RYMKX vs. UOPIX
RYMKX (Rydex Russell 2000 1.5x Strategy Fund) and UOPIX (ProFunds UltraNASDAQ-100 Fund) are both Leveraged Equities funds. Over the past 10 years, RYMKX returned 10.97%/yr vs 33.36%/yr for UOPIX. A 0.77 correlation means they provide meaningful diversification when combined. RYMKX charges 1.69%/yr vs 1.47%/yr for UOPIX.
Performance
RYMKX vs. UOPIX - Performance Comparison
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Returns By Period
In the year-to-date period, RYMKX achieves a 28.70% return, which is significantly lower than UOPIX's 32.77% return. Over the past 10 years, RYMKX has underperformed UOPIX with an annualized return of 10.97%, while UOPIX has yielded a comparatively higher 33.36% annualized return.
RYMKX
- 1D
- -0.75%
- 1M
- 1.52%
- 6M
- 17.77%
- YTD
- 28.70%
- 1Y
- 48.16%
- 3Y*
- 20.12%
- 5Y*
- 4.22%
- 10Y*
- 10.97%
UOPIX
- 1D
- 0.64%
- 1M
- 0.34%
- 6M
- 27.58%
- YTD
- 32.77%
- 1Y
- 58.24%
- 3Y*
- 42.82%
- 5Y*
- 19.14%
- 10Y*
- 33.36%
RYMKX vs. UOPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYMKX Rydex Russell 2000 1.5x Strategy Fund | 28.70% | 12.79% | 11.00% | 20.06% | -33.16% | 16.62% | 20.94% | 35.38% | -19.62% | 20.07% |
UOPIX ProFunds UltraNASDAQ-100 Fund | 32.77% | 30.26% | 41.75% | 115.97% | -60.70% | 48.28% | 86.57% | 80.53% | -9.41% | 68.58% |
Correlation
The correlation between RYMKX and UOPIX is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.77 |
The correlation between RYMKX and UOPIX shifts across timeframes, from 0.66 (3 years) to 0.77 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RYMKX vs. UOPIX — Risk / Return Rank
RYMKX
UOPIX
RYMKX vs. UOPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Russell 2000 1.5x Strategy Fund (RYMKX) and ProFunds UltraNASDAQ-100 Fund (UOPIX). 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.
| RYMKX | UOPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 2.32 | +0.37 |
| Martin ratioReturn relative to average drawdown | 9.26 | 7.68 | +1.59 |
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Drawdowns
RYMKX vs. UOPIX - Drawdown Comparison
The maximum RYMKX drawdown since its inception was -77.57%, smaller than the maximum UOPIX drawdown of -99.00%. Use the drawdown chart below to compare losses from any high point for RYMKX and UOPIX.
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Drawdown Indicators
| RYMKX | UOPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.57% | -99.00% | +21.43% |
Max Drawdown (1Y)Largest decline over 1 year | -16.96% | -24.97% | +8.01% |
Max Drawdown (3Y)Largest decline over 3 years | -39.72% | -42.52% | +2.80% |
Max Drawdown (5Y)Largest decline over 5 years | -63.65% | -65.01% | +1.36% |
Max Drawdown (10Y)Largest decline over 10 years | -63.65% | -65.01% | +1.36% |
Current DrawdownCurrent decline from peak | -19.66% | -6.77% | -12.89% |
Average DrawdownAverage peak-to-trough decline | -23.34% | -67.48% | +44.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.91% | 7.52% | -2.61% |
Volatility
RYMKX vs. UOPIX - Volatility Comparison
The current volatility for Rydex Russell 2000 1.5x Strategy Fund (RYMKX) is 7.29%, while ProFunds UltraNASDAQ-100 Fund (UOPIX) has a volatility of 16.90%. This indicates that RYMKX experiences smaller price fluctuations and is considered to be less risky than UOPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYMKX | UOPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.29% | 16.90% | -9.61% |
Volatility (6M)Calculated over the trailing 6-month period | 21.30% | 30.37% | -9.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.26% | 36.86% | -7.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.48% | 45.83% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.11% | 44.41% | -3.30% |
RYMKX vs. UOPIX - Expense Ratio Comparison
RYMKX has a 1.69% expense ratio, which is higher than UOPIX's 1.47% expense ratio.
Dividends
RYMKX vs. UOPIX - Dividend Comparison
RYMKX's dividend yield for the trailing twelve months is around 0.65%, less than UOPIX's 13.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYMKX Rydex Russell 2000 1.5x Strategy Fund | 0.65% | 0.84% | 1.30% | 0.21% | 0.00% | 57.14% | 0.29% | 0.00% | 0.00% | 0.00% | 9.87% | 8.26% |
UOPIX ProFunds UltraNASDAQ-100 Fund | 13.76% | 18.27% | 0.41% | 0.00% | 5.64% | 11.03% | 9.78% | 5.78% | 6.73% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RYMKX and UOPIX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UOPIX has higher volatility (16.90%) compared to RYMKX (7.29%). In terms of maximum drawdown, RYMKX dropped -77.57% vs UOPIX's -99.00%.
UOPIX currently has the higher Sharpe Ratio (1.57 vs 1.56), 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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