Fund Evaluator:
Rydex Europe 1.25x Strategy H (RYEUX)
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Best Performing in Trading--Leveraged Equity Over the Last Year
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Fund Details
Rydex Europe 1.25x Strategy H Overview
Rydex Europe 1.25x Strategy H (RYEUX) is a passively managed Miscellaneous Trading--Leveraged Equity fund. Rydex Funds launched the fund in 2000.
The investment seeks to provide investment results that correlate, before fees and expenses, to the performance of 125% of the fair value of the STOXX Europe 50® Index. The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies in the underlying index and derivatives and other instruments whose performance is expected to correspond to that of the underlying index. The index is a capitalization-weighted index composed of 50 European blue-chip stocks consisting of capitalizations ranging from $4.1 million to $644. The fund is non-diversified.
About Rydex Europe 1.25x Strategy H (RYEUX)
There are 4 members of the management team with an average tenure of 9.62 years: Brendan Cain (2022), Spencer Crane (2022), Scott Miller (2022), Michael Byrum (2000). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI World ex USA NR USD index with a weighting of 100% and STOXX Europe 50 NR USD index with a weighting of 125%. Rydex Europe 1.25x Strategy H has 59 securities in its portfolio. The top 10 holdings constitute 24.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Rydex Europe 1.25x Strategy H is part of the Other global asset class and is within the Miscellaneous fund group. Rydex Europe 1.25x Strategy H has 47.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.3%. There is 46.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 7.2% (6.1% domestic bond, 1.1% foreign bond and 0.0% convertible bond). Rydex Europe 1.25x Strategy H has 46.5% of the portfolio in cash.
Assets Under Management
The fund has $1 million in total assets, which is below the $69 million average for the Trading--Leveraged Equity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
RYEUX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Rydex Europe 1.25x Strategy H expense ratio is high compared to funds in the Trading--Leveraged Equity category. Rydex Europe 1.25x Strategy H has an expense ratio of 1.59%, which is 22% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Rydex Europe 1.25x Strategy H has a portfolio turnover rate of 1775%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 398% for the Trading--Leveraged Equity category.
Recently, in the month of July 2026, Rydex Europe 1.25x Strategy H returned 1.5%, which earned it a grade of B, as the Trading--Leveraged Equity category had an average return of -2.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Rydex Europe 1.25x Strategy H has a trailing yield of 5.36%, which is above the 1.00% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Rydex Europe 1.25x Strategy H Grades
Year to date, the fund has returned 11.1%, 6.1 percentage points worse than the category, which translates into a grade of D. The fund has returned 28.0% over the past year (grade of D), 13.3% over the past three years (grade of F) and 9.1% per year over the past five years (grade of C) and 8.9% per year over the past 10 years (grade of D).
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RYEUX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| RYEUX Return (NAV) | 1.5% | 6.6% | 28.0% | 13.3% | 9.1% | 8.9% |
| RYEUX Grade | B | B | D | F | C | D |
| +/- Category | 4.2% | 3.7% | -11.3% | -7.8% | -0.6% | -5.0% |
| Trading--Leveraged Equity Avg | -2.7% | 2.9% | 39.4% | 21.1% | 9.8% | 14.0% |
| RYEUX Tax Cost Ratio | na | na | 2.3% | 2.3% | 1.4% | 1.3% |
RYEUX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| RYEUX Return (NAV) | 11.1% | 33.0% | -2.5% | 19.5% | -12.9% | 18.7% | 0.3% | 29.8% | -18.7% | 28.1% | -6.4% |
| RYEUX Grade | D | B | F | D | A | D | F | D | C | D | F |
| +/- Category | -6.1% | 1.8% | -21.1% | -16.4% | 16.1% | -8.1% | -23.1% | -14.2% | -1.1% | -9.5% | -25.6% |
| Trading--Leveraged Equity Avg | 17.1% | 31.2% | 18.6% | 36.0% | -28.9% | 26.9% | 23.4% | 44.0% | -17.6% | 37.7% | 19.3% |
| Risk Measures | |
| Standard Deviation: | 16.1% |
| Total Risk Index: | 1.31 - Above Average |
| Category Risk Index: | 0.52 - Low |
| Category Risk Grade: | A (4% Rank) |
| Beta: | 0.73 |
| R-Squared: | 35% |
| Leveraged Fund: | Yes |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 5.4% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1 Mil |
| Fund Total Assets: | $ 2 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 1775% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 26.3 years | |||
| Average Tenure: 9.6 years | |||
| Managers (Year): Byrum Michael (2000), Cain Brendan (2022), Crane Spencer (2022), Miller Scott (2022) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 59 |
| % in Top 10 Holdings: | 24.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 47.1% |
Portfolio Allocation |
|
| Domestic Stock: | 0.3% |
| Foreign Stock: | 46.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 6.1% |
| Foreign Bond: | 1.1% |
| Convertible Bond: | 0.0% |
| Other: | -0.0% |
| Cash: | 46.5% |
Purchase Information
| Fund Family: | Rydex Funds |
| Phone Number: | 800-820-0888 |
| Website: | www.rydex-sgi.com |
| Status: | Open |
| Inception Date: | May 8, 2000 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.59% ( Rating : High ) |
| Category Average Expense Ratio (%): | 2.03% |
| Share Class: | Rydex Europe 1.25x Strategy H |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
