RYGRX vs. RYAIX

Last updated Aug 5, 2026

RYGRX (Rydex S&P 500 Pure Growth Fund) and RYAIX (Rydex Inverse NASDAQ-100 Strategy Fund) are both mutual funds - RYGRX is a Large Cap Growth Equities fund managed by Rydex Funds, while RYAIX is a Inverse Equities fund managed by Rydex Funds. Over the past 10 years, RYGRX returned 11.96%/yr vs -18.15%/yr for RYAIX. Their -0.88 correlation means they have often moved in opposite directions in the past. RYGRX charges 2.26%/yr vs 1.55%/yr for RYAIX.

Performance

RYGRX vs. RYAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex S&P 500 Pure Growth Fund (RYGRX) and Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYGRX achieves a 21.11% return, which is significantly higher than RYAIX's -11.34% return. Over the past 10 years, RYGRX has outperformed RYAIX with an annualized return of 11.96%, while RYAIX has yielded a comparatively lower -18.15% annualized return.

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%

RYAIX

• 1D: -1.75%
• 1M: 3.18%
• 6M: -11.37%
• YTD: -11.34%
• 1Y: -17.20%
• 3Y*: -16.26%
• 5Y*: -11.88%
• 10Y*: -18.15%
• ALL TIME*: -14.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund	$0.00	$0.00	$0.00
RYGRX Rydex S&P 500 Pure Growth Fund	$0.00	$0.00	$0.00

RYGRX vs. RYAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund	-11.34%	-15.63%	-15.64%	-31.71%	35.92%	-24.88%	-40.98%	-27.65%	-2.63%	-24.47%

Correlation

The correlation between RYGRX and RYAIX is -0.85, 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.	-0.85
Correlation (3Y) Balances recent behavior with more history.	-0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	-0.85
Correlation (10Y) Provides a long-term view across more market conditions.	-0.86
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005	-0.88

The correlation between RYGRX and RYAIX has been stable across timeframes, ranging from -0.88 to -0.84 - a consistent structural relationship.

Return for Risk

RYGRX vs. RYAIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RYGRX

RYGRX Risk / Return Rank: 25
RYGRX Sharpe Ratio Rank: 22
RYGRX Sortino Ratio Rank: 23
RYGRX Omega Ratio Rank: 23
RYGRX Calmar Ratio Rank: 26
RYGRX Martin Ratio Rank: 33

RYAIX

RYAIX Risk / Return Rank: 0
RYAIX Sharpe Ratio Rank: 0
RYAIX Sortino Ratio Rank: 0
RYAIX Omega Ratio Rank: 0
RYAIX Calmar Ratio Rank: 0
RYAIX Martin Ratio Rank: 0

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RYGRX vs. RYAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex S&P 500 Pure Growth Fund (RYGRX) and Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX). 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.

	RYGRX	RYAIX	Difference
Sharpe ratio: Return per unit of total volatility	0.89	-0.96	+1.85
Sortino ratio: Return per unit of downside risk	1.35	-1.35	+2.70
Omega ratio: Gain probability vs. loss probability	1.17	0.85	+0.32
Calmar ratio: Return relative to maximum drawdown	1.30	-0.74	+2.03
Martin ratio: Return relative to average drawdown	5.26	-1.47	+6.73

RYGRX vs. RYAIX - Sharpe Ratio Comparison

The current RYGRX Sharpe Ratio is 0.89, which is higher than the RYAIX Sharpe Ratio of -0.96. The chart below compares the historical Sharpe Ratios of RYGRX and RYAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RYGRX vs. RYAIX - Drawdown Comparison

The maximum RYGRX drawdown since its inception was -54.22%, smaller than the maximum RYAIX drawdown of -98.93%. Use the drawdown chart below to compare losses from any high point for RYGRX and RYAIX.

Drawdown Indicators

	RYGRX	RYAIX	Difference
Max Drawdown Largest peak-to-trough decline	-54.22%	-98.93%	+44.71%
Max Drawdown (1Y) Largest decline over 1 year	-17.01%	-25.47%	+8.46%
Max Drawdown (3Y) Largest decline over 3 years	-24.95%	-50.13%	+25.18%
Max Drawdown (5Y) Largest decline over 5 years	-36.57%	-61.15%	+24.58%
Max Drawdown (10Y) Largest decline over 10 years	-36.63%	-87.73%	+51.10%
Current Drawdown Current decline from peak	-10.77%	-98.85%	+88.08%
Average Drawdown Average peak-to-trough decline	-9.38%	-73.44%	+64.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.19%	13.09%	-8.90%

Volatility

RYGRX vs. RYAIX - Volatility Comparison

Rydex S&P 500 Pure Growth Fund (RYGRX) has a higher volatility of 10.44% compared to Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) at 7.19%. This indicates that RYGRX's price experiences larger fluctuations and is considered to be riskier than RYAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYGRX	RYAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.44%	7.19%	+3.25%
Volatility (6M) Calculated over the trailing 6-month period	22.12%	16.24%	+5.88%
Volatility (1Y) Calculated over the trailing 1-year period	24.91%	19.54%	+5.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.48%	23.37%	+1.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.35%	22.88%	+0.47%

RYGRX vs. RYAIX - Expense Ratio Comparison

RYGRX has a 2.26% expense ratio, which is higher than RYAIX's 1.55% expense ratio.

Dividends

RYGRX vs. RYAIX - Dividend Comparison

RYGRX's dividend yield for the trailing twelve months is around 4.20%, more than RYAIX's 2.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund	2.51%	2.23%	5.67%	4.81%	0.00%	0.00%	0.09%	0.72%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both RYGRX and RYAIX in my portfolio?

RYGRX and RYAIX have a correlation of -0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYGRX or RYAIX?

RYGRX has higher volatility (10.44%) compared to RYAIX (7.19%). In terms of maximum drawdown, RYGRX dropped -54.22% vs RYAIX's -98.93%.

Which has better risk-adjusted returns?

RYGRX currently has the higher Sharpe Ratio (0.89 vs -0.96), 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.