RYVNX vs. RYAIX
RYVNX (Rydex Inverse NASDAQ-100 2x Strategy Fund) and RYAIX (Rydex Inverse NASDAQ-100 Strategy Fund) are both Inverse Equities funds from Rydex Funds. Over the past 10 years, RYVNX returned -39.28%/yr vs -19.33%/yr for RYAIX. With a 0.99 correlation, they move nearly in lockstep. RYVNX charges 2.49%/yr vs 1.55%/yr for RYAIX.
Performance
RYVNX vs. RYAIX - Performance Comparison
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Returns By Period
In the year-to-date period, RYVNX achieves a -27.31% return, which is significantly lower than RYAIX's -13.79% return. Over the past 10 years, RYVNX has underperformed RYAIX with an annualized return of -39.28%, while RYAIX has yielded a comparatively higher -19.33% annualized return.
RYVNX
- 1D
- 0.90%
- 1M
- 3.50%
- YTD
- -27.31%
- 6M
- -24.85%
- 1Y
- -42.61%
- 3Y*
- -37.15%
- 5Y*
- -30.64%
- 10Y*
- -39.28%
RYAIX
- 1D
- 0.46%
- 1M
- 2.35%
- YTD
- -13.79%
- 6M
- -12.31%
- 1Y
- -22.19%
- 3Y*
- -17.53%
- 5Y*
- -13.28%
- 10Y*
- -19.33%
RYVNX vs. RYAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYVNX Rydex Inverse NASDAQ-100 2x Strategy Fund | -27.31% | -35.24% | -34.30% | -57.09% | 65.14% | -45.41% | -69.71% | -50.05% | -9.71% | -44.28% |
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | -13.79% | -15.63% | -15.64% | -31.71% | 35.92% | -24.88% | -40.98% | -27.65% | -2.63% | -24.47% |
Correlation
The correlation between RYVNX and RYAIX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.99 |
The correlation between RYVNX and RYAIX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
RYVNX vs. RYAIX — Risk / Return Rank
RYVNX
RYAIX
RYVNX vs. RYAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse NASDAQ-100 2x Strategy Fund (RYVNX) 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.
| RYVNX | RYAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 0.80 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.88 | -0.03 |
| Martin ratioReturn relative to average drawdown | -1.82 | -1.90 | +0.08 |
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Drawdowns
RYVNX vs. RYAIX - Drawdown Comparison
The maximum RYVNX drawdown since its inception was -100.00%, roughly equal to the maximum RYAIX drawdown of -98.93%. Use the drawdown chart below to compare losses from any high point for RYVNX and RYAIX.
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Drawdown Indicators
| RYVNX | RYAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -98.93% | -1.07% |
Max Drawdown (1Y)Largest decline over 1 year | -46.24% | -25.47% | -20.77% |
Max Drawdown (3Y)Largest decline over 3 years | -79.81% | -50.13% | -29.68% |
Max Drawdown (5Y)Largest decline over 5 years | -88.89% | -61.15% | -27.74% |
Max Drawdown (10Y)Largest decline over 10 years | -99.37% | -88.80% | -10.57% |
Current DrawdownCurrent decline from peak | -100.00% | -98.88% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -89.58% | -73.34% | -16.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.80% | 11.95% | +11.85% |
Volatility
RYVNX vs. RYAIX - Volatility Comparison
Rydex Inverse NASDAQ-100 2x Strategy Fund (RYVNX) has a higher volatility of 17.93% compared to Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) at 8.99%. This indicates that RYVNX's price experiences larger fluctuations and is considered to be riskier than RYAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYVNX | RYAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.93% | 8.99% | +8.94% |
Volatility (6M)Calculated over the trailing 6-month period | 29.02% | 14.61% | +14.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.02% | 18.09% | +17.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.73% | 23.14% | +22.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.31% | 22.77% | +22.54% |
RYVNX vs. RYAIX - Expense Ratio Comparison
RYVNX has a 2.49% expense ratio, which is higher than RYAIX's 1.55% expense ratio.
Dividends
RYVNX vs. RYAIX - Dividend Comparison
RYVNX's dividend yield for the trailing twelve months is around 14.61%, more than RYAIX's 2.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | 2.59% | 2.23% | 5.67% | 4.81% | 0.00% | 0.00% | 0.09% | 0.72% |
RYVNX Rydex Inverse NASDAQ-100 2x Strategy Fund | 14.61% | 10.62% | 6.03% | 4.56% | 0.00% | 0.00% | 0.25% | 0.03% |
Frequently Asked Questions
With a correlation of 1.00, RYVNX and RYAIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
RYVNX has higher volatility (17.93%) compared to RYAIX (8.99%). In terms of maximum drawdown, RYVNX dropped -100.00% vs RYAIX's -98.93%.
RYVNX currently has the higher Sharpe Ratio (-1.20 vs -1.24), 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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