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.
Correlation
The correlation between RYTNX and SPLG is 0.86, 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
Key characteristics
RYTNX:
1.62
SPLG:
2.26
RYTNX:
2.08
SPLG:
3.00
RYTNX:
1.29
SPLG:
1.42
RYTNX:
2.47
SPLG:
3.32
RYTNX:
9.72
SPLG:
14.73
RYTNX:
4.28%
SPLG:
1.90%
RYTNX:
25.71%
SPLG:
12.40%
RYTNX:
-89.80%
SPLG:
-54.50%
RYTNX:
-10.05%
SPLG:
-2.50%
Returns By Period
In the year-to-date period, RYTNX achieves a 37.67% return, which is significantly higher than SPLG's 26.00% return. Over the past 10 years, RYTNX has outperformed SPLG with an annualized return of 16.63%, while SPLG has yielded a comparatively lower 13.11% annualized return.
RYTNX
37.67%
-4.92%
8.13%
38.76%
17.77%
16.63%
SPLG
26.00%
-0.14%
9.34%
26.48%
14.82%
13.11%
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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 has not paid dividends to shareholders, while SPLG's dividend yield for the trailing twelve months is around 0.92%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYTNX Rydex S&P 500 2x Strategy Fund | 0.00% | 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 | 0.92% | 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 9.75% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 3.81%. 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.