PHPIX vs. RYGBX
PHPIX (ProFunds Pharmaceuticals UltraSector Fund) and RYGBX (Rydex Government Long Bond 1.2x Strategy Fund) are both mutual funds - PHPIX is a Leveraged Equities fund managed by ProFunds, while RYGBX is a Leveraged Bonds fund managed by Rydex Funds. Over the past 10 years, PHPIX returned 7.93%/yr vs -5.69%/yr for RYGBX. Their -0.14 correlation means they have often moved in opposite directions in the past. PHPIX charges 1.78%/yr vs 0.99%/yr for RYGBX.
Performance
PHPIX vs. RYGBX - Performance Comparison
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Returns By Period
In the year-to-date period, PHPIX achieves a 34.39% return, which is significantly higher than RYGBX's -5.29% return. Over the past 10 years, PHPIX has outperformed RYGBX with an annualized return of 7.93%, while RYGBX has yielded a comparatively lower -5.69% annualized return.
PHPIX
- 1D
- 2.18%
- 1M
- 5.47%
- 6M
- 37.78%
- YTD
- 34.39%
- 1Y
- 105.72%
- 3Y*
- 20.73%
- 5Y*
- 12.17%
- 10Y*
- 7.93%
- ALL TIME*
- 4.73%
RYGBX
- 1D
- -0.13%
- 1M
- -4.11%
- 6M
- -4.50%
- YTD
- -5.29%
- 1Y
- -4.35%
- 3Y*
- -5.78%
- 5Y*
- -13.13%
- 10Y*
- -5.69%
- ALL TIME*
- 1.19%
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 |
PHPIX vs. RYGBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHPIX ProFunds Pharmaceuticals UltraSector Fund | 34.39% | 41.41% | 1.36% | -11.28% | -10.73% | 28.10% | 15.48% | 19.98% | -14.91% | 10.19% |
RYGBX Rydex Government Long Bond 1.2x Strategy Fund | -5.29% | 2.19% | -12.81% | -1.05% | -40.90% | -7.28% | 21.93% | 17.50% | -5.20% | 9.93% |
Correlation
The correlation between PHPIX and RYGBX is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2000 | -0.14 |
The correlation between PHPIX and RYGBX shifts across timeframes, from -0.14 (all time) to 0.20 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PHPIX vs. RYGBX — Risk / Return Rank
PHPIX
RYGBX
PHPIX vs. RYGBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Pharmaceuticals UltraSector Fund (PHPIX) and Rydex Government Long Bond 1.2x Strategy Fund (RYGBX). 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.
| PHPIX | RYGBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.33 | ||
| Sortino ratioReturn per unit of downside risk | +3.98 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 0.97 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 5.84 | -0.25 | +6.09 |
| Martin ratioReturn relative to average drawdown | 20.23 | -0.52 | +20.75 |
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Drawdowns
PHPIX vs. RYGBX - Drawdown Comparison
The maximum PHPIX drawdown since its inception was -77.37%, which is greater than RYGBX's maximum drawdown of -62.42%. Use the drawdown chart below to compare losses from any high point for PHPIX and RYGBX.
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Drawdown Indicators
| PHPIX | RYGBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.37% | -62.42% | -14.95% |
Max Drawdown (1Y)Largest decline over 1 year | -17.65% | -9.88% | -7.77% |
Max Drawdown (3Y)Largest decline over 3 years | -35.00% | -19.21% | -15.79% |
Max Drawdown (5Y)Largest decline over 5 years | -39.21% | -55.36% | +16.15% |
Max Drawdown (10Y)Largest decline over 10 years | -45.46% | -62.42% | +16.96% |
Current DrawdownCurrent decline from peak | -0.92% | -60.60% | +59.68% |
Average DrawdownAverage peak-to-trough decline | -31.52% | -19.71% | -11.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.09% | 4.75% | +0.34% |
Volatility
PHPIX vs. RYGBX - Volatility Comparison
ProFunds Pharmaceuticals UltraSector Fund (PHPIX) has a higher volatility of 11.50% compared to Rydex Government Long Bond 1.2x Strategy Fund (RYGBX) at 2.93%. This indicates that PHPIX's price experiences larger fluctuations and is considered to be riskier than RYGBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHPIX | RYGBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.50% | 2.93% | +8.57% |
Volatility (6M)Calculated over the trailing 6-month period | 25.69% | 7.92% | +17.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.29% | 10.87% | +22.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.81% | 19.54% | +9.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.15% | 19.19% | +8.96% |
PHPIX vs. RYGBX - Expense Ratio Comparison
PHPIX has a 1.78% expense ratio, which is higher than RYGBX's 0.99% expense ratio.
Dividends
PHPIX vs. RYGBX - Dividend Comparison
PHPIX's dividend yield for the trailing twelve months is around 0.66%, less than RYGBX's 3.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHPIX ProFunds Pharmaceuticals UltraSector Fund | 0.66% | 0.89% | 1.06% | 0.48% | 0.00% | 11.83% | 0.38% | 0.00% | 4.17% | 0.00% | 0.00% | 0.08% |
RYGBX Rydex Government Long Bond 1.2x Strategy Fund | 3.71% | 3.59% | 2.89% | 2.70% | 1.69% | 0.71% | 46.47% | 5.00% | 1.51% | 1.45% | 5.62% | 2.07% |
Frequently Asked Questions
PHPIX and RYGBX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PHPIX has higher volatility (11.50%) compared to RYGBX (2.93%). In terms of maximum drawdown, PHPIX dropped -77.37% vs RYGBX's -62.42%.
PHPIX currently has the higher Sharpe Ratio (3.10 vs -0.23), 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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