RYYCX vs. AVALX
RYYCX (Rydex S&P SmallCap 600 Pure Value Fund) and AVALX (Aegis Value Fund) are both Small Cap Value Equities funds. Over the past 10 years, RYYCX returned 8.21%/yr vs 19.99%/yr for AVALX. A 0.71 correlation means they provide meaningful diversification when combined. RYYCX charges 2.26%/yr vs 1.50%/yr for AVALX.
Performance
RYYCX vs. AVALX - Performance Comparison
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Returns By Period
In the year-to-date period, RYYCX achieves a 19.14% return, which is significantly higher than AVALX's 14.52% return. Over the past 10 years, RYYCX has underperformed AVALX with an annualized return of 8.21%, while AVALX has yielded a comparatively higher 19.99% annualized return.
RYYCX
- 1D
- -0.76%
- 1M
- 5.35%
- YTD
- 19.14%
- 6M
- 18.50%
- 1Y
- 36.95%
- 3Y*
- 15.75%
- 5Y*
- 7.25%
- 10Y*
- 8.21%
AVALX
- 1D
- 0.00%
- 1M
- -4.84%
- YTD
- 14.52%
- 6M
- 13.82%
- 1Y
- 50.78%
- 3Y*
- 31.12%
- 5Y*
- 21.13%
- 10Y*
- 19.99%
RYYCX vs. AVALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYYCX Rydex S&P SmallCap 600 Pure Value Fund | 19.14% | 5.81% | 2.73% | 20.36% | -9.15% | 42.14% | -7.85% | 18.86% | -21.05% | -1.70% |
AVALX Aegis Value Fund | 14.52% | 67.06% | 8.29% | 13.11% | 10.50% | 37.67% | 18.89% | 25.67% | -16.95% | 17.37% |
Correlation
The correlation between RYYCX and AVALX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | 0.71 |
Over the past year, the correlation between RYYCX and AVALX has dropped to 0.42 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
RYYCX vs. AVALX — Risk / Return Rank
RYYCX
AVALX
RYYCX vs. AVALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex S&P SmallCap 600 Pure Value Fund (RYYCX) and Aegis Value Fund (AVALX). 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.
| RYYCX | AVALX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.49 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 5.91 | -2.90 |
| Martin ratioReturn relative to average drawdown | 9.73 | 19.70 | -9.96 |
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Drawdowns
RYYCX vs. AVALX - Drawdown Comparison
The maximum RYYCX drawdown since its inception was -78.51%, which is greater than AVALX's maximum drawdown of -73.72%. Use the drawdown chart below to compare losses from any high point for RYYCX and AVALX.
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Drawdown Indicators
| RYYCX | AVALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.51% | -73.72% | -4.79% |
Max Drawdown (1Y)Largest decline over 1 year | -12.78% | -8.32% | -4.46% |
Max Drawdown (3Y)Largest decline over 3 years | -30.24% | -13.59% | -16.65% |
Max Drawdown (5Y)Largest decline over 5 years | -30.24% | -32.00% | +1.76% |
Max Drawdown (10Y)Largest decline over 10 years | -62.25% | -48.34% | -13.91% |
Current DrawdownCurrent decline from peak | -2.03% | -6.67% | +4.64% |
Average DrawdownAverage peak-to-trough decline | -16.58% | -10.94% | -5.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 2.50% | +1.44% |
Volatility
RYYCX vs. AVALX - Volatility Comparison
Rydex S&P SmallCap 600 Pure Value Fund (RYYCX) and Aegis Value Fund (AVALX) have volatilities of 5.40% and 5.49%, 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
| RYYCX | AVALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.40% | 5.49% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 14.07% | 13.30% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.69% | 17.37% | +3.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.29% | 22.27% | +2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.29% | 22.18% | +5.11% |
RYYCX vs. AVALX - Expense Ratio Comparison
RYYCX has a 2.26% expense ratio, which is higher than AVALX's 1.50% expense ratio.
Dividends
RYYCX vs. AVALX - Dividend Comparison
RYYCX's dividend yield for the trailing twelve months is around 0.02%, less than AVALX's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVALX Aegis Value Fund | 2.04% | 2.34% | 7.07% | 2.23% | 0.16% | 0.00% | 6.62% | 2.36% | 6.18% | 0.00% | 1.45% | 0.04% |
RYYCX Rydex S&P SmallCap 600 Pure Value Fund | 0.02% | 0.02% | 0.00% | 1.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RYYCX and AVALX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVALX has higher volatility (5.49%) compared to RYYCX (5.40%). In terms of maximum drawdown, RYYCX dropped -78.51% vs AVALX's -73.72%.
AVALX currently has the higher Sharpe Ratio (2.84 vs 1.86), 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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