SNIGX vs. RYOCX

Last updated Jun 23, 2026

SNIGX (SIT Large Cap Growth Fund) and RYOCX (Rydex NASDAQ-100 Fund Investor Class) are both Large Cap Growth Equities funds. Over the past 10 years, SNIGX returned 16.34%/yr vs 21.06%/yr for RYOCX. Their correlation of 0.91 suggests significant overlap in exposure. SNIGX charges 1.00%/yr vs 1.24%/yr for RYOCX.

Performance

SNIGX vs. RYOCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SIT Large Cap Growth Fund (SNIGX) and Rydex NASDAQ-100 Fund Investor Class (RYOCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNIGX achieves a 4.23% return, which is significantly lower than RYOCX's 20.12% return. Over the past 10 years, SNIGX has underperformed RYOCX with an annualized return of 16.34%, while RYOCX has yielded a comparatively higher 21.06% annualized return.

SNIGX

• 1D: 1.28%
• 1M: -1.23%
• YTD: 4.23%
• 6M: 4.37%
• 1Y: 21.94%
• 3Y*: 19.09%
• 5Y*: 11.93%
• 10Y*: 16.34%

RYOCX

• 1D: 2.47%
• 1M: 3.11%
• YTD: 20.12%
• 6M: 19.09%
• 1Y: 39.80%
• 3Y*: 25.73%
• 5Y*: 16.12%
• 10Y*: 21.06%

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

SNIGX vs. RYOCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SNIGX SIT Large Cap Growth Fund	4.23%	15.24%	26.21%	39.68%	-28.26%	28.39%	33.99%	32.89%	-3.28%	27.78%
RYOCX Rydex NASDAQ-100 Fund Investor Class	20.12%	19.51%	24.34%	53.31%	-33.34%	25.85%	46.80%	40.33%	-1.36%	31.20%

Correlation

The correlation between SNIGX and RYOCX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jan 3, 1995	0.91

The correlation between SNIGX and RYOCX has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.

Return for Risk

SNIGX vs. RYOCX — Risk / Return Rank

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

SNIGX

SNIGX Risk / Return Rank: 28
SNIGX Sharpe Ratio Rank: 32
SNIGX Sortino Ratio Rank: 29
SNIGX Omega Ratio Rank: 30
SNIGX Calmar Ratio Rank: 23
SNIGX Martin Ratio Rank: 29

RYOCX

RYOCX Risk / Return Rank: 65
RYOCX Sharpe Ratio Rank: 69
RYOCX Sortino Ratio Rank: 58
RYOCX Omega Ratio Rank: 59
RYOCX Calmar Ratio Rank: 74
RYOCX Martin Ratio Rank: 63

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.

SNIGX vs. RYOCX - Risk-Adjusted Trends 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.

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.

	SNIGX	RYOCX	Difference
Sharpe ratio: Return per unit of total volatility	1.51	2.22	-0.72
Sortino ratio: Return per unit of downside risk	2.10	2.91	-0.81
Omega ratio: Gain probability vs. loss probability	1.27	1.39	-0.12
Calmar ratio: Return relative to maximum drawdown	1.64	3.20	-1.56
Martin ratio: Return relative to average drawdown	6.25	11.78	-5.53

SNIGX vs. RYOCX - Sharpe Ratio Comparison

The current SNIGX Sharpe Ratio is 1.51, which is lower than the RYOCX Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of SNIGX and RYOCX, 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

SNIGX vs. RYOCX - Drawdown Comparison

The maximum SNIGX drawdown since its inception was -64.95%, smaller than the maximum RYOCX drawdown of -83.75%. Use the drawdown chart below to compare losses from any high point for SNIGX and RYOCX.

Drawdown Indicators

	SNIGX	RYOCX	Difference
Max Drawdown Largest peak-to-trough decline	-64.95%	-83.75%	+18.80%
Max Drawdown (1Y) Largest decline over 1 year	-12.99%	-12.31%	-0.68%
Max Drawdown (3Y) Largest decline over 3 years	-21.39%	-22.97%	+1.58%
Max Drawdown (5Y) Largest decline over 5 years	-32.14%	-38.04%	+5.90%
Max Drawdown (10Y) Largest decline over 10 years	-32.14%	-38.04%	+5.90%
Current Drawdown Current decline from peak	-3.19%	-0.84%	-2.35%
Average Drawdown Average peak-to-trough decline	-15.74%	-31.84%	+16.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.40%	3.34%	+0.06%

Volatility

SNIGX vs. RYOCX - Volatility Comparison

The current volatility for SIT Large Cap Growth Fund (SNIGX) is 4.86%, while Rydex NASDAQ-100 Fund Investor Class (RYOCX) has a volatility of 8.49%. 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.

Volatility by Period

	SNIGX	RYOCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.86%	8.49%	-3.63%
Volatility (6M) Calculated over the trailing 6-month period	11.05%	14.35%	-3.30%
Volatility (1Y) Calculated over the trailing 1-year period	14.12%	17.71%	-3.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.18%	23.01%	-2.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.54%	22.74%	-2.20%

SNIGX vs. RYOCX - Expense Ratio Comparison

SNIGX has a 1.00% expense ratio, which is lower than RYOCX's 1.24% expense ratio.

Dividends

SNIGX vs. RYOCX - Dividend Comparison

SNIGX's dividend yield for the trailing twelve months is around 2.04%, less than RYOCX's 3.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYOCX Rydex NASDAQ-100 Fund Investor Class	3.56%	4.28%	7.23%	0.00%	8.82%	4.47%	4.17%	3.80%	1.86%	6.00%	1.75%	2.03%
SNIGX SIT Large Cap Growth Fund	2.04%	2.13%	4.01%	1.84%	3.87%	5.89%	5.33%	9.56%	10.20%	11.95%	7.73%	29.92%

Frequently Asked Questions

Can I hold both SNIGX and RYOCX in my portfolio?

With a correlation of 0.93, SNIGX and RYOCX 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, SNIGX or RYOCX?

RYOCX has higher volatility (8.49%) compared to SNIGX (4.86%). In terms of maximum drawdown, SNIGX dropped -64.95% vs RYOCX's -83.75%.

Which has better risk-adjusted returns?

RYOCX currently has the higher Sharpe Ratio (2.22 vs 1.51), 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.