RMQHX vs. HCPIX

Last updated Jun 4, 2026

RMQHX (Rydex Monthly Rebalance NASDAQ-100 2x Strategy H) and HCPIX (ProFunds UltraSector Health Care Fund) are both Leveraged Equities funds. Over the past 10 years, RMQHX returned 37.59%/yr vs 8.08%/yr for HCPIX. A 0.59 correlation means they provide meaningful diversification when combined. RMQHX charges 1.27%/yr vs 1.61%/yr for HCPIX.

Performance

RMQHX vs. HCPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Monthly Rebalance NASDAQ-100 2x Strategy H (RMQHX) and ProFunds UltraSector Health Care Fund (HCPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RMQHX achieves a 40.14% return, which is significantly higher than HCPIX's -9.32% return. Over the past 10 years, RMQHX has outperformed HCPIX with an annualized return of 37.59%, while HCPIX has yielded a comparatively lower 8.08% annualized return.

RMQHX

• 1D: 0.94%
• 1M: 21.45%
• YTD: 40.14%
• 6M: 35.68%
• 1Y: 83.42%
• 3Y*: 51.16%
• 5Y*: 27.31%
• 10Y*: 37.59%

HCPIX

• 1D: -1.49%
• 1M: 1.28%
• YTD: -9.32%
• 6M: -9.29%
• 1Y: 12.76%
• 3Y*: 3.17%
• 5Y*: 2.22%
• 10Y*: 8.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RMQHX vs. HCPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RMQHX Rydex Monthly Rebalance NASDAQ-100 2x Strategy H	40.14%	33.90%	44.74%	115.89%	-59.96%	56.33%	101.06%	80.70%	-7.28%	69.79%
HCPIX ProFunds UltraSector Health Care Fund	-9.32%	16.02%	-1.37%	-1.30%	-10.60%	33.92%	16.86%	28.41%	4.96%	19.48%

Correlation

The correlation between RMQHX and HCPIX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015	0.59

Over the past year, the correlation between RMQHX and HCPIX has dropped to 0.18 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.

Return for Risk

RMQHX vs. HCPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RMQHX

RMQHX Risk / Return Rank: 67
RMQHX Sharpe Ratio Rank: 84
RMQHX Sortino Ratio Rank: 56
RMQHX Omega Ratio Rank: 56
RMQHX Calmar Ratio Rank: 76
RMQHX Martin Ratio Rank: 64

HCPIX

HCPIX Risk / Return Rank: 8
HCPIX Sharpe Ratio Rank: 7
HCPIX Sortino Ratio Rank: 8
HCPIX Omega Ratio Rank: 7
HCPIX Calmar Ratio Rank: 8
HCPIX Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RMQHX vs. HCPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Monthly Rebalance NASDAQ-100 2x Strategy H (RMQHX) and ProFunds UltraSector Health Care Fund (HCPIX). 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.

	RMQHX	HCPIX	Difference
Sharpe ratio: Return per unit of total volatility	2.70	0.60	+2.10
Sortino ratio: Return per unit of downside risk	3.16	1.04	+2.12
Omega ratio: Gain probability vs. loss probability	1.41	1.12	+0.30
Calmar ratio: Return relative to maximum drawdown	3.48	0.82	+2.66
Martin ratio: Return relative to average drawdown	12.56	1.95	+10.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RMQHX vs. HCPIX - Sharpe Ratio Comparison

The current RMQHX Sharpe Ratio is 2.70, which is higher than the HCPIX Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of RMQHX and HCPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RMQHX	HCPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.70	0.60	+2.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.10	+0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.32	+0.49
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.26	+0.50

Drawdowns

RMQHX vs. HCPIX - Drawdown Comparison

The maximum RMQHX drawdown since its inception was -63.21%, roughly equal to the maximum HCPIX drawdown of -64.90%. Use the drawdown chart below to compare losses from any high point for RMQHX and HCPIX.

Drawdown Indicators

	RMQHX	HCPIX	Difference
Max Drawdown Largest peak-to-trough decline	-63.21%	-64.90%	+1.69%
Max Drawdown (1Y) Largest decline over 1 year	-24.97%	-16.12%	-8.85%
Max Drawdown (3Y) Largest decline over 3 years	-42.46%	-27.68%	-14.78%
Max Drawdown (5Y) Largest decline over 5 years	-63.21%	-27.68%	-35.53%
Max Drawdown (10Y) Largest decline over 10 years	-63.21%	-40.66%	-22.55%
Current Drawdown Current decline from peak	0.00%	-14.39%	+14.39%
Average Drawdown Average peak-to-trough decline	-12.87%	-21.01%	+8.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.89%	6.72%	+0.17%

Volatility

RMQHX vs. HCPIX - Volatility Comparison

Rydex Monthly Rebalance NASDAQ-100 2x Strategy H (RMQHX) has a higher volatility of 8.58% compared to ProFunds UltraSector Health Care Fund (HCPIX) at 6.11%. This indicates that RMQHX's price experiences larger fluctuations and is considered to be riskier than HCPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RMQHX	HCPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.58%	6.11%	+2.47%
Volatility (6M) Calculated over the trailing 6-month period	24.32%	15.37%	+8.95%
Volatility (1Y) Calculated over the trailing 1-year period	32.15%	21.92%	+10.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.22%	22.25%	+23.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.44%	25.00%	+21.44%

RMQHX vs. HCPIX - Expense Ratio Comparison

RMQHX has a 1.27% expense ratio, which is lower than HCPIX's 1.61% expense ratio.

Dividends

RMQHX vs. HCPIX - Dividend Comparison

RMQHX's dividend yield for the trailing twelve months is around 24.81%, more than HCPIX's 0.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HCPIX ProFunds UltraSector Health Care Fund	0.19%	0.17%	0.82%	0.26%	0.00%	0.00%	0.00%	0.05%	0.03%
RMQHX Rydex Monthly Rebalance NASDAQ-100 2x Strategy H	24.81%	34.77%	25.22%	3.66%	0.00%	2.13%	5.17%	0.10%	0.00%

Frequently Asked Questions

Can I hold both RMQHX and HCPIX in my portfolio?

RMQHX and HCPIX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RMQHX or HCPIX?

RMQHX has higher volatility (8.58%) compared to HCPIX (6.11%). In terms of maximum drawdown, RMQHX dropped -63.21% vs HCPIX's -64.90%.

Which has better risk-adjusted returns?

RMQHX currently has the higher Sharpe Ratio (2.70 vs 0.60), 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.