RYJSX vs. UBPIX
RYJSX (Rydex Japan 2x Strategy Fund) and UBPIX (ProFunds UltraLatin America Fund) are both Leveraged Equities funds. Over the past 10 years, RYJSX returned 16.65%/yr vs 5.82%/yr for UBPIX. A 0.51 correlation means they provide meaningful diversification when combined. RYJSX charges 1.49%/yr vs 1.73%/yr for UBPIX.
Performance
RYJSX vs. UBPIX - Performance Comparison
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Returns By Period
In the year-to-date period, RYJSX achieves a 77.19% return, which is significantly higher than UBPIX's 30.51% return. Over the past 10 years, RYJSX has outperformed UBPIX with an annualized return of 16.65%, while UBPIX has yielded a comparatively lower 5.82% annualized return.
RYJSX
- 1D
- 5.22%
- 1M
- 23.48%
- YTD
- 77.19%
- 6M
- 78.43%
- 1Y
- 153.49%
- 3Y*
- 36.86%
- 5Y*
- 14.07%
- 10Y*
- 16.65%
UBPIX
- 1D
- -1.22%
- 1M
- -5.70%
- YTD
- 30.51%
- 6M
- 34.41%
- 1Y
- 85.26%
- 3Y*
- 19.44%
- 5Y*
- 12.35%
- 10Y*
- 5.82%
RYJSX vs. UBPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYJSX Rydex Japan 2x Strategy Fund | 77.19% | 50.73% | 1.56% | 34.36% | -42.66% | -14.17% | 40.76% | 38.61% | -21.92% | 50.94% |
UBPIX ProFunds UltraLatin America Fund | 30.51% | 88.27% | -39.96% | 53.61% | 9.98% | -10.66% | -50.10% | 13.18% | -22.18% | 46.59% |
Correlation
The correlation between RYJSX and UBPIX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | 0.51 |
The correlation between RYJSX and UBPIX has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.
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Return for Risk
RYJSX vs. UBPIX — Risk / Return Rank
RYJSX
UBPIX
RYJSX vs. UBPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Japan 2x Strategy Fund (RYJSX) and ProFunds UltraLatin America Fund (UBPIX). 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.
| RYJSX | UBPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.31 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.73 | 3.36 | +1.37 |
| Martin ratioReturn relative to average drawdown | 14.62 | 10.01 | +4.61 |
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Drawdowns
RYJSX vs. UBPIX - Drawdown Comparison
The maximum RYJSX drawdown since its inception was -63.60%, smaller than the maximum UBPIX drawdown of -98.57%. Use the drawdown chart below to compare losses from any high point for RYJSX and UBPIX.
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Drawdown Indicators
| RYJSX | UBPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.60% | -98.57% | +34.97% |
Max Drawdown (1Y)Largest decline over 1 year | -30.86% | -24.09% | -6.77% |
Max Drawdown (3Y)Largest decline over 3 years | -40.80% | -44.74% | +3.94% |
Max Drawdown (5Y)Largest decline over 5 years | -61.07% | -49.18% | -11.89% |
Max Drawdown (10Y)Largest decline over 10 years | -63.60% | -89.02% | +25.42% |
Current DrawdownCurrent decline from peak | 0.00% | -90.39% | +90.39% |
Average DrawdownAverage peak-to-trough decline | -20.83% | -84.69% | +63.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.96% | 8.09% | +1.87% |
Volatility
RYJSX vs. UBPIX - Volatility Comparison
Rydex Japan 2x Strategy Fund (RYJSX) has a higher volatility of 20.99% compared to ProFunds UltraLatin America Fund (UBPIX) at 12.11%. This indicates that RYJSX's price experiences larger fluctuations and is considered to be riskier than UBPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYJSX | UBPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.99% | 12.11% | +8.88% |
Volatility (6M)Calculated over the trailing 6-month period | 43.61% | 33.59% | +10.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.47% | 41.32% | +12.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.42% | 46.17% | -4.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.13% | 55.97% | -17.84% |
RYJSX vs. UBPIX - Expense Ratio Comparison
RYJSX has a 1.49% expense ratio, which is lower than UBPIX's 1.73% expense ratio.
Dividends
RYJSX vs. UBPIX - Dividend Comparison
RYJSX's dividend yield for the trailing twelve months is around 0.63%, less than UBPIX's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYJSX Rydex Japan 2x Strategy Fund | 0.63% | 1.11% | 4.50% | 5.86% | 0.00% | 0.00% | 0.52% | 0.85% | 0.48% | 3.24% | 0.00% | 0.00% |
UBPIX ProFunds UltraLatin America Fund | 3.86% | 5.03% | 6.94% | 4.32% | 10.96% | 6.00% | 0.53% | 1.28% | 1.58% | 0.22% | 0.32% | 0.43% |
Frequently Asked Questions
RYJSX and UBPIX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYJSX has higher volatility (20.99%) compared to UBPIX (12.11%). In terms of maximum drawdown, RYJSX dropped -63.60% vs UBPIX's -98.57%.
RYJSX currently has the higher Sharpe Ratio (2.73 vs 1.96), 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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