RYJUX vs. DXHYX
RYJUX (Rydex Inverse Government Long Bond Strategy Fund) and DXHYX (Direxion Monthly High Yield Bull 1.2X Fund) are both mutual funds - RYJUX is a Inverse Bonds fund managed by Rydex Funds, while DXHYX is a Leveraged Bonds fund managed by Direxion. Over the past 5 years, RYJUX returned 11.67%/yr vs 1.83%/yr for DXHYX. At a correlation of -0.12, they often move in opposite directions. RYJUX charges 4.28%/yr vs 1.35%/yr for DXHYX.
Performance
RYJUX vs. DXHYX - Performance Comparison
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Returns By Period
In the year-to-date period, RYJUX achieves a 1.96% return, which is significantly higher than DXHYX's 0.54% return.
RYJUX
- 1D
- 0.75%
- 1M
- -1.70%
- YTD
- 1.96%
- 6M
- 2.08%
- 1Y
- 2.08%
- 3Y*
- 9.20%
- 5Y*
- 11.67%
- 10Y*
- 3.34%
DXHYX
- 1D
- -0.17%
- 1M
- 0.45%
- YTD
- 0.54%
- 6M
- 0.65%
- 1Y
- 4.58%
- 3Y*
- 7.15%
- 5Y*
- 1.83%
- 10Y*
- —
RYJUX vs. DXHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYJUX Rydex Inverse Government Long Bond Strategy Fund | 1.96% | 2.24% | 18.01% | 4.58% | 45.99% | 1.31% | -21.12% | -12.94% | 4.03% | -8.97% |
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 RYJUX and DXHYX is -0.46, 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 | -0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | -0.12 |
Over the past year, the inverse relationship between RYJUX and DXHYX has strengthened: their correlation has moved from -0.12 to -0.46, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
RYJUX vs. DXHYX — Risk / Return Rank
RYJUX
DXHYX
RYJUX vs. DXHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse Government Long Bond Strategy Fund (RYJUX) 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.
| RYJUX | DXHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.20 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 1.60 | -1.33 |
| Martin ratioReturn relative to average drawdown | 0.61 | 6.56 | -5.95 |
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Drawdowns
RYJUX vs. DXHYX - Drawdown Comparison
The maximum RYJUX drawdown since its inception was -85.46%, which is greater than DXHYX's maximum drawdown of -26.40%. Use the drawdown chart below to compare losses from any high point for RYJUX and DXHYX.
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Drawdown Indicators
| RYJUX | DXHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.46% | -26.40% | -59.06% |
Max Drawdown (1Y)Largest decline over 1 year | -6.75% | -3.03% | -3.72% |
Max Drawdown (3Y)Largest decline over 3 years | -16.72% | -6.42% | -10.30% |
Max Drawdown (5Y)Largest decline over 5 years | -16.72% | -18.67% | +1.95% |
Max Drawdown (10Y)Largest decline over 10 years | -42.57% | — | — |
Current DrawdownCurrent decline from peak | -69.61% | -0.28% | -69.33% |
Average DrawdownAverage peak-to-trough decline | -50.87% | -3.68% | -47.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 0.74% | +2.21% |
Volatility
RYJUX vs. DXHYX - Volatility Comparison
Rydex Inverse Government Long Bond Strategy Fund (RYJUX) has a higher volatility of 2.17% compared to Direxion Monthly High Yield Bull 1.2X Fund (DXHYX) at 1.20%. This indicates that RYJUX'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
| RYJUX | DXHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.17% | 1.20% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 6.31% | 3.52% | +2.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.19% | 4.46% | +4.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.21% | 8.48% | +7.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.97% | 9.32% | +6.65% |
RYJUX vs. DXHYX - Expense Ratio Comparison
RYJUX has a 4.28% expense ratio, which is higher than DXHYX's 1.35% expense ratio.
Dividends
RYJUX vs. DXHYX - Dividend Comparison
RYJUX's dividend yield for the trailing twelve months is around 4.35%, more than DXHYX's 3.64% yield.
| 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% |
RYJUX Rydex Inverse Government Long Bond Strategy Fund | 4.35% | 4.44% | 7.75% | 1.26% | 0.00% | 0.00% | 0.37% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RYJUX and DXHYX have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYJUX has higher volatility (2.17%) compared to DXHYX (1.20%). In terms of maximum drawdown, RYJUX dropped -85.46% vs DXHYX's -26.40%.
DXHYX currently has the higher Sharpe Ratio (1.09 vs 0.20), 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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