RYJSX vs. RYAIX
RYJSX (Rydex Japan 2x Strategy Fund) and RYAIX (Rydex Inverse NASDAQ-100 Strategy Fund) are both mutual funds - RYJSX is a Leveraged Equities fund managed by Rydex Funds, while RYAIX is a Inverse Equities fund managed by Rydex Funds. Over the past 10 years, RYJSX returned 16.22%/yr vs -19.36%/yr for RYAIX. At a correlation of -0.64, they often move in opposite directions. RYJSX charges 1.49%/yr vs 1.55%/yr for RYAIX.
Performance
RYJSX vs. RYAIX - Performance Comparison
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Returns By Period
In the year-to-date period, RYJSX achieves a 62.48% return, which is significantly higher than RYAIX's -14.19% return. Over the past 10 years, RYJSX has outperformed RYAIX with an annualized return of 16.22%, while RYAIX has yielded a comparatively lower -19.36% annualized return.
RYJSX
- 1D
- -10.80%
- 1M
- 13.23%
- YTD
- 62.48%
- 6M
- 60.81%
- 1Y
- 122.86%
- 3Y*
- 37.14%
- 5Y*
- 11.66%
- 10Y*
- 16.22%
RYAIX
- 1D
- 3.33%
- 1M
- 0.11%
- YTD
- -14.19%
- 6M
- -12.72%
- 1Y
- -22.71%
- 3Y*
- -17.65%
- 5Y*
- -13.34%
- 10Y*
- -19.36%
RYJSX vs. RYAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYJSX Rydex Japan 2x Strategy Fund | 62.48% | 50.73% | 1.56% | 34.36% | -42.66% | -14.17% | 40.76% | 38.61% | -21.92% | 50.94% |
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | -14.19% | -15.63% | -15.64% | -31.71% | 35.92% | -24.88% | -40.98% | -27.65% | -2.63% | -24.47% |
Correlation
The correlation between RYJSX and RYAIX is -0.73, 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 | -0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.65 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | -0.64 |
The correlation between RYJSX and RYAIX has been stable across timeframes, ranging from -0.73 to -0.64 - a consistent structural relationship.
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Return for Risk
RYJSX vs. RYAIX — Risk / Return Rank
RYJSX
RYAIX
RYJSX vs. RYAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Japan 2x Strategy Fund (RYJSX) 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.
| RYJSX | RYAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.70 | ||
| Sortino ratioReturn per unit of downside risk | +4.79 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.79 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 4.20 | -0.93 | +5.13 |
| Martin ratioReturn relative to average drawdown | 12.96 | -2.01 | +14.97 |
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Drawdowns
RYJSX vs. RYAIX - Drawdown Comparison
The maximum RYJSX drawdown since its inception was -63.60%, smaller than the maximum RYAIX drawdown of -98.93%. Use the drawdown chart below to compare losses from any high point for RYJSX and RYAIX.
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Drawdown Indicators
| RYJSX | RYAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.60% | -98.93% | +35.33% |
Max Drawdown (1Y)Largest decline over 1 year | -30.86% | -25.53% | -5.33% |
Max Drawdown (3Y)Largest decline over 3 years | -40.80% | -50.13% | +9.33% |
Max Drawdown (5Y)Largest decline over 5 years | -61.07% | -61.15% | +0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -63.60% | -89.04% | +25.44% |
Current DrawdownCurrent decline from peak | -10.80% | -98.89% | +88.09% |
Average DrawdownAverage peak-to-trough decline | -20.83% | -73.33% | +52.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.98% | 12.98% | -3.00% |
Volatility
RYJSX vs. RYAIX - Volatility Comparison
Rydex Japan 2x Strategy Fund (RYJSX) has a higher volatility of 24.56% compared to Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) at 8.98%. This indicates that RYJSX's price experiences larger fluctuations and is considered to be riskier 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
| RYJSX | RYAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.56% | 8.98% | +15.58% |
Volatility (6M)Calculated over the trailing 6-month period | 45.02% | 14.65% | +30.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.54% | 18.11% | +36.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.73% | 23.14% | +18.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.16% | 22.78% | +15.38% |
RYJSX vs. RYAIX - Expense Ratio Comparison
RYJSX has a 1.49% expense ratio, which is lower than RYAIX's 1.55% expense ratio.
Dividends
RYJSX vs. RYAIX - Dividend Comparison
RYJSX's dividend yield for the trailing twelve months is around 0.68%, less than RYAIX's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | 2.60% | 2.23% | 5.67% | 4.81% | 0.00% | 0.00% | 0.09% | 0.72% | 0.00% | 0.00% |
RYJSX Rydex Japan 2x Strategy Fund | 0.68% | 1.11% | 4.50% | 5.86% | 0.00% | 0.00% | 0.52% | 0.85% | 0.48% | 3.24% |
Frequently Asked Questions
RYJSX and RYAIX have a correlation of -0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYJSX has higher volatility (24.56%) compared to RYAIX (8.98%). In terms of maximum drawdown, RYJSX dropped -63.60% vs RYAIX's -98.93%.
RYJSX currently has the higher Sharpe Ratio (2.38 vs -1.32), 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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