Correlation
The correlation between SNIGX and RYOCX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
SNIGX vs. RYOCX
Compare and contrast key facts about SIT Large Cap Growth Fund (SNIGX) and Rydex NASDAQ-100 Fund Investor Class (RYOCX).
SNIGX is managed by Sit. It was launched on Sep 2, 1982. RYOCX is a passively managed fund by Guggenheim that tracks the performance of the NASDAQ-100 Index. It was launched on Feb 14, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SNIGX or RYOCX.
Performance
SNIGX vs. RYOCX - Performance Comparison
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Key characteristics
SNIGX:
0.55
RYOCX:
0.57
SNIGX:
0.75
RYOCX:
0.87
SNIGX:
1.10
RYOCX:
1.12
SNIGX:
0.45
RYOCX:
0.55
SNIGX:
1.49
RYOCX:
1.77
SNIGX:
6.45%
RYOCX:
7.13%
SNIGX:
22.74%
RYOCX:
25.73%
SNIGX:
-64.95%
RYOCX:
-83.62%
SNIGX:
-5.80%
RYOCX:
-3.79%
Returns By Period
In the year-to-date period, SNIGX achieves a -2.38% return, which is significantly lower than RYOCX's 1.43% return. Over the past 10 years, SNIGX has underperformed RYOCX with an annualized return of 13.63%, while RYOCX has yielded a comparatively higher 16.43% annualized return.
SNIGX
-2.38%
5.82%
-1.77%
11.96%
16.27%
15.21%
13.63%
RYOCX
1.43%
7.95%
2.65%
14.65%
18.61%
16.88%
16.43%
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SNIGX vs. RYOCX - Expense Ratio Comparison
SNIGX has a 1.00% expense ratio, which is lower than RYOCX's 1.24% expense ratio.
Risk-Adjusted Performance
SNIGX vs. RYOCX — Risk-Adjusted Performance Rank
SNIGX
RYOCX
SNIGX vs. RYOCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SIT Large Cap Growth Fund (SNIGX) and Rydex NASDAQ-100 Fund Investor Class (RYOCX). 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.
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Dividends
SNIGX vs. RYOCX - Dividend Comparison
SNIGX's dividend yield for the trailing twelve months is around 4.11%, less than RYOCX's 7.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SNIGX SIT Large Cap Growth Fund | 4.11% | 4.01% | 1.94% | 3.93% | 5.89% | 5.33% | 9.56% | 10.20% | 11.95% | 7.73% | 29.92% | 23.16% |
RYOCX Rydex NASDAQ-100 Fund Investor Class | 7.13% | 7.23% | 0.00% | 8.82% | 4.47% | 4.17% | 1.90% | 1.86% | 6.00% | 1.75% | 2.01% | 1.54% |
Drawdowns
SNIGX vs. RYOCX - Drawdown Comparison
The maximum SNIGX drawdown since its inception was -64.95%, smaller than the maximum RYOCX drawdown of -83.62%. Use the drawdown chart below to compare losses from any high point for SNIGX and RYOCX.
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Volatility
SNIGX vs. RYOCX - Volatility Comparison
The current volatility for SIT Large Cap Growth Fund (SNIGX) is 5.28%, while Rydex NASDAQ-100 Fund Investor Class (RYOCX) has a volatility of 5.66%. This indicates that SNIGX experiences smaller price fluctuations and is considered to be less risky than RYOCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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