RYWCX vs. RYAIX
RYWCX (Rydex S&P SmallCap 600 Pure Growth Fund) and RYAIX (Rydex Inverse NASDAQ-100 Strategy Fund) are both mutual funds - RYWCX is a Small Cap Growth Equities fund managed by Rydex Funds, while RYAIX is a Inverse Equities fund managed by Rydex Funds. Over the past 10 years, RYWCX returned 7.33%/yr vs -18.03%/yr for RYAIX. Their -0.76 correlation means they have often moved in opposite directions in the past. RYWCX charges 2.26%/yr vs 1.55%/yr for RYAIX.
Performance
RYWCX vs. RYAIX - Performance Comparison
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Returns By Period
In the year-to-date period, RYWCX achieves a 25.73% return, which is significantly higher than RYAIX's -9.23% return. Over the past 10 years, RYWCX has outperformed RYAIX with an annualized return of 7.33%, while RYAIX has yielded a comparatively lower -18.03% 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%
RYAIX
- 1D
- -3.29%
- 1M
- 5.63%
- 6M
- -8.48%
- YTD
- -9.23%
- 1Y
- -16.78%
- 3Y*
- -14.70%
- 5Y*
- -11.60%
- 10Y*
- -18.03%
- ALL TIME*
- -14.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RYWCX vs. RYAIX - 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% |
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | -9.23% | -15.63% | -15.64% | -31.71% | 35.92% | -24.88% | -40.98% | -27.65% | -2.63% | -24.47% |
Correlation
The correlation between RYWCX and RYAIX is -0.66, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.66 |
Correlation (3Y) Balances recent behavior with more history. | -0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.72 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | -0.76 |
The correlation between RYWCX and RYAIX shifts across timeframes, from -0.76 (all time) to -0.64 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
RYWCX vs. RYAIX — Risk / Return Rank
RYWCX
RYAIX
RYWCX vs. RYAIX - 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 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.
| RYWCX | RYAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.44 | ||
| Sortino ratioReturn per unit of downside risk | +3.57 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.89 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.77 | -0.57 | +4.35 |
| Martin ratioReturn relative to average drawdown | 11.60 | -1.12 | +12.72 |
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Drawdowns
RYWCX vs. RYAIX - Drawdown Comparison
The maximum RYWCX drawdown since its inception was -60.64%, smaller than the maximum RYAIX drawdown of -98.93%. Use the drawdown chart below to compare losses from any high point for RYWCX and RYAIX.
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Drawdown Indicators
| RYWCX | RYAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.64% | -98.93% | +38.29% |
Max Drawdown (1Y)Largest decline over 1 year | -8.49% | -25.47% | +16.98% |
Max Drawdown (3Y)Largest decline over 3 years | -26.39% | -50.13% | +23.74% |
Max Drawdown (5Y)Largest decline over 5 years | -40.28% | -61.15% | +20.87% |
Max Drawdown (10Y)Largest decline over 10 years | -54.65% | -87.73% | +33.08% |
Current DrawdownCurrent decline from peak | -5.02% | -98.82% | +93.80% |
Average DrawdownAverage peak-to-trough decline | -13.37% | -73.43% | +60.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 12.97% | -10.21% |
Volatility
RYWCX vs. RYAIX - Volatility Comparison
The current volatility for Rydex S&P SmallCap 600 Pure Growth Fund (RYWCX) is 5.65%, while Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) has a volatility of 7.09%. This indicates that RYWCX experiences smaller price fluctuations and is considered to be less risky 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
| RYWCX | RYAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.65% | 7.09% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 14.48% | 16.22% | -1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.97% | 19.55% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 23.36% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.72% | 22.86% | +1.86% |
RYWCX vs. RYAIX - Expense Ratio Comparison
RYWCX has a 2.26% expense ratio, which is higher than RYAIX's 1.55% expense ratio.
Dividends
RYWCX vs. RYAIX - Dividend Comparison
RYWCX has not paid dividends to shareholders, while RYAIX's dividend yield for the trailing twelve months is around 2.46%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | 2.46% | 2.23% | 5.67% | 4.81% | 0.00% | 0.00% | 0.09% | 0.72% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
RYWCX and RYAIX have a correlation of -0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYAIX has higher volatility (7.09%) compared to RYWCX (5.65%). In terms of maximum drawdown, RYWCX dropped -60.64% vs RYAIX's -98.93%.
RYWCX currently has the higher Sharpe Ratio (1.69 vs -0.75), 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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