RYWCX vs. ORIGX

Last updated Aug 1, 2026

RYWCX (Rydex S&P SmallCap 600 Pure Growth Fund) and ORIGX (North Square Spectrum Alpha Fund) are both Small Cap Growth Equities funds. Over the past 10 years, RYWCX returned 7.33%/yr vs 9.92%/yr for ORIGX. Their correlation of 0.93 means they have usually moved in the same direction. RYWCX charges 2.26%/yr vs 1.60%/yr for ORIGX.

Performance

RYWCX vs. ORIGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex S&P SmallCap 600 Pure Growth Fund (RYWCX) and North Square Spectrum Alpha Fund (ORIGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYWCX achieves a 25.73% return, which is significantly higher than ORIGX's 21.51% return. Over the past 10 years, RYWCX has underperformed ORIGX with an annualized return of 7.33%, while ORIGX has yielded a comparatively higher 9.92% annualized return.

RYWCX

• 1D: 2.25%
• 1M: -3.49%
• 6M: 19.44%
• YTD: 25.73%
• 1Y: 34.86%
• 3Y*: 14.11%
• 5Y*: 3.50%
• 10Y*: 7.33%
• ALL TIME*: 6.75%

ORIGX

• 1D: 0.83%
• 1M: -0.91%
• 6M: 15.87%
• YTD: 21.51%
• 1Y: 36.47%
• 3Y*: 17.81%
• 5Y*: 7.02%
• 10Y*: 9.92%
• ALL TIME*: 9.43%

*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)
ORIGX North Square Spectrum Alpha Fund	$0.00	$0.00	$0.00
RYWCX Rydex S&P SmallCap 600 Pure Growth Fund	$0.00	$0.00	$0.00

RYWCX vs. ORIGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYWCX Rydex S&P SmallCap 600 Pure Growth Fund	25.73%	7.76%	7.20%	17.03%	-30.33%	16.37%	15.23%	11.58%	-9.55%	15.23%
ORIGX North Square Spectrum Alpha Fund	21.51%	9.45%	15.06%	24.70%	-27.57%	10.38%	29.92%	22.34%	-7.09%	18.20%

Correlation

The correlation between RYWCX and ORIGX is 0.94, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.94
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (10Y) Provides a long-term view across more market conditions.	0.92
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005	0.93

The correlation between RYWCX and ORIGX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

RYWCX vs. ORIGX — Risk / Return Rank

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

RYWCX

RYWCX Risk / Return Rank: 77
RYWCX Sharpe Ratio Rank: 71
RYWCX Sortino Ratio Rank: 74
RYWCX Omega Ratio Rank: 62
RYWCX Calmar Ratio Rank: 92
RYWCX Martin Ratio Rank: 87

ORIGX

ORIGX Risk / Return Rank: 80
ORIGX Sharpe Ratio Rank: 77
ORIGX Sortino Ratio Rank: 77
ORIGX Omega Ratio Rank: 72
ORIGX Calmar Ratio Rank: 91
ORIGX Martin Ratio Rank: 85

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.

RYWCX vs. ORIGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex S&P SmallCap 600 Pure Growth Fund (RYWCX) and North Square Spectrum Alpha Fund (ORIGX). 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.

	RYWCX	ORIGX	Difference
Sharpe ratio: Return per unit of total volatility	1.69	1.83	-0.14
Sortino ratio: Return per unit of downside risk	2.57	2.66	-0.09
Omega ratio: Gain probability vs. loss probability	1.29	1.32	-0.03
Calmar ratio: Return relative to maximum drawdown	3.77	3.46	+0.32
Martin ratio: Return relative to average drawdown	11.60	10.72	+0.88

RYWCX vs. ORIGX - Sharpe Ratio Comparison

The current RYWCX Sharpe Ratio is 1.69, which is comparable to the ORIGX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of RYWCX and ORIGX, 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

RYWCX vs. ORIGX - Drawdown Comparison

The maximum RYWCX drawdown since its inception was -60.64%, which is greater than ORIGX's maximum drawdown of -49.06%. Use the drawdown chart below to compare losses from any high point for RYWCX and ORIGX.

Drawdown Indicators

	RYWCX	ORIGX	Difference
Max Drawdown Largest peak-to-trough decline	-60.64%	-49.06%	-11.58%
Max Drawdown (1Y) Largest decline over 1 year	-8.49%	-9.55%	+1.06%
Max Drawdown (3Y) Largest decline over 3 years	-26.39%	-26.25%	-0.14%
Max Drawdown (5Y) Largest decline over 5 years	-40.28%	-38.60%	-1.68%
Max Drawdown (10Y) Largest decline over 10 years	-54.65%	-39.38%	-15.27%
Current Drawdown Current decline from peak	-5.02%	-2.24%	-2.78%
Average Drawdown Average peak-to-trough decline	-13.37%	-10.76%	-2.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	3.07%	-0.31%

Volatility

RYWCX vs. ORIGX - Volatility Comparison

Rydex S&P SmallCap 600 Pure Growth Fund (RYWCX) has a higher volatility of 5.65% compared to North Square Spectrum Alpha Fund (ORIGX) at 3.87%. This indicates that RYWCX's price experiences larger fluctuations and is considered to be riskier than ORIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYWCX	ORIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.65%	3.87%	+1.78%
Volatility (6M) Calculated over the trailing 6-month period	14.48%	13.06%	+1.42%
Volatility (1Y) Calculated over the trailing 1-year period	18.97%	18.06%	+0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.92%	21.85%	+1.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.72%	21.52%	+3.20%

RYWCX vs. ORIGX - Expense Ratio Comparison

RYWCX has a 2.26% expense ratio, which is higher than ORIGX's 1.60% expense ratio.

Dividends

RYWCX vs. ORIGX - Dividend Comparison

RYWCX has not paid dividends to shareholders, while ORIGX's dividend yield for the trailing twelve months is around 0.48%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ORIGX North Square Spectrum Alpha Fund	0.48%	0.00%	0.00%	0.00%	78.80%	15.09%	12.73%	16.48%	20.15%	146.42%	6.54%	6.73%
RYWCX Rydex S&P SmallCap 600 Pure Growth Fund	0.00%	0.00%	14.52%	0.00%	0.00%	59.93%	0.00%	0.00%	9.26%	3.92%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RYWCX and ORIGX in my portfolio?

With a correlation of 0.94, RYWCX and ORIGX 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.

Which is riskier, RYWCX or ORIGX?

RYWCX has higher volatility (5.65%) compared to ORIGX (3.87%). In terms of maximum drawdown, RYWCX dropped -60.64% vs ORIGX's -49.06%.

Which has better risk-adjusted returns?

ORIGX currently has the higher Sharpe Ratio (1.83 vs 1.69), 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.