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 -2.64%/yr vs 14.83%/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 2.02% return, which is significantly higher than FNPIX's 0.83% return. Over the past 10 years, RYILX has underperformed FNPIX with an annualized return of -2.64%, while FNPIX has yielded a comparatively higher 14.83% annualized return.
RYILX
- 1D
- 0.15%
- 1M
- 0.49%
- 6M
- 1.98%
- YTD
- 2.02%
- 1Y
- 0.15%
- 3Y*
- -2.02%
- 5Y*
- 0.07%
- 10Y*
- -2.64%
FNPIX
- 1D
- 0.43%
- 1M
- 6.73%
- 6M
- -0.39%
- YTD
- 0.83%
- 1Y
- 6.85%
- 3Y*
- 22.94%
- 5Y*
- 11.33%
- 10Y*
- 14.83%
RYILX vs. FNPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYILX Rydex Inverse High Yield Strategy Fund | 2.02% | -4.36% | 0.83% | -5.00% | 8.71% | -3.58% | -5.89% | -11.11% | 1.00% | -5.87% |
FNPIX ProFunds Financials UltraSector Fund | 0.83% | 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 -0.45, 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 | -0.45 |
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 -0.45 - 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 | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.06 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 0.23 | -0.09 |
| Martin ratioReturn relative to average drawdown | 0.28 | 0.56 | -0.28 |
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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 | -26.23% | -58.23% | +32.00% |
Current DrawdownCurrent decline from peak | -76.67% | -3.45% | -73.22% |
Average DrawdownAverage peak-to-trough decline | -58.19% | -36.10% | -22.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 9.38% | -7.32% |
Volatility
RYILX vs. FNPIX - Volatility Comparison
The current volatility for Rydex Inverse High Yield Strategy Fund (RYILX) is 1.70%, while ProFunds Financials UltraSector Fund (FNPIX) has a volatility of 6.48%. 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 | 1.70% | 6.48% | -4.78% |
Volatility (6M)Calculated over the trailing 6-month period | 4.26% | 17.03% | -12.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.97% | 22.03% | -17.06% |
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 | 8.14% | 30.53% | -22.39% |
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 -0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNPIX has higher volatility (6.48%) compared to RYILX (1.70%). In terms of maximum drawdown, RYILX dropped -77.21% vs FNPIX's -93.14%.
FNPIX currently has the higher Sharpe Ratio (0.24 vs 0.12), 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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