RYHDX vs. CWFIX
RYHDX (Rydex High Yield Strategy Fund) and CWFIX (Chartwell Short Duration High Yield Fund) are both High Yield Bonds funds. Over the past 10 years, RYHDX returned 3.76%/yr vs 3.86%/yr for CWFIX. Their 0.55 correlation means they have sometimes moved together and sometimes differently. RYHDX charges 1.53%/yr vs 0.49%/yr for CWFIX.
Performance
RYHDX vs. CWFIX - Performance Comparison
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Returns By Period
In the year-to-date period, RYHDX achieves a -0.60% return, which is significantly lower than CWFIX's 1.73% return. Both investments have delivered pretty close results over the past 10 years, with RYHDX having a 3.76% annualized return and CWFIX not far ahead at 3.86%.
RYHDX
- 1D
- 0.34%
- 1M
- -0.76%
- 6M
- -0.75%
- YTD
- -0.60%
- 1Y
- 3.47%
- 3Y*
- 7.70%
- 5Y*
- 3.06%
- 10Y*
- 3.76%
- ALL TIME*
- 5.00%
CWFIX
- 1D
- 0.00%
- 1M
- -0.10%
- 6M
- 1.42%
- YTD
- 1.73%
- 1Y
- 4.59%
- 3Y*
- 6.16%
- 5Y*
- 3.87%
- 10Y*
- 3.86%
- ALL TIME*
- 3.41%
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 |
RYHDX vs. CWFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYHDX Rydex High Yield Strategy Fund | -0.60% | 10.43% | 6.65% | 12.85% | -11.62% | 1.56% | -0.23% | 14.06% | -0.93% | 6.06% |
CWFIX Chartwell Short Duration High Yield Fund | 1.73% | 6.99% | 5.78% | 7.80% | -3.17% | 2.40% | 4.38% | 7.33% | 0.36% | 3.06% |
Correlation
The correlation between RYHDX and CWFIX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2014 | 0.55 |
The correlation between RYHDX and CWFIX shifts across timeframes, from 0.55 (all time) to 0.67 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
RYHDX vs. CWFIX — Risk / Return Rank
RYHDX
CWFIX
RYHDX vs. CWFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex High Yield Strategy Fund (RYHDX) and Chartwell Short Duration High Yield Fund (CWFIX). 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.
| RYHDX | CWFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.87 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.81 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 4.10 | -3.20 |
| Martin ratioReturn relative to average drawdown | 3.53 | 21.65 | -18.12 |
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Drawdowns
RYHDX vs. CWFIX - Drawdown Comparison
The maximum RYHDX drawdown since its inception was -23.28%, which is greater than CWFIX's maximum drawdown of -12.41%. Use the drawdown chart below to compare losses from any high point for RYHDX and CWFIX.
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Drawdown Indicators
| RYHDX | CWFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.28% | -12.41% | -10.87% |
Max Drawdown (1Y)Largest decline over 1 year | -4.25% | -1.13% | -3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -5.01% | -1.37% | -3.64% |
Max Drawdown (5Y)Largest decline over 5 years | -19.09% | -6.36% | -12.73% |
Max Drawdown (10Y)Largest decline over 10 years | -19.75% | -12.41% | -7.34% |
Current DrawdownCurrent decline from peak | -1.22% | -0.21% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -3.29% | -0.85% | -2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.21% | +0.86% |
Volatility
RYHDX vs. CWFIX - Volatility Comparison
Rydex High Yield Strategy Fund (RYHDX) has a higher volatility of 1.27% compared to Chartwell Short Duration High Yield Fund (CWFIX) at 0.34%. This indicates that RYHDX's price experiences larger fluctuations and is considered to be riskier than CWFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYHDX | CWFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 0.34% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 1.24% | +3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.20% | 1.51% | +3.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.77% | 2.76% | +5.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.15% | 3.07% | +5.08% |
RYHDX vs. CWFIX - Expense Ratio Comparison
RYHDX has a 1.53% expense ratio, which is higher than CWFIX's 0.49% expense ratio.
Dividends
RYHDX vs. CWFIX - Dividend Comparison
RYHDX's dividend yield for the trailing twelve months is around 9.61%, more than CWFIX's 5.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWFIX Chartwell Short Duration High Yield Fund | 4.72% | 5.17% | 5.09% | 4.41% | 3.17% | 2.79% | 3.38% | 3.60% | 3.24% | 2.82% | 3.79% | 3.32% |
RYHDX Rydex High Yield Strategy Fund | 9.61% | 9.55% | 7.31% | 4.02% | 0.32% | 0.00% | 0.00% | 4.41% | 3.50% | 8.53% | 1.93% | 3.99% |
Frequently Asked Questions
RYHDX and CWFIX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYHDX has higher volatility (1.27%) compared to CWFIX (0.34%). In terms of maximum drawdown, RYHDX dropped -23.28% vs CWFIX's -12.41%.
CWFIX currently has the higher Sharpe Ratio (3.07 vs 0.73), 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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