RYHIX vs. RYRRX

Last updated Jul 11, 2026

RYHIX (Rydex Health Care Fund) and RYRRX (Rydex Russell 2000 Fund) are both mutual funds - RYHIX is a Health & Biotech Equities fund managed by Rydex Funds, while RYRRX is a Small Cap Blend Equities fund managed by Rydex Funds. Over the past 10 years, RYHIX returned 9.16%/yr vs 9.34%/yr for RYRRX. A 0.74 correlation means they provide meaningful diversification when combined. RYHIX charges 1.35%/yr vs 1.60%/yr for RYRRX.

Performance

RYHIX vs. RYRRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Health Care Fund (RYHIX) and Rydex Russell 2000 Fund (RYRRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYHIX achieves a 8.61% return, which is significantly lower than RYRRX's 20.26% return. Both investments have delivered pretty close results over the past 10 years, with RYHIX having a 9.16% annualized return and RYRRX not far ahead at 9.34%.

RYHIX

• 1D: 0.24%
• 1M: 8.29%
• 6M: 5.78%
• YTD: 8.61%
• 1Y: 24.07%
• 3Y*: 9.49%
• 5Y*: 4.21%
• 10Y*: 9.16%

RYRRX

• 1D: 1.24%
• 1M: 1.60%
• 6M: 13.80%
• YTD: 20.26%
• 1Y: 33.29%
• 3Y*: 16.11%
• 5Y*: 5.37%
• 10Y*: 9.34%

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

RYHIX vs. RYRRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYHIX Rydex Health Care Fund	8.61%	14.42%	0.61%	5.84%	-11.59%	19.27%	18.84%	22.77%	1.56%	23.48%
RYRRX Rydex Russell 2000 Fund	20.26%	10.88%	9.72%	15.17%	-21.70%	13.23%	17.81%	23.57%	-12.58%	12.88%

Correlation

The correlation between RYHIX and RYRRX 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	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007	0.74

Over the past year, the correlation between RYHIX and RYRRX has dropped to 0.53 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

Return for Risk

RYHIX vs. RYRRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RYHIX

RYHIX Risk / Return Rank: 43
RYHIX Sharpe Ratio Rank: 45
RYHIX Sortino Ratio Rank: 51
RYHIX Omega Ratio Rank: 43
RYHIX Calmar Ratio Rank: 45
RYHIX Martin Ratio Rank: 32

RYRRX

RYRRX Risk / Return Rank: 60
RYRRX Sharpe Ratio Rank: 55
RYRRX Sortino Ratio Rank: 56
RYRRX Omega Ratio Rank: 46
RYRRX Calmar Ratio Rank: 78
RYRRX Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RYHIX vs. RYRRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Health Care Fund (RYHIX) and Rydex Russell 2000 Fund (RYRRX). 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	RYRRX	Difference
Sharpe ratio: Return per unit of total volatility	1.51	1.66	-0.15
Sortino ratio: Return per unit of downside risk	2.29	2.36	-0.08
Omega ratio: Gain probability vs. loss probability	1.27	1.28	-0.01
Calmar ratio: Return relative to maximum drawdown	2.06	2.83	-0.77
Martin ratio: Return relative to average drawdown	5.57	9.96	-4.38

RYHIX vs. RYRRX - Sharpe Ratio Comparison

The current RYHIX Sharpe Ratio is 1.51, which is comparable to the RYRRX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of RYHIX and RYRRX, 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

RYHIX vs. RYRRX - Drawdown Comparison

The maximum RYHIX drawdown since its inception was -41.27%, smaller than the maximum RYRRX drawdown of -60.36%. Use the drawdown chart below to compare losses from any high point for RYHIX and RYRRX.

Drawdown Indicators

	RYHIX	RYRRX	Difference
Max Drawdown Largest peak-to-trough decline	-41.27%	-60.36%	+19.09%
Max Drawdown (1Y) Largest decline over 1 year	-11.31%	-11.43%	+0.12%
Max Drawdown (3Y) Largest decline over 3 years	-17.46%	-28.03%	+10.57%
Max Drawdown (5Y) Largest decline over 5 years	-22.83%	-33.02%	+10.19%
Max Drawdown (10Y) Largest decline over 10 years	-29.03%	-42.84%	+13.81%
Current Drawdown Current decline from peak	-1.14%	-1.08%	-0.06%
Average Drawdown Average peak-to-trough decline	-8.64%	-12.17%	+3.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.18%	3.24%	+0.94%

Volatility

RYHIX vs. RYRRX - Volatility Comparison

Rydex Health Care Fund (RYHIX) has a higher volatility of 5.20% compared to Rydex Russell 2000 Fund (RYRRX) at 4.81%. This indicates that RYHIX's price experiences larger fluctuations and is considered to be riskier than RYRRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYHIX	RYRRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.20%	4.81%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	11.46%	14.19%	-2.73%
Volatility (1Y) Calculated over the trailing 1-year period	15.52%	19.52%	-4.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.98%	22.62%	-6.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.62%	23.41%	-5.79%

RYHIX vs. RYRRX - Expense Ratio Comparison

RYHIX has a 1.35% expense ratio, which is lower than RYRRX's 1.60% expense ratio.

Dividends

RYHIX vs. RYRRX - Dividend Comparison

RYHIX's dividend yield for the trailing twelve months is around 2.00%, more than RYRRX's 0.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYHIX Rydex Health Care Fund	2.00%	2.18%	0.00%	0.00%	1.64%	3.19%	8.81%	0.00%	1.76%	9.17%	13.88%	6.39%
RYRRX Rydex Russell 2000 Fund	0.54%	0.65%	1.02%	0.19%	0.00%	12.84%	0.00%	1.46%	0.00%	4.82%	0.00%	2.66%

Frequently Asked Questions

Can I hold both RYHIX and RYRRX in my portfolio?

RYHIX and RYRRX 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.

Which is riskier, RYHIX or RYRRX?

RYHIX has higher volatility (5.20%) compared to RYRRX (4.81%). In terms of maximum drawdown, RYHIX dropped -41.27% vs RYRRX's -60.36%.

Which has better risk-adjusted returns?

RYRRX currently has the higher Sharpe Ratio (1.66 vs 1.51), 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.