RYRUX vs. UTG

Last updated Jun 4, 2026

RYRUX (Rydex Russell 2000 2x Strategy Fund) is Leveraged Equities fund managed by Rydex Funds, while UTG (Reaves Utility Income Trust) is a stock. Over the past 10 years, RYRUX returned 11.45%/yr vs 10.70%/yr for UTG. At a 0.43 correlation, their price movements are largely independent.

Performance

RYRUX vs. UTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Russell 2000 2x Strategy Fund (RYRUX) and Reaves Utility Income Trust (UTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYRUX achieves a 34.87% return, which is significantly higher than UTG's 16.83% return. Over the past 10 years, RYRUX has outperformed UTG with an annualized return of 11.45%, while UTG has yielded a comparatively lower 10.70% annualized return.

RYRUX

• 1D: 1.80%
• 1M: 9.40%
• YTD: 34.87%
• 6M: 31.04%
• 1Y: 79.78%
• 3Y*: 25.49%
• 5Y*: 1.57%
• 10Y*: 11.45%

UTG

• 1D: -0.12%
• 1M: -2.28%
• YTD: 16.83%
• 6M: 14.83%
• 1Y: 27.73%
• 3Y*: 24.38%
• 5Y*: 11.47%
• 10Y*: 10.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RYRUX vs. UTG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYRUX Rydex Russell 2000 2x Strategy Fund	34.87%	12.62%	10.94%	22.65%	-43.88%	20.72%	16.41%	47.20%	-26.63%	25.55%
UTG Reaves Utility Income Trust	16.83%	23.24%	28.10%	2.84%	-13.38%	14.26%	-5.25%	33.65%	1.84%	6.74%

Correlation

The correlation between RYRUX and UTG is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Jan 4, 2007	0.43

Return for Risk

RYRUX vs. UTG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RYRUX

RYRUX Risk / Return Rank: 58
RYRUX Sharpe Ratio Rank: 58
RYRUX Sortino Ratio Rank: 45
RYRUX Omega Ratio Rank: 39
RYRUX Calmar Ratio Rank: 82
RYRUX Martin Ratio Rank: 68

UTG

UTG Risk / Return Rank: 78
UTG Sharpe Ratio Rank: 84
UTG Sortino Ratio Rank: 77
UTG Omega Ratio Rank: 77
UTG Calmar Ratio Rank: 77
UTG Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RYRUX vs. UTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Russell 2000 2x Strategy Fund (RYRUX) and Reaves Utility Income Trust (UTG). 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.

	RYRUX	UTG	Difference
Sharpe ratio: Return per unit of total volatility	2.25	1.67	+0.57
Sortino ratio: Return per unit of downside risk	2.83	2.16	+0.67
Omega ratio: Gain probability vs. loss probability	1.33	1.29	+0.05
Calmar ratio: Return relative to maximum drawdown	3.84	2.40	+1.43
Martin ratio: Return relative to average drawdown	13.07	5.36	+7.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYRUX vs. UTG - Sharpe Ratio Comparison

The current RYRUX Sharpe Ratio is 2.25, which is higher than the UTG Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of RYRUX and UTG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RYRUX	UTG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	1.67	+0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	0.69	-0.65
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	0.50	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.48	-0.37

Drawdowns

RYRUX vs. UTG - Drawdown Comparison

The maximum RYRUX drawdown since its inception was -88.49%, which is greater than UTG's maximum drawdown of -67.77%. Use the drawdown chart below to compare losses from any high point for RYRUX and UTG.

Drawdown Indicators

	RYRUX	UTG	Difference
Max Drawdown Largest peak-to-trough decline	-88.49%	-67.77%	-20.72%
Max Drawdown (1Y) Largest decline over 1 year	-22.39%	-11.59%	-10.80%
Max Drawdown (3Y) Largest decline over 3 years	-49.91%	-15.03%	-34.88%
Max Drawdown (5Y) Largest decline over 5 years	-62.41%	-26.54%	-35.87%
Max Drawdown (10Y) Largest decline over 10 years	-71.68%	-47.91%	-23.77%
Current Drawdown Current decline from peak	-4.46%	-3.53%	-0.93%
Average Drawdown Average peak-to-trough decline	-31.30%	-8.74%	-22.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.56%	5.18%	+1.38%

Volatility

RYRUX vs. UTG - Volatility Comparison

Rydex Russell 2000 2x Strategy Fund (RYRUX) has a higher volatility of 11.17% compared to Reaves Utility Income Trust (UTG) at 6.08%. This indicates that RYRUX's price experiences larger fluctuations and is considered to be riskier than UTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYRUX	UTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.17%	6.08%	+5.09%
Volatility (6M) Calculated over the trailing 6-month period	27.10%	12.74%	+14.36%
Volatility (1Y) Calculated over the trailing 1-year period	38.24%	16.65%	+21.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.10%	16.80%	+28.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.87%	21.59%	+25.28%

Dividends

RYRUX vs. UTG - Dividend Comparison

RYRUX's dividend yield for the trailing twelve months is around 2.73%, less than UTG's 5.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYRUX Rydex Russell 2000 2x Strategy Fund	2.73%	3.68%	2.93%	0.35%	0.00%	0.20%	0.00%	0.27%	0.00%	2.57%	0.00%	28.79%
UTG Reaves Utility Income Trust	5.70%	6.42%	7.19%	8.53%	8.07%	6.35%	6.59%	5.69%	6.86%	6.21%	9.02%	6.86%

Frequently Asked Questions

Can I hold both RYRUX and UTG in my portfolio?

RYRUX and UTG have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYRUX or UTG?

RYRUX has higher volatility (11.17%) compared to UTG (6.08%). In terms of maximum drawdown, RYRUX dropped -88.49% vs UTG's -67.77%.

Which has better risk-adjusted returns?

RYRUX currently has the higher Sharpe Ratio (2.25 vs 1.67), 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.