RYKIX vs. HSFNX
RYKIX (Rydex Banking Fund) and HSFNX (Hennessy Small Cap Financial Fund) are both Financials Equities funds. Over the past 10 years, RYKIX returned 10.47%/yr vs 9.87%/yr for HSFNX. Their correlation of 0.85 suggests significant overlap in exposure. RYKIX charges 1.36%/yr vs 1.58%/yr for HSFNX.
Performance
RYKIX vs. HSFNX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RYKIX achieves a 8.00% return, which is significantly lower than HSFNX's 10.50% return. Over the past 10 years, RYKIX has outperformed HSFNX with an annualized return of 10.47%, while HSFNX has yielded a comparatively lower 9.87% annualized return.
RYKIX
- 1D
- -0.13%
- 1M
- 5.38%
- YTD
- 8.00%
- 6M
- 5.90%
- 1Y
- 31.28%
- 3Y*
- 25.71%
- 5Y*
- 9.24%
- 10Y*
- 10.47%
HSFNX
- 1D
- 0.87%
- 1M
- 3.70%
- YTD
- 10.50%
- 6M
- 6.36%
- 1Y
- 36.20%
- 3Y*
- 20.18%
- 5Y*
- 7.22%
- 10Y*
- 9.87%
RYKIX vs. HSFNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYKIX Rydex Banking Fund | 8.00% | 23.92% | 23.33% | 2.95% | -16.81% | 33.70% | -7.85% | 28.51% | -19.19% | 12.47% |
HSFNX Hennessy Small Cap Financial Fund | 10.50% | 12.79% | 10.76% | 4.64% | -11.14% | 42.76% | 2.56% | 19.91% | -15.88% | -0.20% |
Correlation
The correlation between RYKIX and HSFNX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1999 | 0.85 |
The correlation between RYKIX and HSFNX has been stable across timeframes, ranging from 0.85 to 0.93 - 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
RYKIX vs. HSFNX — Risk / Return Rank
RYKIX
HSFNX
RYKIX vs. HSFNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Banking Fund (RYKIX) and Hennessy Small Cap Financial Fund (HSFNX). 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.
| RYKIX | HSFNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.74 | -0.64 |
| Martin ratioReturn relative to average drawdown | 6.07 | 7.17 | -1.11 |
Loading charts...
Drawdowns
RYKIX vs. HSFNX - Drawdown Comparison
The maximum RYKIX drawdown since its inception was -80.14%, which is greater than HSFNX's maximum drawdown of -70.18%. Use the drawdown chart below to compare losses from any high point for RYKIX and HSFNX.
Loading charts...
Drawdown Indicators
| RYKIX | HSFNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.14% | -70.18% | -9.96% |
Max Drawdown (1Y)Largest decline over 1 year | -15.25% | -13.61% | -1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -23.79% | -27.33% | +3.54% |
Max Drawdown (5Y)Largest decline over 5 years | -43.99% | -43.00% | -0.99% |
Max Drawdown (10Y)Largest decline over 10 years | -51.08% | -50.68% | -0.40% |
Current DrawdownCurrent decline from peak | -0.91% | -2.10% | +1.19% |
Average DrawdownAverage peak-to-trough decline | -27.41% | -25.98% | -1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.28% | 5.18% | +0.10% |
Volatility
RYKIX vs. HSFNX - Volatility Comparison
The current volatility for Rydex Banking Fund (RYKIX) is 5.45%, while Hennessy Small Cap Financial Fund (HSFNX) has a volatility of 6.55%. This indicates that RYKIX experiences smaller price fluctuations and is considered to be less risky than HSFNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RYKIX | HSFNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 6.55% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 14.52% | 15.99% | -1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.14% | 24.12% | -4.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.12% | 27.39% | -2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.03% | 29.35% | -1.32% |
RYKIX vs. HSFNX - Expense Ratio Comparison
RYKIX has a 1.36% expense ratio, which is lower than HSFNX's 1.58% expense ratio.
Dividends
RYKIX vs. HSFNX - Dividend Comparison
RYKIX's dividend yield for the trailing twelve months is around 3.08%, less than HSFNX's 9.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSFNX Hennessy Small Cap Financial Fund | 9.94% | 10.99% | 5.97% | 4.63% | 9.14% | 0.97% | 0.91% | 3.43% | 7.34% | 8.19% | 12.46% | 7.38% |
RYKIX Rydex Banking Fund | 3.08% | 3.32% | 3.29% | 1.46% | 3.11% | 0.48% | 2.90% | 0.59% | 2.32% | 0.36% | 0.41% | 0.48% |
Frequently Asked Questions
RYKIX and HSFNX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSFNX has higher volatility (6.55%) compared to RYKIX (5.45%). In terms of maximum drawdown, RYKIX dropped -80.14% vs HSFNX's -70.18%.
RYKIX currently has the higher Sharpe Ratio (1.68 vs 1.55), 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 RYKIX and HSFNX
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