RYNVX vs. RYAIX
RYNVX (Rydex Nova Fund) and RYAIX (Rydex Inverse NASDAQ-100 Strategy Fund) are both mutual funds - RYNVX is a Leveraged Equities fund managed by Rydex Funds, while RYAIX is a Inverse Equities fund managed by Rydex Funds. Over the past 10 years, RYNVX returned 18.38%/yr vs -18.84%/yr for RYAIX. At a correlation of -0.87, they often move in opposite directions. RYNVX charges 1.23%/yr vs 1.55%/yr for RYAIX.
Performance
RYNVX vs. RYAIX - Performance Comparison
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Returns By Period
In the year-to-date period, RYNVX achieves a 13.98% return, which is significantly higher than RYAIX's -14.79% return. Over the past 10 years, RYNVX has outperformed RYAIX with an annualized return of 18.38%, while RYAIX has yielded a comparatively lower -18.84% annualized return.
RYNVX
- 1D
- 0.56%
- 1M
- -0.59%
- 6M
- 12.03%
- YTD
- 13.98%
- 1Y
- 29.27%
- 3Y*
- 25.65%
- 5Y*
- 14.77%
- 10Y*
- 18.38%
RYAIX
- 1D
- -1.08%
- 1M
- 3.29%
- 6M
- -14.20%
- YTD
- -14.79%
- 1Y
- -21.11%
- 3Y*
- -16.73%
- 5Y*
- -12.93%
- 10Y*
- -18.84%
RYNVX vs. RYAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYNVX Rydex Nova Fund | 13.98% | 21.42% | 33.14% | 35.31% | -29.96% | 42.56% | 19.64% | 45.58% | -10.24% | 31.17% |
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | -14.79% | -15.63% | -15.64% | -31.71% | 35.92% | -24.88% | -40.98% | -27.65% | -2.63% | -24.47% |
Correlation
The correlation between RYNVX and RYAIX is -0.93, 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 | -0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1999 | -0.87 |
The correlation between RYNVX and RYAIX has been stable across timeframes, ranging from -0.93 to -0.87 - a consistent structural relationship.
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Return for Risk
RYNVX vs. RYAIX — Risk / Return Rank
RYNVX
RYAIX
RYNVX vs. RYAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Nova Fund (RYNVX) 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.
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.
| RYNVX | RYAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.66 | ||
| Sortino ratioReturn per unit of downside risk | +3.72 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.82 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | -0.84 | +2.90 |
| Martin ratioReturn relative to average drawdown | 8.70 | -1.73 | +10.43 |
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Drawdowns
RYNVX vs. RYAIX - Drawdown Comparison
The maximum RYNVX drawdown since its inception was -76.54%, smaller than the maximum RYAIX drawdown of -98.93%. Use the drawdown chart below to compare losses from any high point for RYNVX and RYAIX.
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Drawdown Indicators
| RYNVX | RYAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.54% | -98.93% | +22.39% |
Max Drawdown (1Y)Largest decline over 1 year | -13.84% | -25.47% | +11.63% |
Max Drawdown (3Y)Largest decline over 3 years | -27.49% | -50.13% | +22.64% |
Max Drawdown (5Y)Largest decline over 5 years | -40.92% | -61.15% | +20.23% |
Max Drawdown (10Y)Largest decline over 10 years | -48.58% | -87.96% | +39.38% |
Current DrawdownCurrent decline from peak | -1.74% | -98.89% | +97.15% |
Average DrawdownAverage peak-to-trough decline | -19.57% | -73.39% | +53.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 12.28% | -9.00% |
Volatility
RYNVX vs. RYAIX - Volatility Comparison
The current volatility for Rydex Nova Fund (RYNVX) is 5.54%, while Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) has a volatility of 7.86%. This indicates that RYNVX experiences smaller price fluctuations and is considered to be less risky than RYAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYNVX | RYAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.54% | 7.86% | -2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 15.02% | 15.39% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.84% | 18.66% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.11% | 23.25% | +2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.37% | 22.80% | +4.57% |
RYNVX vs. RYAIX - Expense Ratio Comparison
RYNVX has a 1.23% expense ratio, which is lower than RYAIX's 1.55% expense ratio.
Dividends
RYNVX vs. RYAIX - Dividend Comparison
RYNVX's dividend yield for the trailing twelve months is around 0.66%, less than RYAIX's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | 2.62% | 2.23% | 5.67% | 4.81% | 0.00% | 0.00% | 0.09% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% |
RYNVX Rydex Nova Fund | 0.66% | 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
RYNVX and RYAIX have a correlation of -0.93, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYAIX has higher volatility (7.86%) compared to RYNVX (5.54%). In terms of maximum drawdown, RYNVX dropped -76.54% vs RYAIX's -98.93%.
RYNVX currently has the higher Sharpe Ratio (1.52 vs -1.14), 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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