RYHDX vs. RYGBX
RYHDX (Rydex High Yield Strategy Fund) and RYGBX (Rydex Government Long Bond 1.2x Strategy Fund) are both mutual funds - RYHDX is a High Yield Bonds fund managed by Rydex Funds, while RYGBX is a Leveraged Bonds fund managed by Rydex Funds. Over the past 10 years, RYHDX returned 3.76%/yr vs -5.69%/yr for RYGBX. Their 0.06 correlation means their historical movements had little consistent relationship. RYHDX charges 1.53%/yr vs 0.99%/yr for RYGBX.
Performance
RYHDX vs. RYGBX - 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 RYGBX's -5.29% return. Over the past 10 years, RYHDX has outperformed RYGBX with an annualized return of 3.76%, while RYGBX has yielded a comparatively lower -5.69% 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%
RYGBX
- 1D
- -0.13%
- 1M
- -4.11%
- 6M
- -4.50%
- YTD
- -5.29%
- 1Y
- -4.35%
- 3Y*
- -5.78%
- 5Y*
- -13.13%
- 10Y*
- -5.69%
- ALL TIME*
- 1.19%
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. RYGBX - 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% |
RYGBX Rydex Government Long Bond 1.2x Strategy Fund | -5.29% | 2.19% | -12.81% | -1.05% | -40.90% | -7.28% | 21.93% | 17.50% | -5.20% | 9.93% |
Correlation
The correlation between RYHDX and RYGBX is 0.62, 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. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.06 |
Over the past year, RYHDX and RYGBX have become more correlated (0.62) than their long-term average of 0.06, meaning their price movements have been converging.
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Return for Risk
RYHDX vs. RYGBX — Risk / Return Rank
RYHDX
RYGBX
RYHDX vs. RYGBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex High Yield Strategy Fund (RYHDX) and Rydex Government Long Bond 1.2x Strategy Fund (RYGBX). 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 | RYGBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.97 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | -0.25 | +1.14 |
| Martin ratioReturn relative to average drawdown | 3.53 | -0.52 | +4.04 |
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Drawdowns
RYHDX vs. RYGBX - Drawdown Comparison
The maximum RYHDX drawdown since its inception was -23.28%, smaller than the maximum RYGBX drawdown of -62.42%. Use the drawdown chart below to compare losses from any high point for RYHDX and RYGBX.
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Drawdown Indicators
| RYHDX | RYGBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.28% | -62.42% | +39.14% |
Max Drawdown (1Y)Largest decline over 1 year | -4.25% | -9.88% | +5.63% |
Max Drawdown (3Y)Largest decline over 3 years | -5.01% | -19.21% | +14.20% |
Max Drawdown (5Y)Largest decline over 5 years | -19.09% | -55.36% | +36.27% |
Max Drawdown (10Y)Largest decline over 10 years | -19.75% | -62.42% | +42.67% |
Current DrawdownCurrent decline from peak | -1.22% | -60.60% | +59.38% |
Average DrawdownAverage peak-to-trough decline | -3.29% | -19.71% | +16.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 4.75% | -3.68% |
Volatility
RYHDX vs. RYGBX - Volatility Comparison
The current volatility for Rydex High Yield Strategy Fund (RYHDX) is 1.27%, while Rydex Government Long Bond 1.2x Strategy Fund (RYGBX) has a volatility of 2.93%. This indicates that RYHDX experiences smaller price fluctuations and is considered to be less risky than RYGBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYHDX | RYGBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 2.93% | -1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 7.92% | -3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.20% | 10.87% | -5.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.77% | 19.54% | -11.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.15% | 19.19% | -11.04% |
RYHDX vs. RYGBX - Expense Ratio Comparison
RYHDX has a 1.53% expense ratio, which is higher than RYGBX's 0.99% expense ratio.
Dividends
RYHDX vs. RYGBX - Dividend Comparison
RYHDX's dividend yield for the trailing twelve months is around 9.61%, more than RYGBX's 3.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYGBX Rydex Government Long Bond 1.2x Strategy Fund | 3.71% | 3.59% | 2.89% | 2.70% | 1.69% | 0.71% | 46.47% | 5.00% | 1.51% | 1.45% | 5.62% | 2.07% |
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 RYGBX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYGBX has higher volatility (2.93%) compared to RYHDX (1.27%). In terms of maximum drawdown, RYHDX dropped -23.28% vs RYGBX's -62.42%.
RYHDX currently has the higher Sharpe Ratio (0.73 vs -0.23), 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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