RYTIX vs. AAIZX
RYTIX (Rydex Technology Fund) and AAIZX (Alger AI Enablers & Adopters Z) are both Technology Equities funds. Over the past year, RYTIX returned 61.38% vs 63.75% for AAIZX. Their correlation of 0.89 suggests significant overlap in exposure. RYTIX charges 1.36%/yr vs 0.55%/yr for AAIZX.
Performance
RYTIX vs. AAIZX - Performance Comparison
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Returns By Period
In the year-to-date period, RYTIX achieves a 33.67% return, which is significantly higher than AAIZX's 28.62% return.
RYTIX
- 1D
- 2.49%
- 1M
- 5.36%
- YTD
- 33.67%
- 6M
- 31.11%
- 1Y
- 61.38%
- 3Y*
- 34.85%
- 5Y*
- 18.22%
- 10Y*
- 22.87%
AAIZX
- 1D
- 2.49%
- 1M
- 7.35%
- YTD
- 28.62%
- 6M
- 27.00%
- 1Y
- 63.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RYTIX vs. AAIZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RYTIX Rydex Technology Fund | 33.67% | 26.48% | 17.75% |
AAIZX Alger AI Enablers & Adopters Z | 28.62% | 41.00% | 33.76% |
Correlation
The correlation between RYTIX and AAIZX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2024 | 0.89 |
The correlation between RYTIX and AAIZX has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.
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Return for Risk
RYTIX vs. AAIZX — Risk / Return Rank
RYTIX
AAIZX
RYTIX vs. AAIZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Technology Fund (RYTIX) and Alger AI Enablers & Adopters Z (AAIZX). 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.
| RYTIX | AAIZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.41 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 3.58 | +0.27 |
| Martin ratioReturn relative to average drawdown | 12.89 | 10.68 | +2.21 |
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Drawdowns
RYTIX vs. AAIZX - Drawdown Comparison
The maximum RYTIX drawdown since its inception was -84.00%, which is greater than AAIZX's maximum drawdown of -29.00%. Use the drawdown chart below to compare losses from any high point for RYTIX and AAIZX.
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Drawdown Indicators
| RYTIX | AAIZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.00% | -29.00% | -55.00% |
Max Drawdown (1Y)Largest decline over 1 year | -15.67% | -17.47% | +1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -27.91% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -42.75% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.75% | — | — |
Current DrawdownCurrent decline from peak | -4.57% | 0.00% | -4.57% |
Average DrawdownAverage peak-to-trough decline | -40.13% | -4.97% | -35.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.67% | 5.84% | -1.17% |
Volatility
RYTIX vs. AAIZX - Volatility Comparison
Rydex Technology Fund (RYTIX) has a higher volatility of 11.90% compared to Alger AI Enablers & Adopters Z (AAIZX) at 9.98%. This indicates that RYTIX's price experiences larger fluctuations and is considered to be riskier than AAIZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYTIX | AAIZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.90% | 9.98% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 20.14% | 18.79% | +1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.32% | 23.92% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.05% | 27.83% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.47% | 27.83% | -2.36% |
RYTIX vs. AAIZX - Expense Ratio Comparison
RYTIX has a 1.36% expense ratio, which is higher than AAIZX's 0.55% expense ratio.
Dividends
RYTIX vs. AAIZX - Dividend Comparison
RYTIX's dividend yield for the trailing twelve months is around 0.77%, less than AAIZX's 4.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AAIZX Alger AI Enablers & Adopters Z | 4.91% | 6.31% | 4.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RYTIX Rydex Technology Fund | 0.77% | 1.03% | 9.00% | 2.46% | 5.17% | 7.24% | 1.62% | 0.92% | 5.39% | 1.35% |
Frequently Asked Questions
RYTIX and AAIZX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYTIX has higher volatility (11.90%) compared to AAIZX (9.98%). In terms of maximum drawdown, RYTIX dropped -84.00% vs AAIZX's -29.00%.
AAIZX currently has the higher Sharpe Ratio (2.61 vs 2.48), 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.
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