RYOCX vs. ^N225

Last updated Apr 2, 2026

Compare and contrast key facts about Rydex NASDAQ-100 Fund Investor Class (RYOCX) and Nikkei 225 (^N225).

RYOCX is a passively managed fund by Guggenheim that tracks the performance of the NASDAQ-100 Index. It was launched on Feb 14, 1994.

Performance

RYOCX vs. ^N225 - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex NASDAQ-100 Fund Investor Class (RYOCX) and Nikkei 225 (^N225). The values are adjusted to include any dividend payments, if applicable.

RYOCX vs. ^N225 - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYOCX Rydex NASDAQ-100 Fund Investor Class	-6.11%	19.51%	24.34%	53.31%	-33.34%	25.85%	46.80%	40.33%	-1.36%	31.20%
^N225 Nikkei 225	-0.20%	26.56%	7.17%	19.21%	-20.48%	-5.90%	22.42%	19.73%	-10.20%	23.76%

Different Trading Currencies

RYOCX is traded in USD, while ^N225 is traded in JPY. To make them comparable, the ^N225 values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, RYOCX achieves a -6.11% return, which is significantly lower than ^N225's -0.06% return. Over the past 10 years, RYOCX has outperformed ^N225 with an annualized return of 17.78%, while ^N225 has yielded a comparatively lower 8.30% annualized return.

RYOCX

• 1D: 3.42%
• 1M: -5.04%
• YTD: -6.11%
• 6M: -4.56%
• 1Y: 21.46%
• 3Y*: 21.11%
• 5Y*: 11.68%
• 10Y*: 17.78%

^N225

• 1D: 0.00%
• 1M: -12.84%
• YTD: -0.06%
• 6M: 6.16%
• 1Y: 35.11%
• 3Y*: 14.74%
• 5Y*: 3.57%
• 10Y*: 8.30%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

RYOCX vs. ^N225 — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RYOCX

RYOCX Risk / Return Rank: 59
RYOCX Sharpe Ratio Rank: 49
RYOCX Sortino Ratio Rank: 56
RYOCX Omega Ratio Rank: 52
RYOCX Calmar Ratio Rank: 72
RYOCX Martin Ratio Rank: 65

^N225

^N225 Risk / Return Rank: 92
^N225 Sharpe Ratio Rank: 94
^N225 Sortino Ratio Rank: 97
^N225 Omega Ratio Rank: 94
^N225 Calmar Ratio Rank: 87
^N225 Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RYOCX vs. ^N225 - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex NASDAQ-100 Fund Investor Class (RYOCX) and Nikkei 225 (^N225). 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.

	RYOCX	^N225	Difference
Sharpe ratio Return per unit of total volatility	0.99	1.25	-0.26
Sortino ratio Return per unit of downside risk	1.56	1.91	-0.36
Omega ratio Gain probability vs. loss probability	1.22	1.25	-0.02
Calmar ratio Return relative to maximum drawdown	1.76	1.74	+0.02
Martin ratio Return relative to average drawdown	6.38	6.12	+0.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYOCX vs. ^N225 - Sharpe Ratio Comparison

The current RYOCX Sharpe Ratio is 0.99, which is comparable to the ^N225 Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of RYOCX and ^N225, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RYOCX	^N225	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	1.25	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.16	+0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.40	+0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.19	+0.33

Correlation

The correlation between RYOCX and ^N225 is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

RYOCX vs. ^N225 - Drawdown Comparison

The maximum RYOCX drawdown since its inception was -83.75%, which is greater than ^N225's maximum drawdown of -52.37%. Use the drawdown chart below to compare losses from any high point for RYOCX and ^N225.

Drawdown Indicators

	RYOCX	^N225	Difference
Max Drawdown Largest peak-to-trough decline	-83.75%	-81.87%	-1.88%
Max Drawdown (1Y) Largest decline over 1 year	-12.75%	-13.23%	+0.48%
Max Drawdown (5Y) Largest decline over 5 years	-38.04%	-26.26%	-11.78%
Max Drawdown (10Y) Largest decline over 10 years	-38.04%	-31.80%	-6.24%
Current Drawdown Current decline from peak	-9.31%	-7.92%	-1.39%
Average Drawdown Average peak-to-trough decline	-32.05%	-34.31%	+2.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.52%	4.61%	-1.09%

Volatility

RYOCX vs. ^N225 - Volatility Comparison

The current volatility for Rydex NASDAQ-100 Fund Investor Class (RYOCX) is 6.57%, while Nikkei 225 (^N225) has a volatility of 9.66%. This indicates that RYOCX experiences smaller price fluctuations and is considered to be less risky than ^N225 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYOCX	^N225	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.57%	9.66%	-3.09%
Volatility (6M) Calculated over the trailing 6-month period	12.88%	18.72%	-5.84%
Volatility (1Y) Calculated over the trailing 1-year period	22.75%	28.11%	-5.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.79%	23.18%	-0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.58%	21.27%	+1.31%