RYCQX vs. UXPIX
RYCQX (Rydex Inverse Russell 2000 Strategy Fund) and UXPIX (ProFunds Ultra Short International Fund) are both Inverse Equities funds. Over the past 10 years, RYCQX returned -12.09%/yr vs -20.30%/yr for UXPIX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. RYCQX charges 2.49%/yr vs 1.78%/yr for UXPIX.
Performance
RYCQX vs. UXPIX - Performance Comparison
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Returns By Period
In the year-to-date period, RYCQX achieves a -15.69% return, which is significantly higher than UXPIX's -21.37% return. Over the past 10 years, RYCQX has outperformed UXPIX with an annualized return of -12.09%, while UXPIX has yielded a comparatively lower -20.30% 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%
UXPIX
- 1D
- -0.95%
- 1M
- -2.79%
- 6M
- -12.47%
- YTD
- -21.37%
- 1Y
- -33.94%
- 3Y*
- -24.66%
- 5Y*
- -16.40%
- 10Y*
- -20.30%
- ALL TIME*
- -11.93%
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. UXPIX - 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% |
UXPIX ProFunds Ultra Short International Fund | -21.37% | -40.68% | -0.70% | -23.81% | 19.33% | -25.44% | -36.55% | -33.25% | 29.63% | -37.30% |
Correlation
The correlation between RYCQX and UXPIX is 0.71, 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. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2006 | 0.74 |
The correlation between RYCQX and UXPIX has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.
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Return for Risk
RYCQX vs. UXPIX — Risk / Return Rank
RYCQX
UXPIX
RYCQX vs. UXPIX - 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 International Fund (UXPIX). 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 | UXPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 0.82 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | -1.05 | +0.04 |
| Martin ratioReturn relative to average drawdown | -1.69 | -1.67 | -0.02 |
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Drawdowns
RYCQX vs. UXPIX - Drawdown Comparison
The maximum RYCQX drawdown since its inception was -96.16%, roughly equal to the maximum UXPIX drawdown of -99.50%. Use the drawdown chart below to compare losses from any high point for RYCQX and UXPIX.
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Drawdown Indicators
| RYCQX | UXPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.16% | -99.50% | +3.34% |
Max Drawdown (1Y)Largest decline over 1 year | -25.18% | -34.30% | +9.12% |
Max Drawdown (3Y)Largest decline over 3 years | -42.85% | -65.28% | +22.43% |
Max Drawdown (5Y)Largest decline over 5 years | -42.88% | -75.70% | +32.82% |
Max Drawdown (10Y)Largest decline over 10 years | -74.27% | -90.09% | +15.82% |
Current DrawdownCurrent decline from peak | -96.09% | -99.50% | +3.41% |
Average DrawdownAverage peak-to-trough decline | -70.72% | -82.62% | +11.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.60% | 23.28% | -6.68% |
Volatility
RYCQX vs. UXPIX - Volatility Comparison
The current volatility for Rydex Inverse Russell 2000 Strategy Fund (RYCQX) is 4.20%, while ProFunds Ultra Short International Fund (UXPIX) has a volatility of 9.46%. This indicates that RYCQX experiences smaller price fluctuations and is considered to be less risky than UXPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYCQX | UXPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 9.46% | -5.26% |
Volatility (6M)Calculated over the trailing 6-month period | 14.08% | 28.11% | -14.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.29% | 32.24% | -12.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.40% | 33.95% | -10.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.83% | 35.01% | -11.18% |
RYCQX vs. UXPIX - Expense Ratio Comparison
RYCQX has a 2.49% expense ratio, which is higher than UXPIX's 1.78% expense ratio.
Dividends
RYCQX vs. UXPIX - Dividend Comparison
RYCQX's dividend yield for the trailing twelve months is around 9.33%, more than UXPIX's 4.20% 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% |
UXPIX ProFunds Ultra Short International Fund | 4.20% | 3.30% | 0.00% | 3.97% | 0.00% | 0.00% | 0.00% | 0.90% |
Frequently Asked Questions
RYCQX and UXPIX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UXPIX has higher volatility (9.46%) compared to RYCQX (4.20%). In terms of maximum drawdown, RYCQX dropped -96.16% vs UXPIX's -99.50%.
UXPIX currently has the higher Sharpe Ratio (-1.11 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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