RYCZX vs. SHPIX
RYCZX (Rydex Inverse Dow 2x Strategy Fund) and SHPIX (ProFunds Short Small Cap ProFund) are both Inverse Equities funds. Over the past 10 years, RYCZX returned -25.60%/yr vs 9.98%/yr for SHPIX. Their correlation of 0.80 means they have usually moved in the same direction. RYCZX charges 2.70%/yr vs 1.78%/yr for SHPIX.
Performance
RYCZX vs. SHPIX - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with RYCZX at -15.64% and SHPIX at -15.64%. Over the past 10 years, RYCZX has underperformed SHPIX with an annualized return of -25.60%, while SHPIX has yielded a comparatively higher 9.98% annualized return.
RYCZX
- 1D
- -2.34%
- 1M
- 2.78%
- 6M
- -12.90%
- YTD
- -15.64%
- 1Y
- -29.67%
- 3Y*
- -20.73%
- 5Y*
- -16.29%
- 10Y*
- -25.60%
- ALL TIME*
- -23.06%
SHPIX
- 1D
- -1.37%
- 1M
- 1.92%
- 6M
- -11.34%
- YTD
- -15.64%
- 1Y
- -25.87%
- 3Y*
- 11.75%
- 5Y*
- 47.30%
- 10Y*
- 9.98%
- ALL TIME*
- -5.32%
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 |
RYCZX vs. SHPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYCZX Rydex Inverse Dow 2x Strategy Fund | -15.64% | -22.14% | -16.97% | -19.05% | 5.48% | -36.32% | -45.37% | -36.65% | 0.75% | -39.59% |
SHPIX ProFunds Short Small Cap ProFund | -15.64% | -9.61% | 83.27% | 344.97% | 16.39% | -19.78% | -31.60% | -20.89% | 9.96% | -14.49% |
Correlation
The correlation between RYCZX and SHPIX is 0.76, 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. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | 0.80 |
The correlation between RYCZX and SHPIX has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.
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Return for Risk
RYCZX vs. SHPIX — Risk / Return Rank
RYCZX
SHPIX
RYCZX vs. SHPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse Dow 2x Strategy Fund (RYCZX) and ProFunds Short Small Cap ProFund (SHPIX). 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.
| RYCZX | SHPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.81 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.85 | +0.01 |
| Martin ratioReturn relative to average drawdown | -1.42 | -1.36 | -0.06 |
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Drawdowns
RYCZX vs. SHPIX - Drawdown Comparison
The maximum RYCZX drawdown since its inception was -99.80%, roughly equal to the maximum SHPIX drawdown of -96.86%. Use the drawdown chart below to compare losses from any high point for RYCZX and SHPIX.
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Drawdown Indicators
| RYCZX | SHPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.80% | -96.86% | -2.94% |
Max Drawdown (1Y)Largest decline over 1 year | -32.00% | -27.97% | -4.03% |
Max Drawdown (3Y)Largest decline over 3 years | -60.61% | -41.50% | -19.11% |
Max Drawdown (5Y)Largest decline over 5 years | -68.62% | -41.50% | -27.12% |
Max Drawdown (10Y)Largest decline over 10 years | -95.14% | -68.01% | -27.13% |
Current DrawdownCurrent decline from peak | -99.79% | -75.54% | -24.25% |
Average DrawdownAverage peak-to-trough decline | -78.99% | -74.99% | -4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.84% | 17.35% | +1.49% |
Volatility
RYCZX vs. SHPIX - Volatility Comparison
Rydex Inverse Dow 2x Strategy Fund (RYCZX) has a higher volatility of 7.38% compared to ProFunds Short Small Cap ProFund (SHPIX) at 3.81%. This indicates that RYCZX's price experiences larger fluctuations and is considered to be riskier than SHPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYCZX | SHPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 3.81% | +3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 19.78% | 14.14% | +5.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.10% | 19.37% | +5.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.66% | 189.00% | -159.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.21% | 134.62% | -99.41% |
RYCZX vs. SHPIX - Expense Ratio Comparison
RYCZX has a 2.70% expense ratio, which is higher than SHPIX's 1.78% expense ratio.
Dividends
RYCZX vs. SHPIX - Dividend Comparison
RYCZX's dividend yield for the trailing twelve months is around 6.97%, less than SHPIX's 32.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYCZX Rydex Inverse Dow 2x Strategy Fund | 6.97% | 5.88% | 4.32% | 1.00% | 0.00% | 0.00% | 0.05% | 0.24% |
SHPIX ProFunds Short Small Cap ProFund | 32.81% | 5.70% | 0.00% | 17.01% | 0.00% | 0.00% | 0.00% | 0.85% |
Frequently Asked Questions
RYCZX and SHPIX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYCZX has higher volatility (7.38%) compared to SHPIX (3.81%). In terms of maximum drawdown, RYCZX dropped -99.80% vs SHPIX's -96.86%.
RYCZX currently has the higher Sharpe Ratio (-1.07 vs -1.23), 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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