RYTPX vs. RYMMX

Last updated Jun 4, 2026

RYTPX (Rydex Inverse S&P 500 2x Strategy Fund) and RYMMX (Rydex S&P MidCap 400 Pure Value Fund) are both mutual funds - RYTPX is a Inverse Equities fund managed by Rydex Funds, while RYMMX is a Small Cap Value Equities fund managed by Rydex Funds. Over the past 10 years, RYTPX returned -17.53%/yr vs 9.86%/yr for RYMMX. At a correlation of -0.78, they often move in opposite directions. RYTPX charges 2.16%/yr vs 2.26%/yr for RYMMX.

Performance

RYTPX vs. RYMMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Inverse S&P 500 2x Strategy Fund (RYTPX) and Rydex S&P MidCap 400 Pure Value Fund (RYMMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYTPX achieves a -17.63% return, which is significantly lower than RYMMX's 12.45% return. Over the past 10 years, RYTPX has underperformed RYMMX with an annualized return of -17.53%, while RYMMX has yielded a comparatively higher 9.86% annualized return.

RYTPX

• 1D: -0.24%
• 1M: -8.63%
• YTD: -17.63%
• 6M: -17.07%
• 1Y: -35.12%
• 3Y*: -29.11%
• 5Y*: -22.76%
• 10Y*: -17.53%

RYMMX

• 1D: 1.70%
• 1M: 3.95%
• YTD: 12.45%
• 6M: 9.88%
• 1Y: 22.84%
• 3Y*: 14.27%
• 5Y*: 7.63%
• 10Y*: 9.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RYTPX vs. RYMMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYTPX Rydex Inverse S&P 500 2x Strategy Fund	-17.63%	-27.24%	-29.24%	-31.96%	29.31%	-43.38%	-50.05%	-41.84%	4.42%	-32.54%
RYMMX Rydex S&P MidCap 400 Pure Value Fund	12.45%	5.11%	3.49%	26.78%	-6.06%	30.05%	5.74%	20.83%	-19.66%	12.28%

Correlation

The correlation between RYTPX and RYMMX is -0.56, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.56
Correlation (3Y) Calculated over the trailing 3-year period	-0.66
Correlation (5Y) Calculated over the trailing 5-year period	-0.73
Correlation (10Y) Calculated over the trailing 10-year period	-0.72
Correlation (All Time) Calculated using the full available price history since Jan 4, 2005	-0.78

Over the past year, the inverse relationship between RYTPX and RYMMX has weakened: their correlation has moved from -0.78 to -0.56, meaning they move in opposite directions less often than they have historically.

Return for Risk

RYTPX vs. RYMMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RYTPX

RYTPX Risk / Return Rank: 0
RYTPX Sharpe Ratio Rank: 0
RYTPX Sortino Ratio Rank: 0
RYTPX Omega Ratio Rank: 0
RYTPX Calmar Ratio Rank: 0
RYTPX Martin Ratio Rank: 0

RYMMX

RYMMX Risk / Return Rank: 24
RYMMX Sharpe Ratio Rank: 23
RYMMX Sortino Ratio Rank: 25
RYMMX Omega Ratio Rank: 22
RYMMX Calmar Ratio Rank: 29
RYMMX Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RYTPX vs. RYMMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse S&P 500 2x Strategy Fund (RYTPX) and Rydex S&P MidCap 400 Pure Value Fund (RYMMX). 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.

	RYTPX	RYMMX	Difference
Sharpe ratio: Return per unit of total volatility	-1.52	1.38	-2.90
Sortino ratio: Return per unit of downside risk	-2.37	2.11	-4.47
Omega ratio: Gain probability vs. loss probability	0.74	1.25	-0.50
Calmar ratio: Return relative to maximum drawdown	-1.00	1.99	-3.00
Martin ratio: Return relative to average drawdown	-1.74	5.73	-7.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYTPX vs. RYMMX - Sharpe Ratio Comparison

The current RYTPX Sharpe Ratio is -1.52, which is lower than the RYMMX Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of RYTPX and RYMMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RYTPX	RYMMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.52	1.38	-2.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.68	0.35	-1.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.06	0.40	-0.46
Sharpe Ratio (All Time) Calculated using the full available price history	-0.06	0.27	-0.33

Drawdowns

RYTPX vs. RYMMX - Drawdown Comparison

The maximum RYTPX drawdown since its inception was -99.92%, which is greater than RYMMX's maximum drawdown of -73.49%. Use the drawdown chart below to compare losses from any high point for RYTPX and RYMMX.

Drawdown Indicators

	RYTPX	RYMMX	Difference
Max Drawdown Largest peak-to-trough decline	-99.92%	-73.49%	-26.43%
Max Drawdown (1Y) Largest decline over 1 year	-35.82%	-12.54%	-23.28%
Max Drawdown (3Y) Largest decline over 3 years	-68.03%	-25.11%	-42.92%
Max Drawdown (5Y) Largest decline over 5 years	-75.66%	-25.11%	-50.55%
Max Drawdown (10Y) Largest decline over 10 years	-96.56%	-54.43%	-42.13%
Current Drawdown Current decline from peak	-99.92%	0.00%	-99.92%
Average Drawdown Average peak-to-trough decline	-82.33%	-11.98%	-70.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.65%	4.35%	+16.30%

Volatility

RYTPX vs. RYMMX - Volatility Comparison

Rydex Inverse S&P 500 2x Strategy Fund (RYTPX) has a higher volatility of 5.66% compared to Rydex S&P MidCap 400 Pure Value Fund (RYMMX) at 4.70%. This indicates that RYTPX's price experiences larger fluctuations and is considered to be riskier than RYMMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYTPX	RYMMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.66%	4.70%	+0.96%
Volatility (6M) Calculated over the trailing 6-month period	18.00%	11.82%	+6.18%
Volatility (1Y) Calculated over the trailing 1-year period	23.70%	18.08%	+5.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.74%	21.94%	+11.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	289.86%	25.03%	+264.83%

RYTPX vs. RYMMX - Expense Ratio Comparison

RYTPX has a 2.16% expense ratio, which is lower than RYMMX's 2.26% expense ratio.

Dividends

RYTPX vs. RYMMX - Dividend Comparison

RYTPX's dividend yield for the trailing twelve months is around 6.25%, more than RYMMX's 0.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYMMX Rydex S&P MidCap 400 Pure Value Fund	0.16%	0.18%	8.21%	0.48%	17.90%	6.82%	0.05%	0.00%	3.84%	1.94%	0.22%	0.30%
RYTPX Rydex Inverse S&P 500 2x Strategy Fund	6.25%	5.15%	6.90%	3.35%	0.00%	0.00%	0.00%	0.23%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RYTPX and RYMMX in my portfolio?

RYTPX and RYMMX have a correlation of -0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYTPX or RYMMX?

RYTPX has higher volatility (5.66%) compared to RYMMX (4.70%). In terms of maximum drawdown, RYTPX dropped -99.92% vs RYMMX's -73.49%.

Which has better risk-adjusted returns?

RYMMX currently has the higher Sharpe Ratio (1.38 vs -1.52), 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.