RYILX vs. RYNVX
RYILX (Rydex Inverse High Yield Strategy Fund) and RYNVX (Rydex Nova Fund) are both mutual funds - RYILX is a Inverse Bonds fund managed by Rydex Funds, while RYNVX is a Leveraged Equities fund managed by Rydex Funds. Over the past 10 years, RYILX returned -2.97%/yr vs 19.30%/yr for RYNVX. At a correlation of -0.62, they often move in opposite directions. RYILX charges 1.55%/yr vs 1.23%/yr for RYNVX.
Performance
RYILX vs. RYNVX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RYILX achieves a 2.00% return, which is significantly lower than RYNVX's 12.57% return. Over the past 10 years, RYILX has underperformed RYNVX with an annualized return of -2.97%, while RYNVX has yielded a comparatively higher 19.30% annualized 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%
RYNVX
- 1D
- -0.56%
- 1M
- -0.33%
- YTD
- 12.57%
- 6M
- 10.96%
- 1Y
- 34.48%
- 3Y*
- 27.32%
- 5Y*
- 15.43%
- 10Y*
- 19.30%
RYILX vs. RYNVX - 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% |
RYNVX Rydex Nova Fund | 12.57% | 21.42% | 33.14% | 35.31% | -29.96% | 42.56% | 19.64% | 45.58% | -10.24% | 31.17% |
Correlation
The correlation between RYILX and RYNVX is -0.69, 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 | -0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.66 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2007 | -0.62 |
The correlation between RYILX and RYNVX has been stable across timeframes, ranging from -0.69 to -0.62 - 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. RYNVX — Risk / Return Rank
RYILX
RYNVX
RYILX vs. RYNVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse High Yield Strategy Fund (RYILX) and Rydex Nova Fund (RYNVX). 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 | RYNVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -2.83 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.34 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 2.64 | -2.91 |
| Martin ratioReturn relative to average drawdown | -0.49 | 11.49 | -11.98 |
Loading charts...
Drawdowns
RYILX vs. RYNVX - Drawdown Comparison
The maximum RYILX drawdown since its inception was -77.21%, roughly equal to the maximum RYNVX drawdown of -76.54%. Use the drawdown chart below to compare losses from any high point for RYILX and RYNVX.
Loading charts...
Drawdown Indicators
| RYILX | RYNVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.21% | -76.54% | -0.67% |
Max Drawdown (1Y)Largest decline over 1 year | -4.01% | -13.84% | +9.83% |
Max Drawdown (3Y)Largest decline over 3 years | -12.72% | -27.49% | +14.77% |
Max Drawdown (5Y)Largest decline over 5 years | -15.44% | -40.92% | +25.48% |
Max Drawdown (10Y)Largest decline over 10 years | -27.90% | -48.58% | +20.68% |
Current DrawdownCurrent decline from peak | -76.68% | -2.95% | -73.73% |
Average DrawdownAverage peak-to-trough decline | -58.14% | -19.60% | -38.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 3.18% | -0.73% |
Volatility
RYILX vs. RYNVX - Volatility Comparison
The current volatility for Rydex Inverse High Yield Strategy Fund (RYILX) is 1.77%, while Rydex Nova Fund (RYNVX) has a volatility of 7.09%. This indicates that RYILX experiences smaller price fluctuations and is considered to be less risky than RYNVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RYILX | RYNVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 7.09% | -5.32% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 14.80% | -10.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.05% | 18.77% | -13.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.56% | 26.09% | -18.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.16% | 27.46% | -19.30% |
RYILX vs. RYNVX - Expense Ratio Comparison
RYILX has a 1.55% expense ratio, which is higher than RYNVX's 1.23% expense ratio.
Dividends
RYILX vs. RYNVX - Dividend Comparison
RYILX has not paid dividends to shareholders, while RYNVX's dividend yield for the trailing twelve months is around 0.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
RYNVX Rydex Nova Fund | 0.67% | 0.76% | 0.66% | 0.59% | 22.11% | 9.07% | 0.53% | 0.00% | 0.00% | 1.97% | 1.22% | 0.13% |
Frequently Asked Questions
RYILX and RYNVX have a correlation of -0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYNVX has higher volatility (7.09%) compared to RYILX (1.77%). In terms of maximum drawdown, RYILX dropped -77.21% vs RYNVX's -76.54%.
RYNVX currently has the higher Sharpe Ratio (1.95 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.
Find the right allocation for RYILX and RYNVX
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