Sp 500 2x Fund Quote
RYCTX Fund | USD 239.02 0.62 0.26% |
Performance6 of 100
| Odds Of DistressLess than 20
|
Sp 500 is trading at 239.02 as of the 8th of June 2024; that is -0.26 percent decrease since the beginning of the trading day. The fund's open price was 239.64. Sp 500 has about a 20 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Sp 500 2x are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of May 2024 and ending today, the 8th of June 2024. Click here to learn more.
The fund employs as its investment strategy a program of investing in the common stock of companies that are generally within the capitalization range of the underlying index and derivative instruments. It will invest at least 80 percent of its net assets, plus any borrowings for investment purposes, in financial instruments with economic characteristics that should perform similarly to the securities of companies in the underlying index. More on Sp 500 2x
Moving together with RYCTX Mutual Fund
0.63 | RYBCX | Basic Materials | PairCorr |
0.62 | RYBAX | Basic Materials | PairCorr |
0.62 | RYBMX | Basic Materials | PairCorr |
0.67 | RYBHX | Sp Midcap 400 | PairCorr |
0.62 | RYBIX | Basic Materials | PairCorr |
0.76 | RYBOX | Biotechnology Fund Class | PairCorr |
Moving against RYCTX Mutual Fund
RYCTX Mutual Fund Highlights
Fund Concentration | Rydex Funds, Large Growth Funds, Trading--Leveraged Equity Funds, Trading--Leveraged Equity, Rydex Funds (View all Sectors) |
Update Date | 30th of June 2024 |
Expense Ratio Date | 1st of August 2022 |
Fiscal Year End | March |
Sp 500 2x [RYCTX] is traded in USA and was established 8th of June 2024. Sp 500 is listed under Rydex Funds category by Fama And French industry classification. The fund is listed under Trading--Leveraged Equity category and is part of Rydex Funds family. This fund at this time has accumulated 213.65 M in assets with no minimum investment requirementsSp 500 2x is currently producing year-to-date (YTD) return of 19.32% with the current yeild of 0.0%, while the total return for the last 3 years was 9.11%.
Check Sp 500 Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on RYCTX Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding RYCTX Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Sp 500 2x Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Sp 500 2x Mutual Fund Constituents
AAPL | Apple Inc | Stock | Information Technology |
AMZN | Amazon Inc | Stock | Consumer Discretionary |
FB | Meta Platforms | Stock | Internet Content & Information |
GOOG | Alphabet Inc Class C | Stock | Communication Services |
GOOGL | Alphabet Inc Class A | Stock | Communication Services |
JNJ | Johnson Johnson | Stock | Health Care |
JPM | JPMorgan Chase Co | Stock | Financials |
Sp 500 2x Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Sp 500 market risk premium is the additional return an investor will receive from holding Sp 500 long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Sp 500. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Sp 500's alpha and beta are two of the key measurements used to evaluate Sp 500's performance over the market, the standard measures of volatility play an important role as well.
Mean Deviation | 1.07 | |||
Semi Deviation | 1.22 | |||
Standard Deviation | 1.38 | |||
Variance | 1.9 |
Sp 500 Against Markets
Other Information on Investing in RYCTX Mutual Fund
Sp 500 financial ratios help investors to determine whether RYCTX Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in RYCTX with respect to the benefits of owning Sp 500 security.
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