Moneyzine
/Investment Guides /Rydex Mutual Funds

Rydex Mutual Funds

Moneyzine Editor
Author: 
Moneyzine Editor
3 mins
September 21st, 2023
Advertiser Disclosure

In this article, we're going to be providing a review of Rydex Mutual Funds. At one time, Rydex was geared more towards the elite investor, since their minimum investment for any fund was $25,000 (it is now $100). It's also a relatively small player in the mutual fund space, with only a little over $25 billion in assets under management.

Rydex Family of Mutual Funds

Rydex Funds is a relative newcomer to the mutual fund scene. Started in 1993 by its founder Skip Viragh, his aim was to create a family of mutual funds that performed well, regardless of market conditions. Rydex is also known for starting the first leveraged mutual fund: Rydex Nova Fund.

Today, Rydex offers investors leveraged equity, fixed income, as well as inverse equity funds. Rydex mutual funds are offered through large brokerage houses including Fidelity, Charles Schwab, T.D. Waterhouse, and E*Trade. Rydex offers more than 140 investment products tailored to a variety of market conditions, including 18 sector funds. They also offer retirement planning options such as Traditional IRAs, Roth IRAs, Rollover IRAs, SEP IRAs, as well as 403(b) plans.

In 2010, Rydex combined with Security Global Investors and the combined company was known as Rydex/SGI. In 2012, Guggenheim Investments purchased Rydex/SGI, and the holding company now manages $265 billion in assets.

Funds Fee Structures and Returns

Morningstar ratings indicate the expense ratios for mutual funds at Rydex are Above Average. This includes their domestic stock funds (1.86%) and taxable bond fund (1.80%). Although Rydex claims they offer investors options to match any market condition, this does not translate into a balance of stock and bond funds. Their distribution of asset class indicates only 1.86% in bonds (taxable bond funds). In fact, nearly all assets sit in domestic stock funds or cash (98.14%) as of September 2019.

As previously mentioned, the minimum investment at Rydex is $2,500, and 82.2% are no-load mutual funds. As of September 2019, the average return for the Rydex family of mutual funds over the last five years was 11.12%, among the best reviewed to date.

Top Rated Funds at Rydex

When looking at the top rated funds at Rydex, there does not appear to be any pattern. One of the mutual funds has a front-load of only 1.00%. All three funds require a $2,500 minimum, while the fund types range from growth stocks to blends. With that brief introduction, listed below are the top rated mutual funds from Rydex:

Rydex High Yield Strategy (RYHGX)

  • Assets: $94.1 million

  • Category: US Fund High Yield Bond

  • Specialty: None

  • Top Three Holdings: Ishares Iboxx $ High Yield

  • Load: None

  • Minimum Investment: $2,500

  • Expense Ratio: 1.61%

  • 5-Year Average Return: 7.90%

Rydex Inverse Mid Cap Strategy (RYMHX)

  • Assets: $0.70 million

  • Category: US Fund Bear Market

  • Specialty: Bear Market

  • Top Three Holdings: S&P Midcap 400 Index

  • Load: None

  • Minimum Investment: $2,500

  • Expense Ratio: 1.70%

  • 5-Year Average Return: -9.45%

Rydex Inverse Russell 2000 (RYCQX)

  • Assets: $9.5 million

  • Category: Large Blend

  • Specialty: Bear Market

  • Top Three Holdings: Russell 2000 Index

  • Load: 1.0%

  • Minimum Investment: $2,500

  • Expense Ratio: 2.58%

  • 5-Year Average Return: -10.46%


About the Author - Rydex Mutual Funds


Explore Investing Further

Trading has never been easier, thanks to the rise of online platforms that enable you to buy and sell various assets at the click of a button. But with so many options available, it can be challenging to decide which platform is right for you.
Looking for a way to avoid swap fees while trading forex?
Below listed are the small reviews of the top 10 ETF brokers available across the United States.
Our top beginner's pick for copy trading is eToro. Read on for more details, plus seven good alternatives.
Swing trading stocks can be a great way for investors to take advantage of short-term stock market movements and gain significant returns. If you're interested in swing trading, the key to success lies in selecting the right stocks to buy and sell quickly for a profit.
The table below lists the best stock picks under $2, listed on public exchanges.
The table below lists the best stock picks under $1, listed both on public and OTC exchanges.
This section will highlight the best EV-trading penny stocks available in the United States.
The demand for sustainable energy has grown rapidly in recent years. This has resulted in increased scrutiny of the automotive market. As a result, the electric vehicle (EV) industry has made significant advancements.
Intelligent Bio Solutions Inc. is a life sciences company, founded in 2016 with headquarters in New York and is engaged in performing diagnostic tests, real-time monitoring, and non-invasive surgery for its patients. The firm has developed a CoV-2 Biosensor, which can be used in RNA virus detection.
Hour Loop was founded in 2013 with headquarters in Redmond, Washington. It’s an online retailer involved in e-commerce in the United States that hit the public markets on Jan 7th of 2022. The company sells home/garden decor, electronic products, kitchenware, and apparel through walmart.com, amazon.com, and hourloop.com.

Related Content

How to Make a Million Dollars in 10 Years
Truthfully, this title should actually be “How to Make a Million Dollars in 10 Years Without Going Into Debt", but that is just getting a little too winded for my liking. It’s true though!
March 26th, 2024
How to Apply Maslow’s Hierarchy to Your Money This Year
You might vaguely remember your psychology teacher talking about Maslow. He pointed at a picture of a triangle as you nodded off in the back of the school room.
March 27th, 2024
How to Tackle Multiple Savings Goals
When there’s only so much money to go around, there are often multiple savings goals competing for your money. Think of the young professional who’d like to get a more reliable car, buy a house, and save for retirement. Or consider the young family that’s saving for college, retirement, and a bigger house.
March 22nd, 2024
The Countdown to Early Retirement: 10 Expenses to Eliminate
Dreaming of waving goodbye to the daily grind five years ahead of schedule? The road to early retirement is paved with more than good intentions; it requires a meticulously crafted strategy with surprising twists. It's not solely about what you should be doing—like diligently saving a portion of your income or investing wisely—but also about what you need to stop doing.
March 22nd, 2024
Biden Or Trump: Who Is Better For The Economy And Stocks?
Yup. This is one of those articles. It's an election year, and here in the U.S., we get to decide which old dude who’s been alive long enough to remember when there were only 48 states in the U.S. will be the leader of the free world.
March 19th, 2024

Contributors

Moneyzine 2024. All Rights Reserved.