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 -19.63%/yr vs -14.45%/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 -16.95% return, which is significantly lower than BRPIX's -7.24% return. Over the past 10 years, RYAIX has underperformed BRPIX with an annualized return of -19.63%, while BRPIX has yielded a comparatively higher -14.45% annualized return.
RYAIX
- 1D
- 0.21%
- 1M
- -3.12%
- YTD
- -16.95%
- 6M
- -15.72%
- 1Y
- -26.31%
- 3Y*
- -18.55%
- 5Y*
- -14.02%
- 10Y*
- -19.63%
BRPIX
- 1D
- 0.48%
- 1M
- 0.12%
- YTD
- -7.24%
- 6M
- -6.30%
- 1Y
- -16.38%
- 3Y*
- -15.22%
- 5Y*
- -10.96%
- 10Y*
- -14.45%
RYAIX vs. BRPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | -16.95% | -15.63% | -15.64% | -31.71% | 35.92% | -24.88% | -40.98% | -27.65% | -2.63% | -24.47% |
BRPIX ProFunds Bear Fund | -7.24% | -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 | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 0.78 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | -0.96 | -0.05 |
| Martin ratioReturn relative to average drawdown | -2.10 | -1.73 | -0.37 |
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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 | -25.69% | -17.00% | -8.69% |
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 | -89.04% | -79.74% | -9.30% |
Current DrawdownCurrent decline from peak | -98.92% | -96.31% | -2.61% |
Average DrawdownAverage peak-to-trough decline | -73.33% | -62.18% | -11.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.68% | 10.71% | +2.97% |
Volatility
RYAIX vs. BRPIX - Volatility Comparison
Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) has a higher volatility of 8.29% compared to ProFunds Bear Fund (BRPIX) at 4.62%. 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 | 8.29% | 4.62% | +3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 14.30% | 9.94% | +4.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.81% | 12.56% | +5.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.10% | 17.26% | +5.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.79% | 17.93% | +4.86% |
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 2.68%, less than BRPIX's 4.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BRPIX ProFunds Bear Fund | 4.68% | 4.35% | 0.00% | 5.58% | 0.00% | 0.00% | 0.06% | 0.27% |
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | 2.68% | 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 (8.29%) compared to BRPIX (4.62%). In terms of maximum drawdown, RYAIX dropped -98.93% vs BRPIX's -96.76%.
BRPIX currently has the higher Sharpe Ratio (-1.37 vs -1.53), 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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