RYGBX vs. RYVIX
RYGBX (Rydex Government Long Bond 1.2x Strategy Fund) and RYVIX (Rydex Energy Services Fund) are both mutual funds - RYGBX is a Leveraged Bonds fund managed by Rydex Funds, while RYVIX is a Energy Equities fund managed by Rydex Funds. Over the past 10 years, RYGBX returned -5.63%/yr vs -2.57%/yr for RYVIX. Their -0.23 correlation means they have often moved in opposite directions in the past. RYGBX charges 0.99%/yr vs 1.36%/yr for RYVIX.
Performance
RYGBX vs. RYVIX - 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 RYVIX's 34.11% return. Over the past 10 years, RYGBX has underperformed RYVIX with an annualized return of -5.63%, while RYVIX has yielded a comparatively higher -2.57% 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%
RYVIX
- 1D
- 2.37%
- 1M
- 4.22%
- 6M
- 10.41%
- YTD
- 34.11%
- 1Y
- 66.41%
- 3Y*
- 5.48%
- 5Y*
- 13.07%
- 10Y*
- -2.57%
- ALL TIME*
- 1.42%
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. RYVIX - 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% |
RYVIX Rydex Energy Services Fund | 34.11% | 2.29% | -7.73% | 4.45% | 43.02% | 17.12% | -36.94% | -0.41% | -45.58% | -18.85% |
Correlation
The correlation between RYGBX and RYVIX is -0.13, 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. | -0.13 |
Correlation (3Y) Balances recent behavior with more history. | -0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.12 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.22 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1999 | -0.23 |
The correlation between RYGBX and RYVIX shifts across timeframes, from -0.23 (all time) to -0.05 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
RYGBX vs. RYVIX — Risk / Return Rank
RYGBX
RYVIX
RYGBX vs. RYVIX - 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 Energy Services Fund (RYVIX). 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 | RYVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.42 | ||
| Sortino ratioReturn per unit of downside risk | -3.09 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.33 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 2.95 | -3.30 |
| Martin ratioReturn relative to average drawdown | -0.76 | 9.01 | -9.78 |
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Drawdowns
RYGBX vs. RYVIX - Drawdown Comparison
The maximum RYGBX drawdown since its inception was -62.42%, smaller than the maximum RYVIX drawdown of -94.06%. Use the drawdown chart below to compare losses from any high point for RYGBX and RYVIX.
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Drawdown Indicators
| RYGBX | RYVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.42% | -94.06% | +31.64% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -20.39% | +9.92% |
Max Drawdown (3Y)Largest decline over 3 years | -19.21% | -43.86% | +24.65% |
Max Drawdown (5Y)Largest decline over 5 years | -55.36% | -43.86% | -11.50% |
Max Drawdown (10Y)Largest decline over 10 years | -62.42% | -88.04% | +25.62% |
Current DrawdownCurrent decline from peak | -60.92% | -71.09% | +10.17% |
Average DrawdownAverage peak-to-trough decline | -19.71% | -46.31% | +26.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 6.69% | -1.90% |
Volatility
RYGBX vs. RYVIX - Volatility Comparison
The current volatility for Rydex Government Long Bond 1.2x Strategy Fund (RYGBX) is 2.93%, while Rydex Energy Services Fund (RYVIX) has a volatility of 8.26%. This indicates that RYGBX experiences smaller price fluctuations and is considered to be less risky than RYVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYGBX | RYVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 8.26% | -5.33% |
Volatility (6M)Calculated over the trailing 6-month period | 7.96% | 20.65% | -12.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.87% | 29.00% | -18.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.53% | 34.79% | -15.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.18% | 40.17% | -20.99% |
RYGBX vs. RYVIX - Expense Ratio Comparison
RYGBX has a 0.99% expense ratio, which is lower than RYVIX's 1.36% expense ratio.
Dividends
RYGBX vs. RYVIX - Dividend Comparison
RYGBX's dividend yield for the trailing twelve months is around 3.75%, more than RYVIX's 0.40% 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% |
RYVIX Rydex Energy Services Fund | 0.40% | 0.54% | 0.00% | 0.00% | 0.00% | 0.30% | 1.30% | 0.11% | 1.48% | 0.88% | 0.71% | 1.19% |
Frequently Asked Questions
RYGBX and RYVIX have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYVIX has higher volatility (8.26%) compared to RYGBX (2.93%). In terms of maximum drawdown, RYGBX dropped -62.42% vs RYVIX's -94.06%.
RYVIX currently has the higher Sharpe Ratio (2.08 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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