RYHIX vs. MDT
RYHIX (Rydex Health Care Fund) is Health & Biotech Equities fund managed by Rydex Funds, while MDT (Medtronic plc) is a stock. Over the past 10 years, RYHIX returned 8.85%/yr vs 2.33%/yr for MDT. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
RYHIX vs. MDT - Performance Comparison
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Returns By Period
In the year-to-date period, RYHIX achieves a -0.37% return, which is significantly higher than MDT's -15.38% return. Over the past 10 years, RYHIX has outperformed MDT with an annualized return of 8.85%, while MDT has yielded a comparatively lower 2.33% annualized return.
RYHIX
- 1D
- 0.48%
- 1M
- 1.98%
- YTD
- -0.37%
- 6M
- -1.40%
- 1Y
- 16.10%
- 3Y*
- 6.13%
- 5Y*
- 2.93%
- 10Y*
- 8.85%
MDT
- 1D
- 1.72%
- 1M
- 2.58%
- YTD
- -15.38%
- 6M
- -15.99%
- 1Y
- -3.22%
- 3Y*
- 0.27%
- 5Y*
- -5.66%
- 10Y*
- 2.33%
RYHIX vs. MDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYHIX Rydex Health Care Fund | -0.37% | 14.42% | 0.61% | 5.84% | -11.59% | 19.27% | 18.84% | 22.77% | 1.56% | 23.48% |
MDT Medtronic plc | -15.38% | 24.05% | 0.28% | 9.58% | -22.55% | -9.79% | 5.70% | 27.34% | 15.18% | 15.90% |
Correlation
The correlation between RYHIX and MDT is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1999 | 0.60 |
The correlation between RYHIX and MDT has been stable across timeframes, ranging from 0.53 to 0.62 - a consistent structural relationship.
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Return for Risk
RYHIX vs. MDT — Risk / Return Rank
RYHIX
MDT
RYHIX vs. MDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Health Care Fund (RYHIX) and Medtronic plc (MDT). 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.
| RYHIX | MDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.99 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | -0.11 | +1.53 |
| Martin ratioReturn relative to average drawdown | 3.82 | -0.27 | +4.09 |
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Drawdowns
RYHIX vs. MDT - Drawdown Comparison
The maximum RYHIX drawdown since its inception was -41.27%, smaller than the maximum MDT drawdown of -57.63%. Use the drawdown chart below to compare losses from any high point for RYHIX and MDT.
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Drawdown Indicators
| RYHIX | MDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.27% | -57.63% | +16.36% |
Max Drawdown (1Y)Largest decline over 1 year | -11.31% | -28.90% | +17.59% |
Max Drawdown (3Y)Largest decline over 3 years | -17.46% | -28.90% | +11.44% |
Max Drawdown (5Y)Largest decline over 5 years | -22.83% | -45.10% | +22.27% |
Max Drawdown (10Y)Largest decline over 10 years | -29.03% | -45.10% | +16.07% |
Current DrawdownCurrent decline from peak | -4.13% | -30.86% | +26.73% |
Average DrawdownAverage peak-to-trough decline | -8.65% | -16.55% | +7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 12.04% | -7.87% |
Volatility
RYHIX vs. MDT - Volatility Comparison
The current volatility for Rydex Health Care Fund (RYHIX) is 4.92%, while Medtronic plc (MDT) has a volatility of 10.18%. This indicates that RYHIX experiences smaller price fluctuations and is considered to be less risky than MDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYHIX | MDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 10.18% | -5.26% |
Volatility (6M)Calculated over the trailing 6-month period | 10.83% | 16.88% | -6.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.03% | 21.42% | -6.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.85% | 22.01% | -6.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.65% | 23.28% | -5.63% |
Dividends
RYHIX vs. MDT - Dividend Comparison
RYHIX's dividend yield for the trailing twelve months is around 2.18%, less than MDT's 3.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDT Medtronic plc | 3.52% | 2.95% | 3.49% | 3.34% | 3.44% | 2.39% | 1.95% | 1.87% | 2.15% | 2.24% | 2.34% | 1.88% |
RYHIX Rydex Health Care Fund | 2.18% | 2.18% | 0.00% | 0.00% | 1.64% | 3.19% | 8.81% | 0.00% | 1.76% | 9.17% | 13.88% | 6.39% |
Frequently Asked Questions
RYHIX and MDT have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDT has higher volatility (10.18%) compared to RYHIX (4.92%). In terms of maximum drawdown, RYHIX dropped -41.27% vs MDT's -57.63%.
RYHIX currently has the higher Sharpe Ratio (1.07 vs -0.15), 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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