RYTNX vs. DXSLX
Compare and contrast key facts about Rydex S&P 500 2x Strategy Fund (RYTNX) and Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX).
RYTNX is managed by Rydex Funds. It was launched on May 18, 2000. DXSLX is a passively managed fund by Direxion that tracks the performance of the . It was launched on May 1, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYTNX or DXSLX.
Key characteristics
| RYTNX | DXSLX | |
|---|---|---|
| YTD Return | 46.50% | 41.23% |
| 1Y Return | 63.25% | 55.21% |
| 3Y Return (Ann) | 9.28% | 5.85% |
| 5Y Return (Ann) | 20.33% | 19.58% |
| 10Y Return (Ann) | 17.58% | 15.22% |
| Sharpe Ratio | 2.63 | 2.62 |
| Sortino Ratio | 3.21 | 3.27 |
| Omega Ratio | 1.45 | 1.46 |
| Calmar Ratio | 2.91 | 2.29 |
| Martin Ratio | 15.94 | 16.31 |
| Ulcer Index | 4.00% | 3.41% |
| Daily Std Dev | 24.28% | 21.26% |
| Max Drawdown | -89.80% | -89.55% |
| Current Drawdown | -1.76% | -1.50% |
Correlation
The correlation between RYTNX and DXSLX 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
RYTNX vs. DXSLX - Performance Comparison
In the year-to-date period, RYTNX achieves a 46.50% return, which is significantly higher than DXSLX's 41.23% return. Over the past 10 years, RYTNX has outperformed DXSLX with an annualized return of 17.58%, while DXSLX has yielded a comparatively lower 15.22% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RYTNX vs. DXSLX - Expense Ratio Comparison
RYTNX has a 1.82% expense ratio, which is higher than DXSLX's 1.35% expense ratio.
Risk-Adjusted Performance
RYTNX vs. DXSLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex S&P 500 2x Strategy Fund (RYTNX) and Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX). 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
RYTNX vs. DXSLX - Dividend Comparison
RYTNX's dividend yield for the trailing twelve months is around 0.10%, less than DXSLX's 0.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
RYTNX Rydex S&P 500 2x Strategy Fund | 0.10% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | 0.46% | 0.00% | 0.00% | 0.00% | 0.69% | 0.00% | 0.01% |
Drawdowns
RYTNX vs. DXSLX - Drawdown Comparison
The maximum RYTNX drawdown since its inception was -89.80%, roughly equal to the maximum DXSLX drawdown of -89.55%. Use the drawdown chart below to compare losses from any high point for RYTNX and DXSLX. For additional features, visit the drawdowns tool.
Volatility
RYTNX vs. DXSLX - Volatility Comparison
Rydex S&P 500 2x Strategy Fund (RYTNX) has a higher volatility of 7.60% compared to Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) at 6.58%. This indicates that RYTNX's price experiences larger fluctuations and is considered to be riskier than DXSLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.