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.
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
Key characteristics
RYTNX:
0.01
DXSLX:
-0.17
RYTNX:
0.28
DXSLX:
0.00
RYTNX:
1.04
DXSLX:
1.00
RYTNX:
0.01
DXSLX:
-0.16
RYTNX:
0.04
DXSLX:
-0.56
RYTNX:
8.49%
DXSLX:
10.76%
RYTNX:
37.94%
DXSLX:
35.63%
RYTNX:
-89.80%
DXSLX:
-89.55%
RYTNX:
-28.16%
DXSLX:
-30.24%
Returns By Period
In the year-to-date period, RYTNX achieves a -22.26% return, which is significantly lower than DXSLX's -18.55% return. Over the past 10 years, RYTNX has outperformed DXSLX with an annualized return of 15.31%, while DXSLX has yielded a comparatively lower 11.43% annualized return.
RYTNX
-22.26%
-15.26%
-22.87%
2.00%
20.90%
15.31%
DXSLX
-18.55%
-12.49%
-25.98%
-4.65%
16.81%
11.43%
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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 Rank
RYTNX
DXSLX
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 7.00%, more than DXSLX's 2.25% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYTNX Rydex S&P 500 2x Strategy Fund | 7.00% | 5.45% | 0.14% | 0.00% | 2.16% | 0.69% | 1.84% | 0.00% | 5.84% | 0.16% | 1.52% | 2.25% |
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | 2.25% | 0.52% | 0.00% | 0.00% | 0.00% | 0.69% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% |
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 26.95% compared to Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) at 25.01%. 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.