RYMMX vs. RYAIX
RYMMX (Rydex S&P MidCap 400 Pure Value Fund) and RYAIX (Rydex Inverse NASDAQ-100 Strategy Fund) are both mutual funds - RYMMX is a Small Cap Value Equities fund managed by Rydex Funds, while RYAIX is a Inverse Equities fund managed by Rydex Funds. Over the past 10 years, RYMMX returned 9.86%/yr vs -19.29%/yr for RYAIX. At a correlation of -0.67, they often move in opposite directions. RYMMX charges 2.26%/yr vs 1.55%/yr for RYAIX.
Performance
RYMMX vs. RYAIX - Performance Comparison
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Returns By Period
In the year-to-date period, RYMMX achieves a 12.45% return, which is significantly higher than RYAIX's -17.50% return. Over the past 10 years, RYMMX has outperformed RYAIX with an annualized return of 9.86%, while RYAIX has yielded a comparatively lower -19.29% annualized return.
RYMMX
- 1D
- 1.70%
- 1M
- 3.95%
- YTD
- 12.45%
- 6M
- 9.88%
- 1Y
- 22.84%
- 3Y*
- 14.27%
- 5Y*
- 7.63%
- 10Y*
- 9.86%
RYAIX
- 1D
- -0.46%
- 1M
- -9.69%
- YTD
- -17.50%
- 6M
- -16.04%
- 1Y
- -27.23%
- 3Y*
- -19.27%
- 5Y*
- -15.08%
- 10Y*
- -19.29%
RYMMX vs. RYAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYMMX Rydex S&P MidCap 400 Pure Value Fund | 12.45% | 5.11% | 3.49% | 26.78% | -6.06% | 30.05% | 5.74% | 20.83% | -19.66% | 12.28% |
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | -17.50% | -15.63% | -15.64% | -31.71% | 35.92% | -24.88% | -40.98% | -27.65% | -2.63% | -24.47% |
Correlation
The correlation between RYMMX and RYAIX is -0.45, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.55 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2005 | -0.67 |
Over the past year, the inverse relationship between RYMMX and RYAIX has weakened: their correlation has moved from -0.67 to -0.45, meaning they move in opposite directions less often than they have historically.
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Return for Risk
RYMMX vs. RYAIX — Risk / Return Rank
RYMMX
RYAIX
RYMMX vs. RYAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex S&P MidCap 400 Pure Value Fund (RYMMX) and Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX). 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.
| RYMMX | RYAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.11 | ||
| Sortino ratioReturn per unit of downside risk | +4.69 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.73 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | -1.01 | +3.00 |
| Martin ratioReturn relative to average drawdown | 5.73 | -2.23 | +7.96 |
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
| RYMMX | RYAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | -1.73 | +3.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | -0.66 | +1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | -0.85 | +1.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | -0.17 | +0.44 |
Drawdowns
RYMMX vs. RYAIX - Drawdown Comparison
The maximum RYMMX drawdown since its inception was -73.49%, smaller than the maximum RYAIX drawdown of -98.93%. Use the drawdown chart below to compare losses from any high point for RYMMX and RYAIX.
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Drawdown Indicators
| RYMMX | RYAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.49% | -98.93% | +25.44% |
Max Drawdown (1Y)Largest decline over 1 year | -12.54% | -27.64% | +15.10% |
Max Drawdown (3Y)Largest decline over 3 years | -25.11% | -50.13% | +25.02% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | -61.15% | +36.04% |
Max Drawdown (10Y)Largest decline over 10 years | -54.43% | -89.04% | +34.61% |
Current DrawdownCurrent decline from peak | 0.00% | -98.93% | +98.93% |
Average DrawdownAverage peak-to-trough decline | -11.98% | -73.29% | +61.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.35% | 12.65% | -8.30% |
Volatility
RYMMX vs. RYAIX - Volatility Comparison
Rydex S&P MidCap 400 Pure Value Fund (RYMMX) and Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) have volatilities of 4.70% and 4.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYMMX | RYAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 4.52% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 12.35% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.08% | 16.17% | +1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.94% | 22.86% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.03% | 22.66% | +2.37% |
RYMMX vs. RYAIX - Expense Ratio Comparison
RYMMX has a 2.26% expense ratio, which is higher than RYAIX's 1.55% expense ratio.
Dividends
RYMMX vs. RYAIX - Dividend Comparison
RYMMX's dividend yield for the trailing twelve months is around 0.16%, less than RYAIX's 2.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | 2.70% | 2.23% | 5.67% | 4.81% | 0.00% | 0.00% | 0.09% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% |
RYMMX Rydex S&P MidCap 400 Pure Value Fund | 0.16% | 0.18% | 8.21% | 0.48% | 17.90% | 6.82% | 0.05% | 0.00% | 3.84% | 1.94% | 0.22% | 0.30% |
Frequently Asked Questions
RYMMX and RYAIX have a correlation of -0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYMMX has higher volatility (4.70%) compared to RYAIX (4.52%). In terms of maximum drawdown, RYMMX dropped -73.49% vs RYAIX's -98.93%.
RYMMX currently has the higher Sharpe Ratio (1.38 vs -1.73), 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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