BKPIX vs. RMQAX
BKPIX (ProFunds Banks UltraSector Fund) and RMQAX (Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund) are both Leveraged Equities funds. Over the past 10 years, BKPIX returned 12.03%/yr vs 33.71%/yr for RMQAX. Their 0.45 correlation means their historical movements had little consistent relationship. BKPIX charges 1.71%/yr vs 1.32%/yr for RMQAX.
Performance
BKPIX vs. RMQAX - Performance Comparison
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Returns By Period
In the year-to-date period, BKPIX achieves a 20.43% return, which is significantly higher than RMQAX's 16.20% return. Over the past 10 years, BKPIX has underperformed RMQAX with an annualized return of 12.03%, while RMQAX has yielded a comparatively higher 33.71% annualized return.
BKPIX
- 1D
- -0.38%
- 1M
- 1.58%
- 6M
- 13.04%
- YTD
- 20.43%
- 1Y
- 38.02%
- 3Y*
- 25.41%
- 5Y*
- 7.88%
- 10Y*
- 12.03%
- ALL TIME*
- 4.51%
RMQAX
- 1D
- 7.48%
- 1M
- -8.91%
- 6M
- 13.97%
- YTD
- 16.20%
- 1Y
- 39.46%
- 3Y*
- 35.28%
- 5Y*
- 17.97%
- 10Y*
- 33.71%
- ALL TIME*
- 31.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BKPIX vs. RMQAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKPIX ProFunds Banks UltraSector Fund | 20.43% | 11.57% | 28.64% | 9.95% | -30.83% | 52.43% | -30.69% | 55.99% | -27.23% | 26.77% |
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 16.20% | 33.92% | 44.76% | 115.91% | -59.93% | 56.36% | 101.06% | 80.80% | -7.28% | 69.80% |
Correlation
The correlation between BKPIX and RMQAX is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.46 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.45 |
The correlation between BKPIX and RMQAX shifts across timeframes, from 0.27 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BKPIX vs. RMQAX — Risk / Return Rank
BKPIX
RMQAX
BKPIX vs. RMQAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Banks UltraSector Fund (BKPIX) and Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BKPIX | RMQAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.16 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.31 | +0.20 |
| Martin ratioReturn relative to average drawdown | 3.80 | 4.05 | -0.26 |
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Drawdowns
BKPIX vs. RMQAX - Drawdown Comparison
The maximum BKPIX drawdown since its inception was -96.22%, which is greater than RMQAX's maximum drawdown of -63.18%. Use the drawdown chart below to compare losses from any high point for BKPIX and RMQAX.
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Drawdown Indicators
| BKPIX | RMQAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.22% | -63.18% | -33.04% |
Max Drawdown (1Y)Largest decline over 1 year | -21.69% | -24.96% | +3.27% |
Max Drawdown (3Y)Largest decline over 3 years | -37.94% | -42.45% | +4.51% |
Max Drawdown (5Y)Largest decline over 5 years | -61.71% | -63.18% | +1.47% |
Max Drawdown (10Y)Largest decline over 10 years | -66.21% | -63.18% | -3.03% |
Current DrawdownCurrent decline from peak | -38.76% | -17.08% | -21.68% |
Average DrawdownAverage peak-to-trough decline | -55.98% | -12.85% | -43.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.63% | 8.04% | +0.59% |
Volatility
BKPIX vs. RMQAX - Volatility Comparison
The current volatility for ProFunds Banks UltraSector Fund (BKPIX) is 8.12%, while Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) has a volatility of 14.58%. This indicates that BKPIX experiences smaller price fluctuations and is considered to be less risky than RMQAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKPIX | RMQAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.12% | 14.58% | -6.46% |
Volatility (6M)Calculated over the trailing 6-month period | 21.81% | 32.55% | -10.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.90% | 39.23% | -7.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.47% | 47.24% | -6.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.24% | 46.82% | -3.58% |
BKPIX vs. RMQAX - Expense Ratio Comparison
BKPIX has a 1.71% expense ratio, which is higher than RMQAX's 1.32% expense ratio.
Dividends
BKPIX vs. RMQAX - Dividend Comparison
BKPIX's dividend yield for the trailing twelve months is around 1.18%, less than RMQAX's 31.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BKPIX ProFunds Banks UltraSector Fund | 1.18% | 1.42% | 0.75% | 1.64% | 0.29% | 0.00% | 0.00% | 0.38% | 1.53% |
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 31.21% | 36.27% | 26.02% | 3.76% | 0.00% | 2.18% | 5.30% | 0.10% | 0.00% |
Frequently Asked Questions
BKPIX and RMQAX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RMQAX has higher volatility (14.58%) compared to BKPIX (8.12%). In terms of maximum drawdown, BKPIX dropped -96.22% vs RMQAX's -63.18%.
BKPIX currently has the higher Sharpe Ratio (1.03 vs 0.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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