BRPIX vs. RYTPX
BRPIX (ProFunds Bear Fund) and RYTPX (Rydex Inverse S&P 500 2x Strategy Fund) are both Inverse Equities funds. Over the past 10 years, BRPIX returned -14.06%/yr vs -16.96%/yr for RYTPX. With a 0.96 correlation, they move nearly in lockstep. BRPIX charges 1.64%/yr vs 2.16%/yr for RYTPX.
Performance
BRPIX vs. RYTPX - Performance Comparison
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Returns By Period
In the year-to-date period, BRPIX achieves a -8.33% return, which is significantly higher than RYTPX's -16.84% return. Over the past 10 years, BRPIX has outperformed RYTPX with an annualized return of -14.06%, while RYTPX has yielded a comparatively lower -16.96% annualized return.
BRPIX
- 1D
- -0.48%
- 1M
- -1.65%
- 6M
- -6.70%
- YTD
- -8.33%
- 1Y
- -14.45%
- 3Y*
- -15.07%
- 5Y*
- -10.61%
- 10Y*
- -14.06%
RYTPX
- 1D
- -0.79%
- 1M
- -3.45%
- 6M
- -13.79%
- YTD
- -16.84%
- 1Y
- -28.50%
- 3Y*
- -27.35%
- 5Y*
- -21.23%
- 10Y*
- -16.96%
BRPIX vs. RYTPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRPIX ProFunds Bear Fund | -8.33% | -12.27% | -20.40% | -15.39% | 17.31% | -24.68% | -25.63% | -23.18% | 4.03% | -18.03% |
RYTPX Rydex Inverse S&P 500 2x Strategy Fund | -16.84% | -27.24% | -29.24% | -31.96% | 29.31% | -43.38% | -50.05% | -41.84% | 4.42% | -32.54% |
Correlation
The correlation between BRPIX and RYTPX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.96 |
The correlation between BRPIX and RYTPX has been stable across timeframes, ranging from 0.96 to 0.99 - a consistent structural relationship.
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Return for Risk
BRPIX vs. RYTPX — Risk / Return Rank
BRPIX
RYTPX
BRPIX vs. RYTPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Bear Fund (BRPIX) and Rydex Inverse S&P 500 2x Strategy Fund (RYTPX). 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 | RYTPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.82 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.94 | +0.06 |
| Martin ratioReturn relative to average drawdown | -1.65 | -1.66 | +0.01 |
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Drawdowns
BRPIX vs. RYTPX - Drawdown Comparison
The maximum BRPIX drawdown since its inception was -96.76%, roughly equal to the maximum RYTPX drawdown of -99.92%. Use the drawdown chart below to compare losses from any high point for BRPIX and RYTPX.
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Drawdown Indicators
| BRPIX | RYTPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.76% | -99.92% | +3.16% |
Max Drawdown (1Y)Largest decline over 1 year | -16.15% | -29.99% | +13.84% |
Max Drawdown (3Y)Largest decline over 3 years | -44.49% | -68.03% | +23.54% |
Max Drawdown (5Y)Largest decline over 5 years | -50.06% | -75.66% | +25.60% |
Max Drawdown (10Y)Largest decline over 10 years | -78.55% | -96.13% | +17.58% |
Current DrawdownCurrent decline from peak | -96.35% | -99.92% | +3.57% |
Average DrawdownAverage peak-to-trough decline | -62.24% | -82.36% | +20.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.55% | 16.84% | -8.29% |
Volatility
BRPIX vs. RYTPX - Volatility Comparison
The current volatility for ProFunds Bear Fund (BRPIX) is 4.22%, while Rydex Inverse S&P 500 2x Strategy Fund (RYTPX) has a volatility of 8.58%. This indicates that BRPIX experiences smaller price fluctuations and is considered to be less risky than RYTPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRPIX | RYTPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 8.58% | -4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 10.04% | 19.92% | -9.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 25.02% | -12.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.27% | 33.94% | -16.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 257.87% | -240.01% |
BRPIX vs. RYTPX - Expense Ratio Comparison
BRPIX has a 1.64% expense ratio, which is lower than RYTPX's 2.16% expense ratio.
Dividends
BRPIX vs. RYTPX - Dividend Comparison
BRPIX's dividend yield for the trailing twelve months is around 4.74%, less than RYTPX's 6.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BRPIX ProFunds Bear Fund | 4.74% | 4.35% | 0.00% | 5.58% | 0.00% | 0.00% | 0.06% | 0.27% |
RYTPX Rydex Inverse S&P 500 2x Strategy Fund | 6.19% | 5.15% | 6.90% | 3.35% | 0.00% | 0.00% | 0.00% | 0.23% |
Frequently Asked Questions
With a correlation of 0.99, BRPIX and RYTPX 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.
RYTPX has higher volatility (8.58%) compared to BRPIX (4.22%). In terms of maximum drawdown, BRPIX dropped -96.76% vs RYTPX's -99.92%.
RYTPX currently has the higher Sharpe Ratio (-1.12 vs -1.13), 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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