RYCQX vs. UVPIX
RYCQX (Rydex Inverse Russell 2000 Strategy Fund) and UVPIX (ProFunds Ultra Short Emerging Market Fund) are both Inverse Equities funds. Over the past 10 years, RYCQX returned -12.09%/yr vs -26.40%/yr for UVPIX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. RYCQX charges 2.49%/yr vs 1.78%/yr for UVPIX.
Performance
RYCQX vs. UVPIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with RYCQX having a -15.69% return and UVPIX slightly lower at -16.08%. Over the past 10 years, RYCQX has outperformed UVPIX with an annualized return of -12.09%, while UVPIX has yielded a comparatively lower -26.40% annualized return.
RYCQX
- 1D
- -1.70%
- 1M
- 0.90%
- 6M
- -10.47%
- YTD
- -15.69%
- 1Y
- -23.76%
- 3Y*
- -11.12%
- 5Y*
- -6.68%
- 10Y*
- -12.09%
- ALL TIME*
- -12.65%
UVPIX
- 1D
- -1.96%
- 1M
- -8.12%
- 6M
- -1.80%
- YTD
- -16.08%
- 1Y
- -36.67%
- 3Y*
- -30.87%
- 5Y*
- -20.84%
- 10Y*
- -26.40%
- ALL TIME*
- -13.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RYCQX vs. UVPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYCQX Rydex Inverse Russell 2000 Strategy Fund | -15.69% | -9.40% | -6.15% | -10.73% | 16.50% | -18.59% | -31.59% | -20.84% | 10.41% | -14.20% |
UVPIX ProFunds Ultra Short Emerging Market Fund | -16.08% | -49.90% | -17.67% | -27.06% | 1.35% | 15.70% | -57.91% | -39.81% | 20.65% | -48.37% |
Correlation
The correlation between RYCQX and UVPIX is 0.61, 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. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2006 | 0.67 |
The correlation between RYCQX and UVPIX has been stable across timeframes, ranging from 0.57 to 0.67 - a consistent structural relationship.
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Return for Risk
RYCQX vs. UVPIX — Risk / Return Rank
RYCQX
UVPIX
RYCQX vs. UVPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse Russell 2000 Strategy Fund (RYCQX) and ProFunds Ultra Short Emerging Market Fund (UVPIX). 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 | UVPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 0.87 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | -0.91 | -0.10 |
| Martin ratioReturn relative to average drawdown | -1.69 | -1.27 | -0.43 |
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Drawdowns
RYCQX vs. UVPIX - Drawdown Comparison
The maximum RYCQX drawdown since its inception was -96.16%, roughly equal to the maximum UVPIX drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for RYCQX and UVPIX.
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Drawdown Indicators
| RYCQX | UVPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.16% | -99.86% | +3.70% |
Max Drawdown (1Y)Largest decline over 1 year | -25.18% | -41.73% | +16.55% |
Max Drawdown (3Y)Largest decline over 3 years | -42.85% | -75.41% | +32.56% |
Max Drawdown (5Y)Largest decline over 5 years | -42.88% | -83.54% | +40.66% |
Max Drawdown (10Y)Largest decline over 10 years | -74.27% | -95.73% | +21.46% |
Current DrawdownCurrent decline from peak | -96.09% | -99.85% | +3.76% |
Average DrawdownAverage peak-to-trough decline | -70.72% | -89.55% | +18.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.60% | 30.61% | -14.01% |
Volatility
RYCQX vs. UVPIX - Volatility Comparison
The current volatility for Rydex Inverse Russell 2000 Strategy Fund (RYCQX) is 4.20%, while ProFunds Ultra Short Emerging Market Fund (UVPIX) has a volatility of 13.06%. This indicates that RYCQX experiences smaller price fluctuations and is considered to be less risky than UVPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYCQX | UVPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 13.06% | -8.86% |
Volatility (6M)Calculated over the trailing 6-month period | 14.08% | 35.45% | -21.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.29% | 44.43% | -25.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.40% | 48.08% | -24.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.83% | 46.55% | -22.72% |
RYCQX vs. UVPIX - Expense Ratio Comparison
RYCQX has a 2.49% expense ratio, which is higher than UVPIX's 1.78% expense ratio.
Dividends
RYCQX vs. UVPIX - Dividend Comparison
RYCQX's dividend yield for the trailing twelve months is around 9.33%, less than UVPIX's 10.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYCQX Rydex Inverse Russell 2000 Strategy Fund | 9.33% | 7.87% | 7.14% | 9.87% | 0.00% | 0.00% | 0.08% | 0.86% |
UVPIX ProFunds Ultra Short Emerging Market Fund | 10.71% | 8.99% | 0.00% | 7.25% | 0.00% | 0.00% | 0.00% | 0.49% |
Frequently Asked Questions
RYCQX and UVPIX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVPIX has higher volatility (13.06%) compared to RYCQX (4.20%). In terms of maximum drawdown, RYCQX dropped -96.16% vs UVPIX's -99.86%.
UVPIX currently has the higher Sharpe Ratio (-0.86 vs -1.32), 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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