RYCQX vs. BRPIX
RYCQX (Rydex Inverse Russell 2000 Strategy Fund) and BRPIX (ProFunds Bear Fund) are both Inverse Equities funds. Over the past 10 years, RYCQX returned -12.08%/yr vs -13.79%/yr for BRPIX. Their correlation of 0.85 means they have usually moved in the same direction. RYCQX charges 2.49%/yr vs 1.64%/yr for BRPIX.
Performance
RYCQX vs. BRPIX - Performance Comparison
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Returns By Period
In the year-to-date period, RYCQX achieves a -14.69% return, which is significantly lower than BRPIX's -6.47% return. Over the past 10 years, RYCQX has outperformed BRPIX with an annualized return of -12.08%, while BRPIX has yielded a comparatively lower -13.79% annualized return.
RYCQX
- 1D
- -1.34%
- 1M
- 2.10%
- 6M
- -10.56%
- YTD
- -14.69%
- 1Y
- -24.47%
- 3Y*
- -10.06%
- 5Y*
- -6.22%
- 10Y*
- -12.08%
- ALL TIME*
- -12.61%
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 |
RYCQX vs. BRPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYCQX Rydex Inverse Russell 2000 Strategy Fund | -14.69% | -9.40% | -6.15% | -10.73% | 16.50% | -18.59% | -31.59% | -20.84% | 10.41% | -14.20% |
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 RYCQX and BRPIX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | 0.85 |
The correlation between RYCQX and BRPIX has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.
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Return for Risk
RYCQX vs. BRPIX — Risk / Return Rank
RYCQX
BRPIX
RYCQX vs. BRPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse Russell 2000 Strategy Fund (RYCQX) 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.
| RYCQX | BRPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.86 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.71 | -0.11 |
| Martin ratioReturn relative to average drawdown | -1.35 | -1.26 | -0.09 |
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Drawdowns
RYCQX vs. BRPIX - Drawdown Comparison
The maximum RYCQX drawdown since its inception was -96.16%, roughly equal to the maximum BRPIX drawdown of -96.76%. Use the drawdown chart below to compare losses from any high point for RYCQX and BRPIX.
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Drawdown Indicators
| RYCQX | BRPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.16% | -96.76% | +0.60% |
Max Drawdown (1Y)Largest decline over 1 year | -26.78% | -16.15% | -10.63% |
Max Drawdown (3Y)Largest decline over 3 years | -42.85% | -44.49% | +1.64% |
Max Drawdown (5Y)Largest decline over 5 years | -42.88% | -50.06% | +7.18% |
Max Drawdown (10Y)Largest decline over 10 years | -74.27% | -78.55% | +4.28% |
Current DrawdownCurrent decline from peak | -96.04% | -96.28% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -70.71% | -62.30% | -8.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.46% | 9.18% | +7.28% |
Volatility
RYCQX vs. BRPIX - Volatility Comparison
Rydex Inverse Russell 2000 Strategy Fund (RYCQX) has a higher volatility of 3.79% compared to ProFunds Bear Fund (BRPIX) at 3.39%. This indicates that RYCQX'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
| RYCQX | BRPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 3.39% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 14.07% | 10.17% | +3.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.34% | 12.90% | +6.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.38% | 17.28% | +6.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.82% | 17.88% | +5.94% |
RYCQX vs. BRPIX - Expense Ratio Comparison
RYCQX has a 2.49% expense ratio, which is higher than BRPIX's 1.64% expense ratio.
Dividends
RYCQX vs. BRPIX - Dividend Comparison
RYCQX's dividend yield for the trailing twelve months is around 9.22%, more 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% |
RYCQX Rydex Inverse Russell 2000 Strategy Fund | 9.22% | 7.87% | 7.14% | 9.87% | 0.00% | 0.00% | 0.08% | 0.86% |
Frequently Asked Questions
RYCQX and BRPIX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYCQX has higher volatility (3.79%) compared to BRPIX (3.39%). In terms of maximum drawdown, RYCQX dropped -96.16% vs BRPIX's -96.76%.
BRPIX currently has the higher Sharpe Ratio (-0.90 vs -1.15), 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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