RYVNX vs. SPXL
Compare and contrast key facts about Rydex Inverse NASDAQ-100 2x Strategy Fund (RYVNX) and Direxion Daily S&P 500 Bull 3X Shares (SPXL).
RYVNX is managed by Rydex Funds. It was launched on May 22, 2000. SPXL is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (300%). It was launched on Nov 5, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYVNX or SPXL.
Key characteristics
| RYVNX | SPXL | |
|---|---|---|
| YTD Return | -30.40% | 65.10% |
| 1Y Return | -37.77% | 93.38% |
| 3Y Return (Ann) | -21.68% | 7.95% |
| 5Y Return (Ann) | -40.65% | 24.06% |
| 10Y Return (Ann) | -35.70% | 23.93% |
| Sharpe Ratio | -1.08 | 2.59 |
| Sortino Ratio | -1.65 | 2.97 |
| Omega Ratio | 0.82 | 1.41 |
| Calmar Ratio | -0.38 | 2.45 |
| Martin Ratio | -1.41 | 15.50 |
| Ulcer Index | 26.88% | 6.05% |
| Daily Std Dev | 35.13% | 36.21% |
| Max Drawdown | -99.98% | -76.86% |
| Current Drawdown | -99.98% | -6.65% |
Correlation
The correlation between RYVNX and SPXL is -0.90. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
RYVNX vs. SPXL - Performance Comparison
In the year-to-date period, RYVNX achieves a -30.40% return, which is significantly lower than SPXL's 65.10% return. Over the past 10 years, RYVNX has underperformed SPXL with an annualized return of -35.70%, while SPXL has yielded a comparatively higher 23.93% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RYVNX vs. SPXL - Expense Ratio Comparison
RYVNX has a 2.49% expense ratio, which is higher than SPXL's 1.02% expense ratio.
Risk-Adjusted Performance
RYVNX vs. SPXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse NASDAQ-100 2x Strategy Fund (RYVNX) and Direxion Daily S&P 500 Bull 3X Shares (SPXL). 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.
Dividends
RYVNX vs. SPXL - Dividend Comparison
RYVNX's dividend yield for the trailing twelve months is around 6.55%, more than SPXL's 0.72% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
RYVNX Rydex Inverse NASDAQ-100 2x Strategy Fund | 6.55% | 4.56% | 0.00% | 0.00% | 0.25% | 0.03% | 0.00% | 0.00% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.72% | 0.98% | 0.33% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% |
Drawdowns
RYVNX vs. SPXL - Drawdown Comparison
The maximum RYVNX drawdown since its inception was -99.98%, which is greater than SPXL's maximum drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for RYVNX and SPXL. For additional features, visit the drawdowns tool.
Volatility
RYVNX vs. SPXL - Volatility Comparison
The current volatility for Rydex Inverse NASDAQ-100 2x Strategy Fund (RYVNX) is 11.25%, while Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a volatility of 12.23%. This indicates that RYVNX experiences smaller price fluctuations and is considered to be less risky than SPXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.