RYNVX vs. VFV.TO
Compare and contrast key facts about Rydex Nova Fund (RYNVX) and Vanguard S&P 500 Index ETF (VFV.TO).
RYNVX is managed by Rydex Funds. It was launched on Jul 11, 1993. VFV.TO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Nov 2, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYNVX or VFV.TO.
Correlation
The correlation between RYNVX and VFV.TO is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
RYNVX vs. VFV.TO - Performance Comparison
Key characteristics
RYNVX:
1.97
VFV.TO:
3.31
RYNVX:
2.56
VFV.TO:
4.54
RYNVX:
1.36
VFV.TO:
1.63
RYNVX:
1.25
VFV.TO:
4.91
RYNVX:
12.25
VFV.TO:
23.84
RYNVX:
3.03%
VFV.TO:
1.57%
RYNVX:
18.80%
VFV.TO:
11.31%
RYNVX:
-76.54%
VFV.TO:
-27.43%
RYNVX:
-4.61%
VFV.TO:
-1.46%
Returns By Period
In the year-to-date period, RYNVX achieves a 34.13% return, which is significantly lower than VFV.TO's 36.39% return. Over the past 10 years, RYNVX has underperformed VFV.TO with an annualized return of 11.80%, while VFV.TO has yielded a comparatively higher 15.18% annualized return.
RYNVX
34.13%
-0.47%
10.67%
35.00%
10.27%
11.80%
VFV.TO
36.39%
2.78%
14.56%
36.86%
16.58%
15.18%
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RYNVX vs. VFV.TO - Expense Ratio Comparison
RYNVX has a 1.23% expense ratio, which is higher than VFV.TO's 0.09% expense ratio.
Risk-Adjusted Performance
RYNVX vs. VFV.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Nova Fund (RYNVX) and Vanguard S&P 500 Index ETF (VFV.TO). 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.
Dividends
RYNVX vs. VFV.TO - Dividend Comparison
RYNVX has not paid dividends to shareholders, while VFV.TO's dividend yield for the trailing twelve months is around 0.96%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYNVX Rydex Nova Fund | 0.00% | 0.59% | 0.00% | 0.00% | 0.53% | 0.00% | 0.00% | 0.03% | 0.04% | 0.13% | 0.10% | 0.00% |
VFV.TO Vanguard S&P 500 Index ETF | 0.96% | 1.20% | 1.31% | 1.06% | 1.33% | 1.55% | 1.68% | 1.50% | 1.66% | 1.63% | 1.48% | 1.42% |
Drawdowns
RYNVX vs. VFV.TO - Drawdown Comparison
The maximum RYNVX drawdown since its inception was -76.54%, which is greater than VFV.TO's maximum drawdown of -27.43%. Use the drawdown chart below to compare losses from any high point for RYNVX and VFV.TO. For additional features, visit the drawdowns tool.
Volatility
RYNVX vs. VFV.TO - Volatility Comparison
Rydex Nova Fund (RYNVX) has a higher volatility of 5.85% compared to Vanguard S&P 500 Index ETF (VFV.TO) at 3.75%. This indicates that RYNVX's price experiences larger fluctuations and is considered to be riskier than VFV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.