RYJUX vs. RRPIX
RYJUX (Rydex Inverse Government Long Bond Strategy Fund) and RRPIX (ProFunds Rising Rates Opportunity Fund) are both Inverse Bonds funds. Over the past 10 years, RYJUX returned 3.34%/yr vs 1.79%/yr for RRPIX. With a 0.99 correlation, they move nearly in lockstep. RYJUX charges 4.28%/yr vs 1.52%/yr for RRPIX.
Performance
RYJUX vs. RRPIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with RYJUX having a 1.96% return and RRPIX slightly lower at 1.87%. Over the past 10 years, RYJUX has outperformed RRPIX with an annualized return of 3.34%, while RRPIX has yielded a comparatively lower 1.79% annualized return.
RYJUX
- 1D
- 0.75%
- 1M
- -1.70%
- YTD
- 1.96%
- 6M
- 2.08%
- 1Y
- 2.08%
- 3Y*
- 9.20%
- 5Y*
- 11.67%
- 10Y*
- 3.34%
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%
RYJUX vs. RRPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYJUX Rydex Inverse Government Long Bond Strategy Fund | 1.96% | 2.24% | 18.01% | 4.58% | 45.99% | 1.31% | -21.12% | -12.94% | 4.03% | -8.97% |
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 RYJUX and RRPIX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2003 | 0.99 |
The correlation between RYJUX and RRPIX has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.
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Return for Risk
RYJUX vs. RRPIX — Risk / Return Rank
RYJUX
RRPIX
RYJUX vs. RRPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse Government Long Bond Strategy Fund (RYJUX) 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.
| RYJUX | RRPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.02 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 0.09 | +0.17 |
| Martin ratioReturn relative to average drawdown | 0.61 | 0.20 | +0.41 |
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Drawdowns
RYJUX vs. RRPIX - Drawdown Comparison
The maximum RYJUX drawdown since its inception was -85.46%, roughly equal to the maximum RRPIX drawdown of -89.37%. Use the drawdown chart below to compare losses from any high point for RYJUX and RRPIX.
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Drawdown Indicators
| RYJUX | RRPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.46% | -89.37% | +3.91% |
Max Drawdown (1Y)Largest decline over 1 year | -6.75% | -8.73% | +1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -16.72% | -20.95% | +4.23% |
Max Drawdown (5Y)Largest decline over 5 years | -16.72% | -20.95% | +4.23% |
Max Drawdown (10Y)Largest decline over 10 years | -42.57% | -52.24% | +9.67% |
Current DrawdownCurrent decline from peak | -69.61% | -77.59% | +7.98% |
Average DrawdownAverage peak-to-trough decline | -50.87% | -60.51% | +9.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 4.08% | -1.13% |
Volatility
RYJUX vs. RRPIX - Volatility Comparison
The current volatility for Rydex Inverse Government Long Bond Strategy Fund (RYJUX) is 2.17%, while ProFunds Rising Rates Opportunity Fund (RRPIX) has a volatility of 2.76%. This indicates that RYJUX 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
| RYJUX | RRPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.17% | 2.76% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 6.31% | 7.88% | -1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.19% | 11.36% | -2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.21% | 20.13% | -3.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.97% | 19.84% | -3.87% |
RYJUX vs. RRPIX - Expense Ratio Comparison
RYJUX has a 4.28% expense ratio, which is higher than RRPIX's 1.52% expense ratio.
Dividends
RYJUX vs. RRPIX - Dividend Comparison
RYJUX's dividend yield for the trailing twelve months is around 4.35%, more than RRPIX's 3.44% yield.
| 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% |
RYJUX Rydex Inverse Government Long Bond Strategy Fund | 4.35% | 4.44% | 7.75% | 1.26% | 0.00% | 0.00% | 0.37% | 0.00% |
Frequently Asked Questions
With a correlation of 1.00, RYJUX and RRPIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
RRPIX has higher volatility (2.76%) compared to RYJUX (2.17%). In terms of maximum drawdown, RYJUX dropped -85.46% vs RRPIX's -89.37%.
RYJUX currently has the higher Sharpe Ratio (0.20 vs 0.07), 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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