Frequently Asked Questions About RYCVX

What does RYCVX invest in?

This fund endeavors to deliver daily investment results that are double the performance of the Dow Jones Industrial Average®, before deducting any fees and expenses. Its strategy involves acquiring common stock of companies that typically fall within the market capitalization range of the underlying index, alongside employing derivative financial instruments. A substantial portion, specifically at least 80% of its net assets (plus any borrowed funds for investment purposes), will be allocated to financial tools designed to mirror the economic behavior of securities within the benchmark index. This fund is categorized as non-diversified.

What is the expense ratio of RYCVX?

Rydex Dow 2x Strategy Fund Class H (RYCVX) charges an expense ratio of 1.77%. This is the annual fee deducted from fund assets to cover management and operations.

Is RYCVX a good long-term hold?

RYCVX is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does RYCVX's daily reset work?

RYCVX rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is RYCVX?

Rydex Dow 2x Strategy Fund Class H (RYCVX) manages $39.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is RYCVX actively managed or an index fund?

RYCVX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

RYCVX

Rydex Dow 2x Strategy Fund Class H

NASDAQ·Asset Management, Leveraged · Financial Services

$222.27$4.47−1.97%

Market closed·Jul 23 8:00 PM UTC

Price Chart

$222.27−$4.47 (−1.97%)today

+53.14%CAGR +8.91%

Select date range

FromTo

Feb 20, 2004Jul 24, 2021 → Jul 24, 2026· 5.0 yrsJul 24, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)$2.91

Distribution Yield (FWD)1.31%

Annual Distribution (TTM)$2.91

Distribution Yield (TTM)1.31%

Distribution Growth (5Y)−9.2%

FrequencyAnnual

Most Recent$2.91

Ex-Dividend DateDec 16

Payment DateDec 16

DiversificationDiversification Tab

Holdings37

Top 10 Weight59.3%

Top 25 Weight104.1%

Effective Holdings23

Sectors—

Largest Holding38141G104 · 11.7%

Largest Sector—

Asset ClassEquity

StrategyLeveraged

Cost & RiskExpenses Tab

Expense Ratio1.77%

Cost per 10k Invested$177

AUM$39.76M

Avg Daily Volume—

Price$222.27

NAV$222.27

Premium / Discount+0.00%

52-Week Range$167.79 – $234.79

Beta1.70

Fund Overview

Cost Verdict

Is RYCVX's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: —
Asset Class: Equity
Strategy: Leveraged
Inception: February 20, 2004
Fund Type: Mutual Fund
Domicile: US
Currency: USD
ISIN: US78355Y2019
CUSIP: 78355Y201
Website: www.guggenheiminvestments.com/mutual-funds/fund/rycvx-dow-2x-strategy

Peers

Peers Tab

RYLDX

Rydex Dow 2x Strategy Fund Class A

Cap

$40.3M

RYAWX

Rydex S&P 500 Pure Growth H

Cap

$31.0M

RLSFX

RiverPark Long/Short Opportunity Fd Retail

Cap

$26.0M

Latest News

News Tab

No recent news available.

Frequently Asked Questions About RYCVX

What does RYCVX invest in?: This fund endeavors to deliver daily investment results that are double the performance of the Dow Jones Industrial Average®, before deducting any fees and expenses. Its strategy involves acquiring common stock of companies that typically fall within the market capitalization range of the underlying index, alongside employing derivative financial instruments. A substantial portion, specifically at least 80% of its net assets (plus any borrowed funds for investment purposes), will be allocated to financial tools designed to mirror the economic behavior of securities within the benchmark index. This fund is categorized as non-diversified.
What is the expense ratio of RYCVX?: Rydex Dow 2x Strategy Fund Class H (RYCVX) charges an expense ratio of 1.77%. This is the annual fee deducted from fund assets to cover management and operations.
Is RYCVX a good long-term hold?: RYCVX is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
How does RYCVX's daily reset work?: RYCVX rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
How big is RYCVX?: Rydex Dow 2x Strategy Fund Class H (RYCVX) manages $39.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
Is RYCVX actively managed or an index fund?: RYCVX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.