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RYNVX vs. ULPIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between RYNVX and ULPIX is 0.98, 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.


-0.50.00.51.01.0

Performance

RYNVX vs. ULPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Nova Fund (RYNVX) and ProFunds UltraBull Fund (ULPIX). The values are adjusted to include any dividend payments, if applicable.

500.00%550.00%600.00%650.00%700.00%JulyAugustSeptemberOctoberNovemberDecember
609.57%
626.38%
RYNVX
ULPIX

Key characteristics

Sharpe Ratio

RYNVX:

1.69

ULPIX:

1.61

Sortino Ratio

RYNVX:

2.23

ULPIX:

2.05

Omega Ratio

RYNVX:

1.31

ULPIX:

1.30

Calmar Ratio

RYNVX:

1.08

ULPIX:

1.77

Martin Ratio

RYNVX:

10.59

ULPIX:

10.36

Ulcer Index

RYNVX:

3.01%

ULPIX:

4.03%

Daily Std Dev

RYNVX:

18.88%

ULPIX:

25.92%

Max Drawdown

RYNVX:

-76.54%

ULPIX:

-89.55%

Current Drawdown

RYNVX:

-6.15%

ULPIX:

-7.42%

Returns By Period

In the year-to-date period, RYNVX achieves a 31.97% return, which is significantly lower than ULPIX's 41.88% return. Over the past 10 years, RYNVX has underperformed ULPIX with an annualized return of 11.64%, while ULPIX has yielded a comparatively higher 15.11% annualized return.


RYNVX

YTD

31.97%

1M

-2.08%

6M

8.58%

1Y

34.86%

5Y*

9.92%

10Y*

11.64%

ULPIX

YTD

41.88%

1M

-2.14%

6M

10.94%

1Y

45.98%

5Y*

12.60%

10Y*

15.11%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


RYNVX vs. ULPIX - Expense Ratio Comparison

RYNVX has a 1.23% expense ratio, which is lower than ULPIX's 1.46% expense ratio.


ULPIX
ProFunds UltraBull Fund
Expense ratio chart for ULPIX: current value at 1.46% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.46%
Expense ratio chart for RYNVX: current value at 1.23% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.23%

Risk-Adjusted Performance

RYNVX vs. ULPIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Nova Fund (RYNVX) and ProFunds UltraBull Fund (ULPIX). 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.


Sharpe ratio
The chart of Sharpe ratio for RYNVX, currently valued at 1.69, compared to the broader market-1.000.001.002.003.004.001.691.61
The chart of Sortino ratio for RYNVX, currently valued at 2.23, compared to the broader market-2.000.002.004.006.008.0010.002.232.05
The chart of Omega ratio for RYNVX, currently valued at 1.31, compared to the broader market0.501.001.502.002.503.003.501.311.30
The chart of Calmar ratio for RYNVX, currently valued at 1.08, compared to the broader market0.002.004.006.008.0010.0012.0014.001.081.77
The chart of Martin ratio for RYNVX, currently valued at 10.59, compared to the broader market0.0020.0040.0060.0010.5910.36
RYNVX
ULPIX

The current RYNVX Sharpe Ratio is 1.69, which is comparable to the ULPIX Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of RYNVX and ULPIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
1.69
1.61
RYNVX
ULPIX

Dividends

RYNVX vs. ULPIX - Dividend Comparison

RYNVX has not paid dividends to shareholders, while ULPIX's dividend yield for the trailing twelve months is around 0.63%.


TTM2023202220212020201920182017201620152014
RYNVX
Rydex Nova Fund
0.00%0.59%0.00%0.00%0.53%0.00%0.00%0.03%0.04%0.13%0.10%
ULPIX
ProFunds UltraBull Fund
0.63%0.02%0.00%0.00%0.49%0.42%0.13%0.00%0.00%0.00%0.00%

Drawdowns

RYNVX vs. ULPIX - Drawdown Comparison

The maximum RYNVX drawdown since its inception was -76.54%, smaller than the maximum ULPIX drawdown of -89.55%. Use the drawdown chart below to compare losses from any high point for RYNVX and ULPIX. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-6.15%
-7.42%
RYNVX
ULPIX

Volatility

RYNVX vs. ULPIX - Volatility Comparison

The current volatility for Rydex Nova Fund (RYNVX) is 5.66%, while ProFunds UltraBull Fund (ULPIX) has a volatility of 7.43%. This indicates that RYNVX experiences smaller price fluctuations and is considered to be less risky than ULPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%JulyAugustSeptemberOctoberNovemberDecember
5.66%
7.43%
RYNVX
ULPIX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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