RYKIX vs. RYGBX
RYKIX (Rydex Banking Fund) and RYGBX (Rydex Government Long Bond 1.2x Strategy Fund) are both mutual funds - RYKIX is a Financials Equities fund managed by Rydex Funds, while RYGBX is a Leveraged Bonds fund managed by Rydex Funds. Over the past 10 years, RYKIX returned 10.93%/yr vs -5.69%/yr for RYGBX. Their -0.26 correlation means they have often moved in opposite directions in the past. RYKIX charges 1.36%/yr vs 0.99%/yr for RYGBX.
Performance
RYKIX vs. RYGBX - Performance Comparison
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Returns By Period
In the year-to-date period, RYKIX achieves a 14.12% return, which is significantly higher than RYGBX's -5.29% return. Over the past 10 years, RYKIX has outperformed RYGBX with an annualized return of 10.93%, while RYGBX has yielded a comparatively lower -5.69% annualized return.
RYKIX
- 1D
- 1.15%
- 1M
- 1.84%
- 6M
- 10.95%
- YTD
- 14.12%
- 1Y
- 32.27%
- 3Y*
- 23.78%
- 5Y*
- 10.28%
- 10Y*
- 10.93%
- ALL TIME*
- 2.62%
RYGBX
- 1D
- -0.13%
- 1M
- -4.11%
- 6M
- -4.50%
- YTD
- -5.29%
- 1Y
- -4.35%
- 3Y*
- -5.78%
- 5Y*
- -13.13%
- 10Y*
- -5.69%
- ALL TIME*
- 1.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
RYKIX Rydex Banking Fund | $0.00 | $0.00 | $0.00 |
RYKIX vs. RYGBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYKIX Rydex Banking Fund | 14.12% | 23.92% | 23.33% | 2.95% | -16.81% | 33.70% | -7.85% | 28.51% | -19.19% | 12.47% |
RYGBX Rydex Government Long Bond 1.2x Strategy Fund | -5.29% | 2.19% | -12.81% | -1.05% | -40.90% | -7.28% | 21.93% | 17.50% | -5.20% | 9.93% |
Correlation
The correlation between RYKIX and RYGBX is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.02 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1999 | -0.26 |
The correlation between RYKIX and RYGBX shifts across timeframes, from -0.26 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RYKIX vs. RYGBX — Risk / Return Rank
RYKIX
RYGBX
RYKIX vs. RYGBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Banking Fund (RYKIX) and Rydex Government Long Bond 1.2x Strategy Fund (RYGBX). 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 | RYGBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.97 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | -0.25 | +2.10 |
| Martin ratioReturn relative to average drawdown | 5.41 | -0.52 | +5.92 |
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Drawdowns
RYKIX vs. RYGBX - Drawdown Comparison
The maximum RYKIX drawdown since its inception was -80.14%, which is greater than RYGBX's maximum drawdown of -62.42%. Use the drawdown chart below to compare losses from any high point for RYKIX and RYGBX.
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Drawdown Indicators
| RYKIX | RYGBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.14% | -62.42% | -17.72% |
Max Drawdown (1Y)Largest decline over 1 year | -15.25% | -9.88% | -5.37% |
Max Drawdown (3Y)Largest decline over 3 years | -23.79% | -19.21% | -4.58% |
Max Drawdown (5Y)Largest decline over 5 years | -43.99% | -55.36% | +11.37% |
Max Drawdown (10Y)Largest decline over 10 years | -51.08% | -62.42% | +11.34% |
Current DrawdownCurrent decline from peak | -1.71% | -60.60% | +58.89% |
Average DrawdownAverage peak-to-trough decline | -27.31% | -19.71% | -7.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.23% | 4.75% | +0.48% |
Volatility
RYKIX vs. RYGBX - Volatility Comparison
Rydex Banking Fund (RYKIX) has a higher volatility of 5.30% compared to Rydex Government Long Bond 1.2x Strategy Fund (RYGBX) at 2.93%. This indicates that RYKIX's price experiences larger fluctuations and is considered to be riskier than RYGBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYKIX | RYGBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 2.93% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 14.52% | 7.92% | +6.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.19% | 10.87% | +8.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.91% | 19.54% | +5.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.85% | 19.19% | +8.66% |
RYKIX vs. RYGBX - Expense Ratio Comparison
RYKIX has a 1.36% expense ratio, which is higher than RYGBX's 0.99% expense ratio.
Dividends
RYKIX vs. RYGBX - Dividend Comparison
RYKIX's dividend yield for the trailing twelve months is around 2.91%, less than RYGBX's 3.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYGBX Rydex Government Long Bond 1.2x Strategy Fund | 3.71% | 3.59% | 2.89% | 2.70% | 1.69% | 0.71% | 46.47% | 5.00% | 1.51% | 1.45% | 5.62% | 2.07% |
RYKIX Rydex Banking Fund | 2.91% | 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 RYGBX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYKIX has higher volatility (5.30%) compared to RYGBX (2.93%). In terms of maximum drawdown, RYKIX dropped -80.14% vs RYGBX's -62.42%.
RYKIX currently has the higher Sharpe Ratio (1.48 vs -0.23), 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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