RYOCX vs. PROVX
Compare and contrast key facts about Rydex NASDAQ-100 Fund Investor Class (RYOCX) and Provident Trust Strategy Fund (PROVX).
RYOCX is a passively managed fund by Guggenheim that tracks the performance of the NASDAQ-100 Index. It was launched on Feb 14, 1994. PROVX is managed by Provident. It was launched on Dec 30, 1986.
Performance
RYOCX vs. PROVX - Performance Comparison
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RYOCX vs. PROVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYOCX Rydex NASDAQ-100 Fund Investor Class | -9.21% | 19.51% | 24.34% | 53.31% | -33.34% | 25.85% | 46.80% | 40.33% | -1.36% | 31.20% |
PROVX Provident Trust Strategy Fund | -7.57% | 13.10% | 19.73% | 17.59% | -22.62% | 31.96% | 19.47% | 25.71% | -1.31% | 29.40% |
Returns By Period
In the year-to-date period, RYOCX achieves a -9.21% return, which is significantly lower than PROVX's -7.57% return. Over the past 10 years, RYOCX has outperformed PROVX with an annualized return of 17.39%, while PROVX has yielded a comparatively lower 11.45% annualized return.
RYOCX
- 1D
- -0.76%
- 1M
- -8.06%
- YTD
- -9.21%
- 6M
- -7.26%
- 1Y
- 18.41%
- 3Y*
- 19.76%
- 5Y*
- 11.33%
- 10Y*
- 17.39%
PROVX
- 1D
- 0.46%
- 1M
- -6.63%
- YTD
- -7.57%
- 6M
- -1.66%
- 1Y
- 8.59%
- 3Y*
- 14.04%
- 5Y*
- 6.85%
- 10Y*
- 11.45%
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RYOCX vs. PROVX - Expense Ratio Comparison
RYOCX has a 1.24% expense ratio, which is higher than PROVX's 0.93% expense ratio.
Return for Risk
RYOCX vs. PROVX — Risk / Return Rank
RYOCX
PROVX
RYOCX vs. PROVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex NASDAQ-100 Fund Investor Class (RYOCX) and Provident Trust Strategy Fund (PROVX). 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 | PROVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 0.69 | +0.13 |
Sortino ratioReturn per unit of downside risk | 1.32 | 1.14 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.14 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.20 | 0.63 | +0.57 |
Martin ratioReturn relative to average drawdown | 4.41 | 2.43 | +1.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RYOCX | PROVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 0.69 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.44 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.71 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.48 | +0.03 |
Correlation
The correlation between RYOCX and PROVX is 0.78, 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.
Dividends
RYOCX vs. PROVX - Dividend Comparison
RYOCX's dividend yield for the trailing twelve months is around 4.71%, less than PROVX's 18.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYOCX Rydex NASDAQ-100 Fund Investor Class | 4.71% | 4.28% | 7.23% | 0.00% | 8.82% | 4.47% | 4.17% | 3.80% | 1.86% | 6.00% | 1.75% | 2.03% |
PROVX Provident Trust Strategy Fund | 18.17% | 16.80% | 6.94% | 4.61% | 19.17% | 0.35% | 9.04% | 4.40% | 5.80% | 1.54% | 1.92% | 7.73% |
Drawdowns
RYOCX vs. PROVX - Drawdown Comparison
The maximum RYOCX drawdown since its inception was -83.75%, which is greater than PROVX's maximum drawdown of -57.65%. Use the drawdown chart below to compare losses from any high point for RYOCX and PROVX.
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Drawdown Indicators
| RYOCX | PROVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.75% | -57.65% | -26.10% |
Max Drawdown (1Y)Largest decline over 1 year | -12.75% | -12.54% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -38.04% | -27.48% | -10.56% |
Max Drawdown (10Y)Largest decline over 10 years | -38.04% | -27.48% | -10.56% |
Current DrawdownCurrent decline from peak | -12.31% | -12.13% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -32.05% | -13.23% | -18.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 3.23% | +0.24% |
Volatility
RYOCX vs. PROVX - Volatility Comparison
Rydex NASDAQ-100 Fund Investor Class (RYOCX) has a higher volatility of 5.40% compared to Provident Trust Strategy Fund (PROVX) at 3.30%. This indicates that RYOCX's price experiences larger fluctuations and is considered to be riskier than PROVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYOCX | PROVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.40% | 3.30% | +2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.43% | 8.49% | +3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.54% | 14.45% | +8.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.75% | 15.56% | +7.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.55% | 16.11% | +6.44% |