VIGAX vs. RYVYX

Last updated Jun 13, 2026

VIGAX (Vanguard Growth Index Fund Admiral Shares) and RYVYX (Rydex NASDAQ-100 2x Strategy Fund) are both mutual funds - VIGAX is a Large Cap Growth Equities fund tracking the CRSP US Large Cap Growth Index, while RYVYX is a Leveraged Equities fund managed by Rydex Funds. Over the past 10 years, VIGAX returned 17.87%/yr vs 34.73%/yr for RYVYX. Their correlation of 0.94 suggests significant overlap in exposure. VIGAX charges 0.05%/yr vs 1.87%/yr for RYVYX.

Performance

VIGAX vs. RYVYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Growth Index Fund Admiral Shares (VIGAX) and Rydex NASDAQ-100 2x Strategy Fund (RYVYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VIGAX achieves a 4.85% return, which is significantly lower than RYVYX's 30.64% return. Over the past 10 years, VIGAX has underperformed RYVYX with an annualized return of 17.87%, while RYVYX has yielded a comparatively higher 34.73% annualized return.

VIGAX

• 1D: 1.82%
• 1M: -3.75%
• YTD: 4.85%
• 6M: 5.52%
• 1Y: 22.66%
• 3Y*: 23.61%
• 5Y*: 13.73%
• 10Y*: 17.87%

RYVYX

• 1D: 6.56%
• 1M: -1.77%
• YTD: 30.64%
• 6M: 30.67%
• 1Y: 70.56%
• 3Y*: 46.26%
• 5Y*: 22.45%
• 10Y*: 34.73%

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

VIGAX vs. RYVYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VIGAX Vanguard Growth Index Fund Admiral Shares	4.85%	19.43%	32.67%	46.76%	-33.14%	27.26%	40.18%	37.23%	-3.35%	27.80%
RYVYX Rydex NASDAQ-100 2x Strategy Fund	30.64%	29.54%	49.77%	116.15%	-60.57%	46.61%	88.38%	80.70%	-9.20%	68.67%

Correlation

The correlation between VIGAX and RYVYX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001	0.94

The correlation between VIGAX and RYVYX has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.

Return for Risk

VIGAX vs. RYVYX — Risk / Return Rank

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

VIGAX

VIGAX Risk / Return Rank: 27
VIGAX Sharpe Ratio Rank: 32
VIGAX Sortino Ratio Rank: 29
VIGAX Omega Ratio Rank: 31
VIGAX Calmar Ratio Rank: 21
VIGAX Martin Ratio Rank: 22

RYVYX

RYVYX Risk / Return Rank: 60
RYVYX Sharpe Ratio Rank: 69
RYVYX Sortino Ratio Rank: 53
RYVYX Omega Ratio Rank: 55
RYVYX Calmar Ratio Rank: 69
RYVYX Martin Ratio Rank: 54

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.

VIGAX vs. RYVYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Growth Index Fund Admiral Shares (VIGAX) and Rydex NASDAQ-100 2x Strategy Fund (RYVYX). 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.

	VIGAX	RYVYX	Difference
Sharpe ratio: Return per unit of total volatility	1.29	1.95	-0.66
Sortino ratio: Return per unit of downside risk	1.78	2.41	-0.62
Omega ratio: Gain probability vs. loss probability	1.23	1.32	-0.09
Calmar ratio: Return relative to maximum drawdown	1.29	2.65	-1.36
Martin ratio: Return relative to average drawdown	4.48	9.01	-4.53

VIGAX vs. RYVYX - Sharpe Ratio Comparison

The current VIGAX Sharpe Ratio is 1.29, which is lower than the RYVYX Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of VIGAX and RYVYX, 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

VIGAX vs. RYVYX - Drawdown Comparison

The maximum VIGAX drawdown since its inception was -50.66%, smaller than the maximum RYVYX drawdown of -95.57%. Use the drawdown chart below to compare losses from any high point for VIGAX and RYVYX.

Drawdown Indicators

	VIGAX	RYVYX	Difference
Max Drawdown Largest peak-to-trough decline	-50.66%	-95.57%	+44.91%
Max Drawdown (1Y) Largest decline over 1 year	-16.51%	-25.39%	+8.88%
Max Drawdown (3Y) Largest decline over 3 years	-23.04%	-42.48%	+19.44%
Max Drawdown (5Y) Largest decline over 5 years	-35.63%	-65.38%	+29.75%
Max Drawdown (10Y) Largest decline over 10 years	-35.63%	-65.38%	+29.75%
Current Drawdown Current decline from peak	-5.66%	-8.24%	+2.58%
Average Drawdown Average peak-to-trough decline	-11.95%	-49.12%	+37.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.75%	7.45%	-2.70%

Volatility

VIGAX vs. RYVYX - Volatility Comparison

The current volatility for Vanguard Growth Index Fund Admiral Shares (VIGAX) is 5.91%, while Rydex NASDAQ-100 2x Strategy Fund (RYVYX) has a volatility of 15.23%. This indicates that VIGAX experiences smaller price fluctuations and is considered to be less risky than RYVYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIGAX	RYVYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.91%	15.23%	-9.32%
Volatility (6M) Calculated over the trailing 6-month period	13.06%	27.69%	-14.63%
Volatility (1Y) Calculated over the trailing 1-year period	16.55%	34.52%	-17.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.44%	45.45%	-23.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.63%	45.17%	-23.54%

VIGAX vs. RYVYX - Expense Ratio Comparison

VIGAX has a 0.05% expense ratio, which is lower than RYVYX's 1.87% expense ratio.

Dividends

VIGAX vs. RYVYX - Dividend Comparison

VIGAX's dividend yield for the trailing twelve months is around 0.38%, less than RYVYX's 5.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYVYX Rydex NASDAQ-100 2x Strategy Fund	5.48%	7.16%	11.52%	0.00%	0.00%	1.23%	8.91%	5.19%	0.00%	14.19%	1.63%	21.29%
VIGAX Vanguard Growth Index Fund Admiral Shares	0.38%	0.40%	0.46%	0.57%	0.69%	0.47%	0.66%	0.94%	1.31%	1.14%	1.39%	1.31%

Frequently Asked Questions

Can I hold both VIGAX and RYVYX in my portfolio?

With a correlation of 0.96, VIGAX and RYVYX 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, VIGAX or RYVYX?

RYVYX has higher volatility (15.23%) compared to VIGAX (5.91%). In terms of maximum drawdown, VIGAX dropped -50.66% vs RYVYX's -95.57%.

Which has better risk-adjusted returns?

RYVYX currently has the higher Sharpe Ratio (1.95 vs 1.29), 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.