OTPIX vs. RYAIX
Compare and contrast key facts about ProFunds NASDAQ-100 Fund (OTPIX) and Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX).
OTPIX is managed by ProFunds. It was launched on Aug 7, 2000. RYAIX is managed by Rydex Funds. It was launched on Sep 2, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OTPIX or RYAIX.
Correlation
The correlation between OTPIX and RYAIX is -0.99. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
OTPIX vs. RYAIX - Performance Comparison
Key characteristics
OTPIX:
1.43
RYAIX:
-1.21
OTPIX:
1.95
RYAIX:
-1.75
OTPIX:
1.26
RYAIX:
0.80
OTPIX:
1.88
RYAIX:
-0.23
OTPIX:
6.59
RYAIX:
-1.76
OTPIX:
3.92%
RYAIX:
12.82%
OTPIX:
18.10%
RYAIX:
18.69%
OTPIX:
-72.58%
RYAIX:
-98.44%
OTPIX:
-4.49%
RYAIX:
-98.29%
Returns By Period
In the year-to-date period, OTPIX achieves a 23.83% return, which is significantly higher than RYAIX's -21.50% return. Over the past 10 years, OTPIX has outperformed RYAIX with an annualized return of 15.28%, while RYAIX has yielded a comparatively lower -17.96% annualized return.
OTPIX
23.83%
2.05%
6.44%
24.31%
16.48%
15.28%
RYAIX
-21.50%
-7.93%
-10.82%
-21.63%
-20.34%
-17.96%
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OTPIX vs. RYAIX - Expense Ratio Comparison
OTPIX has a 1.48% expense ratio, which is lower than RYAIX's 1.55% expense ratio.
Risk-Adjusted Performance
OTPIX vs. RYAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds NASDAQ-100 Fund (OTPIX) 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.
Dividends
OTPIX vs. RYAIX - Dividend Comparison
Neither OTPIX nor RYAIX has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
OTPIX ProFunds NASDAQ-100 Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | 0.00% | 4.80% | 0.00% | 0.00% | 0.09% | 0.72% |
Drawdowns
OTPIX vs. RYAIX - Drawdown Comparison
The maximum OTPIX drawdown since its inception was -72.58%, smaller than the maximum RYAIX drawdown of -98.44%. Use the drawdown chart below to compare losses from any high point for OTPIX and RYAIX. For additional features, visit the drawdowns tool.
Volatility
OTPIX vs. RYAIX - Volatility Comparison
The current volatility for ProFunds NASDAQ-100 Fund (OTPIX) is 5.49%, while Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) has a volatility of 7.20%. This indicates that OTPIX 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.