RYGBX vs. RYWWX
RYGBX (Rydex Government Long Bond 1.2x Strategy Fund) and RYWWX (Rydex Inverse Emerging Markets 2x Strategy Fund) are both mutual funds - RYGBX is a Leveraged Bonds fund managed by Rydex Funds, while RYWWX is a Inverse Equities fund managed by Rydex Funds. Over the past 10 years, RYGBX returned -5.56%/yr vs -26.17%/yr for RYWWX. Their 0.19 correlation means their historical movements had little consistent relationship. RYGBX charges 0.99%/yr vs 1.87%/yr for RYWWX.
Performance
RYGBX vs. RYWWX - Performance Comparison
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Returns By Period
In the year-to-date period, RYGBX achieves a -5.72% return, which is significantly higher than RYWWX's -14.76% return. Over the past 10 years, RYGBX has outperformed RYWWX with an annualized return of -5.56%, while RYWWX has yielded a comparatively lower -26.17% 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%
RYWWX
- 1D
- -2.09%
- 1M
- -8.26%
- 6M
- 0.33%
- YTD
- -14.76%
- 1Y
- -35.82%
- 3Y*
- -31.09%
- 5Y*
- -20.87%
- 10Y*
- -26.17%
- ALL TIME*
- -20.02%
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. RYWWX - 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% |
RYWWX Rydex Inverse Emerging Markets 2x Strategy Fund | -14.76% | -51.31% | -17.03% | -28.06% | 2.55% | 17.09% | -57.70% | -39.99% | 23.02% | -47.98% |
Correlation
The correlation between RYGBX and RYWWX 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. | -0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.02 |
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, 2011 | 0.19 |
The correlation between RYGBX and RYWWX shifts across timeframes, from -0.13 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RYGBX vs. RYWWX — Risk / Return Rank
RYGBX
RYWWX
RYGBX vs. RYWWX - 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 Inverse Emerging Markets 2x Strategy Fund (RYWWX). 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 | RYWWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.87 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | -0.89 | +0.43 |
| Martin ratioReturn relative to average drawdown | -0.99 | -1.23 | +0.24 |
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Drawdowns
RYGBX vs. RYWWX - Drawdown Comparison
The maximum RYGBX drawdown since its inception was -62.42%, smaller than the maximum RYWWX drawdown of -98.12%. Use the drawdown chart below to compare losses from any high point for RYGBX and RYWWX.
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Drawdown Indicators
| RYGBX | RYWWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.42% | -98.12% | +35.70% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -41.95% | +31.48% |
Max Drawdown (3Y)Largest decline over 3 years | -19.21% | -75.97% | +56.76% |
Max Drawdown (5Y)Largest decline over 5 years | -55.36% | -84.06% | +28.70% |
Max Drawdown (10Y)Largest decline over 10 years | -62.42% | -95.68% | +33.26% |
Current DrawdownCurrent decline from peak | -60.77% | -97.95% | +37.18% |
Average DrawdownAverage peak-to-trough decline | -19.72% | -68.90% | +49.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 30.80% | -25.96% |
Volatility
RYGBX vs. RYWWX - Volatility Comparison
The current volatility for Rydex Government Long Bond 1.2x Strategy Fund (RYGBX) is 2.99%, while Rydex Inverse Emerging Markets 2x Strategy Fund (RYWWX) has a volatility of 13.15%. This indicates that RYGBX experiences smaller price fluctuations and is considered to be less risky than RYWWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYGBX | RYWWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 13.15% | -10.16% |
Volatility (6M)Calculated over the trailing 6-month period | 7.97% | 35.16% | -27.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.78% | 44.19% | -33.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.53% | 47.96% | -28.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.18% | 46.60% | -27.42% |
RYGBX vs. RYWWX - Expense Ratio Comparison
RYGBX has a 0.99% expense ratio, which is lower than RYWWX's 1.87% expense ratio.
Dividends
RYGBX vs. RYWWX - Dividend Comparison
RYGBX's dividend yield for the trailing twelve months is around 3.73%, less than RYWWX's 5.87% 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% |
RYWWX Rydex Inverse Emerging Markets 2x Strategy Fund | 5.87% | 5.00% | 5.36% | 3.28% | 0.00% | 0.00% | 0.00% | 1.06% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RYGBX and RYWWX 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.
RYWWX has higher volatility (13.15%) compared to RYGBX (2.99%). In terms of maximum drawdown, RYGBX dropped -62.42% vs RYWWX's -98.12%.
RYGBX currently has the higher Sharpe Ratio (-0.45 vs -0.84), 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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