RYTNX vs. RYGBX
RYTNX (Rydex S&P 500 2x Strategy Fund) and RYGBX (Rydex Government Long Bond 1.2x Strategy Fund) are both mutual funds - RYTNX is a Leveraged Equities fund managed by Rydex Funds, while RYGBX is a Leveraged Bonds fund managed by Rydex Funds. Over the past 10 years, RYTNX returned 21.81%/yr vs -5.63%/yr for RYGBX. Their -0.25 correlation means they have often moved in opposite directions in the past. RYTNX charges 1.82%/yr vs 0.99%/yr for RYGBX.
Performance
RYTNX vs. RYGBX - Performance Comparison
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Returns By Period
In the year-to-date period, RYTNX achieves a 15.52% return, which is significantly higher than RYGBX's -6.07% return. Over the past 10 years, RYTNX has outperformed RYGBX with an annualized return of 21.81%, while RYGBX has yielded a comparatively lower -5.63% annualized return.
RYTNX
- 1D
- 1.37%
- 1M
- -0.24%
- 6M
- 11.77%
- YTD
- 15.52%
- 1Y
- 35.71%
- 3Y*
- 29.42%
- 5Y*
- 15.62%
- 10Y*
- 21.81%
- ALL TIME*
- 9.50%
RYGBX
- 1D
- -0.82%
- 1M
- -4.90%
- 6M
- -4.91%
- YTD
- -6.07%
- 1Y
- -5.14%
- 3Y*
- -5.38%
- 5Y*
- -13.27%
- 10Y*
- -5.63%
- ALL TIME*
- 1.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RYTNX vs. RYGBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYTNX Rydex S&P 500 2x Strategy Fund | 15.52% | 24.88% | 41.95% | 45.20% | -39.32% | 55.55% | 20.31% | 62.29% | -15.06% | 42.95% |
RYGBX Rydex Government Long Bond 1.2x Strategy Fund | -6.07% | 2.19% | -12.81% | -1.05% | -40.90% | -7.28% | 21.93% | 17.50% | -5.20% | 9.93% |
Correlation
The correlation between RYTNX and RYGBX is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.09 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | -0.25 |
The correlation between RYTNX and RYGBX shifts across timeframes, from -0.25 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RYTNX vs. RYGBX — Risk / Return Rank
RYTNX
RYGBX
RYTNX vs. RYGBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex S&P 500 2x Strategy Fund (RYTNX) and Rydex Government Long Bond 1.2x Strategy Fund (RYGBX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RYTNX | RYGBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.95 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | -0.35 | +2.06 |
| Martin ratioReturn relative to average drawdown | 6.83 | -0.76 | +7.59 |
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Drawdowns
RYTNX vs. RYGBX - Drawdown Comparison
The maximum RYTNX drawdown since its inception was -86.64%, which is greater than RYGBX's maximum drawdown of -62.42%. Use the drawdown chart below to compare losses from any high point for RYTNX and RYGBX.
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Drawdown Indicators
| RYTNX | RYGBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.64% | -62.42% | -24.22% |
Max Drawdown (1Y)Largest decline over 1 year | -18.43% | -10.47% | -7.96% |
Max Drawdown (3Y)Largest decline over 3 years | -35.36% | -19.21% | -16.15% |
Max Drawdown (5Y)Largest decline over 5 years | -47.01% | -55.36% | +8.35% |
Max Drawdown (10Y)Largest decline over 10 years | -59.23% | -62.42% | +3.19% |
Current DrawdownCurrent decline from peak | -4.14% | -60.92% | +56.78% |
Average DrawdownAverage peak-to-trough decline | -28.38% | -19.71% | -8.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.60% | 4.79% | -0.19% |
Volatility
RYTNX vs. RYGBX - Volatility Comparison
Rydex S&P 500 2x Strategy Fund (RYTNX) has a higher volatility of 7.02% compared to Rydex Government Long Bond 1.2x Strategy Fund (RYGBX) at 2.93%. This indicates that RYTNX's price experiences larger fluctuations and is considered to be riskier than RYGBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYTNX | RYGBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 2.93% | +4.09% |
Volatility (6M)Calculated over the trailing 6-month period | 20.20% | 7.96% | +12.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.70% | 10.87% | +14.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.97% | 19.53% | +14.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.17% | 19.18% | +16.99% |
RYTNX vs. RYGBX - Expense Ratio Comparison
RYTNX has a 1.82% expense ratio, which is higher than RYGBX's 0.99% expense ratio.
Dividends
RYTNX vs. RYGBX - Dividend Comparison
RYTNX's dividend yield for the trailing twelve months is around 4.15%, more than RYGBX's 3.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYGBX Rydex Government Long Bond 1.2x Strategy Fund | 3.75% | 3.59% | 2.89% | 2.70% | 1.69% | 0.71% | 46.47% | 5.00% | 1.51% | 1.45% | 5.62% | 2.07% |
RYTNX Rydex S&P 500 2x Strategy Fund | 4.15% | 4.79% | 5.45% | 0.14% | 0.00% | 0.14% | 0.69% | 1.84% | 0.00% | 5.84% | 0.16% | 1.52% |
Frequently Asked Questions
RYTNX and RYGBX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYTNX has higher volatility (7.02%) compared to RYGBX (2.93%). In terms of maximum drawdown, RYTNX dropped -86.64% vs RYGBX's -62.42%.
RYTNX currently has the higher Sharpe Ratio (1.22 vs -0.34), 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.
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