Performance
Trailing returns
| 1 day | +0.82% |
| |||
| 1 week | +0.15% |
| |||
| 4 week |
| -5.99% | |||
| 3 month |
| -9.47% | |||
| YTD |
| -15.40% | |||
| 1 year |
| -24.30% | |||
| 3 years* |
| -18.49% | |||
| 5 years* |
| -11.89% | |||
| *annualized | |||||
| Best 3 month return | +28.48% | |
| Worst 3 month return | -23.54% |
Morningstar statistics
Morningstar category: Bear Market
Key statistics
| Total assets | 134.17M | |
| Front load | - | |
| Deferred load | - | |
| Expense ratio | 1.41% | |
| Management fee | - | |
| Fund family | Rydex Funds |
Asset allocation
| Cash | 85.74% | |
| Stocks | 0.00% | |
| Bonds | 14.92% | |
| Other | -0.54% |
Purchase information
| Initial | $2,500 | |
| Additional | $0 | |
| IRA Initial | $1,000 |
19.83+0.05(0.25%)
May 23, 4:00PM EDT
Description
The investment seeks to provide investment results that match, before fees and expenses, the inverse (opposite) of the performance of the S&P 500� Index on a daily basis. The fund employs as its investment strategy a program of engaging in short sales of securities included in the underlying index and investing to a significant extent in derivative instruments, which primarily consist of equity index swaps, futures contracts, and options on securities, futures contracts, and stock indices. It may hold U.S. government securities or cash equivalents to collateralize its short sales and derivative positions. The fund is non-diversified.
Fund filings (PDF) »
Fund filings (PDF) »
Asset managers:
Michael Dellapa (Started: Aug 1, 2006)
Ryan Harder (Started: Mar 14, 2008)
Michael Byrum (Started: Aug 1, 2001)
Michael Dellapa (Started: Aug 1, 2006)
Ryan Harder (Started: Mar 14, 2008)
Michael Byrum (Started: Aug 1, 2001)
Risk
| 1 year | 3 years | 5 years | 10 years | ||
| Alpha* | -1.55 | -3.02 | -4.40 | -3.33 | |
| Beta* | -1.01 | -0.95 | -0.94 | -0.95 | |
| Mean annual return | -1.48 | -1.28 | -0.87 | -0.69 | |
| R-squared* | 99.77 | 99.49 | 98.96 | 99.02 | |
| Standard deviation | 10.34 | 14.32 | 17.95 | 14.08 | |
| Sharpe ratio | -1.72 | -1.08 | -0.60 | -0.71 | |
| * Against standard index | |||||
Top 10 holdings
| Security | Net Assets | |
| FHLMC | 7.46% | |
| FHLMC | 7.46% | |
| S&P500 Emini Fut Jun13 | 0.12% |