RYTNX vs. IWB
Compare and contrast key facts about Rydex S&P 500 2x Strategy Fund (RYTNX) and iShares Russell 1000 ETF (IWB).
RYTNX is managed by Rydex Funds. It was launched on May 18, 2000. IWB is a passively managed fund by iShares that tracks the performance of the Russell 1000 Index. It was launched on May 15, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYTNX or IWB.
Key characteristics
| RYTNX | IWB | |
|---|---|---|
| YTD Return | 46.50% | 25.67% |
| 1Y Return | 63.25% | 34.14% |
| 3Y Return (Ann) | 9.28% | 9.02% |
| 5Y Return (Ann) | 20.33% | 15.26% |
| 10Y Return (Ann) | 17.58% | 13.00% |
| Sharpe Ratio | 2.63 | 2.81 |
| Sortino Ratio | 3.21 | 3.75 |
| Omega Ratio | 1.45 | 1.53 |
| Calmar Ratio | 2.91 | 4.07 |
| Martin Ratio | 15.94 | 18.22 |
| Ulcer Index | 4.00% | 1.88% |
| Daily Std Dev | 24.28% | 12.24% |
| Max Drawdown | -89.80% | -55.38% |
| Current Drawdown | -1.76% | -0.97% |
Correlation
The correlation between RYTNX and IWB is 0.98, 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. IWB - Performance Comparison
In the year-to-date period, RYTNX achieves a 46.50% return, which is significantly higher than IWB's 25.67% return. Over the past 10 years, RYTNX has outperformed IWB with an annualized return of 17.58%, while IWB has yielded a comparatively lower 13.00% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
RYTNX vs. IWB - Expense Ratio Comparison
RYTNX has a 1.82% expense ratio, which is higher than IWB's 0.15% expense ratio.
Risk-Adjusted Performance
RYTNX vs. IWB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex S&P 500 2x Strategy Fund (RYTNX) and iShares Russell 1000 ETF (IWB). 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. IWB - Dividend Comparison
RYTNX's dividend yield for the trailing twelve months is around 0.10%, less than IWB's 1.12% 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% |
IWB iShares Russell 1000 ETF | 1.12% | 1.31% | 1.56% | 1.09% | 1.37% | 1.71% | 2.06% | 1.64% | 1.89% | 1.95% | 1.71% | 1.68% |
Drawdowns
RYTNX vs. IWB - Drawdown Comparison
The maximum RYTNX drawdown since its inception was -89.80%, which is greater than IWB's maximum drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for RYTNX and IWB. For additional features, visit the drawdowns tool.
Volatility
RYTNX vs. IWB - Volatility Comparison
Rydex S&P 500 2x Strategy Fund (RYTNX) has a higher volatility of 7.60% compared to iShares Russell 1000 ETF (IWB) at 3.91%. This indicates that RYTNX's price experiences larger fluctuations and is considered to be riskier than IWB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.