RYAIX vs. OTPIX
RYAIX (Rydex Inverse NASDAQ-100 Strategy Fund) and OTPIX (ProFunds NASDAQ-100 Fund) are both mutual funds - RYAIX is a Inverse Equities fund managed by Rydex Funds, while OTPIX is a Large Cap Growth Equities fund managed by ProFunds. Over the past 10 years, RYAIX returned -19.45%/yr vs 5.98%/yr for OTPIX. At a correlation of -0.99, they often move in opposite directions. RYAIX charges 1.55%/yr vs 1.48%/yr for OTPIX.
Performance
RYAIX vs. OTPIX - Performance Comparison
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Returns By Period
In the year-to-date period, RYAIX achieves a -17.13% return, which is significantly lower than OTPIX's 19.66% return. Over the past 10 years, RYAIX has underperformed OTPIX with an annualized return of -19.45%, while OTPIX has yielded a comparatively higher 5.98% annualized return.
RYAIX
- 1D
- -2.40%
- 1M
- -3.32%
- YTD
- -17.13%
- 6M
- -16.30%
- 1Y
- -27.22%
- 3Y*
- -18.23%
- 5Y*
- -14.33%
- 10Y*
- -19.45%
OTPIX
- 1D
- 2.47%
- 1M
- 3.01%
- YTD
- 19.66%
- 6M
- 18.61%
- 1Y
- 38.79%
- 3Y*
- -21.59%
- 5Y*
- -9.83%
- 10Y*
- 5.98%
RYAIX vs. OTPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | -17.13% | -15.63% | -15.64% | -31.71% | 35.92% | -24.88% | -40.98% | -27.65% | -2.63% | -24.47% |
OTPIX ProFunds NASDAQ-100 Fund | 19.66% | 18.08% | -69.20% | 51.66% | -34.36% | 48.75% | 45.00% | 36.58% | -1.75% | 29.45% |
Correlation
The correlation between RYAIX and OTPIX is -1.00, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| 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 Aug 7, 2000 | -0.99 |
The correlation between RYAIX and OTPIX has been stable across timeframes, ranging from -1.00 to -0.98 - a consistent structural relationship.
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Return for Risk
RYAIX vs. OTPIX — Risk / Return Rank
RYAIX
OTPIX
RYAIX vs. OTPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) and ProFunds NASDAQ-100 Fund (OTPIX). 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 | OTPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.69 | ||
| Sortino ratioReturn per unit of downside risk | -5.12 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.38 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 3.06 | -4.04 |
| Martin ratioReturn relative to average drawdown | -1.98 | 11.21 | -13.19 |
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Drawdowns
RYAIX vs. OTPIX - Drawdown Comparison
The maximum RYAIX drawdown since its inception was -98.93%, which is greater than OTPIX's maximum drawdown of -79.55%. Use the drawdown chart below to compare losses from any high point for RYAIX and OTPIX.
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Drawdown Indicators
| RYAIX | OTPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.93% | -79.55% | -19.38% |
Max Drawdown (1Y)Largest decline over 1 year | -26.80% | -12.53% | -14.27% |
Max Drawdown (3Y)Largest decline over 3 years | -50.13% | -79.55% | +29.42% |
Max Drawdown (5Y)Largest decline over 5 years | -61.15% | -79.55% | +18.40% |
Max Drawdown (10Y)Largest decline over 10 years | -89.04% | -79.55% | -9.49% |
Current DrawdownCurrent decline from peak | -98.92% | -64.34% | -34.58% |
Average DrawdownAverage peak-to-trough decline | -73.33% | -22.87% | -50.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.57% | 3.42% | +10.15% |
Volatility
RYAIX vs. OTPIX - Volatility Comparison
Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) and ProFunds NASDAQ-100 Fund (OTPIX) have volatilities of 8.41% and 8.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYAIX | OTPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.41% | 8.44% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 14.45% | 14.32% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.78% | 17.67% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.09% | 41.88% | -18.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.78% | 33.29% | -10.51% |
RYAIX vs. OTPIX - Expense Ratio Comparison
RYAIX has a 1.55% expense ratio, which is higher than OTPIX's 1.48% expense ratio.
Dividends
RYAIX vs. OTPIX - Dividend Comparison
RYAIX's dividend yield for the trailing twelve months is around 2.69%, more than OTPIX's 1.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
OTPIX ProFunds NASDAQ-100 Fund | 1.44% | 1.72% | 0.76% | 0.00% | 0.00% | 18.31% | 1.10% | 0.87% |
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | 2.69% | 2.23% | 5.67% | 4.81% | 0.00% | 0.00% | 0.09% | 0.72% |
Frequently Asked Questions
RYAIX and OTPIX have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OTPIX has higher volatility (8.44%) compared to RYAIX (8.41%). In terms of maximum drawdown, RYAIX dropped -98.93% vs OTPIX's -79.55%.
OTPIX currently has the higher Sharpe Ratio (2.17 vs -1.52), 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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