RYNVX vs. VOO
Compare and contrast key facts about Rydex Nova Fund (RYNVX) and Vanguard S&P 500 ETF (VOO).
RYNVX is managed by Rydex Funds. It was launched on Jul 11, 1993. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYNVX or VOO.
Correlation
The correlation between RYNVX and VOO is 1.00, 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. VOO - Performance Comparison
Key characteristics
RYNVX:
0.11
VOO:
0.32
RYNVX:
0.36
VOO:
0.57
RYNVX:
1.05
VOO:
1.08
RYNVX:
0.12
VOO:
0.32
RYNVX:
0.50
VOO:
1.42
RYNVX:
6.39%
VOO:
4.19%
RYNVX:
28.46%
VOO:
18.73%
RYNVX:
-76.54%
VOO:
-33.99%
RYNVX:
-21.20%
VOO:
-13.85%
Returns By Period
In the year-to-date period, RYNVX achieves a -16.18% return, which is significantly lower than VOO's -9.88% return. Over the past 10 years, RYNVX has underperformed VOO with an annualized return of 9.60%, while VOO has yielded a comparatively higher 11.66% annualized return.
RYNVX
-16.18%
-11.03%
-16.29%
4.48%
11.03%
9.60%
VOO
-9.88%
-6.86%
-9.35%
6.85%
14.69%
11.66%
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RYNVX vs. VOO - Expense Ratio Comparison
RYNVX has a 1.23% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
RYNVX vs. VOO — Risk-Adjusted Performance Rank
RYNVX
VOO
RYNVX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Nova Fund (RYNVX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
RYNVX's dividend yield for the trailing twelve months is around 0.79%, less than VOO's 1.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYNVX Rydex Nova Fund | 0.79% | 0.66% | 0.59% | 0.00% | 0.00% | 0.53% | 0.00% | 0.00% | 0.03% | 0.04% | 0.13% | 0.10% |
VOO Vanguard S&P 500 ETF | 1.44% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
RYNVX vs. VOO - Drawdown Comparison
The maximum RYNVX drawdown since its inception was -76.54%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for RYNVX and VOO. For additional features, visit the drawdowns tool.
Volatility
RYNVX vs. VOO - Volatility Comparison
Rydex Nova Fund (RYNVX) has a higher volatility of 20.29% compared to Vanguard S&P 500 ETF (VOO) at 13.31%. This indicates that RYNVX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.