximum drawdown, RYGBX dropped -62.42% vs RYTNX's -86.64%.
RYTNX currently has the higher Sharpe Ratio (1.12 vs -0.23), 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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