RYNVX vs. RYURX
RYNVX (Rydex Nova Fund) and RYURX (Rydex Inverse S&P 500 Strategy Fund) are both mutual funds - RYNVX is a Leveraged Equities fund managed by Rydex Funds, while RYURX is a Inverse Equities fund managed by Rydex Funds. Over the past 10 years, RYNVX returned 18.31%/yr vs -12.61%/yr for RYURX. Their -0.99 correlation means they have often moved in opposite directions in the past. RYNVX charges 1.23%/yr vs 1.49%/yr for RYURX.
Performance
RYNVX vs. RYURX - Performance Comparison
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Returns By Period
In the year-to-date period, RYNVX achieves a 15.02% return, which is significantly higher than RYURX's -8.07% return. Over the past 10 years, RYNVX has outperformed RYURX with an annualized return of 18.31%, while RYURX has yielded a comparatively lower -12.61% annualized return.
RYNVX
- 1D
- 2.21%
- 1M
- 2.08%
- 6M
- 13.51%
- YTD
- 15.02%
- 1Y
- 28.01%
- 3Y*
- 26.51%
- 5Y*
- 14.66%
- 10Y*
- 18.31%
- ALL TIME*
- 11.55%
RYURX
- 1D
- -1.49%
- 1M
- -1.24%
- 6M
- -7.54%
- YTD
- -8.07%
- 1Y
- -13.22%
- 3Y*
- -11.90%
- 5Y*
- -8.35%
- 10Y*
- -12.61%
- ALL TIME*
- -10.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
RYNVX Rydex Nova Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
RYNVX vs. RYURX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYNVX Rydex Nova Fund | 15.02% | 21.42% | 33.14% | 35.31% | -29.96% | 42.56% | 19.64% | 45.58% | -10.24% | 31.17% |
RYURX Rydex Inverse S&P 500 Strategy Fund | -8.07% | -11.41% | -13.04% | -14.56% | 17.56% | -24.19% | -24.90% | -22.65% | 4.33% | -17.38% |
Correlation
The correlation between RYNVX and RYURX is -1.00, 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. | -1.00 |
Correlation (3Y) Balances recent behavior with more history. | -1.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 1995 | -1.00 |
The correlation between RYNVX and RYURX has been stable across timeframes, ranging from -1.00 to -0.99 - a consistent structural relationship.
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Return for Risk
RYNVX vs. RYURX — Risk / Return Rank
RYNVX
RYURX
RYNVX vs. RYURX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Nova Fund (RYNVX) and Rydex Inverse S&P 500 Strategy Fund (RYURX). 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 | RYURX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.75 | ||
| Sortino ratioReturn per unit of downside risk | +3.80 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.82 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | -0.90 | +3.14 |
| Martin ratioReturn relative to average drawdown | 9.16 | -1.66 | +10.82 |
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Drawdowns
RYNVX vs. RYURX - Drawdown Comparison
The maximum RYNVX drawdown since its inception was -76.54%, smaller than the maximum RYURX drawdown of -96.72%. Use the drawdown chart below to compare losses from any high point for RYNVX and RYURX.
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Drawdown Indicators
| RYNVX | RYURX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.54% | -96.72% | +20.18% |
Max Drawdown (1Y)Largest decline over 1 year | -13.84% | -16.08% | +2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -27.49% | -38.48% | +10.99% |
Max Drawdown (5Y)Largest decline over 5 years | -40.92% | -44.10% | +3.18% |
Max Drawdown (10Y)Largest decline over 10 years | -48.58% | -75.17% | +26.59% |
Current DrawdownCurrent decline from peak | -0.84% | -96.70% | +95.86% |
Average DrawdownAverage peak-to-trough decline | -19.54% | -69.06% | +49.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 9.07% | -5.69% |
Volatility
RYNVX vs. RYURX - Volatility Comparison
Rydex Nova Fund (RYNVX) has a higher volatility of 5.70% compared to Rydex Inverse S&P 500 Strategy Fund (RYURX) at 3.77%. This indicates that RYNVX's price experiences larger fluctuations and is considered to be riskier than RYURX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYNVX | RYURX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 3.77% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 15.34% | 10.16% | +5.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.30% | 12.78% | +6.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.14% | 17.12% | +9.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.42% | 18.12% | +9.30% |
RYNVX vs. RYURX - Expense Ratio Comparison
RYNVX has a 1.23% expense ratio, which is lower than RYURX's 1.49% expense ratio.
Dividends
RYNVX vs. RYURX - Dividend Comparison
RYNVX's dividend yield for the trailing twelve months is around 0.66%, less than RYURX's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RYURX Rydex Inverse S&P 500 Strategy Fund | 4.15% | 3.82% | 6.78% | 2.79% | 0.00% | 0.00% | 0.42% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RYNVX and RYURX have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYNVX has higher volatility (5.70%) compared to RYURX (3.77%). In terms of maximum drawdown, RYNVX dropped -76.54% vs RYURX's -96.72%.
RYNVX currently has the higher Sharpe Ratio (1.61 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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