RYNVX vs. RYEUX
RYNVX (Rydex Nova Fund) and RYEUX (Rydex Europe 1.25x Strategy Fund) are both Leveraged Equities funds from Rydex Funds. Over the past 10 years, RYNVX returned 18.04%/yr vs 9.12%/yr for RYEUX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. RYNVX charges 1.23%/yr vs 1.69%/yr for RYEUX.
Performance
RYNVX vs. RYEUX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with RYNVX having a 11.40% return and RYEUX slightly higher at 11.74%. Over the past 10 years, RYNVX has outperformed RYEUX with an annualized return of 18.04%, while RYEUX has yielded a comparatively lower 9.12% annualized return.
RYNVX
- 1D
- 2.46%
- 1M
- -1.13%
- 6M
- 9.37%
- YTD
- 11.40%
- 1Y
- 26.72%
- 3Y*
- 23.61%
- 5Y*
- 13.98%
- 10Y*
- 18.04%
- ALL TIME*
- 11.45%
RYEUX
- 1D
- 2.97%
- 1M
- 1.65%
- 6M
- 5.63%
- YTD
- 11.74%
- 1Y
- 30.11%
- 3Y*
- 13.49%
- 5Y*
- 9.24%
- 10Y*
- 9.12%
- ALL TIME*
- 1.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
RYNVX Rydex Nova Fund | $0.00 | $0.00 | $0.00 |
RYNVX vs. RYEUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYNVX Rydex Nova Fund | 11.40% | 21.42% | 33.14% | 35.31% | -29.96% | 42.56% | 19.64% | 45.58% | -10.24% | 31.17% |
RYEUX Rydex Europe 1.25x Strategy Fund | 11.74% | 32.95% | -2.61% | 19.53% | -12.87% | 18.73% | 0.35% | 29.80% | -18.72% | 28.14% |
Correlation
The correlation between RYNVX and RYEUX is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.78 |
The correlation between RYNVX and RYEUX shifts across timeframes, from 0.66 (3 years) to 0.78 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RYNVX vs. RYEUX — Risk / Return Rank
RYNVX
RYEUX
RYNVX vs. RYEUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Nova Fund (RYNVX) and Rydex Europe 1.25x Strategy Fund (RYEUX). 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 | RYEUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.71 | -0.05 |
| Martin ratioReturn relative to average drawdown | 6.82 | 5.85 | +0.97 |
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Drawdowns
RYNVX vs. RYEUX - Drawdown Comparison
The maximum RYNVX drawdown since its inception was -76.54%, roughly equal to the maximum RYEUX drawdown of -76.19%. Use the drawdown chart below to compare losses from any high point for RYNVX and RYEUX.
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Drawdown Indicators
| RYNVX | RYEUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.54% | -76.19% | -0.35% |
Max Drawdown (1Y)Largest decline over 1 year | -13.84% | -15.24% | +1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -27.49% | -18.54% | -8.95% |
Max Drawdown (5Y)Largest decline over 5 years | -40.92% | -33.39% | -7.53% |
Max Drawdown (10Y)Largest decline over 10 years | -48.58% | -42.08% | -6.50% |
Current DrawdownCurrent decline from peak | -3.97% | 0.00% | -3.97% |
Average DrawdownAverage peak-to-trough decline | -19.54% | -37.11% | +17.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 4.46% | -1.08% |
Volatility
RYNVX vs. RYEUX - Volatility Comparison
The current volatility for Rydex Nova Fund (RYNVX) is 5.16%, while Rydex Europe 1.25x Strategy Fund (RYEUX) has a volatility of 5.80%. This indicates that RYNVX experiences smaller price fluctuations and is considered to be less risky than RYEUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYNVX | RYEUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 5.80% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 15.18% | 17.34% | -2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.30% | 20.27% | -0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.12% | 21.16% | +4.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.40% | 22.11% | +5.29% |
RYNVX vs. RYEUX - Expense Ratio Comparison
RYNVX has a 1.23% expense ratio, which is lower than RYEUX's 1.69% expense ratio.
Dividends
RYNVX vs. RYEUX - Dividend Comparison
RYNVX's dividend yield for the trailing twelve months is around 0.68%, less than RYEUX's 5.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYEUX Rydex Europe 1.25x Strategy Fund | 5.33% | 5.95% | 12.32% | 0.67% | 0.00% | 0.00% | 5.03% | 0.46% | 8.58% | 0.25% | 0.91% | 0.15% |
RYNVX Rydex Nova Fund | 0.68% | 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 RYEUX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYEUX has higher volatility (5.80%) compared to RYNVX (5.16%). In terms of maximum drawdown, RYNVX dropped -76.54% vs RYEUX's -76.19%.
RYEUX currently has the higher Sharpe Ratio (1.29 vs 1.19), 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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