RYSIX vs. AVALX

Last updated Jun 25, 2026

RYSIX (Rydex Electronics Fund) and AVALX (Aegis Value Fund) are both mutual funds - RYSIX is a Technology Equities fund managed by Rydex Funds, while AVALX is a Small Cap Value Equities fund managed by Aegis. Over the past 10 years, RYSIX returned 32.16%/yr vs 19.80%/yr for AVALX. A 0.51 correlation means they provide meaningful diversification when combined. RYSIX charges 1.36%/yr vs 1.50%/yr for AVALX.

Performance

RYSIX vs. AVALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Electronics Fund (RYSIX) and Aegis Value Fund (AVALX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYSIX achieves a 83.61% return, which is significantly higher than AVALX's 12.78% return. Over the past 10 years, RYSIX has outperformed AVALX with an annualized return of 32.16%, while AVALX has yielded a comparatively lower 19.80% annualized return.

RYSIX

• 1D: -7.29%
• 1M: 7.35%
• YTD: 83.61%
• 6M: 80.27%
• 1Y: 142.70%
• 3Y*: 51.98%
• 5Y*: 31.36%
• 10Y*: 32.16%

AVALX

• 1D: -1.52%
• 1M: -6.29%
• YTD: 12.78%
• 6M: 12.24%
• 1Y: 49.94%
• 3Y*: 30.46%
• 5Y*: 20.66%
• 10Y*: 19.80%

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

RYSIX vs. AVALX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYSIX Rydex Electronics Fund	83.61%	42.02%	16.66%	55.69%	-32.46%	38.65%	56.73%	59.80%	-12.42%	31.62%
AVALX Aegis Value Fund	12.78%	67.06%	8.29%	13.11%	10.50%	37.67%	18.89%	25.67%	-16.95%	17.37%

Correlation

The correlation between RYSIX and AVALX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Jan 4, 1999	0.51

The correlation between RYSIX and AVALX shifts across timeframes, from 0.37 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RYSIX vs. AVALX — Risk / Return Rank

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

RYSIX

RYSIX Risk / Return Rank: 95
RYSIX Sharpe Ratio Rank: 99
RYSIX Sortino Ratio Rank: 90
RYSIX Omega Ratio Rank: 88
RYSIX Calmar Ratio Rank: 99
RYSIX Martin Ratio Rank: 98

AVALX

AVALX Risk / Return Rank: 88
AVALX Sharpe Ratio Rank: 91
AVALX Sortino Ratio Rank: 80
AVALX Omega Ratio Rank: 80
AVALX Calmar Ratio Rank: 96
AVALX Martin Ratio Rank: 94

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.

RYSIX vs. AVALX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Electronics Fund (RYSIX) and Aegis Value Fund (AVALX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RYSIX	AVALX	Difference
Sharpe ratio: Return per unit of total volatility	4.11	2.81	+1.30
Sortino ratio: Return per unit of downside risk	4.07	3.46	+0.61
Omega ratio: Gain probability vs. loss probability	1.58	1.48	+0.10
Calmar ratio: Return relative to maximum drawdown	10.30	5.85	+4.45
Martin ratio: Return relative to average drawdown	36.46	19.13	+17.33

RYSIX vs. AVALX - Sharpe Ratio Comparison

The current RYSIX Sharpe Ratio is 4.11, which is higher than the AVALX Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of RYSIX and AVALX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RYSIX vs. AVALX - Drawdown Comparison

The maximum RYSIX drawdown since its inception was -88.66%, which is greater than AVALX's maximum drawdown of -73.72%. Use the drawdown chart below to compare losses from any high point for RYSIX and AVALX.

Drawdown Indicators

	RYSIX	AVALX	Difference
Max Drawdown Largest peak-to-trough decline	-88.66%	-73.72%	-14.94%
Max Drawdown (1Y) Largest decline over 1 year	-14.87%	-8.32%	-6.55%
Max Drawdown (3Y) Largest decline over 3 years	-40.57%	-13.59%	-26.98%
Max Drawdown (5Y) Largest decline over 5 years	-43.80%	-32.00%	-11.80%
Max Drawdown (10Y) Largest decline over 10 years	-43.80%	-48.34%	+4.54%
Current Drawdown Current decline from peak	-7.29%	-8.09%	+0.80%
Average Drawdown Average peak-to-trough decline	-49.61%	-10.93%	-38.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.19%	2.54%	+1.65%

Volatility

RYSIX vs. AVALX - Volatility Comparison

Rydex Electronics Fund (RYSIX) has a higher volatility of 20.65% compared to Aegis Value Fund (AVALX) at 5.64%. This indicates that RYSIX's price experiences larger fluctuations and is considered to be riskier than AVALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYSIX	AVALX	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.65%	5.64%	+15.01%
Volatility (6M) Calculated over the trailing 6-month period	30.97%	13.40%	+17.57%
Volatility (1Y) Calculated over the trailing 1-year period	37.28%	17.42%	+19.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.03%	22.29%	+14.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.04%	22.18%	+11.86%

RYSIX vs. AVALX - Expense Ratio Comparison

RYSIX has a 1.36% expense ratio, which is lower than AVALX's 1.50% expense ratio.

Dividends

RYSIX vs. AVALX - Dividend Comparison

RYSIX's dividend yield for the trailing twelve months is around 1.76%, less than AVALX's 2.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVALX Aegis Value Fund	2.07%	2.34%	7.07%	2.23%	0.16%	0.00%	6.62%	2.36%	6.18%	0.00%	1.45%	0.04%
RYSIX Rydex Electronics Fund	1.76%	3.24%	1.73%	0.00%	0.00%	3.34%	2.04%	0.01%	10.18%	0.05%	0.00%	0.16%

Frequently Asked Questions

Can I hold both RYSIX and AVALX in my portfolio?

RYSIX and AVALX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYSIX or AVALX?

RYSIX has higher volatility (20.65%) compared to AVALX (5.64%). In terms of maximum drawdown, RYSIX dropped -88.66% vs AVALX's -73.72%.

Which has better risk-adjusted returns?

RYSIX currently has the higher Sharpe Ratio (4.11 vs 2.81), 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.