RYMTX vs. UUP

Last updated Aug 5, 2026

RYMTX (Guggenheim Managed Futures Strategy Fund) and UUP (Invesco DB US Dollar Index Bullish Fund) are both funds - RYMTX is a Systematic Trend fund managed by Guggenheim, while UUP is a Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. Over the past 10 years, RYMTX returned 3.10%/yr vs 3.08%/yr for UUP. Their 0.07 correlation means their historical movements had little consistent relationship. RYMTX charges 1.75%/yr vs 0.75%/yr for UUP.

Performance

RYMTX vs. UUP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guggenheim Managed Futures Strategy Fund (RYMTX) and Invesco DB US Dollar Index Bullish Fund (UUP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYMTX achieves a 5.24% return, which is significantly higher than UUP's 4.18% return. Both investments have delivered pretty close results over the past 10 years, with RYMTX having a 3.10% annualized return and UUP not far behind at 3.08%.

RYMTX

• 1D: -0.48%
• 1M: -0.72%
• 6M: 0.68%
• YTD: 5.24%
• 1Y: 14.70%
• 3Y*: 3.90%
• 5Y*: 5.55%
• 10Y*: 3.10%
• ALL TIME*: 0.76%

UUP

• 1D: -0.04%
• 1M: -0.64%
• 6M: 4.61%
• YTD: 4.18%
• 1Y: 5.67%
• 3Y*: 4.60%
• 5Y*: 5.67%
• 10Y*: 3.08%
• ALL TIME*: 1.64%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RYMTX Guggenheim Managed Futures Strategy Fund	$0.00	$0.00	$0.00
UUP Invesco DB US Dollar Index Bullish Fund	$59.44M	$58.61M	$60.04M

RYMTX vs. UUP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYMTX Guggenheim Managed Futures Strategy Fund	5.24%	5.52%	0.56%	3.62%	14.75%	2.62%	2.07%	7.18%	-7.87%	7.39%
UUP Invesco DB US Dollar Index Bullish Fund	4.18%	-4.99%	13.50%	3.63%	9.46%	5.73%	-6.66%	4.09%	7.05%	-9.10%

Correlation

The correlation between RYMTX and UUP is -0.20, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.20
Correlation (3Y) Balances recent behavior with more history.	-0.09
Correlation (5Y) Shows whether the relationship held over a longer period.	0.07
Correlation (10Y) Provides a long-term view across more market conditions.	0.06
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008	0.07

The correlation between RYMTX and UUP shifts across timeframes, from -0.20 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RYMTX vs. UUP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RYMTX

RYMTX Risk / Return Rank: 51
RYMTX Sharpe Ratio Rank: 40
RYMTX Sortino Ratio Rank: 37
RYMTX Omega Ratio Rank: 41
RYMTX Calmar Ratio Rank: 80
RYMTX Martin Ratio Rank: 55

UUP

UUP Risk / Return Rank: 37
UUP Sharpe Ratio Rank: 36
UUP Sortino Ratio Rank: 34
UUP Omega Ratio Rank: 33
UUP Calmar Ratio Rank: 40
UUP Martin Ratio Rank: 41

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RYMTX vs. UUP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guggenheim Managed Futures Strategy Fund (RYMTX) and Invesco DB US Dollar Index Bullish Fund (UUP). 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.

	RYMTX	UUP	Difference
Sharpe ratio: Return per unit of total volatility	1.37	0.99	+0.38
Sortino ratio: Return per unit of downside risk	1.90	1.41	+0.49
Omega ratio: Gain probability vs. loss probability	1.26	1.18	+0.08
Calmar ratio: Return relative to maximum drawdown	2.89	1.56	+1.33
Martin ratio: Return relative to average drawdown	8.18	4.89	+3.29

RYMTX vs. UUP - Sharpe Ratio Comparison

The current RYMTX Sharpe Ratio is 1.37, which is higher than the UUP Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of RYMTX and UUP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RYMTX vs. UUP - Drawdown Comparison

The maximum RYMTX drawdown since its inception was -34.19%, which is greater than UUP's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for RYMTX and UUP.

Drawdown Indicators

	RYMTX	UUP	Difference
Max Drawdown Largest peak-to-trough decline	-34.19%	-22.19%	-12.00%
Max Drawdown (1Y) Largest decline over 1 year	-5.43%	-3.65%	-1.78%
Max Drawdown (3Y) Largest decline over 3 years	-17.54%	-10.05%	-7.49%
Max Drawdown (5Y) Largest decline over 5 years	-17.54%	-10.37%	-7.17%
Max Drawdown (10Y) Largest decline over 10 years	-17.54%	-14.24%	-3.30%
Current Drawdown Current decline from peak	-4.39%	-2.44%	-1.95%
Average Drawdown Average peak-to-trough decline	-18.75%	-8.86%	-9.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.16%	+0.75%

Volatility

RYMTX vs. UUP - Volatility Comparison

Guggenheim Managed Futures Strategy Fund (RYMTX) has a higher volatility of 2.39% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 1.58%. This indicates that RYMTX's price experiences larger fluctuations and is considered to be riskier than UUP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYMTX	UUP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.39%	1.58%	+0.81%
Volatility (6M) Calculated over the trailing 6-month period	7.62%	3.98%	+3.64%
Volatility (1Y) Calculated over the trailing 1-year period	11.48%	5.76%	+5.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.05%	7.23%	+4.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.64%	6.89%	+3.75%

RYMTX vs. UUP - Expense Ratio Comparison

RYMTX has a 1.75% expense ratio, which is higher than UUP's 0.75% expense ratio.

Dividends

RYMTX vs. UUP - Dividend Comparison

RYMTX's dividend yield for the trailing twelve months is around 5.73%, more than UUP's 3.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYMTX Guggenheim Managed Futures Strategy Fund	5.73%	6.03%	5.10%	1.02%	4.80%	0.00%	7.56%	0.00%	0.00%	4.70%	5.19%	2.68%
UUP Invesco DB US Dollar Index Bullish Fund	3.29%	3.43%	4.48%	6.44%	0.89%	0.00%	0.00%	2.03%	1.08%	0.10%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RYMTX and UUP in my portfolio?

RYMTX and UUP have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYMTX or UUP?

RYMTX has higher volatility (2.39%) compared to UUP (1.58%). In terms of maximum drawdown, RYMTX dropped -34.19% vs UUP's -22.19%.

Which has better risk-adjusted returns?

RYMTX currently has the higher Sharpe Ratio (1.37 vs 0.99), 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.