Rydex Inverse Correlations

RYCDX Fund

USD 84.42 0.58 0.68%

The current 90-days correlation between Rydex Inverse Nasdaq and Rationalpier 88 Convertible is 0.04 (i.e., Significant diversification). The correlation of Rydex Inverse is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Rydex Inverse Correlation With Market

Pay attention - limited upside

The correlation between Rydex Inverse Nasdaq 100 and DJI is -0.93 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rydex Inverse Nasdaq 100 and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rydex Inverse Nasdaq 100. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Rydex Mutual Fund

0.72	RYABX	Government Long Bond	Pair Corr
0.93	RYACX	Inverse Nasdaq 100	Pair Corr
1.0	RYAIX	Inverse Nasdaq 100	Pair Corr
1.0	RYALX	Inverse Nasdaq 100	Pair Corr
0.85	RYAFX	Inverse Russell 2000	Pair Corr
0.86	RYAGX	Inverse Mid Cap Potential Growth	Pair Corr
0.9	RYARX	Inverse Sp 500	Pair Corr
0.93	RYAPX	Inverse Nasdaq 100	Pair Corr
0.73	RYCGX	Government Long Bond	Pair Corr
0.99	RYCBX	Inverse Sp 500	Pair Corr

Moving against Rydex Mutual Fund

0.98	RYAWX	Sp 500 Pure	Pair Corr
0.97	RYBHX	Sp Midcap 400	Pair Corr
0.92	RYAUX	Utilities Fund Class	Pair Corr
0.92	RYATX	Nasdaq 100 Fund	Pair Corr
0.91	RYBCX	Basic Materials	Pair Corr
0.91	RYBAX	Basic Materials	Pair Corr
0.91	RYBIX	Basic Materials	Pair Corr
0.9	RYDCX	Mid Cap 15x	Pair Corr
0.89	RYAVX	Sp Midcap 400	Pair Corr
0.88	RYDHX	Dow Jones Industrial	Pair Corr
0.87	RYANX	Nova Fund Class	Pair Corr
0.87	RYDKX	Dow Jones Industrial	Pair Corr
0.86	RYBKX	Banking Fund Class	Pair Corr
0.82	RYAZX	Sp Smallcap 600	Pair Corr
0.81	RYBMX	Basic Materials	Pair Corr
0.8	RYAKX	Russell 2000 15x	Pair Corr
0.8	RYAHX	Mid Cap 15x	Pair Corr
0.77	RYAEX	Europe 125x Strategy	Pair Corr
0.77	RYAQX	Inverse Government Long	Pair Corr
0.53	RYCFX	Biotechnology Fund Class	Pair Corr
0.41	RYEAX	Energy Fund Class	Pair Corr
0.4	RYECX	Energy Fund Class	Pair Corr
0.39	RYBOX	Biotechnology Fund Class	Pair Corr
0.97	RYCHX	Technology Fund Class	Pair Corr
0.97	RYCCX	Nasdaq 100 2x Steady Growth	Pair Corr
0.97	RYCKX	Sp Midcap 400	Pair Corr
0.94	RYCTX	Sp 500 2x Steady Growth	Pair Corr
0.94	RYFIX	Financial Services	Pair Corr
0.92	RYCOX	Nasdaq 100 Fund	Pair Corr
0.89	RYELX	Electronics Fund Class	Pair Corr
0.87	RYCEX	Europe 125x Strategy	Pair Corr
0.85	RYCNX	Transportation Fund Class	Pair Corr

Related Correlations Analysis

	PBXCX	MCCVX	WEICX	WEIAX	NCIAX	SBFCX	FLXIX	CAGCX
PBXCX		0.85	0.86	0.86	0.87	0.98	0.78	0.88	PBXCX
MCCVX	0.85		0.99	0.99	1.0	0.87	0.98	0.99	MCCVX
WEICX	0.86	0.99		1.0	0.99	0.87	0.96	0.98	WEICX
WEIAX	0.86	0.99	1.0		0.99	0.87	0.97	0.98	WEIAX
NCIAX	0.87	1.0	0.99	0.99		0.88	0.97	0.99	NCIAX
SBFCX	0.98	0.87	0.87	0.87	0.88		0.81	0.89	SBFCX
FLXIX	0.78	0.98	0.96	0.97	0.97	0.81		0.97	FLXIX
CAGCX	0.88	0.99	0.98	0.98	0.99	0.89	0.97		CAGCX
	PBXCX	MCCVX	WEICX	WEIAX	NCIAX	SBFCX	FLXIX	CAGCX

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Risk-Adjusted Indicators

There is a big difference between Rydex Mutual Fund performing well and Rydex Inverse Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Rydex Inverse's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PBXCX	0.49	0.00	(0.05)	(0.09)	0.74	(0.56)	0.85	(1.37)	4.82
MCCVX	0.58	0.07	0.03	(1.86)	0.87	(0.64)	1.06	(1.13)	5.75
WEICX	0.72	0.06	0.01	(1.26)	1.08	(0.75)	1.29	(1.49)	5.78
WEIAX	0.72	0.06	0.01	(1.05)	1.08	(0.75)	1.31	(1.53)	5.75
NCIAX	0.64	0.07	0.02	(2.38)	0.87	(0.72)	1.23	(1.26)	5.88
SBFCX	0.44	0.00	(0.06)	0.27	0.71	(0.44)	0.90	(1.32)	3.75
FLXIX	0.18	0.03	(0.07)	(11.67)	0.00	(0.23)	0.47	(0.37)	1.04
CAGCX	0.49	0.05	0.01	2.01	0.69	(0.59)	1.00	(0.95)	3.36

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