RYRRX vs. UWM
Compare and contrast key facts about Rydex Russell 2000 Fund (RYRRX) and ProShares Ultra Russell2000 (UWM).
RYRRX is managed by Rydex Funds. It was launched on May 31, 2006. UWM is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Index (200%). It was launched on Jan 25, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYRRX or UWM.
Correlation
The correlation between RYRRX and UWM is 0.99, 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.
Performance
RYRRX vs. UWM - Performance Comparison
Key characteristics
RYRRX:
0.47
UWM:
0.27
RYRRX:
0.81
UWM:
0.67
RYRRX:
1.10
UWM:
1.08
RYRRX:
0.31
UWM:
0.22
RYRRX:
1.98
UWM:
1.11
RYRRX:
4.68%
UWM:
9.75%
RYRRX:
19.68%
UWM:
39.60%
RYRRX:
-60.36%
UWM:
-88.21%
RYRRX:
-21.00%
UWM:
-38.16%
Returns By Period
In the year-to-date period, RYRRX achieves a -1.67% return, which is significantly higher than UWM's -3.97% return. Over the past 10 years, RYRRX has underperformed UWM with an annualized return of 3.41%, while UWM has yielded a comparatively higher 5.90% annualized return.
RYRRX
-1.67%
-4.74%
-1.31%
8.74%
2.61%
3.41%
UWM
-3.97%
-9.69%
-5.78%
10.20%
1.14%
5.90%
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RYRRX vs. UWM - Expense Ratio Comparison
RYRRX has a 1.60% expense ratio, which is higher than UWM's 0.95% expense ratio.
Risk-Adjusted Performance
RYRRX vs. UWM — Risk-Adjusted Performance Rank
RYRRX
UWM
RYRRX vs. UWM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Russell 2000 Fund (RYRRX) and ProShares Ultra Russell2000 (UWM). 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.
Dividends
RYRRX vs. UWM - Dividend Comparison
RYRRX's dividend yield for the trailing twelve months is around 1.03%, less than UWM's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYRRX Rydex Russell 2000 Fund | 1.03% | 1.02% | 0.19% | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UWM ProShares Ultra Russell2000 | 1.21% | 1.16% | 0.34% | 0.40% | 0.00% | 0.07% | 0.55% | 0.41% | 0.11% | 0.38% | 0.24% | 0.11% |
Drawdowns
RYRRX vs. UWM - Drawdown Comparison
The maximum RYRRX drawdown since its inception was -60.36%, smaller than the maximum UWM drawdown of -88.21%. Use the drawdown chart below to compare losses from any high point for RYRRX and UWM. For additional features, visit the drawdowns tool.
Volatility
RYRRX vs. UWM - Volatility Comparison
The current volatility for Rydex Russell 2000 Fund (RYRRX) is 4.71%, while ProShares Ultra Russell2000 (UWM) has a volatility of 9.47%. This indicates that RYRRX experiences smaller price fluctuations and is considered to be less risky than UWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.