RYWWX vs. RYURX
RYWWX (Rydex Inverse Emerging Markets 2x Strategy Fund) and RYURX (Rydex Inverse S&P 500 Strategy Fund) are both Inverse Equities funds from Rydex Funds. Over the past 10 years, RYWWX returned -26.08%/yr vs -12.47%/yr for RYURX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. RYWWX charges 1.87%/yr vs 1.49%/yr for RYURX.
Performance
RYWWX vs. RYURX - 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 RYURX's -6.06% return. Over the past 10 years, RYWWX has underperformed RYURX with an annualized return of -26.08%, while RYURX has yielded a comparatively higher -12.47% 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%
RYURX
- 1D
- -1.56%
- 1M
- 0.93%
- 6M
- -5.19%
- YTD
- -6.06%
- 1Y
- -12.58%
- 3Y*
- -10.49%
- 5Y*
- -7.99%
- 10Y*
- -12.47%
- ALL TIME*
- -10.18%
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. RYURX - 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% |
RYURX Rydex Inverse S&P 500 Strategy Fund | -6.06% | -11.41% | -13.04% | -14.56% | 17.56% | -24.19% | -24.90% | -22.65% | 4.33% | -17.38% |
Correlation
The correlation between RYWWX and RYURX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011 | 0.71 |
The correlation between RYWWX and RYURX has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.
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Return for Risk
RYWWX vs. RYURX — Risk / Return Rank
RYWWX
RYURX
RYWWX vs. RYURX - 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 Inverse S&P 500 Strategy Fund (RYURX). 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 | RYURX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.87 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.67 | -0.10 |
| Martin ratioReturn relative to average drawdown | -1.08 | -1.21 | +0.13 |
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Drawdowns
RYWWX vs. RYURX - Drawdown Comparison
The maximum RYWWX drawdown since its inception was -98.12%, roughly equal to the maximum RYURX drawdown of -96.72%. Use the drawdown chart below to compare losses from any high point for RYWWX and RYURX.
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Drawdown Indicators
| RYWWX | RYURX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.12% | -96.72% | -1.40% |
Max Drawdown (1Y)Largest decline over 1 year | -42.47% | -16.08% | -26.39% |
Max Drawdown (3Y)Largest decline over 3 years | -75.97% | -38.48% | -37.49% |
Max Drawdown (5Y)Largest decline over 5 years | -84.06% | -44.10% | -39.96% |
Max Drawdown (10Y)Largest decline over 10 years | -95.68% | -75.17% | -20.51% |
Current DrawdownCurrent decline from peak | -97.87% | -96.63% | -1.24% |
Average DrawdownAverage peak-to-trough decline | -68.89% | -69.05% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.63% | 8.97% | +21.66% |
Volatility
RYWWX vs. RYURX - Volatility Comparison
Rydex Inverse Emerging Markets 2x Strategy Fund (RYWWX) has a higher volatility of 13.36% compared to Rydex Inverse S&P 500 Strategy Fund (RYURX) at 3.38%. This indicates that RYWWX's price experiences larger fluctuations and is considered to be riskier than RYURX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYWWX | RYURX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.36% | 3.38% | +9.98% |
Volatility (6M)Calculated over the trailing 6-month period | 35.51% | 10.05% | +25.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.19% | 12.78% | +31.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.95% | 17.11% | +30.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.58% | 18.11% | +28.47% |
RYWWX vs. RYURX - Expense Ratio Comparison
RYWWX has a 1.87% expense ratio, which is higher than RYURX's 1.49% expense ratio.
Dividends
RYWWX vs. RYURX - Dividend Comparison
RYWWX's dividend yield for the trailing twelve months is around 5.65%, more than RYURX's 4.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYURX Rydex Inverse S&P 500 Strategy Fund | 4.06% | 3.82% | 6.78% | 2.79% | 0.00% | 0.00% | 0.42% | 0.86% |
RYWWX Rydex Inverse Emerging Markets 2x Strategy Fund | 5.65% | 5.00% | 5.36% | 3.28% | 0.00% | 0.00% | 0.00% | 1.06% |
Frequently Asked Questions
RYWWX and RYURX have a correlation of 0.70, 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 RYURX (3.38%). In terms of maximum drawdown, RYWWX dropped -98.12% vs RYURX's -96.72%.
RYWWX currently has the higher Sharpe Ratio (-0.75 vs -0.85), 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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