BRPIX vs. RYAIX
BRPIX (ProFunds Bear Fund) and RYAIX (Rydex Inverse NASDAQ-100 Strategy Fund) are both Inverse Equities funds. Over the past 10 years, BRPIX returned -14.33%/yr vs -19.36%/yr for RYAIX. Their correlation of 0.87 suggests significant overlap in exposure. BRPIX charges 1.64%/yr vs 1.55%/yr for RYAIX.
Performance
BRPIX vs. RYAIX - Performance Comparison
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Returns By Period
In the year-to-date period, BRPIX achieves a -5.92% return, which is significantly higher than RYAIX's -14.19% return. Over the past 10 years, BRPIX has outperformed RYAIX with an annualized return of -14.33%, while RYAIX has yielded a comparatively lower -19.36% annualized return.
BRPIX
- 1D
- 1.42%
- 1M
- 1.54%
- YTD
- -5.92%
- 6M
- -4.67%
- 1Y
- -14.30%
- 3Y*
- -14.82%
- 5Y*
- -10.60%
- 10Y*
- -14.33%
RYAIX
- 1D
- 3.33%
- 1M
- 0.11%
- YTD
- -14.19%
- 6M
- -12.72%
- 1Y
- -22.71%
- 3Y*
- -17.65%
- 5Y*
- -13.34%
- 10Y*
- -19.36%
BRPIX vs. RYAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRPIX ProFunds Bear Fund | -5.92% | -12.27% | -20.40% | -15.39% | 17.31% | -24.68% | -25.63% | -23.18% | 4.03% | -18.03% |
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | -14.19% | -15.63% | -15.64% | -31.71% | 35.92% | -24.88% | -40.98% | -27.65% | -2.63% | -24.47% |
Correlation
The correlation between BRPIX and RYAIX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1999 | 0.87 |
The correlation between BRPIX and RYAIX has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.
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Return for Risk
BRPIX vs. RYAIX — Risk / Return Rank
BRPIX
RYAIX
BRPIX vs. RYAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Bear Fund (BRPIX) and Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX). 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.
| BRPIX | RYAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.79 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | -0.93 | +0.03 |
| Martin ratioReturn relative to average drawdown | -1.67 | -2.01 | +0.35 |
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Drawdowns
BRPIX vs. RYAIX - Drawdown Comparison
The maximum BRPIX drawdown since its inception was -96.76%, roughly equal to the maximum RYAIX drawdown of -98.93%. Use the drawdown chart below to compare losses from any high point for BRPIX and RYAIX.
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Drawdown Indicators
| BRPIX | RYAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.76% | -98.93% | +2.17% |
Max Drawdown (1Y)Largest decline over 1 year | -17.00% | -25.53% | +8.53% |
Max Drawdown (3Y)Largest decline over 3 years | -44.49% | -50.13% | +5.64% |
Max Drawdown (5Y)Largest decline over 5 years | -50.06% | -61.15% | +11.09% |
Max Drawdown (10Y)Largest decline over 10 years | -79.74% | -89.04% | +9.30% |
Current DrawdownCurrent decline from peak | -96.26% | -98.89% | +2.63% |
Average DrawdownAverage peak-to-trough decline | -62.18% | -73.33% | +11.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.98% | 12.98% | -3.00% |
Volatility
BRPIX vs. RYAIX - Volatility Comparison
The current volatility for ProFunds Bear Fund (BRPIX) is 4.83%, while Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) has a volatility of 8.98%. This indicates that BRPIX experiences smaller price fluctuations and is considered to be less risky than RYAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRPIX | RYAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 8.98% | -4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 10.02% | 14.65% | -4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.63% | 18.11% | -5.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.28% | 23.14% | -5.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.90% | 22.78% | -4.88% |
BRPIX vs. RYAIX - Expense Ratio Comparison
BRPIX has a 1.64% expense ratio, which is higher than RYAIX's 1.55% expense ratio.
Dividends
BRPIX vs. RYAIX - Dividend Comparison
BRPIX's dividend yield for the trailing twelve months is around 4.62%, more than RYAIX's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BRPIX ProFunds Bear Fund | 4.62% | 4.35% | 0.00% | 5.58% | 0.00% | 0.00% | 0.06% | 0.27% |
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | 2.60% | 2.23% | 5.67% | 4.81% | 0.00% | 0.00% | 0.09% | 0.72% |
Frequently Asked Questions
With a correlation of 0.93, BRPIX and RYAIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
RYAIX has higher volatility (8.98%) compared to BRPIX (4.83%). In terms of maximum drawdown, BRPIX dropped -96.76% vs RYAIX's -98.93%.
BRPIX currently has the higher Sharpe Ratio (-1.21 vs -1.32), 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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