BRPIX vs. RYWWX
BRPIX (ProFunds Bear Fund) and RYWWX (Rydex Inverse Emerging Markets 2x Strategy Fund) are both Inverse Equities funds. Over the past 10 years, BRPIX returned -13.79%/yr vs -26.08%/yr for RYWWX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. BRPIX charges 1.64%/yr vs 1.87%/yr for RYWWX.
Performance
BRPIX vs. RYWWX - Performance Comparison
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Returns By Period
In the year-to-date period, BRPIX achieves a -6.47% return, which is significantly higher than RYWWX's -11.52% return. Over the past 10 years, BRPIX has outperformed RYWWX with an annualized return of -13.79%, while RYWWX has yielded a comparatively lower -26.08% annualized return.
BRPIX
- 1D
- -1.61%
- 1M
- 0.83%
- 6M
- -5.43%
- YTD
- -6.47%
- 1Y
- -13.31%
- 3Y*
- -13.67%
- 5Y*
- -10.10%
- 10Y*
- -13.79%
- ALL TIME*
- 0.06%
RYWWX
- 1D
- -6.74%
- 1M
- -4.78%
- 6M
- 2.89%
- YTD
- -11.52%
- 1Y
- -34.70%
- 3Y*
- -28.35%
- 5Y*
- -20.73%
- 10Y*
- -26.08%
- ALL TIME*
- -19.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BRPIX ProFunds Bear Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
BRPIX vs. RYWWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRPIX ProFunds Bear Fund | -6.47% | -12.27% | -20.40% | -15.39% | 17.31% | -24.68% | -25.63% | -23.18% | 4.03% | -18.03% |
RYWWX Rydex Inverse Emerging Markets 2x Strategy Fund | -11.52% | -51.31% | -17.03% | -28.06% | 2.55% | 17.09% | -57.70% | -39.99% | 23.02% | -47.98% |
Correlation
The correlation between BRPIX and RYWWX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011 | 0.71 |
The correlation between BRPIX and RYWWX has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.
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Return for Risk
BRPIX vs. RYWWX — Risk / Return Rank
BRPIX
RYWWX
BRPIX vs. RYWWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Bear Fund (BRPIX) and Rydex Inverse Emerging Markets 2x Strategy Fund (RYWWX). 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 | RYWWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.89 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | -0.78 | +0.06 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.08 | -0.18 |
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Drawdowns
BRPIX vs. RYWWX - Drawdown Comparison
The maximum BRPIX drawdown since its inception was -96.76%, roughly equal to the maximum RYWWX drawdown of -98.12%. Use the drawdown chart below to compare losses from any high point for BRPIX and RYWWX.
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Drawdown Indicators
| BRPIX | RYWWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.76% | -98.12% | +1.36% |
Max Drawdown (1Y)Largest decline over 1 year | -16.15% | -42.47% | +26.32% |
Max Drawdown (3Y)Largest decline over 3 years | -44.49% | -75.97% | +31.48% |
Max Drawdown (5Y)Largest decline over 5 years | -50.06% | -84.06% | +34.00% |
Max Drawdown (10Y)Largest decline over 10 years | -78.55% | -95.68% | +17.13% |
Current DrawdownCurrent decline from peak | -96.28% | -97.87% | +1.59% |
Average DrawdownAverage peak-to-trough decline | -62.30% | -68.89% | +6.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.18% | 30.63% | -21.45% |
Volatility
BRPIX vs. RYWWX - Volatility Comparison
The current volatility for ProFunds Bear Fund (BRPIX) is 3.39%, while Rydex Inverse Emerging Markets 2x Strategy Fund (RYWWX) has a volatility of 13.36%. This indicates that BRPIX experiences smaller price fluctuations and is considered to be less risky than RYWWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRPIX | RYWWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 13.36% | -9.97% |
Volatility (6M)Calculated over the trailing 6-month period | 10.17% | 35.51% | -25.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.90% | 44.19% | -31.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.28% | 47.95% | -30.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.88% | 46.58% | -28.70% |
BRPIX vs. RYWWX - Expense Ratio Comparison
BRPIX has a 1.64% expense ratio, which is lower than RYWWX's 1.87% expense ratio.
Dividends
BRPIX vs. RYWWX - Dividend Comparison
BRPIX's dividend yield for the trailing twelve months is around 4.65%, less than RYWWX's 5.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BRPIX ProFunds Bear Fund | 4.65% | 4.35% | 0.00% | 5.58% | 0.00% | 0.00% | 0.06% | 0.27% |
RYWWX Rydex Inverse Emerging Markets 2x Strategy Fund | 5.65% | 5.00% | 5.36% | 3.28% | 0.00% | 0.00% | 0.00% | 1.06% |
Frequently Asked Questions
BRPIX and RYWWX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYWWX has higher volatility (13.36%) compared to BRPIX (3.39%). In terms of maximum drawdown, BRPIX dropped -96.76% vs RYWWX's -98.12%.
RYWWX currently has the higher Sharpe Ratio (-0.75 vs -0.90), 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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