RYWWX vs. RYVNX
RYWWX (Rydex Inverse Emerging Markets 2x Strategy Fund) and RYVNX (Rydex Inverse NASDAQ-100 2x Strategy Fund) are both Inverse Equities funds from Rydex Funds. Over the past 10 years, RYWWX returned -26.08%/yr vs -37.52%/yr for RYVNX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. RYWWX charges 1.87%/yr vs 2.49%/yr for RYVNX.
Performance
RYWWX vs. RYVNX - Performance Comparison
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Returns By Period
In the year-to-date period, RYWWX achieves a -11.52% return, which is significantly higher than RYVNX's -22.02% return. Over the past 10 years, RYWWX has outperformed RYVNX with an annualized return of -26.08%, while RYVNX has yielded a comparatively lower -37.52% 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%
RYVNX
- 1D
- -6.50%
- 1M
- 8.24%
- 6M
- -20.47%
- YTD
- -22.02%
- 1Y
- -36.09%
- 3Y*
- -33.31%
- 5Y*
- -28.38%
- 10Y*
- -37.52%
- ALL TIME*
- -31.17%
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 |
RYWWX vs. RYVNX - 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% |
RYVNX Rydex Inverse NASDAQ-100 2x Strategy Fund | -22.02% | -35.24% | -34.30% | -57.09% | 65.14% | -45.41% | -69.71% | -50.05% | -9.71% | -44.28% |
Correlation
The correlation between RYWWX and RYVNX is 0.71, 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. | 0.71 |
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 | 0.69 |
The correlation between RYWWX and RYVNX 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. RYVNX — Risk / Return Rank
RYWWX
RYVNX
RYWWX vs. RYVNX - 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 NASDAQ-100 2x Strategy Fund (RYVNX). 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 | RYVNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.87 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.73 | -0.05 |
| Martin ratioReturn relative to average drawdown | -1.08 | -1.33 | +0.26 |
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Drawdowns
RYWWX vs. RYVNX - Drawdown Comparison
The maximum RYWWX drawdown since its inception was -98.12%, roughly equal to the maximum RYVNX drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for RYWWX and RYVNX.
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Drawdown Indicators
| RYWWX | RYVNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.12% | -100.00% | +1.88% |
Max Drawdown (1Y)Largest decline over 1 year | -42.47% | -45.22% | +2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -75.97% | -79.81% | +3.84% |
Max Drawdown (5Y)Largest decline over 5 years | -84.06% | -88.89% | +4.83% |
Max Drawdown (10Y)Largest decline over 10 years | -95.68% | -99.24% | +3.56% |
Current DrawdownCurrent decline from peak | -97.87% | -100.00% | +2.13% |
Average DrawdownAverage peak-to-trough decline | -68.89% | -89.62% | +20.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.63% | 24.59% | +6.04% |
Volatility
RYWWX vs. RYVNX - Volatility Comparison
Rydex Inverse Emerging Markets 2x Strategy Fund (RYWWX) and Rydex Inverse NASDAQ-100 2x Strategy Fund (RYVNX) have volatilities of 13.36% and 13.77%, 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
| RYWWX | RYVNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.36% | 13.77% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 35.51% | 32.02% | +3.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.19% | 38.72% | +5.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.95% | 46.13% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.58% | 45.47% | +1.11% |
RYWWX vs. RYVNX - Expense Ratio Comparison
RYWWX has a 1.87% expense ratio, which is lower than RYVNX's 2.49% expense ratio.
Dividends
RYWWX vs. RYVNX - Dividend Comparison
RYWWX's dividend yield for the trailing twelve months is around 5.65%, less than RYVNX's 13.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYVNX Rydex Inverse NASDAQ-100 2x Strategy Fund | 13.62% | 10.62% | 6.03% | 4.56% | 0.00% | 0.00% | 0.25% | 0.03% |
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 RYVNX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYVNX has higher volatility (13.77%) compared to RYWWX (13.36%). In terms of maximum drawdown, RYWWX dropped -98.12% vs RYVNX's -100.00%.
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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