RYVIX vs. VENAX

Last updated Jun 4, 2026

RYVIX (Rydex Energy Services Fund) and VENAX (Vanguard Energy Index Fund Admiral Shares) are both Energy Equities funds. Over the past 10 years, RYVIX returned -1.89%/yr vs 9.50%/yr for VENAX. Their correlation of 0.91 suggests significant overlap in exposure. RYVIX charges 1.36%/yr vs 0.10%/yr for VENAX.

Performance

RYVIX vs. VENAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Energy Services Fund (RYVIX) and Vanguard Energy Index Fund Admiral Shares (VENAX). 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 VENAX's 30.74% return. Over the past 10 years, RYVIX has underperformed VENAX with an annualized return of -1.89%, while VENAX has yielded a comparatively higher 9.50% 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%

VENAX

• 1D: 1.15%
• 1M: -3.23%
• YTD: 30.74%
• 6M: 27.90%
• 1Y: 43.96%
• 3Y*: 17.52%
• 5Y*: 20.23%
• 10Y*: 9.50%

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

RYVIX vs. VENAX - 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%
VENAX Vanguard Energy Index Fund Admiral Shares	30.74%	7.29%	6.57%	0.05%	62.94%	55.57%	-33.27%	9.36%	-19.90%	-2.39%

Correlation

The correlation between RYVIX and VENAX is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Sep 30, 2004	0.91

The correlation between RYVIX and VENAX shifts across timeframes, from 0.76 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RYVIX vs. VENAX — 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

VENAX

VENAX Risk / Return Rank: 58
VENAX Sharpe Ratio Rank: 59
VENAX Sortino Ratio Rank: 48
VENAX Omega Ratio Rank: 45
VENAX Calmar Ratio Rank: 84
VENAX Martin Ratio Rank: 57

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. VENAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Energy Services Fund (RYVIX) and Vanguard Energy Index Fund Admiral Shares (VENAX). 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	VENAX	Difference
Sharpe ratio: Return per unit of total volatility	3.33	2.26	+1.07
Sortino ratio: Return per unit of downside risk	3.97	2.90	+1.07
Omega ratio: Gain probability vs. loss probability	1.50	1.36	+0.13
Calmar ratio: Return relative to maximum drawdown	10.21	3.91	+6.30
Martin ratio: Return relative to average drawdown	25.93	11.54	+14.39
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. VENAX - Sharpe Ratio Comparison

The current RYVIX Sharpe Ratio is 3.33, which is higher than the VENAX Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of RYVIX and VENAX, 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	VENAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.33	2.26	+1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.77	-0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.05	0.32	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.27	-0.23

Drawdowns

RYVIX vs. VENAX - Drawdown Comparison

The maximum RYVIX drawdown since its inception was -94.06%, which is greater than VENAX's maximum drawdown of -74.42%. Use the drawdown chart below to compare losses from any high point for RYVIX and VENAX.

Drawdown Indicators

	RYVIX	VENAX	Difference
Max Drawdown Largest peak-to-trough decline	-94.06%	-74.42%	-19.64%
Max Drawdown (1Y) Largest decline over 1 year	-9.43%	-11.79%	+2.36%
Max Drawdown (3Y) Largest decline over 3 years	-43.86%	-21.44%	-22.42%
Max Drawdown (5Y) Largest decline over 5 years	-43.86%	-26.59%	-17.27%
Max Drawdown (10Y) Largest decline over 10 years	-88.04%	-69.58%	-18.46%
Current Drawdown Current decline from peak	-67.62%	-7.50%	-60.12%
Average Drawdown Average peak-to-trough decline	-46.18%	-19.98%	-26.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.70%	3.99%	-0.29%

Volatility

RYVIX vs. VENAX - Volatility Comparison

Rydex Energy Services Fund (RYVIX) and Vanguard Energy Index Fund Admiral Shares (VENAX) have volatilities of 8.03% and 7.91%, 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	VENAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.03%	7.91%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	19.79%	16.29%	+3.50%
Volatility (1Y) Calculated over the trailing 1-year period	28.90%	20.40%	+8.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.08%	26.43%	+8.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.33%	30.24%	+10.09%

RYVIX vs. VENAX - Expense Ratio Comparison

RYVIX has a 1.36% expense ratio, which is higher than VENAX's 0.10% expense ratio.

Dividends

RYVIX vs. VENAX - Dividend Comparison

RYVIX's dividend yield for the trailing twelve months is around 0.36%, less than VENAX's 2.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VENAX Vanguard Energy Index Fund Admiral Shares	2.40%	3.10%	3.24%	3.34%	3.65%	3.80%	4.76%	3.41%	3.35%	2.90%	2.31%	3.17%

Frequently Asked Questions

Can I hold both RYVIX and VENAX in my portfolio?

RYVIX and VENAX have a correlation of 0.76, 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 VENAX?

RYVIX has higher volatility (8.03%) compared to VENAX (7.91%). In terms of maximum drawdown, RYVIX dropped -94.06% vs VENAX's -74.42%.

Which has better risk-adjusted returns?

RYVIX currently has the higher Sharpe Ratio (3.33 vs 2.26), 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.