Correlation
The correlation between RYRRX and SPY is 0.86, 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. SPY
Compare and contrast key facts about Rydex Russell 2000 Fund (RYRRX) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYRRX or SPY.
Performance
RYRRX vs. SPY - Performance Comparison
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Key characteristics
RYRRX:
0.01
SPY:
0.70
RYRRX:
0.16
SPY:
1.02
RYRRX:
1.02
SPY:
1.15
RYRRX:
-0.01
SPY:
0.68
RYRRX:
-0.03
SPY:
2.57
RYRRX:
10.18%
SPY:
4.93%
RYRRX:
24.49%
SPY:
20.42%
RYRRX:
-60.36%
SPY:
-55.19%
RYRRX:
-15.72%
SPY:
-3.55%
Returns By Period
In the year-to-date period, RYRRX achieves a -7.48% return, which is significantly lower than SPY's 0.87% return. Over the past 10 years, RYRRX has underperformed SPY with an annualized return of 4.83%, while SPY has yielded a comparatively higher 12.73% annualized return.
RYRRX
-7.48%
4.56%
-15.31%
-0.48%
3.35%
7.94%
4.83%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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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.
Risk-Adjusted Performance
RYRRX vs. SPY — Risk-Adjusted Performance Rank
RYRRX
SPY
RYRRX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Russell 2000 Fund (RYRRX) and 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.
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Dividends
RYRRX vs. SPY - Dividend Comparison
RYRRX's dividend yield for the trailing twelve months is around 1.10%, less than SPY's 1.22% 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% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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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Volatility
RYRRX vs. SPY - Volatility Comparison
Rydex Russell 2000 Fund (RYRRX) has a higher volatility of 6.39% compared to SPDR S&P 500 ETF (SPY) at 4.86%. 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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