RYMKX vs. RYNVX
RYMKX (Rydex Russell 2000 1.5x Strategy Fund) and RYNVX (Rydex Nova Fund) are both Leveraged Equities funds from Rydex Funds. Over the past 10 years, RYMKX returned 12.25%/yr vs 19.30%/yr for RYNVX. Their correlation of 0.86 suggests significant overlap in exposure. RYMKX charges 1.69%/yr vs 1.23%/yr for RYNVX.
Performance
RYMKX vs. RYNVX - Performance Comparison
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Returns By Period
In the year-to-date period, RYMKX achieves a 30.60% return, which is significantly higher than RYNVX's 12.57% return. Over the past 10 years, RYMKX has underperformed RYNVX with an annualized return of 12.25%, while RYNVX has yielded a comparatively higher 19.30% annualized return.
RYMKX
- 1D
- 1.23%
- 1M
- 6.87%
- YTD
- 30.60%
- 6M
- 26.04%
- 1Y
- 60.98%
- 3Y*
- 23.65%
- 5Y*
- 4.19%
- 10Y*
- 12.25%
RYNVX
- 1D
- -0.56%
- 1M
- -0.33%
- YTD
- 12.57%
- 6M
- 10.96%
- 1Y
- 34.48%
- 3Y*
- 27.32%
- 5Y*
- 15.43%
- 10Y*
- 19.30%
RYMKX vs. RYNVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYMKX Rydex Russell 2000 1.5x Strategy Fund | 30.60% | 12.79% | 11.00% | 20.06% | -33.16% | 16.62% | 20.94% | 35.38% | -19.62% | 20.07% |
RYNVX Rydex Nova Fund | 12.57% | 21.42% | 33.14% | 35.31% | -29.96% | 42.56% | 19.64% | 45.58% | -10.24% | 31.17% |
Correlation
The correlation between RYMKX and RYNVX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.86 |
The correlation between RYMKX and RYNVX has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.
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Return for Risk
RYMKX vs. RYNVX — Risk / Return Rank
RYMKX
RYNVX
RYMKX vs. RYNVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Russell 2000 1.5x Strategy Fund (RYMKX) and Rydex Nova Fund (RYNVX). 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.
| RYMKX | RYNVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.77 | 2.64 | +1.13 |
| Martin ratioReturn relative to average drawdown | 13.02 | 11.49 | +1.53 |
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Drawdowns
RYMKX vs. RYNVX - Drawdown Comparison
The maximum RYMKX drawdown since its inception was -77.57%, roughly equal to the maximum RYNVX drawdown of -76.54%. Use the drawdown chart below to compare losses from any high point for RYMKX and RYNVX.
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Drawdown Indicators
| RYMKX | RYNVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.57% | -76.54% | -1.03% |
Max Drawdown (1Y)Largest decline over 1 year | -16.96% | -13.84% | -3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -39.72% | -27.49% | -12.23% |
Max Drawdown (5Y)Largest decline over 5 years | -63.65% | -40.92% | -22.73% |
Max Drawdown (10Y)Largest decline over 10 years | -63.65% | -48.58% | -15.07% |
Current DrawdownCurrent decline from peak | -18.47% | -2.95% | -15.52% |
Average DrawdownAverage peak-to-trough decline | -23.35% | -19.60% | -3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 3.18% | +1.72% |
Volatility
RYMKX vs. RYNVX - Volatility Comparison
Rydex Russell 2000 1.5x Strategy Fund (RYMKX) has a higher volatility of 9.67% compared to Rydex Nova Fund (RYNVX) at 7.09%. This indicates that RYMKX's price experiences larger fluctuations and is considered to be riskier than RYNVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYMKX | RYNVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.67% | 7.09% | +2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 21.45% | 14.80% | +6.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.59% | 18.77% | +10.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.53% | 26.09% | +19.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.24% | 27.46% | +13.78% |
RYMKX vs. RYNVX - Expense Ratio Comparison
RYMKX has a 1.69% expense ratio, which is higher than RYNVX's 1.23% expense ratio.
Dividends
RYMKX vs. RYNVX - Dividend Comparison
RYMKX's dividend yield for the trailing twelve months is around 0.64%, less than RYNVX's 0.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYMKX Rydex Russell 2000 1.5x Strategy Fund | 0.64% | 0.84% | 1.30% | 0.21% | 0.00% | 57.14% | 0.29% | 0.00% | 0.00% | 0.00% | 9.87% | 8.26% |
RYNVX Rydex Nova Fund | 0.67% | 0.76% | 0.66% | 0.59% | 22.11% | 9.07% | 0.53% | 0.00% | 0.00% | 1.97% | 1.22% | 0.13% |
Frequently Asked Questions
RYMKX and RYNVX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYMKX has higher volatility (9.67%) compared to RYNVX (7.09%). In terms of maximum drawdown, RYMKX dropped -77.57% vs RYNVX's -76.54%.
RYMKX currently has the higher Sharpe Ratio (2.17 vs 1.95), 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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