RYAIX vs. URPIX
RYAIX (Rydex Inverse NASDAQ-100 Strategy Fund) and URPIX (ProFunds UltraBear Fund) are both Inverse Equities funds. Over the past 10 years, RYAIX returned -18.82%/yr vs -28.24%/yr for URPIX. Their correlation of 0.87 suggests significant overlap in exposure. RYAIX charges 1.55%/yr vs 1.78%/yr for URPIX.
Performance
RYAIX vs. URPIX - Performance Comparison
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Returns By Period
In the year-to-date period, RYAIX achieves a -14.53% return, which is significantly higher than URPIX's -17.39% return. Over the past 10 years, RYAIX has outperformed URPIX with an annualized return of -18.82%, while URPIX has yielded a comparatively lower -28.24% annualized return.
RYAIX
- 1D
- 0.30%
- 1M
- 1.66%
- 6M
- -13.69%
- YTD
- -14.53%
- 1Y
- -20.79%
- 3Y*
- -16.65%
- 5Y*
- -13.01%
- 10Y*
- -18.82%
URPIX
- 1D
- -0.83%
- 1M
- -1.16%
- 6M
- -15.14%
- YTD
- -17.39%
- 1Y
- -29.15%
- 3Y*
- -28.00%
- 5Y*
- -22.33%
- 10Y*
- -28.24%
RYAIX vs. URPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | -14.53% | -15.63% | -15.64% | -31.71% | 35.92% | -24.88% | -40.98% | -27.65% | -2.63% | -24.47% |
URPIX ProFunds UltraBear Fund | -17.39% | -27.06% | -32.89% | -31.77% | 29.74% | -43.61% | -51.10% | -42.03% | 4.20% | -32.58% |
Correlation
The correlation between RYAIX and URPIX 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 URPIX 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. URPIX — Risk / Return Rank
RYAIX
URPIX
RYAIX vs. URPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) and ProFunds UltraBear Fund (URPIX). 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 | URPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.81 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.96 | +0.14 |
| Martin ratioReturn relative to average drawdown | -1.69 | -1.71 | +0.02 |
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Drawdowns
RYAIX vs. URPIX - Drawdown Comparison
The maximum RYAIX drawdown since its inception was -98.93%, roughly equal to the maximum URPIX drawdown of -99.92%. Use the drawdown chart below to compare losses from any high point for RYAIX and URPIX.
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Drawdown Indicators
| RYAIX | URPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.93% | -99.92% | +0.99% |
Max Drawdown (1Y)Largest decline over 1 year | -25.47% | -30.79% | +5.32% |
Max Drawdown (3Y)Largest decline over 3 years | -50.13% | -69.89% | +19.76% |
Max Drawdown (5Y)Largest decline over 5 years | -61.15% | -76.97% | +15.82% |
Max Drawdown (10Y)Largest decline over 10 years | -87.96% | -96.59% | +8.63% |
Current DrawdownCurrent decline from peak | -98.89% | -99.92% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -73.39% | -79.14% | +5.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.37% | 17.28% | -4.91% |
Volatility
RYAIX vs. URPIX - Volatility Comparison
Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) has a higher volatility of 7.84% compared to ProFunds UltraBear Fund (URPIX) at 7.32%. This indicates that RYAIX's price experiences larger fluctuations and is considered to be riskier than URPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYAIX | URPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.84% | 7.32% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 15.39% | 20.10% | -4.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.66% | 25.17% | -6.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.24% | 34.05% | -10.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.80% | 35.59% | -12.79% |
RYAIX vs. URPIX - Expense Ratio Comparison
RYAIX has a 1.55% expense ratio, which is lower than URPIX's 1.78% expense ratio.
Dividends
RYAIX vs. URPIX - Dividend Comparison
RYAIX's dividend yield for the trailing twelve months is around 2.61%, less than URPIX's 3.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | 2.61% | 2.23% | 5.67% | 4.81% | 0.00% | 0.00% | 0.09% | 0.72% |
URPIX ProFunds UltraBear Fund | 3.30% | 2.73% | 0.00% | 3.02% | 0.00% | 0.00% | 0.47% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, RYAIX and URPIX 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 (7.84%) compared to URPIX (7.32%). In terms of maximum drawdown, RYAIX dropped -98.93% vs URPIX's -99.92%.
RYAIX currently has the higher Sharpe Ratio (-1.12 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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