RYVVX vs. RYRRX

Last updated Aug 1, 2026

RYVVX (Rydex S&P 500 Pure Value Fund) and RYRRX (Rydex Russell 2000 Fund) are both mutual funds - RYVVX is a Large Cap Value Equities fund managed by Rydex Funds, while RYRRX is a Small Cap Blend Equities fund managed by Rydex Funds. Over the past 10 years, RYVVX returned 8.74%/yr vs 8.90%/yr for RYRRX. Their correlation of 0.83 means they have usually moved in the same direction. RYVVX charges 2.26%/yr vs 1.60%/yr for RYRRX.

Performance

RYVVX vs. RYRRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex S&P 500 Pure Value Fund (RYVVX) and Rydex Russell 2000 Fund (RYRRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYVVX achieves a 15.34% return, which is significantly lower than RYRRX's 18.26% return. Both investments have delivered pretty close results over the past 10 years, with RYVVX having a 8.74% annualized return and RYRRX not far ahead at 8.90%.

RYVVX

• 1D: -0.46%
• 1M: 2.99%
• 6M: 11.25%
• YTD: 15.34%
• 1Y: 31.55%
• 3Y*: 14.37%
• 5Y*: 9.96%
• 10Y*: 8.74%
• ALL TIME*: 5.91%

RYRRX

• 1D: 1.36%
• 1M: -1.78%
• 6M: 12.38%
• YTD: 18.26%
• 1Y: 35.28%
• 3Y*: 13.37%
• 5Y*: 5.53%
• 10Y*: 8.90%
• ALL TIME*: 6.69%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RYRRX Rydex Russell 2000 Fund	$0.00	$0.00	$0.00
RYVVX Rydex S&P 500 Pure Value Fund	$0.00	$0.00	$0.00

RYVVX vs. RYRRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYVVX Rydex S&P 500 Pure Value Fund	15.34%	15.67%	9.88%	5.72%	-3.31%	31.12%	-10.98%	22.34%	-13.91%	15.07%
RYRRX Rydex Russell 2000 Fund	18.26%	10.88%	9.72%	15.17%	-21.70%	13.23%	17.81%	23.57%	-12.58%	12.88%

Correlation

The correlation between RYVVX and RYRRX is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.54
Correlation (3Y) Balances recent behavior with more history.	0.71
Correlation (5Y) Shows whether the relationship held over a longer period.	0.77
Correlation (10Y) Provides a long-term view across more market conditions.	0.79
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007	0.83

Over the past year, the correlation between RYVVX and RYRRX has dropped to 0.54 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.

Return for Risk

RYVVX vs. RYRRX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RYVVX

RYVVX Risk / Return Rank: 89
RYVVX Sharpe Ratio Rank: 91
RYVVX Sortino Ratio Rank: 89
RYVVX Omega Ratio Rank: 83
RYVVX Calmar Ratio Rank: 92
RYVVX Martin Ratio Rank: 91

RYRRX

RYRRX Risk / Return Rank: 72
RYRRX Sharpe Ratio Rank: 69
RYRRX Sortino Ratio Rank: 68
RYRRX Omega Ratio Rank: 61
RYRRX Calmar Ratio Rank: 82
RYRRX Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RYVVX vs. RYRRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex S&P 500 Pure Value Fund (RYVVX) and Rydex Russell 2000 Fund (RYRRX). 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.

	RYVVX	RYRRX	Difference
Sharpe ratio: Return per unit of total volatility	2.33	1.62	+0.71
Sortino ratio: Return per unit of downside risk	3.36	2.33	+1.03
Omega ratio: Gain probability vs. loss probability	1.40	1.27	+0.12
Calmar ratio: Return relative to maximum drawdown	3.65	2.75	+0.90
Martin ratio: Return relative to average drawdown	12.92	9.71	+3.21

RYVVX vs. RYRRX - Sharpe Ratio Comparison

The current RYVVX Sharpe Ratio is 2.33, which is higher than the RYRRX Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of RYVVX and RYRRX, 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

RYVVX vs. RYRRX - Drawdown Comparison

The maximum RYVVX drawdown since its inception was -82.48%, which is greater than RYRRX's maximum drawdown of -60.36%. Use the drawdown chart below to compare losses from any high point for RYVVX and RYRRX.

Drawdown Indicators

	RYVVX	RYRRX	Difference
Max Drawdown Largest peak-to-trough decline	-82.48%	-60.36%	-22.12%
Max Drawdown (1Y) Largest decline over 1 year	-7.95%	-11.43%	+3.48%
Max Drawdown (3Y) Largest decline over 3 years	-15.44%	-28.03%	+12.59%
Max Drawdown (5Y) Largest decline over 5 years	-23.78%	-33.02%	+9.24%
Max Drawdown (10Y) Largest decline over 10 years	-51.41%	-42.84%	-8.57%
Current Drawdown Current decline from peak	-1.44%	-2.72%	+1.28%
Average Drawdown Average peak-to-trough decline	-16.84%	-12.14%	-4.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	3.23%	-0.98%

Volatility

RYVVX vs. RYRRX - Volatility Comparison

The current volatility for Rydex S&P 500 Pure Value Fund (RYVVX) is 3.11%, while Rydex Russell 2000 Fund (RYRRX) has a volatility of 3.81%. This indicates that RYVVX experiences smaller price fluctuations and is considered to be less risky than RYRRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYVVX	RYRRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.11%	3.81%	-0.70%
Volatility (6M) Calculated over the trailing 6-month period	8.19%	14.13%	-5.94%
Volatility (1Y) Calculated over the trailing 1-year period	12.43%	19.40%	-6.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.56%	22.53%	-4.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.76%	23.42%	-1.66%

RYVVX vs. RYRRX - Expense Ratio Comparison

RYVVX has a 2.26% expense ratio, which is higher than RYRRX's 1.60% expense ratio.

Dividends

RYVVX vs. RYRRX - Dividend Comparison

RYVVX's dividend yield for the trailing twelve months is around 0.21%, less than RYRRX's 0.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYRRX Rydex Russell 2000 Fund	0.55%	0.65%	1.02%	0.19%	0.00%	12.84%	0.00%	1.46%	0.00%	4.82%	0.00%	2.66%
RYVVX Rydex S&P 500 Pure Value Fund	0.21%	0.25%	1.16%	2.24%	2.86%	2.87%	1.13%	1.17%	10.39%	1.30%	1.04%	9.15%

Frequently Asked Questions

Can I hold both RYVVX and RYRRX in my portfolio?

RYVVX and RYRRX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYVVX or RYRRX?

RYRRX has higher volatility (3.81%) compared to RYVVX (3.11%). In terms of maximum drawdown, RYVVX dropped -82.48% vs RYRRX's -60.36%.

Which has better risk-adjusted returns?

RYVVX currently has the higher Sharpe Ratio (2.33 vs 1.62), 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.