RYKIX vs. RYDAX
Compare and contrast key facts about Rydex Banking Fund (RYKIX) and Rydex Dow Jones Industrial Average Fund (RYDAX).
RYKIX is managed by Rydex Funds. It was launched on Apr 1, 1998. RYDAX is managed by Rydex Funds. It was launched on Dec 1, 2015.
Performance
RYKIX vs. RYDAX - Performance Comparison
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RYKIX vs. RYDAX - 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% |
RYDAX Rydex Dow Jones Industrial Average Fund | -5.94% | 12.98% | 13.10% | 14.36% | -8.88% | 19.11% | 7.47% | 23.13% | -5.14% | 26.19% |
Returns By Period
In the year-to-date period, RYKIX achieves a -7.38% return, which is significantly lower than RYDAX's -5.94% return. Over the past 10 years, RYKIX has underperformed RYDAX with an annualized return of 9.11%, while RYDAX has yielded a comparatively higher 10.22% 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%
RYDAX
- 1D
- -0.06%
- 1M
- -7.64%
- YTD
- -5.94%
- 6M
- -2.59%
- 1Y
- 7.67%
- 3Y*
- 10.99%
- 5Y*
- 6.69%
- 10Y*
- 10.22%
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RYKIX vs. RYDAX - Expense Ratio Comparison
RYKIX has a 1.36% expense ratio, which is lower than RYDAX's 1.58% expense ratio.
Return for Risk
RYKIX vs. RYDAX — Risk / Return Rank
RYKIX
RYDAX
RYKIX vs. RYDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Banking Fund (RYKIX) and Rydex Dow Jones Industrial Average Fund (RYDAX). 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 | RYDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 0.53 | +0.29 |
Sortino ratioReturn per unit of downside risk | 1.18 | 0.87 | +0.31 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.12 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.09 | 0.63 | +0.46 |
Martin ratioReturn relative to average drawdown | 3.26 | 2.34 | +0.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RYKIX | RYDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 0.53 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.46 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.58 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.59 | -0.53 |
Correlation
The correlation between RYKIX and RYDAX is 0.72, 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. RYDAX - Dividend Comparison
RYKIX's dividend yield for the trailing twelve months is around 3.59%, more than RYDAX's 0.40% 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% |
RYDAX Rydex Dow Jones Industrial Average Fund | 0.40% | 0.38% | 1.73% | 0.75% | 3.17% | 1.22% | 4.87% | 4.02% | 1.25% | 3.70% | 0.56% | 0.00% |
Drawdowns
RYKIX vs. RYDAX - Drawdown Comparison
The maximum RYKIX drawdown since its inception was -80.14%, which is greater than RYDAX's maximum drawdown of -37.34%. Use the drawdown chart below to compare losses from any high point for RYKIX and RYDAX.
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Drawdown Indicators
| RYKIX | RYDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.14% | -37.34% | -42.80% |
Max Drawdown (1Y)Largest decline over 1 year | -15.25% | -10.87% | -4.38% |
Max Drawdown (5Y)Largest decline over 5 years | -43.99% | -22.12% | -21.87% |
Max Drawdown (10Y)Largest decline over 10 years | -51.08% | -37.34% | -13.74% |
Current DrawdownCurrent decline from peak | -14.88% | -9.86% | -5.02% |
Average DrawdownAverage peak-to-trough decline | -27.60% | -4.38% | -23.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 2.95% | +2.16% |
Volatility
RYKIX vs. RYDAX - Volatility Comparison
Rydex Banking Fund (RYKIX) has a higher volatility of 5.13% compared to Rydex Dow Jones Industrial Average Fund (RYDAX) at 3.99%. This indicates that RYKIX's price experiences larger fluctuations and is considered to be riskier than RYDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYKIX | RYDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 3.99% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 14.65% | 8.92% | +5.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.75% | 16.68% | +7.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.20% | 14.73% | +10.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.05% | 17.56% | +10.49% |