RYYCX vs. RYAIX
RYYCX (Rydex S&P SmallCap 600 Pure Value Fund) and RYAIX (Rydex Inverse NASDAQ-100 Strategy Fund) are both mutual funds - RYYCX is a Small Cap Value Equities fund managed by Rydex Funds, while RYAIX is a Inverse Equities fund managed by Rydex Funds. Over the past 10 years, RYYCX returned 7.89%/yr vs -18.03%/yr for RYAIX. Their -0.64 correlation means they have often moved in opposite directions in the past. RYYCX charges 2.26%/yr vs 1.55%/yr for RYAIX.
Performance
RYYCX vs. RYAIX - Performance Comparison
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Returns By Period
In the year-to-date period, RYYCX achieves a 23.89% return, which is significantly higher than RYAIX's -9.23% return. Over the past 10 years, RYYCX has outperformed RYAIX with an annualized return of 7.89%, while RYAIX has yielded a comparatively lower -18.03% annualized return.
RYYCX
- 1D
- -0.52%
- 1M
- 0.50%
- 6M
- 14.82%
- YTD
- 23.89%
- 1Y
- 41.33%
- 3Y*
- 12.99%
- 5Y*
- 9.24%
- 10Y*
- 7.89%
- ALL TIME*
- 5.17%
RYAIX
- 1D
- -3.29%
- 1M
- 5.63%
- 6M
- -8.48%
- YTD
- -9.23%
- 1Y
- -16.78%
- 3Y*
- -14.70%
- 5Y*
- -11.60%
- 10Y*
- -18.03%
- ALL TIME*
- -14.55%
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 |
RYYCX vs. RYAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYYCX Rydex S&P SmallCap 600 Pure Value Fund | 23.89% | 5.81% | 2.73% | 20.36% | -9.15% | 42.14% | -7.85% | 18.86% | -21.05% | -1.70% |
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | -9.23% | -15.63% | -15.64% | -31.71% | 35.92% | -24.88% | -40.98% | -27.65% | -2.63% | -24.47% |
Correlation
The correlation between RYYCX and RYAIX is -0.44, 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. | -0.44 |
Correlation (3Y) Balances recent behavior with more history. | -0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.55 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | -0.64 |
The correlation between RYYCX and RYAIX shifts across timeframes, from -0.64 (all time) to -0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RYYCX vs. RYAIX — Risk / Return Rank
RYYCX
RYAIX
RYYCX vs. RYAIX - 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 Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX). 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 | RYAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.57 | ||
| Sortino ratioReturn per unit of downside risk | +3.64 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.89 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | -0.57 | +3.45 |
| Martin ratioReturn relative to average drawdown | 9.66 | -1.12 | +10.79 |
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Drawdowns
RYYCX vs. RYAIX - Drawdown Comparison
The maximum RYYCX drawdown since its inception was -78.51%, smaller than the maximum RYAIX drawdown of -98.93%. Use the drawdown chart below to compare losses from any high point for RYYCX and RYAIX.
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Drawdown Indicators
| RYYCX | RYAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.51% | -98.93% | +20.42% |
Max Drawdown (1Y)Largest decline over 1 year | -12.78% | -25.47% | +12.69% |
Max Drawdown (3Y)Largest decline over 3 years | -30.24% | -50.13% | +19.89% |
Max Drawdown (5Y)Largest decline over 5 years | -30.24% | -61.15% | +30.91% |
Max Drawdown (10Y)Largest decline over 10 years | -62.25% | -87.73% | +25.48% |
Current DrawdownCurrent decline from peak | -2.59% | -98.82% | +96.23% |
Average DrawdownAverage peak-to-trough decline | -16.50% | -73.43% | +56.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 12.97% | -9.17% |
Volatility
RYYCX vs. RYAIX - Volatility Comparison
The current volatility for Rydex S&P SmallCap 600 Pure Value Fund (RYYCX) is 4.78%, while Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) has a volatility of 7.09%. This indicates that RYYCX experiences smaller price fluctuations and is considered to be less risky than RYAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYYCX | RYAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 7.09% | -2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 13.64% | 16.22% | -2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.18% | 19.55% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.06% | 23.36% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.14% | 22.86% | +4.28% |
RYYCX vs. RYAIX - Expense Ratio Comparison
RYYCX has a 2.26% expense ratio, which is higher than RYAIX's 1.55% expense ratio.
Dividends
RYYCX vs. RYAIX - Dividend Comparison
RYYCX's dividend yield for the trailing twelve months is around 0.02%, less than RYAIX's 2.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | 2.46% | 2.23% | 5.67% | 4.81% | 0.00% | 0.00% | 0.09% | 0.72% |
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% |
Frequently Asked Questions
RYYCX and RYAIX have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYAIX has higher volatility (7.09%) compared to RYYCX (4.78%). In terms of maximum drawdown, RYYCX dropped -78.51% vs RYAIX's -98.93%.
RYYCX currently has the higher Sharpe Ratio (1.83 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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