RYILX vs. DXHYX
RYILX (Rydex Inverse High Yield Strategy Fund) and DXHYX (Direxion Monthly High Yield Bull 1.2X Fund) are both mutual funds - RYILX is a Inverse Bonds fund managed by Rydex Funds, while DXHYX is a Leveraged Bonds fund managed by Direxion. Over the past 5 years, RYILX returned 0.07%/yr vs 1.70%/yr for DXHYX. At a correlation of -0.83, they often move in opposite directions. RYILX charges 1.55%/yr vs 1.35%/yr for DXHYX.
Performance
RYILX vs. DXHYX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RYILX achieves a 2.02% return, which is significantly higher than DXHYX's 0.59% return.
RYILX
- 1D
- 0.15%
- 1M
- 0.49%
- 6M
- 1.98%
- YTD
- 2.02%
- 1Y
- 0.15%
- 3Y*
- -2.02%
- 5Y*
- 0.07%
- 10Y*
- -2.64%
DXHYX
- 1D
- -0.11%
- 1M
- -0.06%
- 6M
- 0.09%
- YTD
- 0.59%
- 1Y
- 4.16%
- 3Y*
- 6.75%
- 5Y*
- 1.70%
- 10Y*
- —
RYILX vs. DXHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYILX Rydex Inverse High Yield Strategy Fund | 2.02% | -4.36% | 0.83% | -5.00% | 8.71% | -3.58% | -5.89% | -11.11% | 1.00% | -5.87% |
DXHYX Direxion Monthly High Yield Bull 1.2X Fund | 0.59% | 6.56% | 6.47% | 10.88% | -13.99% | 3.00% | 2.26% | 12.61% | -3.82% | 5.22% |
Correlation
The correlation between RYILX and DXHYX is -0.86, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | -0.83 |
The correlation between RYILX and DXHYX has been stable across timeframes, ranging from -0.87 to -0.83 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RYILX vs. DXHYX — Risk / Return Rank
RYILX
DXHYX
RYILX vs. DXHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse High Yield Strategy Fund (RYILX) and Direxion Monthly High Yield Bull 1.2X Fund (DXHYX). 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.
| RYILX | DXHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.16 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 1.28 | -1.14 |
| Martin ratioReturn relative to average drawdown | 0.28 | 5.28 | -5.00 |
Loading charts...
Drawdowns
RYILX vs. DXHYX - Drawdown Comparison
The maximum RYILX drawdown since its inception was -77.21%, which is greater than DXHYX's maximum drawdown of -26.40%. Use the drawdown chart below to compare losses from any high point for RYILX and DXHYX.
Loading charts...
Drawdown Indicators
| RYILX | DXHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.21% | -26.40% | -50.81% |
Max Drawdown (1Y)Largest decline over 1 year | -4.01% | -3.03% | -0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -12.72% | -6.42% | -6.30% |
Max Drawdown (5Y)Largest decline over 5 years | -15.44% | -18.67% | +3.23% |
Max Drawdown (10Y)Largest decline over 10 years | -26.23% | — | — |
Current DrawdownCurrent decline from peak | -76.67% | -0.28% | -76.39% |
Average DrawdownAverage peak-to-trough decline | -58.19% | -3.66% | -54.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 0.73% | +1.33% |
Volatility
RYILX vs. DXHYX - Volatility Comparison
Rydex Inverse High Yield Strategy Fund (RYILX) has a higher volatility of 1.70% compared to Direxion Monthly High Yield Bull 1.2X Fund (DXHYX) at 0.98%. This indicates that RYILX's price experiences larger fluctuations and is considered to be riskier than DXHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RYILX | DXHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 0.98% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 4.26% | 3.50% | +0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.97% | 4.37% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.56% | 8.48% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.14% | 9.30% | -1.16% |
RYILX vs. DXHYX - Expense Ratio Comparison
RYILX has a 1.55% expense ratio, which is higher than DXHYX's 1.35% expense ratio.
Dividends
RYILX vs. DXHYX - Dividend Comparison
RYILX has not paid dividends to shareholders, while DXHYX's dividend yield for the trailing twelve months is around 3.64%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DXHYX Direxion Monthly High Yield Bull 1.2X Fund | 3.64% | 4.32% | 4.75% | 6.08% | 12.11% | 2.06% | 6.32% | 9.95% | 4.99% | 3.57% |
RYILX Rydex Inverse High Yield Strategy Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.45% | 7.79% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RYILX and DXHYX have a correlation of -0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYILX has higher volatility (1.70%) compared to DXHYX (0.98%). In terms of maximum drawdown, RYILX dropped -77.21% vs DXHYX's -26.40%.
DXHYX currently has the higher Sharpe Ratio (0.89 vs 0.12), 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.
Find the right allocation for RYILX and DXHYX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer