RYKIX vs. FAFDX

Last updated Apr 1, 2026

Compare and contrast key facts about Rydex Banking Fund (RYKIX) and Fidelity Advisor Financial Services Fund Class A (FAFDX).

RYKIX is managed by Rydex Funds. It was launched on Apr 1, 1998. FAFDX is managed by BlackRock. It was launched on Sep 3, 1996.

Performance

RYKIX vs. FAFDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Banking Fund (RYKIX) and Fidelity Advisor Financial Services Fund Class A (FAFDX). The values are adjusted to include any dividend payments, if applicable.

RYKIX vs. FAFDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYKIX Rydex Banking Fund	-7.38%	23.92%	23.33%	2.95%	-16.81%	33.70%	-7.85%	28.51%	-19.19%	12.47%
FAFDX Fidelity Advisor Financial Services Fund Class A	-9.46%	14.91%	39.01%	14.03%	-8.93%	32.90%	-0.25%	33.77%	-16.09%	20.17%

Returns By Period

In the year-to-date period, RYKIX achieves a -7.38% return, which is significantly higher than FAFDX's -9.46% return. Over the past 10 years, RYKIX has underperformed FAFDX with an annualized return of 9.11%, while FAFDX has yielded a comparatively higher 12.71% annualized return.

RYKIX

• 1D: 0.17%
• 1M: -6.69%
• YTD: -7.38%
• 6M: -0.78%
• 1Y: 18.13%
• 3Y*: 19.94%
• 5Y*: 5.67%
• 10Y*: 9.11%

FAFDX

• 1D: 0.98%
• 1M: -5.39%
• YTD: -9.46%
• 6M: -5.99%
• 1Y: 4.37%
• 3Y*: 20.58%
• 5Y*: 11.02%
• 10Y*: 12.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RYKIX vs. FAFDX - Expense Ratio Comparison

RYKIX has a 1.36% expense ratio, which is higher than FAFDX's 1.03% expense ratio.

RYKIX

Rydex Banking Fund

FAFDX

Fidelity Advisor Financial Services Fund Class A

Return for Risk

RYKIX vs. FAFDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RYKIX

RYKIX Risk / Return Rank: 36
RYKIX Sharpe Ratio Rank: 36
RYKIX Sortino Ratio Rank: 34
RYKIX Omega Ratio Rank: 37
RYKIX Calmar Ratio Rank: 42
RYKIX Martin Ratio Rank: 30

FAFDX

FAFDX Risk / Return Rank: 10
FAFDX Sharpe Ratio Rank: 10
FAFDX Sortino Ratio Rank: 10
FAFDX Omega Ratio Rank: 11
FAFDX Calmar Ratio Rank: 10
FAFDX Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RYKIX vs. FAFDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Banking Fund (RYKIX) and Fidelity Advisor Financial Services Fund Class A (FAFDX). 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.

	RYKIX	FAFDX	Difference
Sharpe ratio Return per unit of total volatility	0.81	0.25	+0.56
Sortino ratio Return per unit of downside risk	1.18	0.47	+0.71
Omega ratio Gain probability vs. loss probability	1.18	1.07	+0.11
Calmar ratio Return relative to maximum drawdown	1.09	0.22	+0.87
Martin ratio Return relative to average drawdown	3.26	0.68	+2.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYKIX vs. FAFDX - Sharpe Ratio Comparison

The current RYKIX Sharpe Ratio is 0.81, which is higher than the FAFDX Sharpe Ratio of 0.25. The chart below compares the historical Sharpe Ratios of RYKIX and FAFDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RYKIX	FAFDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	0.25	+0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.52	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.54	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.29	-0.23

Correlation

The correlation between RYKIX and FAFDX is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

RYKIX vs. FAFDX - Dividend Comparison

RYKIX's dividend yield for the trailing twelve months is around 3.59%, less than FAFDX's 7.66% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYKIX Rydex Banking Fund	3.59%	3.32%	3.29%	1.46%	3.11%	0.48%	2.90%	0.59%	2.32%	0.36%	0.41%	0.48%
FAFDX Fidelity Advisor Financial Services Fund Class A	7.66%	6.93%	9.59%	2.29%	5.93%	4.21%	2.47%	1.21%	4.00%	0.06%	0.21%	0.53%

Drawdowns

RYKIX vs. FAFDX - Drawdown Comparison

The maximum RYKIX drawdown since its inception was -80.14%, which is greater than FAFDX's maximum drawdown of -75.69%. Use the drawdown chart below to compare losses from any high point for RYKIX and FAFDX.

Drawdown Indicators

	RYKIX	FAFDX	Difference
Max Drawdown Largest peak-to-trough decline	-80.14%	-75.69%	-4.45%
Max Drawdown (1Y) Largest decline over 1 year	-15.25%	-14.39%	-0.86%
Max Drawdown (5Y) Largest decline over 5 years	-43.99%	-25.14%	-18.85%
Max Drawdown (10Y) Largest decline over 10 years	-51.08%	-45.99%	-5.09%
Current Drawdown Current decline from peak	-14.88%	-12.19%	-2.69%
Average Drawdown Average peak-to-trough decline	-27.60%	-17.73%	-9.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.11%	4.64%	+0.47%

Volatility

RYKIX vs. FAFDX - Volatility Comparison

Rydex Banking Fund (RYKIX) has a higher volatility of 5.13% compared to Fidelity Advisor Financial Services Fund Class A (FAFDX) at 4.51%. This indicates that RYKIX's price experiences larger fluctuations and is considered to be riskier than FAFDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYKIX	FAFDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.13%	4.51%	+0.62%
Volatility (6M) Calculated over the trailing 6-month period	14.65%	12.41%	+2.24%
Volatility (1Y) Calculated over the trailing 1-year period	23.75%	21.13%	+2.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.20%	21.12%	+4.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.05%	23.83%	+4.22%