RRPIX vs. RYJUX

Last updated Jun 23, 2026

RRPIX (ProFunds Rising Rates Opportunity Fund) and RYJUX (Rydex Inverse Government Long Bond Strategy Fund) are both Inverse Bonds funds. Over the past 10 years, RRPIX returned 1.53%/yr vs 3.13%/yr for RYJUX. With a 0.99 correlation, they move nearly in lockstep. RRPIX charges 1.52%/yr vs 4.28%/yr for RYJUX.

Performance

RRPIX vs. RYJUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds Rising Rates Opportunity Fund (RRPIX) and Rydex Inverse Government Long Bond Strategy Fund (RYJUX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RRPIX achieves a 0.95% return, which is significantly lower than RYJUX's 1.20% return. Over the past 10 years, RRPIX has underperformed RYJUX with an annualized return of 1.53%, while RYJUX has yielded a comparatively higher 3.13% annualized return.

RRPIX

• 1D: -0.55%
• 1M: -3.50%
• YTD: 0.95%
• 6M: 0.74%
• 1Y: -0.10%
• 3Y*: 6.45%
• 5Y*: 11.47%
• 10Y*: 1.53%

RYJUX

• 1D: -0.44%
• 1M: -2.43%
• YTD: 1.20%
• 6M: 1.13%
• 1Y: 1.04%
• 3Y*: 8.74%
• 5Y*: 11.93%
• 10Y*: 3.13%

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

RRPIX vs. RYJUX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RRPIX ProFunds Rising Rates Opportunity Fund	0.95%	0.93%	13.26%	2.52%	56.59%	0.66%	-26.80%	-17.37%	4.15%	-11.94%
RYJUX Rydex Inverse Government Long Bond Strategy Fund	1.20%	2.24%	18.01%	4.58%	45.99%	1.31%	-21.12%	-12.94%	4.03%	-8.97%

Correlation

The correlation between RRPIX and RYJUX is 1.00 - 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	1.00
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jan 2, 2003	0.99

The correlation between RRPIX and RYJUX has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.

Return for Risk

RRPIX vs. RYJUX — Risk / Return Rank

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

RRPIX

RRPIX Risk / Return Rank: 3
RRPIX Sharpe Ratio Rank: 3
RRPIX Sortino Ratio Rank: 3
RRPIX Omega Ratio Rank: 3
RRPIX Calmar Ratio Rank: 3
RRPIX Martin Ratio Rank: 3

RYJUX

RYJUX Risk / Return Rank: 4
RYJUX Sharpe Ratio Rank: 4
RYJUX Sortino Ratio Rank: 3
RYJUX Omega Ratio Rank: 3
RYJUX Calmar Ratio Rank: 4
RYJUX Martin Ratio Rank: 4

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.

RRPIX vs. RYJUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Rising Rates Opportunity Fund (RRPIX) and Rydex Inverse Government Long Bond Strategy Fund (RYJUX). 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.

	RRPIX	RYJUX	Difference
Sharpe ratio: Return per unit of total volatility	0.02	0.14	-0.13
Sortino ratio: Return per unit of downside risk	0.10	0.26	-0.16
Omega ratio: Gain probability vs. loss probability	1.01	1.03	-0.02
Calmar ratio: Return relative to maximum drawdown	0.02	0.19	-0.17
Martin ratio: Return relative to average drawdown	0.04	0.44	-0.39

RRPIX vs. RYJUX - Sharpe Ratio Comparison

The current RRPIX Sharpe Ratio is 0.02, which is lower than the RYJUX Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of RRPIX and RYJUX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RRPIX vs. RYJUX - Drawdown Comparison

The maximum RRPIX drawdown since its inception was -89.37%, roughly equal to the maximum RYJUX drawdown of -85.46%. Use the drawdown chart below to compare losses from any high point for RRPIX and RYJUX.

Drawdown Indicators

	RRPIX	RYJUX	Difference
Max Drawdown Largest peak-to-trough decline	-89.37%	-85.46%	-3.91%
Max Drawdown (1Y) Largest decline over 1 year	-8.73%	-6.75%	-1.98%
Max Drawdown (3Y) Largest decline over 3 years	-20.95%	-16.72%	-4.23%
Max Drawdown (5Y) Largest decline over 5 years	-20.95%	-16.72%	-4.23%
Max Drawdown (10Y) Largest decline over 10 years	-52.24%	-42.57%	-9.67%
Current Drawdown Current decline from peak	-77.79%	-69.84%	-7.95%
Average Drawdown Average peak-to-trough decline	-60.51%	-50.87%	-9.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	2.95%	+1.12%

Volatility

RRPIX vs. RYJUX - Volatility Comparison

ProFunds Rising Rates Opportunity Fund (RRPIX) has a higher volatility of 2.75% compared to Rydex Inverse Government Long Bond Strategy Fund (RYJUX) at 2.14%. This indicates that RRPIX's price experiences larger fluctuations and is considered to be riskier than RYJUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RRPIX	RYJUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.75%	2.14%	+0.61%
Volatility (6M) Calculated over the trailing 6-month period	7.83%	6.27%	+1.56%
Volatility (1Y) Calculated over the trailing 1-year period	11.30%	9.15%	+2.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.14%	16.22%	+3.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.84%	15.97%	+3.87%

RRPIX vs. RYJUX - Expense Ratio Comparison

RRPIX has a 1.52% expense ratio, which is lower than RYJUX's 4.28% expense ratio.

Dividends

RRPIX vs. RYJUX - Dividend Comparison

RRPIX's dividend yield for the trailing twelve months is around 3.47%, less than RYJUX's 4.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
RRPIX ProFunds Rising Rates Opportunity Fund	3.47%	3.50%	0.00%	4.94%	0.00%	0.00%	0.00%	1.26%
RYJUX Rydex Inverse Government Long Bond Strategy Fund	4.38%	4.44%	7.75%	1.26%	0.00%	0.00%	0.37%	0.00%

Frequently Asked Questions

Can I hold both RRPIX and RYJUX in my portfolio?

With a correlation of 1.00, RRPIX and RYJUX 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.

Which is riskier, RRPIX or RYJUX?

RRPIX has higher volatility (2.75%) compared to RYJUX (2.14%). In terms of maximum drawdown, RRPIX dropped -89.37% vs RYJUX's -85.46%.

Which has better risk-adjusted returns?

RYJUX currently has the higher Sharpe Ratio (0.14 vs 0.02), 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.