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 -18.03%/yr vs -13.79%/yr for BRPIX. Their correlation of 0.87 means they have usually moved in the same direction. RYAIX charges 1.55%/yr vs 1.64%/yr for BRPIX.
Performance
RYAIX vs. BRPIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RYAIX achieves a -9.23% return, which is significantly lower than BRPIX's -6.47% return. Over the past 10 years, RYAIX has underperformed BRPIX with an annualized return of -18.03%, while BRPIX has yielded a comparatively higher -13.79% annualized return.
RYAIX
- 1D
- -3.29%
- 1M
- 5.63%
- 6M
- -8.48%
- YTD
- -9.23%
- 1Y
- -16.78%
- 3Y*
- -14.70%
- 5Y*
- -11.60%
- 10Y*
- -18.03%
- ALL TIME*
- -14.55%
BRPIX
- 1D
- -1.61%
- 1M
- 0.83%
- 6M
- -5.43%
- YTD
- -6.47%
- 1Y
- -13.31%
- 3Y*
- -13.67%
- 5Y*
- -10.10%
- 10Y*
- -13.79%
- ALL TIME*
- 0.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BRPIX ProFunds Bear Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
RYAIX vs. BRPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | -9.23% | -15.63% | -15.64% | -31.71% | 35.92% | -24.88% | -40.98% | -27.65% | -2.63% | -24.47% |
BRPIX ProFunds Bear Fund | -6.47% | -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, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.86 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | -0.71 | +0.14 |
| Martin ratioReturn relative to average drawdown | -1.12 | -1.26 | +0.13 |
Loading charts...
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.
Loading charts...
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 | -87.73% | -78.55% | -9.18% |
Current DrawdownCurrent decline from peak | -98.82% | -96.28% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -73.43% | -62.30% | -11.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.97% | 9.18% | +3.79% |
Volatility
RYAIX vs. BRPIX - Volatility Comparison
Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) has a higher volatility of 7.09% compared to ProFunds Bear Fund (BRPIX) at 3.39%. 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.
Loading charts...
Volatility by Period
| RYAIX | BRPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 3.39% | +3.70% |
Volatility (6M)Calculated over the trailing 6-month period | 16.22% | 10.17% | +6.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.55% | 12.90% | +6.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.36% | 17.28% | +6.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.86% | 17.88% | +4.98% |
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 2.46%, less than BRPIX's 4.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BRPIX ProFunds Bear Fund | 4.65% | 4.35% | 0.00% | 5.58% | 0.00% | 0.00% | 0.06% | 0.27% |
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | 2.46% | 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 (7.09%) compared to BRPIX (3.39%). In terms of maximum drawdown, RYAIX dropped -98.93% vs BRPIX's -96.76%.
RYAIX currently has the higher Sharpe Ratio (-0.75 vs -0.90), 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.
Find the right allocation for RYAIX and BRPIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer