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 -0.06%/yr vs 1.83%/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
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Returns By Period
In the year-to-date period, RYILX achieves a 2.00% return, which is significantly higher than DXHYX's 0.54% return.
RYILX
- 1D
- 0.32%
- 1M
- -0.08%
- YTD
- 2.00%
- 6M
- 1.91%
- 1Y
- -0.61%
- 3Y*
- -2.14%
- 5Y*
- -0.06%
- 10Y*
- -2.97%
DXHYX
- 1D
- -0.17%
- 1M
- 0.45%
- YTD
- 0.54%
- 6M
- 0.65%
- 1Y
- 4.58%
- 3Y*
- 7.15%
- 5Y*
- 1.83%
- 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 | 2.00% | -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 | 0.54% | 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 -0.88, 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 | -0.88 |
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 -0.88 to -0.83 - a consistent structural relationship.
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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 | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.20 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 1.60 | -1.87 |
| Martin ratioReturn relative to average drawdown | -0.49 | 6.56 | -7.05 |
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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.
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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 | -27.90% | — | — |
Current DrawdownCurrent decline from peak | -76.68% | -0.28% | -76.40% |
Average DrawdownAverage peak-to-trough decline | -58.14% | -3.68% | -54.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 0.74% | +1.71% |
Volatility
RYILX vs. DXHYX - Volatility Comparison
Rydex Inverse High Yield Strategy Fund (RYILX) has a higher volatility of 1.77% compared to Direxion Monthly High Yield Bull 1.2X Fund (DXHYX) at 1.20%. 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.
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Volatility by Period
| RYILX | DXHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.20% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 3.52% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.05% | 4.46% | +0.59% |
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 | 8.16% | 9.32% | -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 -0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYILX has higher volatility (1.77%) compared to DXHYX (1.20%). In terms of maximum drawdown, RYILX dropped -77.21% vs DXHYX's -26.40%.
DXHYX currently has the higher Sharpe Ratio (1.09 vs -0.21), 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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