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.
Key characteristics
| RYTNX | SPUU | |
|---|---|---|
| YTD Return | 46.50% | 48.24% |
| 1Y Return | 63.25% | 65.41% |
| 3Y Return (Ann) | 9.28% | 11.50% |
| 5Y Return (Ann) | 20.33% | 23.14% |
| 10Y Return (Ann) | 17.58% | 20.78% |
| Sharpe Ratio | 2.63 | 2.78 |
| Sortino Ratio | 3.21 | 3.37 |
| Omega Ratio | 1.45 | 1.47 |
| Calmar Ratio | 2.91 | 3.31 |
| Martin Ratio | 15.94 | 16.88 |
| Ulcer Index | 4.00% | 3.93% |
| Daily Std Dev | 24.28% | 23.87% |
| Max Drawdown | -89.80% | -59.35% |
| Current Drawdown | -1.76% | -1.86% |
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
The year-to-date returns for both investments are quite close, with RYTNX having a 46.50% return and SPUU slightly higher at 48.24%. Over the past 10 years, RYTNX has underperformed SPUU with an annualized return of 17.58%, while SPUU has yielded a comparatively higher 20.78% 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. 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's dividend yield for the trailing twelve months is around 0.10%, less than SPUU's 0.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPUU Direxion Daily S&P 500 Bull 2x Shares | 0.67% | 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) and Direxion Daily S&P 500 Bull 2x Shares (SPUU) have volatilities of 7.60% and 7.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.