RYEUX vs. UUPIX

Last updated Jun 4, 2026

RYEUX (Rydex Europe 1.25x Strategy Fund) and UUPIX (ProFunds UltraEmerging Markets Fund) are both Leveraged Equities funds. Over the past 10 years, RYEUX returned 8.19%/yr vs 10.62%/yr for UUPIX. A 0.72 correlation means they provide meaningful diversification when combined. RYEUX charges 1.69%/yr vs 1.92%/yr for UUPIX.

Performance

RYEUX vs. UUPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Europe 1.25x Strategy Fund (RYEUX) and ProFunds UltraEmerging Markets Fund (UUPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYEUX achieves a 6.21% return, which is significantly lower than UUPIX's 11.28% return. Over the past 10 years, RYEUX has underperformed UUPIX with an annualized return of 8.19%, while UUPIX has yielded a comparatively higher 10.62% annualized return.

RYEUX

• 1D: 0.55%
• 1M: 4.52%
• YTD: 6.21%
• 6M: 8.69%
• 1Y: 19.06%
• 3Y*: 13.17%
• 5Y*: 8.13%
• 10Y*: 8.19%

UUPIX

• 1D: 3.53%
• 1M: 3.03%
• YTD: 11.28%
• 6M: 8.43%
• 1Y: 58.83%
• 3Y*: 32.11%
• 5Y*: 0.17%
• 10Y*: 10.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RYEUX vs. UUPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYEUX Rydex Europe 1.25x Strategy Fund	6.21%	32.95%	-2.61%	19.53%	-12.87%	18.73%	0.35%	29.80%	-18.72%	28.14%
UUPIX ProFunds UltraEmerging Markets Fund	11.28%	70.53%	6.99%	22.60%	-37.35%	-36.21%	43.24%	46.76%	-31.83%	75.03%

Correlation

The correlation between RYEUX and UUPIX is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Apr 20, 2006	0.72

The correlation between RYEUX and UUPIX shifts across timeframes, from 0.57 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RYEUX vs. UUPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RYEUX

RYEUX Risk / Return Rank: 13
RYEUX Sharpe Ratio Rank: 12
RYEUX Sortino Ratio Rank: 12
RYEUX Omega Ratio Rank: 12
RYEUX Calmar Ratio Rank: 13
RYEUX Martin Ratio Rank: 14

UUPIX

UUPIX Risk / Return Rank: 25
UUPIX Sharpe Ratio Rank: 26
UUPIX Sortino Ratio Rank: 24
UUPIX Omega Ratio Rank: 24
UUPIX Calmar Ratio Rank: 29
UUPIX Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RYEUX vs. UUPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Europe 1.25x Strategy Fund (RYEUX) and ProFunds UltraEmerging Markets Fund (UUPIX). 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.

	RYEUX	UUPIX	Difference
Sharpe ratio: Return per unit of total volatility	0.93	1.46	-0.53
Sortino ratio: Return per unit of downside risk	1.41	2.05	-0.65
Omega ratio: Gain probability vs. loss probability	1.17	1.26	-0.09
Calmar ratio: Return relative to maximum drawdown	1.20	2.02	-0.82
Martin ratio: Return relative to average drawdown	4.05	5.83	-1.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYEUX vs. UUPIX - Sharpe Ratio Comparison

The current RYEUX Sharpe Ratio is 0.93, which is lower than the UUPIX Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of RYEUX and UUPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RYEUX	UUPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	1.46	-0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.00	+0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	0.23	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.06	-0.01

Drawdowns

RYEUX vs. UUPIX - Drawdown Comparison

The maximum RYEUX drawdown since its inception was -76.19%, smaller than the maximum UUPIX drawdown of -93.82%. Use the drawdown chart below to compare losses from any high point for RYEUX and UUPIX.

Drawdown Indicators

	RYEUX	UUPIX	Difference
Max Drawdown Largest peak-to-trough decline	-76.19%	-93.82%	+17.63%
Max Drawdown (1Y) Largest decline over 1 year	-15.24%	-29.91%	+14.67%
Max Drawdown (3Y) Largest decline over 3 years	-18.54%	-37.01%	+18.47%
Max Drawdown (5Y) Largest decline over 5 years	-33.39%	-71.31%	+37.92%
Max Drawdown (10Y) Largest decline over 10 years	-42.08%	-78.32%	+36.24%
Current Drawdown Current decline from peak	-4.02%	-72.29%	+68.27%
Average Drawdown Average peak-to-trough decline	-37.33%	-75.94%	+38.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.50%	10.33%	-5.83%

Volatility

RYEUX vs. UUPIX - Volatility Comparison

The current volatility for Rydex Europe 1.25x Strategy Fund (RYEUX) is 7.42%, while ProFunds UltraEmerging Markets Fund (UUPIX) has a volatility of 13.29%. This indicates that RYEUX experiences smaller price fluctuations and is considered to be less risky than UUPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYEUX	UUPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.42%	13.29%	-5.87%
Volatility (6M) Calculated over the trailing 6-month period	16.30%	32.50%	-16.20%
Volatility (1Y) Calculated over the trailing 1-year period	19.59%	41.33%	-21.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.03%	48.00%	-26.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.59%	46.43%	-23.84%

RYEUX vs. UUPIX - Expense Ratio Comparison

RYEUX has a 1.69% expense ratio, which is lower than UUPIX's 1.92% expense ratio.

Dividends

RYEUX vs. UUPIX - Dividend Comparison

RYEUX's dividend yield for the trailing twelve months is around 5.61%, more than UUPIX's 2.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYEUX Rydex Europe 1.25x Strategy Fund	5.61%	5.95%	12.32%	0.67%	0.00%	0.00%	5.03%	0.46%	8.58%	0.25%	0.91%	0.15%
UUPIX ProFunds UltraEmerging Markets Fund	2.29%	2.54%	1.65%	1.77%	1.05%	0.00%	0.00%	0.00%	0.64%	0.16%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RYEUX and UUPIX in my portfolio?

RYEUX and UUPIX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYEUX or UUPIX?

UUPIX has higher volatility (13.29%) compared to RYEUX (7.42%). In terms of maximum drawdown, RYEUX dropped -76.19% vs UUPIX's -93.82%.

Which has better risk-adjusted returns?

UUPIX currently has the higher Sharpe Ratio (1.46 vs 0.93), 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.