RYCZX vs. UCPIX
RYCZX (Rydex Inverse Dow 2x Strategy Fund) and UCPIX (ProFunds UltraShort Small Cap Fund) are both Inverse Equities funds. Over the past 10 years, RYCZX returned -25.60%/yr vs -8.89%/yr for UCPIX. Their correlation of 0.80 means they have usually moved in the same direction. RYCZX charges 2.70%/yr vs 1.78%/yr for UCPIX.
Performance
RYCZX vs. UCPIX - Performance Comparison
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Returns By Period
In the year-to-date period, RYCZX achieves a -15.64% return, which is significantly higher than UCPIX's -30.70% return. Over the past 10 years, RYCZX has underperformed UCPIX with an annualized return of -25.60%, while UCPIX has yielded a comparatively higher -8.89% 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%
UCPIX
- 1D
- -2.74%
- 1M
- 3.70%
- 6M
- -23.15%
- YTD
- -30.70%
- 1Y
- -47.89%
- 3Y*
- 58.79%
- 5Y*
- 29.06%
- 10Y*
- -8.89%
- ALL TIME*
- -20.06%
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. UCPIX - 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% |
UCPIX ProFunds UltraShort Small Cap Fund | -30.70% | -25.76% | 707.30% | -26.54% | 28.08% | -36.02% | -60.58% | -38.99% | 17.86% | -27.19% |
Correlation
The correlation between RYCZX and UCPIX 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 UCPIX 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. UCPIX — Risk / Return Rank
RYCZX
UCPIX
RYCZX vs. UCPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse Dow 2x Strategy Fund (RYCZX) and ProFunds UltraShort Small Cap Fund (UCPIX). 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 | UCPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.81 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.89 | +0.05 |
| Martin ratioReturn relative to average drawdown | -1.42 | -1.35 | -0.07 |
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Drawdowns
RYCZX vs. UCPIX - Drawdown Comparison
The maximum RYCZX drawdown since its inception was -99.80%, roughly equal to the maximum UCPIX drawdown of -99.90%. Use the drawdown chart below to compare losses from any high point for RYCZX and UCPIX.
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Drawdown Indicators
| RYCZX | UCPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.80% | -99.90% | +0.10% |
Max Drawdown (1Y)Largest decline over 1 year | -32.00% | -50.68% | +18.68% |
Max Drawdown (3Y)Largest decline over 3 years | -60.61% | -68.91% | +8.30% |
Max Drawdown (5Y)Largest decline over 5 years | -68.62% | -68.91% | +0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -95.14% | -92.98% | -2.16% |
Current DrawdownCurrent decline from peak | -99.79% | -99.46% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -78.99% | -84.07% | +5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.84% | 33.06% | -14.22% |
Volatility
RYCZX vs. UCPIX - Volatility Comparison
Rydex Inverse Dow 2x Strategy Fund (RYCZX) and ProFunds UltraShort Small Cap Fund (UCPIX) have volatilities of 7.38% and 7.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYCZX | UCPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 7.68% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 19.78% | 28.39% | -8.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.10% | 38.81% | -13.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.66% | 400.22% | -370.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.21% | 284.69% | -249.48% |
RYCZX vs. UCPIX - Expense Ratio Comparison
RYCZX has a 2.70% expense ratio, which is higher than UCPIX's 1.78% expense ratio.
Dividends
RYCZX vs. UCPIX - Dividend Comparison
RYCZX's dividend yield for the trailing twelve months is around 6.97%, more than UCPIX's 6.66% 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% |
UCPIX ProFunds UltraShort Small Cap Fund | 6.66% | 4.61% | 4.24% | 4.77% | 0.00% | 0.00% | 0.00% | 0.30% |
Frequently Asked Questions
RYCZX and UCPIX 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.
UCPIX has higher volatility (7.68%) compared to RYCZX (7.38%). In terms of maximum drawdown, RYCZX dropped -99.80% vs UCPIX's -99.90%.
RYCZX currently has the higher Sharpe Ratio (-1.07 vs -1.16), 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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