RYTNX vs. SPLG
Compare and contrast key facts about Rydex S&P 500 2x Strategy Fund (RYTNX) and SPDR Portfolio S&P 500 ETF (SPLG).
RYTNX is managed by Rydex Funds. It was launched on May 18, 2000. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYTNX or SPLG.
Key characteristics
| RYTNX | SPLG | |
|---|---|---|
| YTD Return | 46.50% | 26.11% |
| 1Y Return | 63.25% | 33.82% |
| 3Y Return (Ann) | 9.28% | 9.98% |
| 5Y Return (Ann) | 20.33% | 15.66% |
| 10Y Return (Ann) | 17.58% | 13.37% |
| Sharpe Ratio | 2.63 | 2.83 |
| Sortino Ratio | 3.21 | 3.78 |
| Omega Ratio | 1.45 | 1.53 |
| Calmar Ratio | 2.91 | 4.05 |
| Martin Ratio | 15.94 | 18.36 |
| Ulcer Index | 4.00% | 1.86% |
| Daily Std Dev | 24.28% | 12.04% |
| Max Drawdown | -89.80% | -54.50% |
| Current Drawdown | -1.76% | -0.89% |
Correlation
The correlation between RYTNX and SPLG is 0.85, 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. SPLG - Performance Comparison
In the year-to-date period, RYTNX achieves a 46.50% return, which is significantly higher than SPLG's 26.11% return. Over the past 10 years, RYTNX has outperformed SPLG with an annualized return of 17.58%, while SPLG has yielded a comparatively lower 13.37% 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. SPLG - Expense Ratio Comparison
RYTNX has a 1.82% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
RYTNX vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex S&P 500 2x Strategy Fund (RYTNX) and SPDR Portfolio S&P 500 ETF (SPLG). 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. SPLG - Dividend Comparison
RYTNX's dividend yield for the trailing twelve months is around 0.10%, less than SPLG's 1.24% 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% |
SPLG SPDR Portfolio S&P 500 ETF | 1.24% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% | 1.71% |
Drawdowns
RYTNX vs. SPLG - Drawdown Comparison
The maximum RYTNX drawdown since its inception was -89.80%, which is greater than SPLG's maximum drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for RYTNX and SPLG. For additional features, visit the drawdowns tool.
Volatility
RYTNX vs. SPLG - Volatility Comparison
Rydex S&P 500 2x Strategy Fund (RYTNX) has a higher volatility of 7.60% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 3.83%. This indicates that RYTNX's price experiences larger fluctuations and is considered to be riskier than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.