RYYCX vs. PMJAX

Last updated Jun 23, 2026

RYYCX (Rydex S&P SmallCap 600 Pure Value Fund) and PMJAX (PIMCO RAE US Small Fund Class A) are both Small Cap Value Equities funds. Over the past 10 years, RYYCX returned 7.93%/yr vs 13.24%/yr for PMJAX. Their correlation of 0.92 suggests significant overlap in exposure. RYYCX charges 2.26%/yr vs 0.90%/yr for PMJAX.

Performance

RYYCX vs. PMJAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex S&P SmallCap 600 Pure Value Fund (RYYCX) and PIMCO RAE US Small Fund Class A (PMJAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYYCX achieves a 20.06% return, which is significantly higher than PMJAX's 18.76% return. Over the past 10 years, RYYCX has underperformed PMJAX with an annualized return of 7.93%, while PMJAX has yielded a comparatively higher 13.24% annualized return.

RYYCX

• 1D: 2.09%
• 1M: 6.16%
• YTD: 20.06%
• 6M: 18.49%
• 1Y: 39.29%
• 3Y*: 15.11%
• 5Y*: 8.04%
• 10Y*: 7.93%

PMJAX

• 1D: 0.77%
• 1M: 4.52%
• YTD: 18.76%
• 6M: 15.63%
• 1Y: 37.00%
• 3Y*: 20.63%
• 5Y*: 11.40%
• 10Y*: 13.24%

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

RYYCX vs. PMJAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYYCX Rydex S&P SmallCap 600 Pure Value Fund	20.06%	5.81%	2.73%	20.36%	-9.15%	42.14%	-7.85%	18.86%	-21.05%	-1.70%
PMJAX PIMCO RAE US Small Fund Class A	18.76%	4.89%	20.53%	19.76%	-5.07%	38.48%	6.52%	19.76%	-12.02%	8.76%

Correlation

The correlation between RYYCX and PMJAX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.92

The correlation between RYYCX and PMJAX has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

Return for Risk

RYYCX vs. PMJAX — Risk / Return Rank

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

RYYCX

RYYCX Risk / Return Rank: 52
RYYCX Sharpe Ratio Rank: 48
RYYCX Sortino Ratio Rank: 49
RYYCX Omega Ratio Rank: 41
RYYCX Calmar Ratio Rank: 70
RYYCX Martin Ratio Rank: 51

PMJAX

PMJAX Risk / Return Rank: 71
PMJAX Sharpe Ratio Rank: 64
PMJAX Sortino Ratio Rank: 63
PMJAX Omega Ratio Rank: 51
PMJAX Calmar Ratio Rank: 93
PMJAX Martin Ratio Rank: 83

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.

RYYCX vs. PMJAX - 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 PIMCO RAE US Small Fund Class A (PMJAX). 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	PMJAX	Difference
Sharpe ratio: Return per unit of total volatility	1.90	2.14	-0.25
Sortino ratio: Return per unit of downside risk	2.71	3.03	-0.32
Omega ratio: Gain probability vs. loss probability	1.32	1.36	-0.04
Calmar ratio: Return relative to maximum drawdown	3.06	4.84	-1.78
Martin ratio: Return relative to average drawdown	9.92	14.41	-4.48

RYYCX vs. PMJAX - Sharpe Ratio Comparison

The current RYYCX Sharpe Ratio is 1.90, which is comparable to the PMJAX Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of RYYCX and PMJAX, 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

RYYCX vs. PMJAX - Drawdown Comparison

The maximum RYYCX drawdown since its inception was -78.51%, which is greater than PMJAX's maximum drawdown of -50.53%. Use the drawdown chart below to compare losses from any high point for RYYCX and PMJAX.

Drawdown Indicators

	RYYCX	PMJAX	Difference
Max Drawdown Largest peak-to-trough decline	-78.51%	-50.53%	-27.98%
Max Drawdown (1Y) Largest decline over 1 year	-12.78%	-7.66%	-5.12%
Max Drawdown (3Y) Largest decline over 3 years	-30.24%	-26.72%	-3.52%
Max Drawdown (5Y) Largest decline over 5 years	-30.24%	-50.53%	+20.29%
Max Drawdown (10Y) Largest decline over 10 years	-62.25%	-50.53%	-11.72%
Current Drawdown Current decline from peak	-1.28%	-2.08%	+0.80%
Average Drawdown Average peak-to-trough decline	-16.58%	-16.95%	+0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.94%	2.56%	+1.38%

Volatility

RYYCX vs. PMJAX - Volatility Comparison

Rydex S&P SmallCap 600 Pure Value Fund (RYYCX) and PIMCO RAE US Small Fund Class A (PMJAX) have volatilities of 5.54% and 5.36%, 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.

Volatility by Period

	RYYCX	PMJAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.54%	5.36%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	14.05%	11.85%	+2.20%
Volatility (1Y) Calculated over the trailing 1-year period	20.64%	17.28%	+3.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.30%	40.24%	-15.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.29%	33.57%	-6.28%

RYYCX vs. PMJAX - Expense Ratio Comparison

RYYCX has a 2.26% expense ratio, which is higher than PMJAX's 0.90% expense ratio.

Dividends

RYYCX vs. PMJAX - Dividend Comparison

RYYCX's dividend yield for the trailing twelve months is around 0.02%, less than PMJAX's 2.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
PMJAX PIMCO RAE US Small Fund Class A	2.79%	3.31%	2.48%	1.40%	10.08%	67.74%	9.44%	1.37%	7.72%	4.51%	1.16%
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%

Frequently Asked Questions

Can I hold both RYYCX and PMJAX in my portfolio?

With a correlation of 0.92, RYYCX and PMJAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, RYYCX or PMJAX?

RYYCX has higher volatility (5.54%) compared to PMJAX (5.36%). In terms of maximum drawdown, RYYCX dropped -78.51% vs PMJAX's -50.53%.

Which has better risk-adjusted returns?

PMJAX currently has the higher Sharpe Ratio (2.14 vs 1.90), 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.