RYILX vs. RRPIX
RYILX (Rydex Inverse High Yield Strategy Fund) and RRPIX (ProFunds Rising Rates Opportunity Fund) are both Inverse Bonds funds. Over the past 10 years, RYILX returned -2.97%/yr vs 1.79%/yr for RRPIX. At a 0.09 correlation, their price movements are largely independent. RYILX charges 1.55%/yr vs 1.52%/yr for RRPIX.
Performance
RYILX vs. RRPIX - 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 RRPIX's 1.87% return. Over the past 10 years, RYILX has underperformed RRPIX with an annualized return of -2.97%, while RRPIX has yielded a comparatively higher 1.79% 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%
RRPIX
- 1D
- 0.91%
- 1M
- -2.62%
- YTD
- 1.87%
- 6M
- 1.90%
- 1Y
- 1.16%
- 3Y*
- 7.03%
- 5Y*
- 11.13%
- 10Y*
- 1.79%
RYILX vs. RRPIX - 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% |
RRPIX ProFunds Rising Rates Opportunity Fund | 1.87% | 0.93% | 13.26% | 2.52% | 56.59% | 0.66% | -26.80% | -17.37% | 4.15% | -11.94% |
Correlation
The correlation between RYILX and RRPIX is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2007 | 0.09 |
Over the past year, RYILX and RRPIX have become more correlated (0.63) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
RYILX vs. RRPIX — Risk / Return Rank
RYILX
RRPIX
RYILX vs. RRPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse High Yield Strategy Fund (RYILX) and ProFunds Rising Rates Opportunity Fund (RRPIX). 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 | RRPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.02 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 0.09 | -0.36 |
| Martin ratioReturn relative to average drawdown | -0.49 | 0.20 | -0.69 |
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Drawdowns
RYILX vs. RRPIX - Drawdown Comparison
The maximum RYILX drawdown since its inception was -77.21%, smaller than the maximum RRPIX drawdown of -89.37%. Use the drawdown chart below to compare losses from any high point for RYILX and RRPIX.
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Drawdown Indicators
| RYILX | RRPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.21% | -89.37% | +12.16% |
Max Drawdown (1Y)Largest decline over 1 year | -4.01% | -8.73% | +4.72% |
Max Drawdown (3Y)Largest decline over 3 years | -12.72% | -20.95% | +8.23% |
Max Drawdown (5Y)Largest decline over 5 years | -15.44% | -20.95% | +5.51% |
Max Drawdown (10Y)Largest decline over 10 years | -27.90% | -52.24% | +24.34% |
Current DrawdownCurrent decline from peak | -76.68% | -77.59% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -58.14% | -60.51% | +2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 4.08% | -1.63% |
Volatility
RYILX vs. RRPIX - Volatility Comparison
The current volatility for Rydex Inverse High Yield Strategy Fund (RYILX) is 1.77%, while ProFunds Rising Rates Opportunity Fund (RRPIX) has a volatility of 2.76%. This indicates that RYILX experiences smaller price fluctuations and is considered to be less risky than RRPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYILX | RRPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 2.76% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 7.88% | -3.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.05% | 11.36% | -6.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.56% | 20.13% | -12.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.16% | 19.84% | -11.68% |
RYILX vs. RRPIX - Expense Ratio Comparison
RYILX has a 1.55% expense ratio, which is higher than RRPIX's 1.52% expense ratio.
Dividends
RYILX vs. RRPIX - Dividend Comparison
RYILX has not paid dividends to shareholders, while RRPIX's dividend yield for the trailing twelve months is around 3.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RRPIX ProFunds Rising Rates Opportunity Fund | 3.44% | 3.50% | 0.00% | 4.94% | 0.00% | 0.00% | 0.00% | 1.26% |
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 RRPIX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RRPIX has higher volatility (2.76%) compared to RYILX (1.77%). In terms of maximum drawdown, RYILX dropped -77.21% vs RRPIX's -89.37%.
RRPIX currently has the higher Sharpe Ratio (0.07 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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