RYUIX vs. ERH

Last updated Jun 23, 2026

RYUIX (Rydex Utilities Fund) and ERH (Allspring Utilities and High Income Fund) are both Utilities Equities funds. Over the past 10 years, RYUIX returned 7.82%/yr vs 6.59%/yr for ERH. At a 0.48 correlation, their price movements are largely independent. RYUIX charges 1.39%/yr vs 0.93%/yr for ERH.

Performance

RYUIX vs. ERH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Utilities Fund (RYUIX) and Allspring Utilities and High Income Fund (ERH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYUIX achieves a 5.74% return, which is significantly higher than ERH's 3.55% return. Over the past 10 years, RYUIX has outperformed ERH with an annualized return of 7.82%, while ERH has yielded a comparatively lower 6.59% annualized return.

RYUIX

• 1D: 0.69%
• 1M: -1.29%
• YTD: 5.74%
• 6M: 5.90%
• 1Y: 14.42%
• 3Y*: 13.17%
• 5Y*: 9.59%
• 10Y*: 7.82%

ERH

• 1D: 0.09%
• 1M: -1.51%
• YTD: 3.55%
• 6M: 4.43%
• 1Y: 12.51%
• 3Y*: 14.39%
• 5Y*: 4.02%
• 10Y*: 6.59%

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

RYUIX vs. ERH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYUIX Rydex Utilities Fund	5.74%	17.90%	20.25%	-6.78%	1.32%	15.08%	-4.56%	19.38%	4.07%	11.36%
ERH Allspring Utilities and High Income Fund	3.55%	19.85%	25.71%	-10.52%	-18.38%	22.14%	-1.15%	33.97%	-8.98%	18.32%

Correlation

The correlation between RYUIX and ERH is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Apr 28, 2004	0.48

The correlation between RYUIX and ERH shifts across timeframes, from 0.48 (all time) to 0.71 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

RYUIX vs. ERH — Risk / Return Rank

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

RYUIX

RYUIX Risk / Return Rank: 17
RYUIX Sharpe Ratio Rank: 16
RYUIX Sortino Ratio Rank: 14
RYUIX Omega Ratio Rank: 14
RYUIX Calmar Ratio Rank: 27
RYUIX Martin Ratio Rank: 15

ERH

ERH Risk / Return Rank: 14
ERH Sharpe Ratio Rank: 14
ERH Sortino Ratio Rank: 13
ERH Omega Ratio Rank: 15
ERH Calmar Ratio Rank: 16
ERH Martin Ratio Rank: 10

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.

RYUIX vs. ERH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Utilities Fund (RYUIX) and Allspring Utilities and High Income Fund (ERH). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RYUIX	ERH	Difference
Sharpe ratio: Return per unit of total volatility	1.05	0.98	+0.07
Sortino ratio: Return per unit of downside risk	1.47	1.38	+0.09
Omega ratio: Gain probability vs. loss probability	1.18	1.19	0.00
Calmar ratio: Return relative to maximum drawdown	1.82	1.34	+0.48
Martin ratio: Return relative to average drawdown	3.81	2.79	+1.03

RYUIX vs. ERH - Sharpe Ratio Comparison

The current RYUIX Sharpe Ratio is 1.05, which is comparable to the ERH Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of RYUIX and ERH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RYUIX vs. ERH - Drawdown Comparison

The maximum RYUIX drawdown since its inception was -63.29%, smaller than the maximum ERH drawdown of -69.81%. Use the drawdown chart below to compare losses from any high point for RYUIX and ERH.

Drawdown Indicators

	RYUIX	ERH	Difference
Max Drawdown Largest peak-to-trough decline	-63.29%	-69.81%	+6.52%
Max Drawdown (1Y) Largest decline over 1 year	-7.97%	-9.36%	+1.39%
Max Drawdown (3Y) Largest decline over 3 years	-17.03%	-21.24%	+4.21%
Max Drawdown (5Y) Largest decline over 5 years	-24.28%	-37.85%	+13.57%
Max Drawdown (10Y) Largest decline over 10 years	-36.88%	-46.11%	+9.23%
Current Drawdown Current decline from peak	-4.87%	-6.87%	+2.00%
Average Drawdown Average peak-to-trough decline	-14.44%	-17.27%	+2.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.81%	4.50%	-0.69%

Volatility

RYUIX vs. ERH - Volatility Comparison

Rydex Utilities Fund (RYUIX) has a higher volatility of 4.98% compared to Allspring Utilities and High Income Fund (ERH) at 3.93%. This indicates that RYUIX's price experiences larger fluctuations and is considered to be riskier than ERH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYUIX	ERH	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.98%	3.93%	+1.05%
Volatility (6M) Calculated over the trailing 6-month period	11.03%	10.22%	+0.81%
Volatility (1Y) Calculated over the trailing 1-year period	13.82%	12.80%	+1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.65%	16.70%	-0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.95%	19.72%	-0.77%

RYUIX vs. ERH - Expense Ratio Comparison

RYUIX has a 1.39% expense ratio, which is higher than ERH's 0.93% expense ratio.

Dividends

RYUIX vs. ERH - Dividend Comparison

RYUIX's dividend yield for the trailing twelve months is around 1.77%, less than ERH's 8.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ERH Allspring Utilities and High Income Fund	8.59%	8.13%	7.15%	9.19%	8.09%	5.86%	7.20%	6.53%	8.06%	6.82%	7.53%	8.04%
RYUIX Rydex Utilities Fund	1.77%	1.87%	0.67%	3.16%	0.81%	2.61%	2.17%	0.91%	0.00%	2.61%	10.04%	1.62%

Frequently Asked Questions

Can I hold both RYUIX and ERH in my portfolio?

RYUIX and ERH have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYUIX or ERH?

RYUIX has higher volatility (4.98%) compared to ERH (3.93%). In terms of maximum drawdown, RYUIX dropped -63.29% vs ERH's -69.81%.

Which has better risk-adjusted returns?

RYUIX currently has the higher Sharpe Ratio (1.05 vs 0.98), 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.