RYWWX vs. RYCKX
RYWWX (Rydex Inverse Emerging Markets 2x Strategy Fund) and RYCKX (Rydex S&P MidCap 400 Pure Growth Fund) are both mutual funds - RYWWX is a Inverse Equities fund managed by Rydex Funds, while RYCKX is a Mid Cap Growth Equities fund managed by Rydex Funds. Over the past 10 years, RYWWX returned -26.08%/yr vs 7.23%/yr for RYCKX. Their -0.65 correlation means they have often moved in opposite directions in the past. RYWWX charges 1.87%/yr vs 2.26%/yr for RYCKX.
Performance
RYWWX vs. RYCKX - Performance Comparison
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Returns By Period
In the year-to-date period, RYWWX achieves a -11.52% return, which is significantly lower than RYCKX's 12.35% return. Over the past 10 years, RYWWX has underperformed RYCKX with an annualized return of -26.08%, while RYCKX has yielded a comparatively higher 7.23% annualized return.
RYWWX
- 1D
- -6.74%
- 1M
- -4.78%
- 6M
- 2.89%
- YTD
- -11.52%
- 1Y
- -34.70%
- 3Y*
- -28.35%
- 5Y*
- -20.73%
- 10Y*
- -26.08%
- ALL TIME*
- -19.84%
RYCKX
- 1D
- 2.48%
- 1M
- -4.87%
- 6M
- 7.29%
- YTD
- 12.35%
- 1Y
- 17.29%
- 3Y*
- 11.54%
- 5Y*
- 4.05%
- 10Y*
- 7.23%
- ALL TIME*
- 7.68%
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 |
RYWWX vs. RYCKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYWWX Rydex Inverse Emerging Markets 2x Strategy Fund | -11.52% | -51.31% | -17.03% | -28.06% | 2.55% | 17.09% | -57.70% | -39.99% | 23.02% | -47.98% |
RYCKX Rydex S&P MidCap 400 Pure Growth Fund | 12.35% | 6.61% | 15.10% | 13.97% | -23.05% | 11.26% | 29.72% | 14.60% | -15.17% | 18.02% |
Correlation
The correlation between RYWWX and RYCKX is -0.61, 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. | -0.61 |
Correlation (3Y) Balances recent behavior with more history. | -0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.62 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.63 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011 | -0.65 |
The correlation between RYWWX and RYCKX has been stable across timeframes, ranging from -0.65 to -0.58 - a consistent structural relationship.
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Return for Risk
RYWWX vs. RYCKX — Risk / Return Rank
RYWWX
RYCKX
RYWWX vs. RYCKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse Emerging Markets 2x Strategy Fund (RYWWX) and Rydex S&P MidCap 400 Pure Growth Fund (RYCKX). 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 | RYCKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -2.06 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.13 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 1.31 | -2.09 |
| Martin ratioReturn relative to average drawdown | -1.08 | 4.47 | -5.55 |
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Drawdowns
RYWWX vs. RYCKX - Drawdown Comparison
The maximum RYWWX drawdown since its inception was -98.12%, which is greater than RYCKX's maximum drawdown of -52.60%. Use the drawdown chart below to compare losses from any high point for RYWWX and RYCKX.
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Drawdown Indicators
| RYWWX | RYCKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.12% | -52.60% | -45.52% |
Max Drawdown (1Y)Largest decline over 1 year | -42.47% | -10.50% | -31.97% |
Max Drawdown (3Y)Largest decline over 3 years | -75.97% | -27.14% | -48.83% |
Max Drawdown (5Y)Largest decline over 5 years | -84.06% | -35.98% | -48.08% |
Max Drawdown (10Y)Largest decline over 10 years | -95.68% | -44.75% | -50.93% |
Current DrawdownCurrent decline from peak | -97.87% | -7.89% | -89.98% |
Average DrawdownAverage peak-to-trough decline | -68.89% | -9.47% | -59.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.63% | 3.16% | +27.47% |
Volatility
RYWWX vs. RYCKX - Volatility Comparison
Rydex Inverse Emerging Markets 2x Strategy Fund (RYWWX) has a higher volatility of 13.36% compared to Rydex S&P MidCap 400 Pure Growth Fund (RYCKX) at 6.19%. This indicates that RYWWX's price experiences larger fluctuations and is considered to be riskier than RYCKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYWWX | RYCKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.36% | 6.19% | +7.17% |
Volatility (6M)Calculated over the trailing 6-month period | 35.51% | 16.24% | +19.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.19% | 19.70% | +24.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.95% | 22.97% | +24.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.58% | 23.11% | +23.47% |
RYWWX vs. RYCKX - Expense Ratio Comparison
RYWWX has a 1.87% expense ratio, which is lower than RYCKX's 2.26% expense ratio.
Dividends
RYWWX vs. RYCKX - Dividend Comparison
RYWWX's dividend yield for the trailing twelve months is around 5.65%, while RYCKX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYCKX Rydex S&P MidCap 400 Pure Growth Fund | 0.00% | 0.00% | 20.92% | 0.00% | 14.34% | 13.66% | 1.29% | 0.00% | 18.93% | 7.60% | 1.72% | 5.90% |
RYWWX Rydex Inverse Emerging Markets 2x Strategy Fund | 5.65% | 5.00% | 5.36% | 3.28% | 0.00% | 0.00% | 0.00% | 1.06% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RYWWX and RYCKX have a correlation of -0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYWWX has higher volatility (13.36%) compared to RYCKX (6.19%). In terms of maximum drawdown, RYWWX dropped -98.12% vs RYCKX's -52.60%.
RYCKX currently has the higher Sharpe Ratio (0.70 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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