RYTNX vs. SPUU
Compare and contrast key facts about Rydex S&P 500 2x Strategy Fund (RYTNX) and Direxion Daily S&P 500 Bull 2x Shares (SPUU).
RYTNX is managed by Rydex Funds. It was launched on May 18, 2000. SPUU is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (200%). It was launched on May 28, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYTNX or SPUU.
Correlation
The correlation between RYTNX and SPUU is 0.96, 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. SPUU - Performance Comparison
Key characteristics
RYTNX:
1.62
SPUU:
2.09
RYTNX:
2.08
SPUU:
2.63
RYTNX:
1.29
SPUU:
1.36
RYTNX:
2.47
SPUU:
3.06
RYTNX:
9.72
SPUU:
12.81
RYTNX:
4.28%
SPUU:
4.02%
RYTNX:
25.71%
SPUU:
24.60%
RYTNX:
-89.80%
SPUU:
-59.35%
RYTNX:
-10.05%
SPUU:
-5.01%
Returns By Period
In the year-to-date period, RYTNX achieves a 37.67% return, which is significantly lower than SPUU's 47.31% return. Over the past 10 years, RYTNX has underperformed SPUU with an annualized return of 16.63%, while SPUU has yielded a comparatively higher 20.20% annualized return.
RYTNX
37.67%
-4.92%
8.13%
38.76%
17.77%
16.63%
SPUU
47.31%
-0.57%
15.04%
48.18%
21.30%
20.20%
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RYTNX vs. SPUU - Expense Ratio Comparison
RYTNX has a 1.82% expense ratio, which is higher than SPUU's 0.64% expense ratio.
Risk-Adjusted Performance
RYTNX vs. SPUU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex S&P 500 2x Strategy Fund (RYTNX) and Direxion Daily S&P 500 Bull 2x Shares (SPUU). 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. SPUU - Dividend Comparison
RYTNX has not paid dividends to shareholders, while SPUU's dividend yield for the trailing twelve months is around 0.47%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPUU Direxion Daily S&P 500 Bull 2x Shares | 0.47% | 0.83% | 0.88% | 3.04% | 8.03% | 1.80% | 5.50% | 6.96% | 8.08% | 1.26% |
Drawdowns
RYTNX vs. SPUU - Drawdown Comparison
The maximum RYTNX drawdown since its inception was -89.80%, which is greater than SPUU's maximum drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for RYTNX and SPUU. For additional features, visit the drawdowns tool.
Volatility
RYTNX vs. SPUU - Volatility Comparison
Rydex S&P 500 2x Strategy Fund (RYTNX) has a higher volatility of 9.75% compared to Direxion Daily S&P 500 Bull 2x Shares (SPUU) at 7.51%. This indicates that RYTNX's price experiences larger fluctuations and is considered to be riskier than SPUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.