RYWWX vs. DRCVX

Last updated Jun 23, 2026

RYWWX (Rydex Inverse Emerging Markets 2x Strategy Fund) and DRCVX (Comstock Capital Value Fund) are both Inverse Equities funds. Over the past 10 years, RYWWX returned -27.36%/yr vs -4.23%/yr for DRCVX. At a 0.35 correlation, their price movements are largely independent. RYWWX charges 1.87%/yr vs 0.00%/yr for DRCVX.

Performance

RYWWX vs. DRCVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Inverse Emerging Markets 2x Strategy Fund (RYWWX) and Comstock Capital Value Fund (DRCVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYWWX achieves a -11.34% return, which is significantly lower than DRCVX's 2.94% return. Over the past 10 years, RYWWX has underperformed DRCVX with an annualized return of -27.36%, while DRCVX has yielded a comparatively higher -4.23% annualized return.

RYWWX

• 1D: -3.17%
• 1M: 2.18%
• YTD: -11.34%
• 6M: -11.27%
• 1Y: -39.65%
• 3Y*: -30.50%
• 5Y*: -19.49%
• 10Y*: -27.36%

DRCVX

• 1D: 0.22%
• 1M: -0.00%
• YTD: 2.94%
• 6M: 2.64%
• 1Y: 8.90%
• 3Y*: 7.58%
• 5Y*: 5.15%
• 10Y*: -4.23%

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

RYWWX vs. DRCVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYWWX Rydex Inverse Emerging Markets 2x Strategy Fund	-11.34%	-51.31%	-17.03%	-28.06%	2.55%	17.09%	-57.70%	-39.99%	23.02%	-47.98%
DRCVX Comstock Capital Value Fund	2.94%	11.55%	2.02%	6.55%	4.13%	-2.16%	-5.36%	-25.76%	7.76%	-20.58%

Correlation

The correlation between RYWWX and DRCVX is -0.37, 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	-0.37
Correlation (3Y) Calculated over the trailing 3-year period	-0.43
Correlation (5Y) Calculated over the trailing 5-year period	-0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011	0.35

The correlation between RYWWX and DRCVX shifts across timeframes, from -0.43 (3 years) to 0.35 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RYWWX vs. DRCVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RYWWX

RYWWX Risk / Return Rank: 1
RYWWX Sharpe Ratio Rank: 1
RYWWX Sortino Ratio Rank: 1
RYWWX Omega Ratio Rank: 1
RYWWX Calmar Ratio Rank: 0
RYWWX Martin Ratio Rank: 1

DRCVX

DRCVX Risk / Return Rank: 97
DRCVX Sharpe Ratio Rank: 95
DRCVX Sortino Ratio Rank: 96
DRCVX Omega Ratio Rank: 95
DRCVX Calmar Ratio Rank: 99
DRCVX Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RYWWX vs. DRCVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse Emerging Markets 2x Strategy Fund (RYWWX) and Comstock Capital Value Fund (DRCVX). 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.

	RYWWX	DRCVX	Difference
Sharpe ratio: Return per unit of total volatility	-0.90	3.08	-3.98
Sortino ratio: Return per unit of downside risk	-1.25	4.95	-6.20
Omega ratio: Gain probability vs. loss probability	0.86	1.73	-0.88
Calmar ratio: Return relative to maximum drawdown	-0.82	10.03	-10.85
Martin ratio: Return relative to average drawdown	-1.14	35.99	-37.13

RYWWX vs. DRCVX - Sharpe Ratio Comparison

The current RYWWX Sharpe Ratio is -0.90, which is lower than the DRCVX Sharpe Ratio of 3.08. The chart below compares the historical Sharpe Ratios of RYWWX and DRCVX, 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

RYWWX vs. DRCVX - Drawdown Comparison

The maximum RYWWX drawdown since its inception was -98.12%, roughly equal to the maximum DRCVX drawdown of -97.47%. Use the drawdown chart below to compare losses from any high point for RYWWX and DRCVX.

Drawdown Indicators

	RYWWX	DRCVX	Difference
Max Drawdown Largest peak-to-trough decline	-98.12%	-97.47%	-0.65%
Max Drawdown (1Y) Largest decline over 1 year	-46.32%	-0.89%	-45.43%
Max Drawdown (3Y) Largest decline over 3 years	-75.97%	-3.82%	-72.15%
Max Drawdown (5Y) Largest decline over 5 years	-84.06%	-4.08%	-79.98%
Max Drawdown (10Y) Largest decline over 10 years	-96.66%	-54.27%	-42.39%
Current Drawdown Current decline from peak	-97.87%	-96.62%	-1.25%
Average Drawdown Average peak-to-trough decline	-68.68%	-65.92%	-2.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.45%	0.25%	+33.20%

Volatility

RYWWX vs. DRCVX - Volatility Comparison

Rydex Inverse Emerging Markets 2x Strategy Fund (RYWWX) has a higher volatility of 14.58% compared to Comstock Capital Value Fund (DRCVX) at 0.90%. This indicates that RYWWX's price experiences larger fluctuations and is considered to be riskier than DRCVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYWWX	DRCVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.58%	0.90%	+13.68%
Volatility (6M) Calculated over the trailing 6-month period	34.57%	1.91%	+32.66%
Volatility (1Y) Calculated over the trailing 1-year period	42.55%	2.92%	+39.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.01%	4.57%	+43.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.61%	9.78%	+36.83%

RYWWX vs. DRCVX - Expense Ratio Comparison

RYWWX has a 1.87% expense ratio, which is higher than DRCVX's 0.00% expense ratio.

Dividends

RYWWX vs. DRCVX - Dividend Comparison

RYWWX's dividend yield for the trailing twelve months is around 5.64%, more than DRCVX's 1.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DRCVX Comstock Capital Value Fund	1.91%	1.96%	0.00%	1.71%	0.00%	0.00%	0.00%	0.00%
RYWWX Rydex Inverse Emerging Markets 2x Strategy Fund	5.64%	5.00%	5.36%	3.28%	0.00%	0.00%	0.00%	1.06%

Frequently Asked Questions

Can I hold both RYWWX and DRCVX in my portfolio?

RYWWX and DRCVX have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYWWX or DRCVX?

RYWWX has higher volatility (14.58%) compared to DRCVX (0.90%). In terms of maximum drawdown, RYWWX dropped -98.12% vs DRCVX's -97.47%.

Which has better risk-adjusted returns?

DRCVX currently has the higher Sharpe Ratio (3.08 vs -0.90), 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.