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:
1.76
VOO:
2.04
RYNVX:
2.31
VOO:
2.72
RYNVX:
1.32
VOO:
1.38
RYNVX:
1.12
VOO:
3.02
RYNVX:
11.12
VOO:
13.60
RYNVX:
2.99%
VOO:
1.88%
RYNVX:
18.90%
VOO:
12.52%
RYNVX:
-76.54%
VOO:
-33.99%
RYNVX:
-6.02%
VOO:
-3.52%
Returns By Period
In the year-to-date period, RYNVX achieves a 32.15% return, which is significantly higher than VOO's 24.65% return. Over the past 10 years, RYNVX has underperformed VOO with an annualized return of 11.72%, while VOO has yielded a comparatively higher 13.02% annualized return.
RYNVX
32.15%
-1.39%
8.29%
32.09%
9.96%
11.72%
VOO
24.65%
-0.29%
7.63%
24.77%
14.57%
13.02%
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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 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 has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.26%.
| 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% |
VOO Vanguard S&P 500 ETF | 0.92% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
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 5.70% compared to Vanguard S&P 500 ETF (VOO) at 3.58%. 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.