RYRRX vs. SPY
Compare and contrast key facts about Rydex Russell 2000 Fund (RYRRX) and State Street SPDR S&P 500 ETF (SPY).
RYRRX is managed by Rydex Funds. It was launched on May 31, 2006. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
RYRRX vs. SPY - Performance Comparison
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RYRRX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYRRX Rydex Russell 2000 Fund | 0.29% | 10.88% | 9.72% | 15.17% | -21.70% | 13.23% | 17.81% | 23.57% | -12.58% | 12.88% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, RYRRX achieves a 0.29% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, RYRRX has underperformed SPY with an annualized return of 8.03%, while SPY has yielded a comparatively higher 14.06% annualized return.
RYRRX
- 1D
- 3.45%
- 1M
- -6.04%
- YTD
- 0.29%
- 6M
- 1.75%
- 1Y
- 23.38%
- 3Y*
- 11.12%
- 5Y*
- 1.79%
- 10Y*
- 8.03%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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RYRRX vs. SPY - Expense Ratio Comparison
RYRRX has a 1.60% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
RYRRX vs. SPY — Risk / Return Rank
RYRRX
SPY
RYRRX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Russell 2000 Fund (RYRRX) and State Street SPDR S&P 500 ETF (SPY). 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.
| RYRRX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 0.96 | +0.05 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.49 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.53 | +0.10 |
Martin ratioReturn relative to average drawdown | 5.98 | 7.27 | -1.29 |
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
| RYRRX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 0.96 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.70 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.79 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.56 | -0.33 |
Correlation
The correlation between RYRRX and SPY is 0.85, 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
RYRRX vs. SPY - Dividend Comparison
RYRRX's dividend yield for the trailing twelve months is around 0.65%, less than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYRRX Rydex Russell 2000 Fund | 0.65% | 0.65% | 1.02% | 0.19% | 0.00% | 12.84% | 0.00% | 1.46% | 0.00% | 4.82% | 0.00% | 2.66% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
RYRRX vs. SPY - Drawdown Comparison
The maximum RYRRX drawdown since its inception was -60.36%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RYRRX and SPY.
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Drawdown Indicators
| RYRRX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.36% | -55.19% | -5.17% |
Max Drawdown (1Y)Largest decline over 1 year | -13.91% | -12.05% | -1.86% |
Max Drawdown (5Y)Largest decline over 5 years | -33.02% | -24.50% | -8.52% |
Max Drawdown (10Y)Largest decline over 10 years | -42.84% | -33.72% | -9.12% |
Current DrawdownCurrent decline from peak | -8.37% | -5.53% | -2.84% |
Average DrawdownAverage peak-to-trough decline | -12.32% | -9.09% | -3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 2.54% | +1.27% |
Volatility
RYRRX vs. SPY - Volatility Comparison
Rydex Russell 2000 Fund (RYRRX) has a higher volatility of 7.50% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that RYRRX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYRRX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.50% | 5.35% | +2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 14.47% | 9.50% | +4.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.29% | 19.06% | +4.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.59% | 17.06% | +5.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.41% | 17.92% | +5.49% |