RYNVX vs. ENPIX
RYNVX (Rydex Nova Fund) and ENPIX (ProFunds UltraSector Oil & Gas Fund) are both Leveraged Equities funds. Over the past 10 years, RYNVX returned 18.38%/yr vs 6.24%/yr for ENPIX. A 0.57 correlation means they provide meaningful diversification when combined. RYNVX charges 1.23%/yr vs 1.51%/yr for ENPIX.
Performance
RYNVX vs. ENPIX - Performance Comparison
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Returns By Period
In the year-to-date period, RYNVX achieves a 13.98% return, which is significantly lower than ENPIX's 41.81% return. Over the past 10 years, RYNVX has outperformed ENPIX with an annualized return of 18.38%, while ENPIX has yielded a comparatively lower 6.24% annualized return.
RYNVX
- 1D
- 0.56%
- 1M
- -0.59%
- 6M
- 12.03%
- YTD
- 13.98%
- 1Y
- 29.27%
- 3Y*
- 25.65%
- 5Y*
- 14.77%
- 10Y*
- 18.38%
ENPIX
- 1D
- 0.56%
- 1M
- 4.49%
- 6M
- 27.69%
- YTD
- 41.81%
- 1Y
- 48.29%
- 3Y*
- 16.70%
- 5Y*
- 26.35%
- 10Y*
- 6.24%
RYNVX vs. ENPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYNVX Rydex Nova Fund | 13.98% | 21.42% | 33.14% | 35.31% | -29.96% | 42.56% | 19.64% | 45.58% | -10.24% | 31.17% |
ENPIX ProFunds UltraSector Oil & Gas Fund | 41.81% | 4.99% | 2.30% | -7.46% | 92.17% | 82.32% | -53.71% | 10.35% | -30.54% | -5.59% |
Correlation
The correlation between RYNVX and ENPIX is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2000 | 0.57 |
The correlation between RYNVX and ENPIX shifts across timeframes, from -0.12 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RYNVX vs. ENPIX — Risk / Return Rank
RYNVX
ENPIX
RYNVX vs. ENPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Nova Fund (RYNVX) and ProFunds UltraSector Oil & Gas Fund (ENPIX). 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.
| RYNVX | ENPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.24 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 1.97 | +0.10 |
| Martin ratioReturn relative to average drawdown | 8.70 | 5.25 | +3.45 |
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Drawdowns
RYNVX vs. ENPIX - Drawdown Comparison
The maximum RYNVX drawdown since its inception was -76.54%, smaller than the maximum ENPIX drawdown of -90.12%. Use the drawdown chart below to compare losses from any high point for RYNVX and ENPIX.
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Drawdown Indicators
| RYNVX | ENPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.54% | -90.12% | +13.58% |
Max Drawdown (1Y)Largest decline over 1 year | -13.84% | -23.01% | +9.17% |
Max Drawdown (3Y)Largest decline over 3 years | -27.49% | -32.27% | +4.78% |
Max Drawdown (5Y)Largest decline over 5 years | -40.92% | -36.48% | -4.44% |
Max Drawdown (10Y)Largest decline over 10 years | -48.58% | -84.54% | +35.96% |
Current DrawdownCurrent decline from peak | -1.74% | -13.96% | +12.22% |
Average DrawdownAverage peak-to-trough decline | -19.57% | -36.82% | +17.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 8.63% | -5.35% |
Volatility
RYNVX vs. ENPIX - Volatility Comparison
The current volatility for Rydex Nova Fund (RYNVX) is 5.54%, while ProFunds UltraSector Oil & Gas Fund (ENPIX) has a volatility of 10.70%. This indicates that RYNVX experiences smaller price fluctuations and is considered to be less risky than ENPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYNVX | ENPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.54% | 10.70% | -5.16% |
Volatility (6M)Calculated over the trailing 6-month period | 15.02% | 25.04% | -10.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.84% | 31.52% | -12.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.11% | 38.65% | -12.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.37% | 44.70% | -17.33% |
RYNVX vs. ENPIX - Expense Ratio Comparison
RYNVX has a 1.23% expense ratio, which is lower than ENPIX's 1.51% expense ratio.
Dividends
RYNVX vs. ENPIX - Dividend Comparison
RYNVX's dividend yield for the trailing twelve months is around 0.66%, less than ENPIX's 1.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENPIX ProFunds UltraSector Oil & Gas Fund | 1.95% | 2.76% | 3.19% | 0.87% | 2.76% | 1.59% | 1.76% | 1.34% | 1.76% | 0.84% | 0.57% | 0.56% |
RYNVX Rydex Nova Fund | 0.66% | 0.76% | 0.66% | 0.59% | 22.11% | 9.07% | 0.53% | 0.00% | 0.00% | 1.97% | 1.22% | 0.13% |
Frequently Asked Questions
RYNVX and ENPIX have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENPIX has higher volatility (10.70%) compared to RYNVX (5.54%). In terms of maximum drawdown, RYNVX dropped -76.54% vs ENPIX's -90.12%.
RYNVX currently has the higher Sharpe Ratio (1.52 vs 1.44), 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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