Investment Test Drive

RYANX Rydex Nova A

1 lower fee alternative found

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Fund RYANX Rydex Nova A RYNVX Rydex Nova Inv  
Similarity
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100% 100%
Annual Fees
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$165.98
(1.51% Exp. Ratio)
$137.40
(1.25% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 9.92% annual return
$108,127.29 $117,026.53
Est. savings over 30 yrs +$8,899.24
Return
As of 11/30/16
1 YR RETURN 9.03%
3 YR 10.96%
5 YR 19.47%
10 YR 6.27%
1 YR RETURN 9.19%
3 YR 11.19%
5 YR 19.74%
10 YR 6.52%
Description
The investment seeks to provide investment results that match, before fees and expenses, 150% of the performance of the S&P 500® Index on a daily basis. 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 leveraged derivative instruments, which primarily consist of equity index swap agreements, futures contracts, and options on securities, futures contracts, and stock indices. The fund is non-diversified.
The investment seeks to provide investment results that match, before fees and expenses, 150% of the performance of the S&P 500® Index on a daily basis. 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 leveraged derivative instruments, which primarily consist of equity index swap agreements, futures contracts, and options on securities, futures contracts, and stock indices. The fund is non-diversified.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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