RYURX vs. RYCQX
RYURX (Rydex Inverse S&P 500 Strategy Fund) and RYCQX (Rydex Inverse Russell 2000 Strategy Fund) are both Inverse Equities funds from Rydex Funds. Over the past 10 years, RYURX returned -12.74%/yr vs -12.31%/yr for RYCQX. Their correlation of 0.86 suggests significant overlap in exposure. RYURX charges 1.49%/yr vs 2.49%/yr for RYCQX.
Performance
RYURX vs. RYCQX - Performance Comparison
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Returns By Period
In the year-to-date period, RYURX achieves a -8.00% return, which is significantly higher than RYCQX's -15.89% return. Both investments have delivered pretty close results over the past 10 years, with RYURX having a -12.74% annualized return and RYCQX not far ahead at -12.31%.
RYURX
- 1D
- -0.38%
- 1M
- -1.59%
- 6M
- -6.41%
- YTD
- -8.00%
- 1Y
- -13.80%
- 3Y*
- -11.96%
- 5Y*
- -8.52%
- 10Y*
- -12.74%
RYCQX
- 1D
- 0.54%
- 1M
- -0.83%
- 6M
- -10.87%
- YTD
- -15.89%
- 1Y
- -23.04%
- 3Y*
- -11.73%
- 5Y*
- -6.11%
- 10Y*
- -12.31%
RYURX vs. RYCQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYURX Rydex Inverse S&P 500 Strategy Fund | -8.00% | -11.41% | -13.04% | -14.56% | 17.56% | -24.19% | -24.90% | -22.65% | 4.33% | -17.38% |
RYCQX Rydex Inverse Russell 2000 Strategy Fund | -15.89% | -9.40% | -6.15% | -10.73% | 16.50% | -18.59% | -31.59% | -20.84% | 10.41% | -14.20% |
Correlation
The correlation between RYURX and RYCQX is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | 0.86 |
The correlation between RYURX and RYCQX has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.
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Return for Risk
RYURX vs. RYCQX — Risk / Return Rank
RYURX
RYCQX
RYURX vs. RYCQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse S&P 500 Strategy Fund (RYURX) and Rydex Inverse Russell 2000 Strategy Fund (RYCQX). 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 | RYCQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.83 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.83 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.62 | -1.43 | -0.18 |
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Drawdowns
RYURX vs. RYCQX - Drawdown Comparison
The maximum RYURX drawdown since its inception was -96.72%, roughly equal to the maximum RYCQX drawdown of -96.16%. Use the drawdown chart below to compare losses from any high point for RYURX and RYCQX.
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Drawdown Indicators
| RYURX | RYCQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.72% | -96.16% | -0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -16.08% | -26.78% | +10.70% |
Max Drawdown (3Y)Largest decline over 3 years | -38.48% | -42.85% | +4.37% |
Max Drawdown (5Y)Largest decline over 5 years | -44.10% | -42.88% | -1.22% |
Max Drawdown (10Y)Largest decline over 10 years | -75.17% | -74.27% | -0.90% |
Current DrawdownCurrent decline from peak | -96.69% | -96.10% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -69.00% | -70.64% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.34% | 15.39% | -7.05% |
Volatility
RYURX vs. RYCQX - Volatility Comparison
The current volatility for Rydex Inverse S&P 500 Strategy Fund (RYURX) is 4.27%, while Rydex Inverse Russell 2000 Strategy Fund (RYCQX) has a volatility of 4.93%. This indicates that RYURX experiences smaller price fluctuations and is considered to be less risky than RYCQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYURX | RYCQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 4.93% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 9.91% | 14.15% | -4.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.46% | 19.45% | -6.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.10% | 23.46% | -6.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 23.81% | -5.73% |
RYURX vs. RYCQX - Expense Ratio Comparison
RYURX has a 1.49% expense ratio, which is lower than RYCQX's 2.49% expense ratio.
Dividends
RYURX vs. RYCQX - Dividend Comparison
RYURX's dividend yield for the trailing twelve months is around 4.15%, less than RYCQX's 9.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYCQX Rydex Inverse Russell 2000 Strategy Fund | 9.35% | 7.87% | 7.14% | 9.87% | 0.00% | 0.00% | 0.08% | 0.86% |
RYURX Rydex Inverse S&P 500 Strategy Fund | 4.15% | 3.82% | 6.78% | 2.79% | 0.00% | 0.00% | 0.42% | 0.86% |
Frequently Asked Questions
RYURX and RYCQX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYCQX has higher volatility (4.93%) compared to RYURX (4.27%). In terms of maximum drawdown, RYURX dropped -96.72% vs RYCQX's -96.16%.
RYURX currently has the higher Sharpe Ratio (-1.08 vs -1.14), 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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