RYRRX vs. RYGBX
RYRRX (Rydex Russell 2000 Fund) and RYGBX (Rydex Government Long Bond 1.2x Strategy Fund) are both mutual funds - RYRRX is a Small Cap Blend Equities fund managed by Rydex Funds, while RYGBX is a Leveraged Bonds fund managed by Rydex Funds. Over the past 10 years, RYRRX returned 8.92%/yr vs -5.56%/yr for RYGBX. Their -0.25 correlation means they have often moved in opposite directions in the past. RYRRX charges 1.60%/yr vs 0.99%/yr for RYGBX.
Performance
RYRRX vs. RYGBX - Performance Comparison
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Returns By Period
In the year-to-date period, RYRRX achieves a 19.70% return, which is significantly higher than RYGBX's -5.72% return. Over the past 10 years, RYRRX has outperformed RYGBX with an annualized return of 8.92%, while RYGBX has yielded a comparatively lower -5.56% annualized return.
RYRRX
- 1D
- 1.72%
- 1M
- -0.59%
- 6M
- 12.31%
- YTD
- 19.70%
- 1Y
- 34.07%
- 3Y*
- 14.71%
- 5Y*
- 6.07%
- 10Y*
- 8.92%
- ALL TIME*
- 6.75%
RYGBX
- 1D
- 0.37%
- 1M
- -4.54%
- 6M
- -4.77%
- YTD
- -5.72%
- 1Y
- -5.07%
- 3Y*
- -4.57%
- 5Y*
- -13.47%
- 10Y*
- -5.56%
- ALL TIME*
- 1.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RYRRX vs. RYGBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYRRX Rydex Russell 2000 Fund | 19.70% | 10.88% | 9.72% | 15.17% | -21.70% | 13.23% | 17.81% | 23.57% | -12.58% | 12.88% |
RYGBX Rydex Government Long Bond 1.2x Strategy Fund | -5.72% | 2.19% | -12.81% | -1.05% | -40.90% | -7.28% | 21.93% | 17.50% | -5.20% | 9.93% |
Correlation
The correlation between RYRRX and RYGBX is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.10 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007 | -0.25 |
The correlation between RYRRX and RYGBX shifts across timeframes, from -0.25 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RYRRX vs. RYGBX — Risk / Return Rank
RYRRX
RYGBX
RYRRX vs. RYGBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Russell 2000 Fund (RYRRX) and Rydex Government Long Bond 1.2x Strategy Fund (RYGBX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RYRRX | RYGBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.37 | ||
| Sortino ratioReturn per unit of downside risk | +3.27 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.94 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | -0.46 | +3.70 |
| Martin ratioReturn relative to average drawdown | 11.44 | -0.99 | +12.44 |
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Drawdowns
RYRRX vs. RYGBX - Drawdown Comparison
The maximum RYRRX drawdown since its inception was -60.36%, roughly equal to the maximum RYGBX drawdown of -62.42%. Use the drawdown chart below to compare losses from any high point for RYRRX and RYGBX.
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Drawdown Indicators
| RYRRX | RYGBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.36% | -62.42% | +2.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.43% | -10.47% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -28.03% | -19.21% | -8.82% |
Max Drawdown (5Y)Largest decline over 5 years | -33.02% | -55.36% | +22.34% |
Max Drawdown (10Y)Largest decline over 10 years | -42.84% | -62.42% | +19.58% |
Current DrawdownCurrent decline from peak | -1.54% | -60.77% | +59.23% |
Average DrawdownAverage peak-to-trough decline | -12.13% | -19.72% | +7.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 4.84% | -1.61% |
Volatility
RYRRX vs. RYGBX - Volatility Comparison
Rydex Russell 2000 Fund (RYRRX) has a higher volatility of 4.21% compared to Rydex Government Long Bond 1.2x Strategy Fund (RYGBX) at 2.99%. This indicates that RYRRX's price experiences larger fluctuations and is considered to be riskier than RYGBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYRRX | RYGBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 2.99% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 7.97% | +6.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.35% | 10.78% | +8.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.55% | 19.53% | +3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.43% | 19.18% | +4.25% |
RYRRX vs. RYGBX - Expense Ratio Comparison
RYRRX has a 1.60% expense ratio, which is higher than RYGBX's 0.99% expense ratio.
Dividends
RYRRX vs. RYGBX - Dividend Comparison
RYRRX's dividend yield for the trailing twelve months is around 0.54%, less than RYGBX's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYGBX Rydex Government Long Bond 1.2x Strategy Fund | 3.73% | 3.59% | 2.89% | 2.70% | 1.69% | 0.71% | 46.47% | 5.00% | 1.51% | 1.45% | 5.62% | 2.07% |
RYRRX Rydex Russell 2000 Fund | 0.54% | 0.65% | 1.02% | 0.19% | 0.00% | 12.84% | 0.00% | 1.46% | 0.00% | 4.82% | 0.00% | 2.66% |
Frequently Asked Questions
RYRRX and RYGBX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYRRX has higher volatility (4.21%) compared to RYGBX (2.99%). In terms of maximum drawdown, RYRRX dropped -60.36% vs RYGBX's -62.42%.
RYRRX currently has the higher Sharpe Ratio (1.92 vs -0.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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