RYVIX vs. RYAIX

Last updated Jul 14, 2026

RYVIX (Rydex Energy Services Fund) and RYAIX (Rydex Inverse NASDAQ-100 Strategy Fund) are both mutual funds - RYVIX is a Energy Equities fund managed by Rydex Funds, while RYAIX is a Inverse Equities fund managed by Rydex Funds. Over the past 10 years, RYVIX returned -3.61%/yr vs -18.93%/yr for RYAIX. At a correlation of -0.37, they often move in opposite directions. RYVIX charges 1.36%/yr vs 1.55%/yr for RYAIX.

Performance

RYVIX vs. RYAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Energy Services Fund (RYVIX) and Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYVIX achieves a 34.99% return, which is significantly higher than RYAIX's -15.47% return. Over the past 10 years, RYVIX has outperformed RYAIX with an annualized return of -3.61%, while RYAIX has yielded a comparatively lower -18.93% annualized return.

RYVIX

• 1D: 1.37%
• 1M: -9.49%
• 6M: 24.51%
• YTD: 34.99%
• 1Y: 55.87%
• 3Y*: 8.10%
• 5Y*: 10.96%
• 10Y*: -3.61%

RYAIX

• 1D: -0.28%
• 1M: -0.68%
• 6M: -13.81%
• YTD: -15.47%
• 1Y: -22.08%
• 3Y*: -17.73%
• 5Y*: -13.04%
• 10Y*: -18.93%

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

RYVIX vs. RYAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYVIX Rydex Energy Services Fund	34.99%	2.29%	-7.73%	4.45%	43.02%	17.12%	-36.94%	-0.41%	-45.58%	-18.85%
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund	-15.47%	-15.63%	-15.64%	-31.71%	35.92%	-24.88%	-40.98%	-27.65%	-2.63%	-24.47%

Correlation

The correlation between RYVIX and RYAIX is -0.22, 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	-0.22
Correlation (3Y) Calculated over the trailing 3-year period	-0.28
Correlation (5Y) Calculated over the trailing 5-year period	-0.32
Correlation (10Y) Calculated over the trailing 10-year period	-0.31
Correlation (All Time) Calculated using the full available price history since Jan 4, 1999	-0.37

The correlation between RYVIX and RYAIX shifts across timeframes, from -0.37 (all time) to -0.22 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

RYVIX vs. RYAIX — Risk / Return Rank

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

RYVIX

RYVIX Risk / Return Rank: 69
RYVIX Sharpe Ratio Rank: 75
RYVIX Sortino Ratio Rank: 67
RYVIX Omega Ratio Rank: 58
RYVIX Calmar Ratio Rank: 79
RYVIX Martin Ratio Rank: 67

RYAIX

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

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.

RYVIX vs. RYAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Energy Services Fund (RYVIX) and Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX). 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.

	RYVIX	RYAIX	Difference
Sharpe ratio: Return per unit of total volatility	1.96	-1.18	+3.14
Sortino ratio: Return per unit of downside risk	2.57	-1.72	+4.30
Omega ratio: Gain probability vs. loss probability	1.31	0.81	+0.50
Calmar ratio: Return relative to maximum drawdown	2.86	-0.86	+3.72
Martin ratio: Return relative to average drawdown	10.05	-1.81	+11.86

RYVIX vs. RYAIX - Sharpe Ratio Comparison

The current RYVIX Sharpe Ratio is 1.96, which is higher than the RYAIX Sharpe Ratio of -1.18. The chart below compares the historical Sharpe Ratios of RYVIX and RYAIX, 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

RYVIX vs. RYAIX - Drawdown Comparison

The maximum RYVIX drawdown since its inception was -94.06%, roughly equal to the maximum RYAIX drawdown of -98.93%. Use the drawdown chart below to compare losses from any high point for RYVIX and RYAIX.

Drawdown Indicators

	RYVIX	RYAIX	Difference
Max Drawdown Largest peak-to-trough decline	-94.06%	-98.93%	+4.87%
Max Drawdown (1Y) Largest decline over 1 year	-20.02%	-25.47%	+5.45%
Max Drawdown (3Y) Largest decline over 3 years	-43.86%	-50.13%	+6.27%
Max Drawdown (5Y) Largest decline over 5 years	-43.86%	-61.15%	+17.29%
Max Drawdown (10Y) Largest decline over 10 years	-88.04%	-88.00%	-0.04%
Current Drawdown Current decline from peak	-70.90%	-98.90%	+28.00%
Average Drawdown Average peak-to-trough decline	-46.26%	-73.38%	+27.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.69%	12.12%	-6.43%

Volatility

RYVIX vs. RYAIX - Volatility Comparison

Rydex Energy Services Fund (RYVIX) and Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) have volatilities of 8.65% and 8.50%, 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.

Volatility by Period

	RYVIX	RYAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.65%	8.50%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	20.72%	15.27%	+5.45%
Volatility (1Y) Calculated over the trailing 1-year period	29.33%	18.53%	+10.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.94%	23.22%	+11.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.20%	22.78%	+17.42%

RYVIX vs. RYAIX - Expense Ratio Comparison

RYVIX has a 1.36% expense ratio, which is lower than RYAIX's 1.55% expense ratio.

Dividends

RYVIX vs. RYAIX - Dividend Comparison

RYVIX's dividend yield for the trailing twelve months is around 0.40%, less than RYAIX's 2.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund	2.64%	2.23%	5.67%	4.81%	0.00%	0.00%	0.09%	0.72%	0.00%	0.00%	0.00%	0.00%
RYVIX Rydex Energy Services Fund	0.40%	0.54%	0.00%	0.00%	0.00%	0.30%	1.30%	0.11%	1.48%	0.88%	0.71%	1.19%

Frequently Asked Questions

Can I hold both RYVIX and RYAIX in my portfolio?

RYVIX and RYAIX have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYVIX or RYAIX?

RYVIX has higher volatility (8.65%) compared to RYAIX (8.50%). In terms of maximum drawdown, RYVIX dropped -94.06% vs RYAIX's -98.93%.

Which has better risk-adjusted returns?

RYVIX currently has the higher Sharpe Ratio (1.96 vs -1.18), 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.