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 7.93%/yr vs -19.45%/yr for RYAIX. At a correlation of -0.64, they often move in opposite directions. 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 20.06% return, which is significantly higher than RYAIX's -17.13% return. Over the past 10 years, RYYCX has outperformed RYAIX with an annualized return of 7.93%, while RYAIX has yielded a comparatively lower -19.45% 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%
RYAIX
- 1D
- -2.40%
- 1M
- -3.32%
- YTD
- -17.13%
- 6M
- -16.30%
- 1Y
- -27.22%
- 3Y*
- -18.23%
- 5Y*
- -14.33%
- 10Y*
- -19.45%
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 | 20.06% | 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 | -17.13% | -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 -0.47, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.51 |
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 -0.47 (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 | +3.41 | ||
| Sortino ratioReturn per unit of downside risk | +4.98 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.75 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | -0.98 | +4.04 |
| Martin ratioReturn relative to average drawdown | 9.92 | -1.98 | +11.91 |
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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% | -26.80% | +14.02% |
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% | -89.04% | +26.79% |
Current DrawdownCurrent decline from peak | -1.28% | -98.92% | +97.64% |
Average DrawdownAverage peak-to-trough decline | -16.58% | -73.33% | +56.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 13.57% | -9.63% |
Volatility
RYYCX vs. RYAIX - Volatility Comparison
The current volatility for Rydex S&P SmallCap 600 Pure Value Fund (RYYCX) is 5.54%, while Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) has a volatility of 8.41%. 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 | 5.54% | 8.41% | -2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 14.05% | 14.45% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.64% | 17.78% | +2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.30% | 23.09% | +1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.29% | 22.78% | +4.51% |
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 2.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | 2.69% | 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 -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYAIX has higher volatility (8.41%) compared to RYYCX (5.54%). In terms of maximum drawdown, RYYCX dropped -78.51% vs RYAIX's -98.93%.
RYYCX currently has the higher Sharpe Ratio (1.90 vs -1.52), 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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