RYNVX vs. BMPIX
Compare and contrast key facts about Rydex Nova Fund (RYNVX) and ProFunds Basic Materials UltraSector Fund (BMPIX).
RYNVX is managed by Rydex Funds. It was launched on Jul 11, 1993. BMPIX is managed by ProFunds. It was launched on Sep 3, 2001.
Performance
RYNVX vs. BMPIX - Performance Comparison
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RYNVX vs. BMPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYNVX Rydex Nova Fund | -11.41% | 21.42% | 33.14% | 35.31% | -29.96% | 42.56% | 19.64% | 45.58% | -10.24% | 31.17% |
BMPIX ProFunds Basic Materials UltraSector Fund | 11.87% | 9.09% | -5.35% | 15.30% | -16.22% | 38.93% | 18.27% | 25.13% | -26.81% | 34.96% |
Returns By Period
In the year-to-date period, RYNVX achieves a -11.41% return, which is significantly lower than BMPIX's 11.87% return. Over the past 10 years, RYNVX has outperformed BMPIX with an annualized return of 16.20%, while BMPIX has yielded a comparatively lower 10.49% annualized return.
RYNVX
- 1D
- -0.59%
- 1M
- -11.64%
- YTD
- -11.41%
- 6M
- -8.94%
- 1Y
- 16.27%
- 3Y*
- 20.70%
- 5Y*
- 12.22%
- 10Y*
- 16.20%
BMPIX
- 1D
- 0.39%
- 1M
- -11.85%
- YTD
- 11.87%
- 6M
- 13.11%
- 1Y
- 18.80%
- 3Y*
- 7.48%
- 5Y*
- 6.04%
- 10Y*
- 10.49%
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RYNVX vs. BMPIX - Expense Ratio Comparison
RYNVX has a 1.23% expense ratio, which is lower than BMPIX's 1.89% expense ratio.
Return for Risk
RYNVX vs. BMPIX — Risk / Return Rank
RYNVX
BMPIX
RYNVX vs. BMPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Nova Fund (RYNVX) and ProFunds Basic Materials UltraSector Fund (BMPIX). 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.
| RYNVX | BMPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 0.66 | -0.02 |
Sortino ratioReturn per unit of downside risk | 1.07 | 1.13 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.14 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 0.81 | -0.04 |
Martin ratioReturn relative to average drawdown | 3.48 | 2.63 | +0.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RYNVX | BMPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 0.66 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.21 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.33 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.16 | +0.22 |
Correlation
The correlation between RYNVX and BMPIX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
RYNVX vs. BMPIX - Dividend Comparison
RYNVX's dividend yield for the trailing twelve months is around 0.85%, less than BMPIX's 1.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYNVX Rydex Nova Fund | 0.85% | 0.76% | 0.66% | 0.59% | 22.11% | 9.07% | 0.53% | 0.00% | 0.00% | 1.97% | 1.22% | 0.13% |
BMPIX ProFunds Basic Materials UltraSector Fund | 1.62% | 1.81% | 0.94% | 0.96% | 0.00% | 0.00% | 0.28% | 0.00% | 0.00% | 0.00% | 0.16% | 0.00% |
Drawdowns
RYNVX vs. BMPIX - Drawdown Comparison
The maximum RYNVX drawdown since its inception was -76.54%, smaller than the maximum BMPIX drawdown of -84.22%. Use the drawdown chart below to compare losses from any high point for RYNVX and BMPIX.
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Drawdown Indicators
| RYNVX | BMPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.54% | -84.22% | +7.68% |
Max Drawdown (1Y)Largest decline over 1 year | -17.91% | -21.39% | +3.48% |
Max Drawdown (5Y)Largest decline over 5 years | -40.92% | -38.50% | -2.42% |
Max Drawdown (10Y)Largest decline over 10 years | -48.58% | -61.41% | +12.83% |
Current DrawdownCurrent decline from peak | -13.84% | -12.48% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -19.72% | -24.24% | +4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 6.60% | -2.66% |
Volatility
RYNVX vs. BMPIX - Volatility Comparison
The current volatility for Rydex Nova Fund (RYNVX) is 6.38%, while ProFunds Basic Materials UltraSector Fund (BMPIX) has a volatility of 8.81%. This indicates that RYNVX experiences smaller price fluctuations and is considered to be less risky than BMPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYNVX | BMPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.38% | 8.81% | -2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 18.58% | -4.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.19% | 31.56% | -4.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.89% | 29.57% | -3.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.33% | 32.06% | -4.73% |