SBFAX vs. RYFIX
SBFAX (1919 Financial Services Fund) and RYFIX (Rydex Financial Services Fund) are both Financials Equities funds from BlackRock. Over the past 10 years, SBFAX returned 9.49%/yr vs 10.45%/yr for RYFIX. Their correlation of 0.91 means they have usually moved in the same direction. Both charge a 1.36% expense ratio.
Performance
SBFAX vs. RYFIX - Performance Comparison
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Returns By Period
In the year-to-date period, SBFAX achieves a 5.86% return, which is significantly lower than RYFIX's 6.19% return. Over the past 10 years, SBFAX has underperformed RYFIX with an annualized return of 9.49%, while RYFIX has yielded a comparatively higher 10.45% annualized return.
SBFAX
- 1D
- -1.79%
- 1M
- 1.93%
- 6M
- 6.67%
- YTD
- 5.86%
- 1Y
- 10.63%
- 3Y*
- 13.84%
- 5Y*
- 5.56%
- 10Y*
- 9.49%
- ALL TIME*
- 8.78%
RYFIX
- 1D
- 0.18%
- 1M
- 2.17%
- 6M
- 6.66%
- YTD
- 6.19%
- 1Y
- 10.79%
- 3Y*
- 16.00%
- 5Y*
- 8.16%
- 10Y*
- 10.45%
- ALL TIME*
- 4.84%
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 |
SBFAX vs. RYFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SBFAX 1919 Financial Services Fund | 5.86% | 4.29% | 24.86% | 1.50% | -13.99% | 30.74% | 0.14% | 29.11% | -14.94% | 14.65% |
RYFIX Rydex Financial Services Fund | 6.19% | 11.21% | 22.86% | 14.54% | -18.03% | 35.83% | 0.27% | 28.32% | -12.05% | 15.74% |
Correlation
The correlation between SBFAX and RYFIX is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1999 | 0.91 |
The correlation between SBFAX and RYFIX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
SBFAX vs. RYFIX — Risk / Return Rank
SBFAX
RYFIX
SBFAX vs. RYFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 1919 Financial Services Fund (SBFAX) and Rydex Financial Services Fund (RYFIX). 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.
| SBFAX | RYFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.11 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 0.61 | +0.11 |
| Martin ratioReturn relative to average drawdown | 1.66 | 1.80 | -0.13 |
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Drawdowns
SBFAX vs. RYFIX - Drawdown Comparison
The maximum SBFAX drawdown since its inception was -49.33%, smaller than the maximum RYFIX drawdown of -77.63%. Use the drawdown chart below to compare losses from any high point for SBFAX and RYFIX.
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Drawdown Indicators
| SBFAX | RYFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.33% | -77.63% | +28.30% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -13.52% | +2.49% |
Max Drawdown (3Y)Largest decline over 3 years | -16.41% | -18.14% | +1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -33.94% | -27.08% | -6.86% |
Max Drawdown (10Y)Largest decline over 10 years | -43.58% | -44.01% | +0.43% |
Current DrawdownCurrent decline from peak | -2.51% | -1.01% | -1.50% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -18.30% | +8.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.75% | 4.59% | +0.16% |
Volatility
SBFAX vs. RYFIX - Volatility Comparison
1919 Financial Services Fund (SBFAX) has a higher volatility of 4.96% compared to Rydex Financial Services Fund (RYFIX) at 4.19%. This indicates that SBFAX's price experiences larger fluctuations and is considered to be riskier than RYFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBFAX | RYFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 4.19% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 10.87% | 10.91% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.80% | 14.31% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.18% | 18.44% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.75% | 20.92% | +1.83% |
SBFAX vs. RYFIX - Expense Ratio Comparison
Both SBFAX and RYFIX have an expense ratio of 1.36%.
Dividends
SBFAX vs. RYFIX - Dividend Comparison
SBFAX's dividend yield for the trailing twelve months is around 13.70%, more than RYFIX's 1.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYFIX Rydex Financial Services Fund | 1.14% | 1.21% | 0.76% | 0.00% | 25.45% | 0.83% | 0.00% | 0.41% | 5.14% | 0.51% | 0.71% | 1.65% |
SBFAX 1919 Financial Services Fund | 13.70% | 14.51% | 10.60% | 10.93% | 2.40% | 4.83% | 5.09% | 3.84% | 1.58% | 0.00% | 2.93% | 7.25% |
Frequently Asked Questions
SBFAX and RYFIX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBFAX has higher volatility (4.96%) compared to RYFIX (4.19%). In terms of maximum drawdown, SBFAX dropped -49.33% vs RYFIX's -77.63%.
RYFIX currently has the higher Sharpe Ratio (0.58 vs 0.53), 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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