RYURX vs. BEARX
RYURX (Rydex Inverse S&P 500 Strategy Fund) and BEARX (Federated Hermes Prudent Bear Fd) are both Inverse Equities funds. Over the past 10 years, RYURX returned -12.47%/yr vs -14.19%/yr for BEARX. Their correlation of 0.84 means they have usually moved in the same direction. RYURX charges 1.49%/yr vs 1.78%/yr for BEARX.
Performance
RYURX vs. BEARX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with RYURX having a -6.06% return and BEARX slightly lower at -6.07%. Over the past 10 years, RYURX has outperformed BEARX with an annualized return of -12.47%, while BEARX has yielded a comparatively lower -14.19% annualized return.
RYURX
- 1D
- -1.56%
- 1M
- 0.93%
- 6M
- -5.19%
- YTD
- -6.06%
- 1Y
- -12.58%
- 3Y*
- -10.49%
- 5Y*
- -7.99%
- 10Y*
- -12.47%
- ALL TIME*
- -10.18%
BEARX
- 1D
- -1.66%
- 1M
- 0.85%
- 6M
- -5.07%
- YTD
- -6.07%
- 1Y
- -11.20%
- 3Y*
- -13.79%
- 5Y*
- -11.02%
- 10Y*
- -14.19%
- ALL TIME*
- -2.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RYURX vs. BEARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYURX Rydex Inverse S&P 500 Strategy Fund | -6.06% | -11.41% | -13.04% | -14.56% | 17.56% | -24.19% | -24.90% | -22.65% | 4.33% | -17.38% |
BEARX Federated Hermes Prudent Bear Fd | -6.07% | -12.42% | -20.34% | -18.67% | 17.78% | -23.78% | -22.95% | -19.95% | -5.96% | -15.76% |
Correlation
The correlation between RYURX and BEARX is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 1995 | 0.84 |
Over the past year, the correlation between RYURX and BEARX has dropped to 0.49 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.
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Return for Risk
RYURX vs. BEARX — Risk / Return Rank
RYURX
BEARX
RYURX vs. BEARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse S&P 500 Strategy Fund (RYURX) and Federated Hermes Prudent Bear Fd (BEARX). 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.
| RYURX | BEARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.86 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | -0.64 | -0.03 |
| Martin ratioReturn relative to average drawdown | -1.21 | -1.23 | +0.02 |
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Drawdowns
RYURX vs. BEARX - Drawdown Comparison
The maximum RYURX drawdown since its inception was -96.72%, roughly equal to the maximum BEARX drawdown of -95.75%. Use the drawdown chart below to compare losses from any high point for RYURX and BEARX.
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Drawdown Indicators
| RYURX | BEARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.72% | -95.75% | -0.97% |
Max Drawdown (1Y)Largest decline over 1 year | -16.08% | -16.55% | +0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -38.48% | -44.46% | +5.98% |
Max Drawdown (5Y)Largest decline over 5 years | -44.10% | -52.48% | +8.38% |
Max Drawdown (10Y)Largest decline over 10 years | -75.17% | -79.22% | +4.05% |
Current DrawdownCurrent decline from peak | -96.63% | -95.59% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -69.05% | -61.21% | -7.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.97% | 8.60% | +0.37% |
Volatility
RYURX vs. BEARX - Volatility Comparison
The current volatility for Rydex Inverse S&P 500 Strategy Fund (RYURX) is 3.38%, while Federated Hermes Prudent Bear Fd (BEARX) has a volatility of 3.78%. This indicates that RYURX experiences smaller price fluctuations and is considered to be less risky than BEARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYURX | BEARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 3.78% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.05% | 10.32% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.78% | 12.86% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 17.15% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.11% | 16.71% | +1.40% |
RYURX vs. BEARX - Expense Ratio Comparison
RYURX has a 1.49% expense ratio, which is lower than BEARX's 1.78% expense ratio.
Dividends
RYURX vs. BEARX - Dividend Comparison
RYURX's dividend yield for the trailing twelve months is around 4.06%, less than BEARX's 7.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BEARX Federated Hermes Prudent Bear Fd | 7.15% | 6.71% | 0.00% | 13.32% | 0.00% | 0.00% | 0.00% | 0.62% |
RYURX Rydex Inverse S&P 500 Strategy Fund | 4.06% | 3.82% | 6.78% | 2.79% | 0.00% | 0.00% | 0.42% | 0.86% |
Frequently Asked Questions
RYURX and BEARX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BEARX has higher volatility (3.78%) compared to RYURX (3.38%). In terms of maximum drawdown, RYURX dropped -96.72% vs BEARX's -95.75%.
BEARX currently has the higher Sharpe Ratio (-0.83 vs -0.85), 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.
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