RYTIX vs. STPAX

Last updated Jun 4, 2026

RYTIX (Rydex Technology Fund) and STPAX (Saratoga Technology & Communications Portfolio) are both Technology Equities funds. Over the past 10 years, RYTIX returned 23.32%/yr vs 16.95%/yr for STPAX. Their correlation of 0.94 suggests significant overlap in exposure. RYTIX charges 1.36%/yr vs 2.53%/yr for STPAX.

Performance

RYTIX vs. STPAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Technology Fund (RYTIX) and Saratoga Technology & Communications Portfolio (STPAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYTIX achieves a 40.06% return, which is significantly higher than STPAX's 12.85% return. Over the past 10 years, RYTIX has outperformed STPAX with an annualized return of 23.32%, while STPAX has yielded a comparatively lower 16.95% annualized return.

RYTIX

• 1D: 1.30%
• 1M: 21.67%
• YTD: 40.06%
• 6M: 37.65%
• 1Y: 71.40%
• 3Y*: 38.75%
• 5Y*: 20.28%
• 10Y*: 23.32%

STPAX

• 1D: 0.22%
• 1M: 9.87%
• YTD: 12.85%
• 6M: 12.93%
• 1Y: 30.13%
• 3Y*: 22.10%
• 5Y*: 10.94%
• 10Y*: 16.95%

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

RYTIX vs. STPAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYTIX Rydex Technology Fund	40.06%	26.48%	30.01%	49.59%	-36.18%	20.94%	49.87%	40.81%	-1.07%	33.07%
STPAX Saratoga Technology & Communications Portfolio	12.85%	16.20%	20.02%	45.01%	-31.89%	16.54%	26.75%	45.00%	0.06%	27.77%

Correlation

The correlation between RYTIX and STPAX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 5, 1999	0.94

The correlation between RYTIX and STPAX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

RYTIX vs. STPAX — Risk / Return Rank

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

RYTIX

RYTIX Risk / Return Rank: 87
RYTIX Sharpe Ratio Rank: 95
RYTIX Sortino Ratio Rank: 84
RYTIX Omega Ratio Rank: 79
RYTIX Calmar Ratio Rank: 91
RYTIX Martin Ratio Rank: 87

STPAX

STPAX Risk / Return Rank: 34
STPAX Sharpe Ratio Rank: 42
STPAX Sortino Ratio Rank: 35
STPAX Omega Ratio Rank: 37
STPAX Calmar Ratio Rank: 29
STPAX Martin Ratio Rank: 29

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.

RYTIX vs. STPAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Technology Fund (RYTIX) and Saratoga Technology & Communications Portfolio (STPAX). 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.

	RYTIX	STPAX	Difference
Sharpe ratio Return per unit of total volatility	3.33	1.89	+1.44
Sortino ratio Return per unit of downside risk	3.96	2.48	+1.48
Omega ratio Gain probability vs. loss probability	1.52	1.32	+0.19
Calmar ratio Return relative to maximum drawdown	4.74	2.02	+2.72
Martin ratio Return relative to average drawdown	16.70	6.79	+9.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYTIX vs. STPAX - Sharpe Ratio Comparison

The current RYTIX Sharpe Ratio is 3.33, which is higher than the STPAX Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of RYTIX and STPAX, 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

	RYTIX	STPAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.33	1.89	+1.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.51	+0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.93	0.77	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.27	+0.06

Drawdowns

RYTIX vs. STPAX - Drawdown Comparison

The maximum RYTIX drawdown since its inception was -84.00%, smaller than the maximum STPAX drawdown of -94.25%. Use the drawdown chart below to compare losses from any high point for RYTIX and STPAX.

Drawdown Indicators

	RYTIX	STPAX	Difference
Max Drawdown Largest peak-to-trough decline	-84.00%	-94.25%	+10.25%
Max Drawdown (1Y) Largest decline over 1 year	-15.67%	-15.49%	-0.18%
Max Drawdown (3Y) Largest decline over 3 years	-27.91%	-22.78%	-5.13%
Max Drawdown (5Y) Largest decline over 5 years	-42.75%	-37.07%	-5.68%
Max Drawdown (10Y) Largest decline over 10 years	-42.75%	-37.07%	-5.68%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-40.19%	-58.76%	+18.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.43%	4.60%	-0.17%

Volatility

RYTIX vs. STPAX - Volatility Comparison

Rydex Technology Fund (RYTIX) has a higher volatility of 6.65% compared to Saratoga Technology & Communications Portfolio (STPAX) at 4.12%. This indicates that RYTIX's price experiences larger fluctuations and is considered to be riskier than STPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYTIX	STPAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.65%	4.12%	+2.53%
Volatility (6M) Calculated over the trailing 6-month period	17.68%	12.77%	+4.91%
Volatility (1Y) Calculated over the trailing 1-year period	22.28%	16.51%	+5.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.70%	21.68%	+5.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.28%	22.03%	+3.25%

RYTIX vs. STPAX - Expense Ratio Comparison

RYTIX has a 1.36% expense ratio, which is lower than STPAX's 2.53% expense ratio.

Dividends

RYTIX vs. STPAX - Dividend Comparison

RYTIX's dividend yield for the trailing twelve months is around 0.74%, less than STPAX's 15.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYTIX Rydex Technology Fund	0.74%	1.03%	9.00%	2.46%	5.17%	7.24%	1.62%	0.92%	5.39%	1.35%	0.00%	0.00%
STPAX Saratoga Technology & Communications Portfolio	15.33%	17.30%	13.90%	7.63%	22.55%	13.94%	14.21%	12.52%	4.84%	8.32%	9.28%	12.58%

Frequently Asked Questions

Can I hold both RYTIX and STPAX in my portfolio?

RYTIX and STPAX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYTIX or STPAX?

RYTIX has higher volatility (6.65%) compared to STPAX (4.12%). In terms of maximum drawdown, RYTIX dropped -84.00% vs STPAX's -94.25%.

Which has better risk-adjusted returns?

RYTIX currently has the higher Sharpe Ratio (3.33 vs 1.89), 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.