RYPMX vs. RYCLX

Last updated Apr 2, 2026

Compare and contrast key facts about Rydex Precious Metals Fund (RYPMX) and Rydex Inverse Mid-Cap Strategy Fund (RYCLX).

RYPMX is managed by Rydex Funds. It was launched on Nov 30, 1993. RYCLX is managed by Rydex Funds. It was launched on Feb 19, 2004.

Performance

RYPMX vs. RYCLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Precious Metals Fund (RYPMX) and Rydex Inverse Mid-Cap Strategy Fund (RYCLX). The values are adjusted to include any dividend payments, if applicable.

RYPMX vs. RYCLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYPMX Rydex Precious Metals Fund	9.00%	148.94%	10.14%	4.24%	-10.57%	-8.96%	34.25%	52.91%	-16.56%	7.04%
RYCLX Rydex Inverse Mid-Cap Strategy Fund	0.49%	-1.04%	-5.59%	-8.75%	8.93%	-24.21%	-25.53%	-21.03%	11.39%	-14.94%

Returns By Period

In the year-to-date period, RYPMX achieves a 9.00% return, which is significantly higher than RYCLX's 0.49% return. Over the past 10 years, RYPMX has outperformed RYCLX with an annualized return of 17.64%, while RYCLX has yielded a comparatively lower -10.42% annualized return.

RYPMX

• 1D: 7.50%
• 1M: -20.71%
• YTD: 9.00%
• 6M: 24.38%
• 1Y: 110.34%
• 3Y*: 41.34%
• 5Y*: 21.32%
• 10Y*: 17.64%

RYCLX

• 1D: 0.86%
• 1M: 8.76%
• YTD: 0.49%
• 6M: 1.69%
• 1Y: -8.64%
• 3Y*: -4.16%
• 5Y*: -3.97%
• 10Y*: -10.42%

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

RYPMX vs. RYCLX - Expense Ratio Comparison

RYPMX has a 1.26% expense ratio, which is lower than RYCLX's 2.39% expense ratio.

RYCLX

Rydex Inverse Mid-Cap Strategy Fund

RYPMX

Rydex Precious Metals Fund

Return for Risk

RYPMX vs. RYCLX — Risk / Return Rank

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

RYPMX

RYPMX Risk / Return Rank: 92
RYPMX Sharpe Ratio Rank: 96
RYPMX Sortino Ratio Rank: 89
RYPMX Omega Ratio Rank: 87
RYPMX Calmar Ratio Rank: 96
RYPMX Martin Ratio Rank: 94

RYCLX

RYCLX Risk / Return Rank: 3
RYCLX Sharpe Ratio Rank: 2
RYCLX Sortino Ratio Rank: 2
RYCLX Omega Ratio Rank: 2
RYCLX Calmar Ratio Rank: 3
RYCLX Martin Ratio Rank: 4

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.

RYPMX vs. RYCLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Precious Metals Fund (RYPMX) and Rydex Inverse Mid-Cap Strategy Fund (RYCLX). 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.

	RYPMX	RYCLX	Difference
Sharpe ratio Return per unit of total volatility	2.40	-0.42	+2.83
Sortino ratio Return per unit of downside risk	2.58	-0.46	+3.03
Omega ratio Gain probability vs. loss probability	1.38	0.94	+0.44
Calmar ratio Return relative to maximum drawdown	3.59	-0.27	+3.86
Martin ratio Return relative to average drawdown	13.15	-0.36	+13.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYPMX vs. RYCLX - Sharpe Ratio Comparison

The current RYPMX Sharpe Ratio is 2.40, which is higher than the RYCLX Sharpe Ratio of -0.42. The chart below compares the historical Sharpe Ratios of RYPMX and RYCLX, 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

	RYPMX	RYCLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	-0.42	+2.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	-0.19	+0.78
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	-0.49	+0.96
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	-0.53	+0.61

Correlation

The correlation between RYPMX and RYCLX is -0.32. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

RYPMX vs. RYCLX - Dividend Comparison

RYPMX's dividend yield for the trailing twelve months is around 2.76%, less than RYCLX's 32.85% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYPMX Rydex Precious Metals Fund	2.76%	3.01%	0.00%	3.51%	7.15%	6.39%	1.06%	2.08%	1.35%	5.53%	4.04%	0.58%
RYCLX Rydex Inverse Mid-Cap Strategy Fund	32.85%	33.01%	25.75%	9.12%	0.00%	0.00%	0.76%	0.89%	0.00%	0.00%	0.00%	0.00%

Drawdowns

RYPMX vs. RYCLX - Drawdown Comparison

The maximum RYPMX drawdown since its inception was -81.25%, smaller than the maximum RYCLX drawdown of -95.37%. Use the drawdown chart below to compare losses from any high point for RYPMX and RYCLX.

Drawdown Indicators

	RYPMX	RYCLX	Difference
Max Drawdown Largest peak-to-trough decline	-81.25%	-95.37%	+14.12%
Max Drawdown (1Y) Largest decline over 1 year	-30.86%	-26.30%	-4.56%
Max Drawdown (5Y) Largest decline over 5 years	-46.83%	-30.60%	-16.23%
Max Drawdown (10Y) Largest decline over 10 years	-47.81%	-70.37%	+22.56%
Current Drawdown Current decline from peak	-21.00%	-94.92%	+73.92%
Average Drawdown Average peak-to-trough decline	-40.48%	-69.97%	+29.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.43%	19.44%	-11.01%

Volatility

RYPMX vs. RYCLX - Volatility Comparison

Rydex Precious Metals Fund (RYPMX) has a higher volatility of 18.25% compared to Rydex Inverse Mid-Cap Strategy Fund (RYCLX) at 5.70%. This indicates that RYPMX's price experiences larger fluctuations and is considered to be riskier than RYCLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYPMX	RYCLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.25%	5.70%	+12.55%
Volatility (6M) Calculated over the trailing 6-month period	38.56%	11.51%	+27.05%
Volatility (1Y) Calculated over the trailing 1-year period	46.16%	20.92%	+25.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.44%	20.52%	+15.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.32%	21.42%	+15.90%