RYAIX vs. BRPIX
RYAIX (Rydex Inverse NASDAQ-100 Strategy Fund) and BRPIX (ProFunds Bear Fund) are both Inverse Equities funds. Over the past 10 years, RYAIX returned -18.93%/yr vs -14.06%/yr for BRPIX. Their correlation of 0.87 suggests significant overlap in exposure. RYAIX charges 1.55%/yr vs 1.64%/yr for BRPIX.
Performance
RYAIX vs. BRPIX - Performance Comparison
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Returns By Period
In the year-to-date period, RYAIX achieves a -15.47% return, which is significantly lower than BRPIX's -8.33% return. Over the past 10 years, RYAIX has underperformed BRPIX with an annualized return of -18.93%, while BRPIX has yielded a comparatively higher -14.06% annualized return.
RYAIX
- 1D
- -0.28%
- 1M
- -0.68%
- 6M
- -13.81%
- YTD
- -15.47%
- 1Y
- -22.08%
- 3Y*
- -17.73%
- 5Y*
- -13.04%
- 10Y*
- -18.93%
BRPIX
- 1D
- -0.48%
- 1M
- -1.65%
- 6M
- -6.70%
- YTD
- -8.33%
- 1Y
- -14.45%
- 3Y*
- -15.07%
- 5Y*
- -10.61%
- 10Y*
- -14.06%
RYAIX vs. BRPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | -15.47% | -15.63% | -15.64% | -31.71% | 35.92% | -24.88% | -40.98% | -27.65% | -2.63% | -24.47% |
BRPIX ProFunds Bear Fund | -8.33% | -12.27% | -20.40% | -15.39% | 17.31% | -24.68% | -25.63% | -23.18% | 4.03% | -18.03% |
Correlation
The correlation between RYAIX and BRPIX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1999 | 0.87 |
The correlation between RYAIX and BRPIX has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.
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Return for Risk
RYAIX vs. BRPIX — Risk / Return Rank
RYAIX
BRPIX
RYAIX vs. BRPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) and ProFunds Bear Fund (BRPIX). 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.
| RYAIX | BRPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.82 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.88 | +0.02 |
| Martin ratioReturn relative to average drawdown | -1.81 | -1.65 | -0.15 |
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Drawdowns
RYAIX vs. BRPIX - Drawdown Comparison
The maximum RYAIX drawdown since its inception was -98.93%, roughly equal to the maximum BRPIX drawdown of -96.76%. Use the drawdown chart below to compare losses from any high point for RYAIX and BRPIX.
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Drawdown Indicators
| RYAIX | BRPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.93% | -96.76% | -2.17% |
Max Drawdown (1Y)Largest decline over 1 year | -25.47% | -16.15% | -9.32% |
Max Drawdown (3Y)Largest decline over 3 years | -50.13% | -44.49% | -5.64% |
Max Drawdown (5Y)Largest decline over 5 years | -61.15% | -50.06% | -11.09% |
Max Drawdown (10Y)Largest decline over 10 years | -88.00% | -78.55% | -9.45% |
Current DrawdownCurrent decline from peak | -98.90% | -96.35% | -2.55% |
Average DrawdownAverage peak-to-trough decline | -73.38% | -62.24% | -11.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.12% | 8.55% | +3.57% |
Volatility
RYAIX vs. BRPIX - Volatility Comparison
Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) has a higher volatility of 8.50% compared to ProFunds Bear Fund (BRPIX) at 4.22%. This indicates that RYAIX's price experiences larger fluctuations and is considered to be riskier than BRPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYAIX | BRPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.50% | 4.22% | +4.28% |
Volatility (6M)Calculated over the trailing 6-month period | 15.27% | 10.04% | +5.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.53% | 12.57% | +5.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.22% | 17.27% | +5.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.78% | 17.86% | +4.92% |
RYAIX vs. BRPIX - Expense Ratio Comparison
RYAIX has a 1.55% expense ratio, which is lower than BRPIX's 1.64% expense ratio.
Dividends
RYAIX vs. BRPIX - Dividend Comparison
RYAIX's dividend yield for the trailing twelve months is around 2.64%, less than BRPIX's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BRPIX ProFunds Bear Fund | 4.74% | 4.35% | 0.00% | 5.58% | 0.00% | 0.00% | 0.06% | 0.27% |
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | 2.64% | 2.23% | 5.67% | 4.81% | 0.00% | 0.00% | 0.09% | 0.72% |
Frequently Asked Questions
With a correlation of 0.93, RYAIX and BRPIX 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.
RYAIX has higher volatility (8.50%) compared to BRPIX (4.22%). In terms of maximum drawdown, RYAIX dropped -98.93% vs BRPIX's -96.76%.
BRPIX currently has the higher Sharpe Ratio (-1.13 vs -1.18), 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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