RYMEX vs. FEGIX

Last updated Apr 1, 2026

Compare and contrast key facts about Rydex Commodities Strategy Fund (RYMEX) and First Eagle Gold Fund Class I (FEGIX).

RYMEX is managed by Rydex Funds. It was launched on May 24, 2005. FEGIX is managed by First Eagle. It was launched on Aug 31, 1993.

Performance

RYMEX vs. FEGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Commodities Strategy Fund (RYMEX) and First Eagle Gold Fund Class I (FEGIX). The values are adjusted to include any dividend payments, if applicable.

RYMEX vs. FEGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYMEX Rydex Commodities Strategy Fund	40.07%	4.70%	8.24%	-6.14%	23.72%	39.03%	-64.08%	15.48%	-14.96%	4.67%
FEGIX First Eagle Gold Fund Class I	2.63%	128.89%	10.57%	7.24%	-1.31%	-7.54%	30.00%	38.98%	-15.69%	8.44%

Returns By Period

In the year-to-date period, RYMEX achieves a 40.07% return, which is significantly higher than FEGIX's 2.63% return. Over the past 10 years, RYMEX has underperformed FEGIX with an annualized return of 0.96%, while FEGIX has yielded a comparatively higher 15.86% annualized return.

RYMEX

• 1D: 1.67%
• 1M: 24.61%
• YTD: 40.07%
• 6M: 40.55%
• 1Y: 40.95%
• 3Y*: 16.42%
• 5Y*: 17.74%
• 10Y*: 0.96%

FEGIX

• 1D: -0.12%
• 1M: -22.39%
• YTD: 2.63%
• 6M: 19.07%
• 1Y: 78.51%
• 3Y*: 35.94%
• 5Y*: 22.88%
• 10Y*: 15.86%

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

RYMEX vs. FEGIX - Expense Ratio Comparison

RYMEX has a 1.60% expense ratio, which is higher than FEGIX's 0.96% expense ratio.

RYMEX

Rydex Commodities Strategy Fund

FEGIX

First Eagle Gold Fund Class I

Return for Risk

RYMEX vs. FEGIX — Risk / Return Rank

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

RYMEX

RYMEX Risk / Return Rank: 91
RYMEX Sharpe Ratio Rank: 93
RYMEX Sortino Ratio Rank: 92
RYMEX Omega Ratio Rank: 86
RYMEX Calmar Ratio Rank: 96
RYMEX Martin Ratio Rank: 88

FEGIX

FEGIX Risk / Return Rank: 90
FEGIX Sharpe Ratio Rank: 93
FEGIX Sortino Ratio Rank: 87
FEGIX Omega Ratio Rank: 86
FEGIX Calmar Ratio Rank: 94
FEGIX Martin Ratio Rank: 92

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.

RYMEX vs. FEGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Commodities Strategy Fund (RYMEX) and First Eagle Gold Fund Class I (FEGIX). 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.

	RYMEX	FEGIX	Difference
Sharpe ratio Return per unit of total volatility	2.04	2.07	-0.03
Sortino ratio Return per unit of downside risk	2.70	2.33	+0.37
Omega ratio Gain probability vs. loss probability	1.36	1.36	+0.01
Calmar ratio Return relative to maximum drawdown	3.59	2.97	+0.62
Martin ratio Return relative to average drawdown	9.58	11.00	-1.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYMEX vs. FEGIX - Sharpe Ratio Comparison

The current RYMEX Sharpe Ratio is 2.04, which is comparable to the FEGIX Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of RYMEX and FEGIX, 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

	RYMEX	FEGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	2.07	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.82	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.04	0.59	-0.55
Sharpe Ratio (All Time) Calculated using the full available price history	-0.26	0.34	-0.60

Correlation

The correlation between RYMEX and FEGIX is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

RYMEX vs. FEGIX - Dividend Comparison

RYMEX's dividend yield for the trailing twelve months is around 1.70%, more than FEGIX's 1.16% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYMEX Rydex Commodities Strategy Fund	1.70%	2.38%	0.00%	4.98%	17.15%	2.97%	0.00%	0.74%	44.23%	1.49%
FEGIX First Eagle Gold Fund Class I	1.16%	1.19%	5.31%	1.08%	0.00%	1.19%	1.48%	0.09%	0.00%	0.00%

Drawdowns

RYMEX vs. FEGIX - Drawdown Comparison

The maximum RYMEX drawdown since its inception was -93.96%, which is greater than FEGIX's maximum drawdown of -70.38%. Use the drawdown chart below to compare losses from any high point for RYMEX and FEGIX.

Drawdown Indicators

	RYMEX	FEGIX	Difference
Max Drawdown Largest peak-to-trough decline	-93.96%	-70.38%	-23.58%
Max Drawdown (1Y) Largest decline over 1 year	-11.86%	-26.66%	+14.80%
Max Drawdown (5Y) Largest decline over 5 years	-30.45%	-33.95%	+3.50%
Max Drawdown (10Y) Largest decline over 10 years	-69.87%	-41.84%	-28.03%
Current Drawdown Current decline from peak	-84.04%	-22.73%	-61.31%
Average Drawdown Average peak-to-trough decline	-69.16%	-28.82%	-40.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.45%	7.21%	-2.76%

Volatility

RYMEX vs. FEGIX - Volatility Comparison

The current volatility for Rydex Commodities Strategy Fund (RYMEX) is 11.73%, while First Eagle Gold Fund Class I (FEGIX) has a volatility of 13.89%. This indicates that RYMEX experiences smaller price fluctuations and is considered to be less risky than FEGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYMEX	FEGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.73%	13.89%	-2.16%
Volatility (6M) Calculated over the trailing 6-month period	16.53%	32.49%	-15.96%
Volatility (1Y) Calculated over the trailing 1-year period	21.32%	38.59%	-17.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.05%	28.11%	-6.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.62%	27.16%	+0.46%