RYILX vs. RYAIX
RYILX (Rydex Inverse High Yield Strategy Fund) and RYAIX (Rydex Inverse NASDAQ-100 Strategy Fund) are both mutual funds - RYILX is a Inverse Bonds fund managed by Rydex Funds, while RYAIX is a Inverse Equities fund managed by Rydex Funds. Over the past 10 years, RYILX returned -2.69%/yr vs -18.82%/yr for RYAIX. A 0.55 correlation means they provide meaningful diversification when combined. Both charge a 1.55% expense ratio.
Performance
RYILX vs. RYAIX - Performance Comparison
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Returns By Period
In the year-to-date period, RYILX achieves a 1.83% return, which is significantly higher than RYAIX's -14.53% return. Over the past 10 years, RYILX has outperformed RYAIX with an annualized return of -2.69%, while RYAIX has yielded a comparatively lower -18.82% annualized return.
RYILX
- 1D
- -0.27%
- 1M
- 0.51%
- 6M
- 1.80%
- YTD
- 1.83%
- 1Y
- -0.23%
- 3Y*
- -1.84%
- 5Y*
- -0.04%
- 10Y*
- -2.69%
RYAIX
- 1D
- 0.30%
- 1M
- 1.66%
- 6M
- -13.69%
- YTD
- -14.53%
- 1Y
- -20.79%
- 3Y*
- -16.65%
- 5Y*
- -13.01%
- 10Y*
- -18.82%
RYILX vs. RYAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYILX Rydex Inverse High Yield Strategy Fund | 1.83% | -4.36% | 0.83% | -5.00% | 8.71% | -3.58% | -5.89% | -11.11% | 1.00% | -5.87% |
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | -14.53% | -15.63% | -15.64% | -31.71% | 35.92% | -24.88% | -40.98% | -27.65% | -2.63% | -24.47% |
Correlation
The correlation between RYILX and RYAIX is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2007 | 0.55 |
The correlation between RYILX and RYAIX has been stable across timeframes, ranging from 0.54 to 0.61 - a consistent structural relationship.
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Return for Risk
RYILX vs. RYAIX — Risk / Return Rank
RYILX
RYAIX
RYILX vs. RYAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse High Yield Strategy Fund (RYILX) and Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX). 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 | RYAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.52 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.82 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | -0.82 | +0.70 |
| Martin ratioReturn relative to average drawdown | -0.25 | -1.69 | +1.44 |
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Drawdowns
RYILX vs. RYAIX - Drawdown Comparison
The maximum RYILX drawdown since its inception was -77.21%, smaller than the maximum RYAIX drawdown of -98.93%. Use the drawdown chart below to compare losses from any high point for RYILX and RYAIX.
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Drawdown Indicators
| RYILX | RYAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.21% | -98.93% | +21.72% |
Max Drawdown (1Y)Largest decline over 1 year | -4.01% | -25.47% | +21.46% |
Max Drawdown (3Y)Largest decline over 3 years | -12.72% | -50.13% | +37.41% |
Max Drawdown (5Y)Largest decline over 5 years | -15.44% | -61.15% | +45.71% |
Max Drawdown (10Y)Largest decline over 10 years | -26.23% | -87.96% | +61.73% |
Current DrawdownCurrent decline from peak | -76.72% | -98.89% | +22.17% |
Average DrawdownAverage peak-to-trough decline | -58.20% | -73.39% | +15.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 12.37% | -10.29% |
Volatility
RYILX vs. RYAIX - Volatility Comparison
The current volatility for Rydex Inverse High Yield Strategy Fund (RYILX) is 1.58%, while Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) has a volatility of 7.84%. This indicates that RYILX experiences smaller price fluctuations and is considered to be less risky than RYAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYILX | RYAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 7.84% | -6.26% |
Volatility (6M)Calculated over the trailing 6-month period | 4.31% | 15.39% | -11.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.98% | 18.66% | -13.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 23.24% | -15.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.14% | 22.80% | -14.66% |
RYILX vs. RYAIX - Expense Ratio Comparison
Both RYILX and RYAIX have an expense ratio of 1.55%.
Dividends
RYILX vs. RYAIX - Dividend Comparison
RYILX has not paid dividends to shareholders, while RYAIX's dividend yield for the trailing twelve months is around 2.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | 2.61% | 2.23% | 5.67% | 4.81% | 0.00% | 0.00% | 0.09% | 0.72% |
RYILX Rydex Inverse High Yield Strategy Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.45% | 7.79% | 0.00% |
Frequently Asked Questions
RYILX and RYAIX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYAIX has higher volatility (7.84%) compared to RYILX (1.58%). In terms of maximum drawdown, RYILX dropped -77.21% vs RYAIX's -98.93%.
RYILX currently has the higher Sharpe Ratio (-0.10 vs -1.12), 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.
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