RYVIX vs. RYDAX

Last updated Jun 4, 2026

RYVIX (Rydex Energy Services Fund) and RYDAX (Rydex Dow Jones Industrial Average Fund) are both mutual funds - RYVIX is a Energy Equities fund managed by Rydex Funds, while RYDAX is a Large Cap Value Equities fund managed by Rydex Funds. Over the past 10 years, RYVIX returned -1.89%/yr vs 11.59%/yr for RYDAX. A 0.51 correlation means they provide meaningful diversification when combined. RYVIX charges 1.36%/yr vs 1.58%/yr for RYDAX.

Performance

RYVIX vs. RYDAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Energy Services Fund (RYVIX) and Rydex Dow Jones Industrial Average Fund (RYDAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYVIX achieves a 50.22% return, which is significantly higher than RYDAX's 6.79% return. Over the past 10 years, RYVIX has underperformed RYDAX with an annualized return of -1.89%, while RYDAX has yielded a comparatively higher 11.59% annualized return.

RYVIX

• 1D: 2.41%
• 1M: -3.19%
• YTD: 50.22%
• 6M: 44.36%
• 1Y: 89.06%
• 3Y*: 18.22%
• 5Y*: 10.82%
• 10Y*: -1.89%

RYDAX

• 1D: 0.47%
• 1M: 4.95%
• YTD: 6.79%
• 6M: 7.15%
• 1Y: 20.72%
• 3Y*: 15.15%
• 5Y*: 8.38%
• 10Y*: 11.59%

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

RYVIX vs. RYDAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYVIX Rydex Energy Services Fund	50.22%	2.29%	-7.73%	4.45%	43.02%	17.12%	-36.94%	-0.41%	-45.58%	-18.85%
RYDAX Rydex Dow Jones Industrial Average Fund	6.79%	12.98%	13.10%	14.36%	-8.88%	19.11%	7.47%	23.13%	-5.14%	26.19%

Correlation

The correlation between RYVIX and RYDAX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.51

Over the past year, the correlation between RYVIX and RYDAX has dropped to 0.26 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.

Return for Risk

RYVIX vs. RYDAX — Risk / Return Rank

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

RYVIX

RYVIX Risk / Return Rank: 90
RYVIX Sharpe Ratio Rank: 95
RYVIX Sortino Ratio Rank: 83
RYVIX Omega Ratio Rank: 75
RYVIX Calmar Ratio Rank: 99
RYVIX Martin Ratio Rank: 97

RYDAX

RYDAX Risk / Return Rank: 37
RYDAX Sharpe Ratio Rank: 38
RYDAX Sortino Ratio Rank: 39
RYDAX Omega Ratio Rank: 35
RYDAX Calmar Ratio Rank: 33
RYDAX Martin Ratio Rank: 37

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. RYDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Energy Services Fund (RYVIX) and Rydex Dow Jones Industrial Average Fund (RYDAX). 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.

	RYVIX	RYDAX	Difference
Sharpe ratio: Return per unit of total volatility	3.33	1.78	+1.56
Sortino ratio: Return per unit of downside risk	3.97	2.60	+1.37
Omega ratio: Gain probability vs. loss probability	1.50	1.32	+0.18
Calmar ratio: Return relative to maximum drawdown	10.21	2.17	+8.04
Martin ratio: Return relative to average drawdown	25.93	8.21	+17.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYVIX vs. RYDAX - Sharpe Ratio Comparison

The current RYVIX Sharpe Ratio is 3.33, which is higher than the RYDAX Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of RYVIX and RYDAX, 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

	RYVIX	RYDAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.33	1.78	+1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.57	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.05	0.66	-0.71
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.66	-0.62

Drawdowns

RYVIX vs. RYDAX - Drawdown Comparison

The maximum RYVIX drawdown since its inception was -94.06%, which is greater than RYDAX's maximum drawdown of -37.34%. Use the drawdown chart below to compare losses from any high point for RYVIX and RYDAX.

Drawdown Indicators

	RYVIX	RYDAX	Difference
Max Drawdown Largest peak-to-trough decline	-94.06%	-37.34%	-56.72%
Max Drawdown (1Y) Largest decline over 1 year	-9.43%	-9.86%	+0.43%
Max Drawdown (3Y) Largest decline over 3 years	-43.86%	-16.50%	-27.36%
Max Drawdown (5Y) Largest decline over 5 years	-43.86%	-22.12%	-21.74%
Max Drawdown (10Y) Largest decline over 10 years	-88.04%	-37.34%	-50.70%
Current Drawdown Current decline from peak	-67.62%	0.00%	-67.62%
Average Drawdown Average peak-to-trough decline	-46.18%	-4.34%	-41.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.70%	2.60%	+1.10%

Volatility

RYVIX vs. RYDAX - Volatility Comparison

Rydex Energy Services Fund (RYVIX) has a higher volatility of 8.03% compared to Rydex Dow Jones Industrial Average Fund (RYDAX) at 2.99%. This indicates that RYVIX's price experiences larger fluctuations and is considered to be riskier than RYDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYVIX	RYDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.03%	2.99%	+5.04%
Volatility (6M) Calculated over the trailing 6-month period	19.79%	9.27%	+10.52%
Volatility (1Y) Calculated over the trailing 1-year period	28.90%	12.05%	+16.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.08%	14.81%	+20.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.33%	17.61%	+22.72%

RYVIX vs. RYDAX - Expense Ratio Comparison

RYVIX has a 1.36% expense ratio, which is lower than RYDAX's 1.58% expense ratio.

Dividends

RYVIX vs. RYDAX - Dividend Comparison

RYVIX's dividend yield for the trailing twelve months is around 0.36%, more than RYDAX's 0.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYDAX Rydex Dow Jones Industrial Average Fund	0.35%	0.38%	1.73%	0.75%	3.17%	1.22%	4.87%	4.02%	1.25%	3.70%	0.56%	0.00%
RYVIX Rydex Energy Services Fund	0.36%	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 RYDAX in my portfolio?

RYVIX and RYDAX have a correlation of 0.26, 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 RYDAX?

RYVIX has higher volatility (8.03%) compared to RYDAX (2.99%). In terms of maximum drawdown, RYVIX dropped -94.06% vs RYDAX's -37.34%.

Which has better risk-adjusted returns?

RYVIX currently has the higher Sharpe Ratio (3.33 vs 1.78), 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.