RYHDX vs. RYAIX
RYHDX (Rydex High Yield Strategy Fund) and RYAIX (Rydex Inverse NASDAQ-100 Strategy Fund) are both mutual funds - RYHDX is a High Yield Bonds fund managed by Rydex Funds, while RYAIX is a Inverse Equities fund managed by Rydex Funds. Over the past 10 years, RYHDX returned 3.76%/yr vs -18.03%/yr for RYAIX. Their -0.58 correlation means they have often moved in opposite directions in the past. RYHDX charges 1.53%/yr vs 1.55%/yr for RYAIX.
Performance
RYHDX vs. RYAIX - Performance Comparison
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Returns By Period
In the year-to-date period, RYHDX achieves a -0.60% return, which is significantly higher than RYAIX's -9.23% return. Over the past 10 years, RYHDX has outperformed RYAIX with an annualized return of 3.76%, while RYAIX has yielded a comparatively lower -18.03% annualized return.
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%
RYAIX
- 1D
- -3.29%
- 1M
- 5.63%
- 6M
- -8.48%
- YTD
- -9.23%
- 1Y
- -16.78%
- 3Y*
- -14.70%
- 5Y*
- -11.60%
- 10Y*
- -18.03%
- ALL TIME*
- -14.55%
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. RYAIX - 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% |
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | -9.23% | -15.63% | -15.64% | -31.71% | 35.92% | -24.88% | -40.98% | -27.65% | -2.63% | -24.47% |
Correlation
The correlation between RYHDX and RYAIX is -0.55, 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. | -0.55 |
Correlation (3Y) Balances recent behavior with more history. | -0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.61 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.61 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | -0.58 |
The correlation between RYHDX and RYAIX has been stable across timeframes, ranging from -0.61 to -0.54 - a consistent structural relationship.
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Return for Risk
RYHDX vs. RYAIX — Risk / Return Rank
RYHDX
RYAIX
RYHDX vs. RYAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex High Yield Strategy Fund (RYHDX) 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.
| RYHDX | RYAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.48 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.89 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | -0.57 | +1.47 |
| Martin ratioReturn relative to average drawdown | 3.53 | -1.12 | +4.65 |
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Drawdowns
RYHDX vs. RYAIX - Drawdown Comparison
The maximum RYHDX drawdown since its inception was -23.28%, smaller than the maximum RYAIX drawdown of -98.93%. Use the drawdown chart below to compare losses from any high point for RYHDX and RYAIX.
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Drawdown Indicators
| RYHDX | RYAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.28% | -98.93% | +75.65% |
Max Drawdown (1Y)Largest decline over 1 year | -4.25% | -25.47% | +21.22% |
Max Drawdown (3Y)Largest decline over 3 years | -5.01% | -50.13% | +45.12% |
Max Drawdown (5Y)Largest decline over 5 years | -19.09% | -61.15% | +42.06% |
Max Drawdown (10Y)Largest decline over 10 years | -19.75% | -87.73% | +67.98% |
Current DrawdownCurrent decline from peak | -1.22% | -98.82% | +97.60% |
Average DrawdownAverage peak-to-trough decline | -3.29% | -73.43% | +70.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 12.97% | -11.90% |
Volatility
RYHDX vs. RYAIX - Volatility Comparison
The current volatility for Rydex High Yield Strategy Fund (RYHDX) is 1.27%, while Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) has a volatility of 7.09%. This indicates that RYHDX experiences smaller price fluctuations and is considered to be less risky than RYAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYHDX | RYAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 7.09% | -5.82% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 16.22% | -11.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.20% | 19.55% | -14.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.77% | 23.36% | -15.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.15% | 22.86% | -14.71% |
RYHDX vs. RYAIX - Expense Ratio Comparison
RYHDX has a 1.53% expense ratio, which is lower than RYAIX's 1.55% expense ratio.
Dividends
RYHDX vs. RYAIX - Dividend Comparison
RYHDX's dividend yield for the trailing twelve months is around 9.61%, more than RYAIX's 2.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | 2.46% | 2.23% | 5.67% | 4.81% | 0.00% | 0.00% | 0.09% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% |
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 RYAIX have a correlation of -0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYAIX has higher volatility (7.09%) compared to RYHDX (1.27%). In terms of maximum drawdown, RYHDX dropped -23.28% vs RYAIX's -98.93%.
RYHDX currently has the higher Sharpe Ratio (0.73 vs -0.75), 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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