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 7.11%/yr vs -19.27%/yr for RYAIX. At a correlation of -0.76, they often move in opposite directions. 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 17.04% return, which is significantly higher than RYAIX's -17.26% return. Over the past 10 years, RYWCX has outperformed RYAIX with an annualized return of 7.11%, while RYAIX has yielded a comparatively lower -19.27% annualized return.
RYWCX
- 1D
- -0.08%
- 1M
- -1.66%
- YTD
- 17.04%
- 6M
- 15.35%
- 1Y
- 28.08%
- 3Y*
- 14.52%
- 5Y*
- 2.37%
- 10Y*
- 7.11%
RYAIX
- 1D
- 0.30%
- 1M
- -8.23%
- YTD
- -17.26%
- 6M
- -15.89%
- 1Y
- -26.83%
- 3Y*
- -19.19%
- 5Y*
- -14.72%
- 10Y*
- -19.27%
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 | 17.04% | 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 | -17.26% | -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 -0.64, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2005 | -0.76 |
The correlation between RYWCX and RYAIX shifts across timeframes, from -0.76 (all time) to -0.62 (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.
| RYWCX | RYAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.21 | ||
| Sortino ratioReturn per unit of downside risk | +4.81 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.73 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | -0.98 | +4.28 |
| Martin ratioReturn relative to average drawdown | 10.78 | -2.15 | +12.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RYWCX | RYAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | -1.68 | +3.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | -0.65 | +0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | -0.85 | +1.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | -0.17 | +0.43 |
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% | -27.64% | +19.15% |
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% | -89.04% | +34.39% |
Current DrawdownCurrent decline from peak | -1.78% | -98.93% | +97.15% |
Average DrawdownAverage peak-to-trough decline | -13.45% | -73.30% | +59.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 12.59% | -9.99% |
Volatility
RYWCX vs. RYAIX - Volatility Comparison
Rydex S&P SmallCap 600 Pure Growth Fund (RYWCX) and Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) have volatilities of 4.62% and 4.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 4.62% | 4.53% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 13.27% | 12.35% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.30% | 16.17% | +2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.86% | 22.85% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.72% | 22.66% | +2.06% |
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 2.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | 2.69% | 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 -0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYWCX has higher volatility (4.62%) compared to RYAIX (4.53%). In terms of maximum drawdown, RYWCX dropped -60.64% vs RYAIX's -98.93%.
RYWCX currently has the higher Sharpe Ratio (1.53 vs -1.68), 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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