RYNVX vs. UBPIX
RYNVX (Rydex Nova Fund) and UBPIX (ProFunds UltraLatin America Fund) are both Leveraged Equities funds. Over the past 10 years, RYNVX returned 18.31%/yr vs 3.73%/yr for UBPIX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. RYNVX charges 1.23%/yr vs 1.73%/yr for UBPIX.
Performance
RYNVX vs. UBPIX - Performance Comparison
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Returns By Period
In the year-to-date period, RYNVX achieves a 15.02% return, which is significantly lower than UBPIX's 35.80% return. Over the past 10 years, RYNVX has outperformed UBPIX with an annualized return of 18.31%, while UBPIX has yielded a comparatively lower 3.73% annualized return.
RYNVX
- 1D
- 2.21%
- 1M
- 2.08%
- 6M
- 13.51%
- YTD
- 15.02%
- 1Y
- 28.01%
- 3Y*
- 26.51%
- 5Y*
- 14.66%
- 10Y*
- 18.31%
- ALL TIME*
- 11.55%
UBPIX
- 1D
- -1.49%
- 1M
- 6.41%
- 6M
- -3.75%
- YTD
- 35.80%
- 1Y
- 94.18%
- 3Y*
- 23.60%
- 5Y*
- 14.96%
- 10Y*
- 3.73%
- ALL TIME*
- -9.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
RYNVX Rydex Nova Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
RYNVX vs. UBPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYNVX Rydex Nova Fund | 15.02% | 21.42% | 33.14% | 35.31% | -29.96% | 42.56% | 19.64% | 45.58% | -10.24% | 31.17% |
UBPIX ProFunds UltraLatin America Fund | 35.80% | 88.27% | -39.96% | 53.61% | 9.98% | -10.66% | -50.10% | 13.18% | -22.18% | 46.59% |
Correlation
The correlation between RYNVX and UBPIX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2007 | 0.60 |
The correlation between RYNVX and UBPIX shifts across timeframes, from 0.45 (5 years) to 0.60 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RYNVX vs. UBPIX — Risk / Return Rank
RYNVX
UBPIX
RYNVX vs. UBPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Nova Fund (RYNVX) 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.
| RYNVX | UBPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.36 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 4.05 | -1.81 |
| Martin ratioReturn relative to average drawdown | 9.16 | 9.65 | -0.50 |
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Drawdowns
RYNVX vs. UBPIX - Drawdown Comparison
The maximum RYNVX drawdown since its inception was -76.54%, smaller than the maximum UBPIX drawdown of -98.57%. Use the drawdown chart below to compare losses from any high point for RYNVX and UBPIX.
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Drawdown Indicators
| RYNVX | UBPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.54% | -98.57% | +22.03% |
Max Drawdown (1Y)Largest decline over 1 year | -13.84% | -24.09% | +10.25% |
Max Drawdown (3Y)Largest decline over 3 years | -27.49% | -44.74% | +17.25% |
Max Drawdown (5Y)Largest decline over 5 years | -40.92% | -49.18% | +8.26% |
Max Drawdown (10Y)Largest decline over 10 years | -48.58% | -89.02% | +40.44% |
Current DrawdownCurrent decline from peak | -0.84% | -90.00% | +89.16% |
Average DrawdownAverage peak-to-trough decline | -19.54% | -84.73% | +65.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 10.08% | -6.70% |
Volatility
RYNVX vs. UBPIX - Volatility Comparison
The current volatility for Rydex Nova Fund (RYNVX) is 5.70%, while ProFunds UltraLatin America Fund (UBPIX) has a volatility of 10.36%. This indicates that RYNVX experiences smaller price fluctuations and is considered to be less risky 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
| RYNVX | UBPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.70% | 10.36% | -4.66% |
Volatility (6M)Calculated over the trailing 6-month period | 15.34% | 32.66% | -17.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.30% | 41.37% | -22.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.14% | 45.70% | -19.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.42% | 55.62% | -28.20% |
RYNVX vs. UBPIX - Expense Ratio Comparison
RYNVX has a 1.23% expense ratio, which is lower than UBPIX's 1.73% expense ratio.
Dividends
RYNVX vs. UBPIX - Dividend Comparison
RYNVX's dividend yield for the trailing twelve months is around 0.66%, less than UBPIX's 3.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UBPIX ProFunds UltraLatin America Fund | 3.71% | 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
RYNVX 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.
UBPIX has higher volatility (10.36%) compared to RYNVX (5.70%). In terms of maximum drawdown, RYNVX dropped -76.54% vs UBPIX's -98.57%.
UBPIX currently has the higher Sharpe Ratio (2.36 vs 1.61), 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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