RYWTX vs. RYGBX
RYWTX (Rydex Emerging Markets 2x Strategy Fund) and RYGBX (Rydex Government Long Bond 1.2x Strategy Fund) are both mutual funds - RYWTX is a Leveraged Equities fund managed by Rydex Funds, while RYGBX is a Leveraged Bonds fund managed by Rydex Funds. Over the past 10 years, RYWTX returned 7.97%/yr vs -5.63%/yr for RYGBX. Their -0.19 correlation means they have often moved in opposite directions in the past. RYWTX charges 1.82%/yr vs 0.99%/yr for RYGBX.
Performance
RYWTX vs. RYGBX - Performance Comparison
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Returns By Period
In the year-to-date period, RYWTX achieves a 1.47% return, which is significantly higher than RYGBX's -6.07% return. Over the past 10 years, RYWTX has outperformed RYGBX with an annualized return of 7.97%, while RYGBX has yielded a comparatively lower -5.63% annualized return.
RYWTX
- 1D
- 1.62%
- 1M
- 5.03%
- 6M
- -12.90%
- YTD
- 1.47%
- 1Y
- 30.99%
- 3Y*
- 20.58%
- 5Y*
- 0.74%
- 10Y*
- 7.97%
- ALL TIME*
- -1.54%
RYGBX
- 1D
- -0.82%
- 1M
- -4.90%
- 6M
- -4.91%
- YTD
- -6.07%
- 1Y
- -5.14%
- 3Y*
- -5.38%
- 5Y*
- -13.27%
- 10Y*
- -5.63%
- ALL TIME*
- 1.17%
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 |
RYWTX vs. RYGBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYWTX Rydex Emerging Markets 2x Strategy Fund | 1.47% | 69.22% | 5.96% | 21.59% | -37.87% | -36.42% | 45.21% | 48.35% | -32.80% | 74.71% |
RYGBX Rydex Government Long Bond 1.2x Strategy Fund | -6.07% | 2.19% | -12.81% | -1.05% | -40.90% | -7.28% | 21.93% | 17.50% | -5.20% | 9.93% |
Correlation
The correlation between RYWTX and RYGBX is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.02 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011 | -0.19 |
The correlation between RYWTX and RYGBX shifts across timeframes, from -0.19 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RYWTX vs. RYGBX — Risk / Return Rank
RYWTX
RYGBX
RYWTX vs. RYGBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Emerging Markets 2x Strategy Fund (RYWTX) and Rydex Government Long Bond 1.2x Strategy Fund (RYGBX). 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.
| RYWTX | RYGBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.95 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | -0.35 | +1.25 |
| Martin ratioReturn relative to average drawdown | 2.07 | -0.76 | +2.83 |
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Drawdowns
RYWTX vs. RYGBX - Drawdown Comparison
The maximum RYWTX drawdown since its inception was -78.47%, which is greater than RYGBX's maximum drawdown of -62.42%. Use the drawdown chart below to compare losses from any high point for RYWTX and RYGBX.
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Drawdown Indicators
| RYWTX | RYGBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.47% | -62.42% | -16.05% |
Max Drawdown (1Y)Largest decline over 1 year | -30.01% | -10.47% | -19.54% |
Max Drawdown (3Y)Largest decline over 3 years | -37.38% | -19.21% | -18.17% |
Max Drawdown (5Y)Largest decline over 5 years | -65.76% | -55.36% | -10.40% |
Max Drawdown (10Y)Largest decline over 10 years | -78.47% | -62.42% | -16.05% |
Current DrawdownCurrent decline from peak | -36.42% | -60.92% | +24.50% |
Average DrawdownAverage peak-to-trough decline | -49.71% | -19.71% | -30.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.08% | 4.79% | +8.29% |
Volatility
RYWTX vs. RYGBX - Volatility Comparison
Rydex Emerging Markets 2x Strategy Fund (RYWTX) has a higher volatility of 12.75% compared to Rydex Government Long Bond 1.2x Strategy Fund (RYGBX) at 2.93%. This indicates that RYWTX's price experiences larger fluctuations and is considered to be riskier than RYGBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYWTX | RYGBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.75% | 2.93% | +9.82% |
Volatility (6M)Calculated over the trailing 6-month period | 35.68% | 7.96% | +27.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.37% | 10.87% | +33.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.17% | 19.53% | +28.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.69% | 19.18% | +27.51% |
RYWTX vs. RYGBX - Expense Ratio Comparison
RYWTX has a 1.82% expense ratio, which is higher than RYGBX's 0.99% expense ratio.
Dividends
RYWTX vs. RYGBX - Dividend Comparison
RYWTX's dividend yield for the trailing twelve months is around 0.83%, less than RYGBX's 3.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYGBX Rydex Government Long Bond 1.2x Strategy Fund | 3.75% | 3.59% | 2.89% | 2.70% | 1.69% | 0.71% | 46.47% | 5.00% | 1.51% | 1.45% | 5.62% | 2.07% |
RYWTX Rydex Emerging Markets 2x Strategy Fund | 0.83% | 0.84% | 3.90% | 2.14% | 0.00% | 0.00% | 0.00% | 0.58% | 0.00% | 0.00% | 0.00% | 1.59% |
Frequently Asked Questions
RYWTX and RYGBX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYWTX has higher volatility (12.75%) compared to RYGBX (2.93%). In terms of maximum drawdown, RYWTX dropped -78.47% vs RYGBX's -62.42%.
RYWTX currently has the higher Sharpe Ratio (0.61 vs -0.34), 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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