RYTNX vs. FCNKX
Compare and contrast key facts about Rydex S&P 500 2x Strategy Fund (RYTNX) and Fidelity Contrafund Fund (FCNKX).
RYTNX is managed by Rydex Funds. It was launched on May 18, 2000. FCNKX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYTNX or FCNKX.
Key characteristics
| RYTNX | FCNKX | |
|---|---|---|
| YTD Return | 46.50% | 36.52% |
| 1Y Return | 63.25% | 39.61% |
| 3Y Return (Ann) | 9.28% | 2.77% |
| 5Y Return (Ann) | 20.33% | 10.72% |
| 10Y Return (Ann) | 17.58% | 9.04% |
| Sharpe Ratio | 2.63 | 2.53 |
| Sortino Ratio | 3.21 | 3.42 |
| Omega Ratio | 1.45 | 1.47 |
| Calmar Ratio | 2.91 | 1.65 |
| Martin Ratio | 15.94 | 15.63 |
| Ulcer Index | 4.00% | 2.51% |
| Daily Std Dev | 24.28% | 15.48% |
| Max Drawdown | -89.80% | -46.44% |
| Current Drawdown | -1.76% | -0.90% |
Correlation
The correlation between RYTNX and FCNKX is 0.93, 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. FCNKX - Performance Comparison
In the year-to-date period, RYTNX achieves a 46.50% return, which is significantly higher than FCNKX's 36.52% return. Over the past 10 years, RYTNX has outperformed FCNKX with an annualized return of 17.58%, while FCNKX has yielded a comparatively lower 9.04% 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. FCNKX - Expense Ratio Comparison
RYTNX has a 1.82% expense ratio, which is higher than FCNKX's 0.74% expense ratio.
Risk-Adjusted Performance
RYTNX vs. FCNKX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex S&P 500 2x Strategy Fund (RYTNX) and Fidelity Contrafund Fund (FCNKX). 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. FCNKX - Dividend Comparison
RYTNX's dividend yield for the trailing twelve months is around 0.10%, less than FCNKX's 0.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYTNX Rydex S&P 500 2x Strategy Fund | 0.10% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FCNKX Fidelity Contrafund Fund | 0.47% | 0.54% | 2.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.18% | 0.40% | 0.41% | 7.77% | 8.11% |
Drawdowns
RYTNX vs. FCNKX - Drawdown Comparison
The maximum RYTNX drawdown since its inception was -89.80%, which is greater than FCNKX's maximum drawdown of -46.44%. Use the drawdown chart below to compare losses from any high point for RYTNX and FCNKX. For additional features, visit the drawdowns tool.
Volatility
RYTNX vs. FCNKX - Volatility Comparison
Rydex S&P 500 2x Strategy Fund (RYTNX) has a higher volatility of 7.60% compared to Fidelity Contrafund Fund (FCNKX) at 4.46%. This indicates that RYTNX's price experiences larger fluctuations and is considered to be riskier than FCNKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.