RYILX vs. FNPIX
RYILX (Rydex Inverse High Yield Strategy Fund) and FNPIX (ProFunds Financials UltraSector Fund) are both mutual funds - RYILX is a Inverse Bonds fund managed by Rydex Funds, while FNPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, RYILX returned -2.97%/yr vs 15.10%/yr for FNPIX. At a correlation of -0.52, they often move in opposite directions. RYILX charges 1.55%/yr vs 1.72%/yr for FNPIX.
Performance
RYILX vs. FNPIX - Performance Comparison
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Returns By Period
In the year-to-date period, RYILX achieves a 2.00% return, which is significantly higher than FNPIX's -4.35% return. Over the past 10 years, RYILX has underperformed FNPIX with an annualized return of -2.97%, while FNPIX has yielded a comparatively higher 15.10% annualized return.
RYILX
- 1D
- 0.32%
- 1M
- -0.08%
- YTD
- 2.00%
- 6M
- 1.91%
- 1Y
- -0.61%
- 3Y*
- -2.14%
- 5Y*
- -0.06%
- 10Y*
- -2.97%
FNPIX
- 1D
- 0.76%
- 1M
- 5.10%
- YTD
- -4.35%
- 6M
- -6.18%
- 1Y
- 5.29%
- 3Y*
- 23.17%
- 5Y*
- 10.73%
- 10Y*
- 15.10%
RYILX vs. FNPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYILX Rydex Inverse High Yield Strategy Fund | 2.00% | -4.36% | 0.83% | -5.00% | 8.71% | -3.58% | -5.89% | -11.11% | 1.00% | -5.87% |
FNPIX ProFunds Financials UltraSector Fund | -4.35% | 16.39% | 38.51% | 18.34% | -23.84% | 57.11% | -9.83% | 46.49% | -17.23% | 27.19% |
Correlation
The correlation between RYILX and FNPIX is -0.47, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.51 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2007 | -0.52 |
The correlation between RYILX and FNPIX has been stable across timeframes, ranging from -0.55 to -0.47 - a consistent structural relationship.
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Return for Risk
RYILX vs. FNPIX — Risk / Return Rank
RYILX
FNPIX
RYILX vs. FNPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse High Yield Strategy Fund (RYILX) and ProFunds Financials UltraSector Fund (FNPIX). 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.
| RYILX | FNPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.07 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 0.32 | -0.59 |
| Martin ratioReturn relative to average drawdown | -0.49 | 0.77 | -1.27 |
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Drawdowns
RYILX vs. FNPIX - Drawdown Comparison
The maximum RYILX drawdown since its inception was -77.21%, smaller than the maximum FNPIX drawdown of -93.14%. Use the drawdown chart below to compare losses from any high point for RYILX and FNPIX.
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Drawdown Indicators
| RYILX | FNPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.21% | -93.14% | +15.93% |
Max Drawdown (1Y)Largest decline over 1 year | -4.01% | -22.37% | +18.36% |
Max Drawdown (3Y)Largest decline over 3 years | -12.72% | -23.21% | +10.49% |
Max Drawdown (5Y)Largest decline over 5 years | -15.44% | -37.80% | +22.36% |
Max Drawdown (10Y)Largest decline over 10 years | -27.90% | -58.23% | +30.33% |
Current DrawdownCurrent decline from peak | -76.68% | -8.41% | -68.27% |
Average DrawdownAverage peak-to-trough decline | -58.14% | -36.16% | -21.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 9.28% | -6.83% |
Volatility
RYILX vs. FNPIX - Volatility Comparison
The current volatility for Rydex Inverse High Yield Strategy Fund (RYILX) is 1.77%, while ProFunds Financials UltraSector Fund (FNPIX) has a volatility of 6.29%. This indicates that RYILX experiences smaller price fluctuations and is considered to be less risky than FNPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYILX | FNPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 6.29% | -4.52% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 16.81% | -12.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.05% | 21.83% | -16.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.56% | 27.39% | -19.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.16% | 30.68% | -22.52% |
RYILX vs. FNPIX - Expense Ratio Comparison
RYILX has a 1.55% expense ratio, which is lower than FNPIX's 1.72% expense ratio.
Dividends
RYILX vs. FNPIX - Dividend Comparison
Neither RYILX nor FNPIX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FNPIX ProFunds Financials UltraSector Fund | 0.00% | 0.00% | 0.49% | 0.25% | 0.00% | 13.10% | 0.00% | 1.70% |
RYILX Rydex Inverse High Yield Strategy Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.45% | 7.79% | 0.00% |
Frequently Asked Questions
RYILX and FNPIX have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNPIX has higher volatility (6.29%) compared to RYILX (1.77%). In terms of maximum drawdown, RYILX dropped -77.21% vs FNPIX's -93.14%.
FNPIX currently has the higher Sharpe Ratio (0.33 vs -0.21), 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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