Correlation
The correlation between RYRRX and SPLG is 0.87, 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.
RYRRX vs. SPLG
Compare and contrast key facts about Rydex Russell 2000 Fund (RYRRX) and SPDR Portfolio S&P 500 ETF (SPLG).
RYRRX is managed by Rydex Funds. It was launched on May 31, 2006. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYRRX or SPLG.
Performance
RYRRX vs. SPLG - Performance Comparison
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Key characteristics
RYRRX:
0.01
SPLG:
0.73
RYRRX:
0.16
SPLG:
1.04
RYRRX:
1.02
SPLG:
1.15
RYRRX:
-0.01
SPLG:
0.68
RYRRX:
-0.03
SPLG:
2.58
RYRRX:
10.18%
SPLG:
4.93%
RYRRX:
24.49%
SPLG:
19.61%
RYRRX:
-60.36%
SPLG:
-54.52%
RYRRX:
-15.72%
SPLG:
-3.53%
Returns By Period
In the year-to-date period, RYRRX achieves a -7.48% return, which is significantly lower than SPLG's 0.89% return. Over the past 10 years, RYRRX has underperformed SPLG with an annualized return of 4.83%, while SPLG has yielded a comparatively higher 12.72% annualized return.
RYRRX
-7.48%
4.56%
-15.31%
-0.48%
3.35%
7.94%
4.83%
SPLG
0.89%
5.54%
-1.55%
13.29%
14.31%
15.91%
12.72%
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RYRRX vs. SPLG - Expense Ratio Comparison
RYRRX has a 1.60% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
RYRRX vs. SPLG — Risk-Adjusted Performance Rank
RYRRX
SPLG
RYRRX vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Russell 2000 Fund (RYRRX) and SPDR Portfolio S&P 500 ETF (SPLG). 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.
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Dividends
RYRRX vs. SPLG - Dividend Comparison
RYRRX's dividend yield for the trailing twelve months is around 1.10%, less than SPLG's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYRRX Rydex Russell 2000 Fund | 1.10% | 1.02% | 0.19% | 0.00% | 12.84% | 0.00% | 1.46% | 0.00% | 4.82% | 0.00% | 2.63% | 3.41% |
SPLG SPDR Portfolio S&P 500 ETF | 1.29% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
Drawdowns
RYRRX vs. SPLG - Drawdown Comparison
The maximum RYRRX drawdown since its inception was -60.36%, which is greater than SPLG's maximum drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for RYRRX and SPLG.
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Volatility
RYRRX vs. SPLG - Volatility Comparison
Rydex Russell 2000 Fund (RYRRX) has a higher volatility of 6.39% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 4.80%. This indicates that RYRRX's price experiences larger fluctuations and is considered to be riskier than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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