RYNVX vs. ULPIX
Compare and contrast key facts about Rydex Nova Fund (RYNVX) and ProFunds UltraBull Fund (ULPIX).
RYNVX is managed by Rydex Funds. It was launched on Jul 11, 1993. ULPIX is managed by ProFunds. It was launched on Nov 25, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYNVX or ULPIX.
Key characteristics
| RYNVX | ULPIX | |
|---|---|---|
| YTD Return | 35.91% | 46.68% |
| 1Y Return | 47.82% | 63.51% |
| 3Y Return (Ann) | -0.39% | 6.73% |
| 5Y Return (Ann) | 11.64% | 14.80% |
| 10Y Return (Ann) | 12.29% | 15.92% |
| Sharpe Ratio | 2.65 | 2.55 |
| Sortino Ratio | 3.37 | 3.02 |
| Omega Ratio | 1.47 | 1.45 |
| Calmar Ratio | 1.43 | 2.21 |
| Martin Ratio | 16.38 | 16.22 |
| Ulcer Index | 2.94% | 3.95% |
| Daily Std Dev | 18.20% | 25.09% |
| Max Drawdown | -76.54% | -89.55% |
| Current Drawdown | -1.89% | -1.77% |
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.
Performance
RYNVX vs. ULPIX - Performance Comparison
In the year-to-date period, RYNVX achieves a 35.91% return, which is significantly lower than ULPIX's 46.68% return. Over the past 10 years, RYNVX has underperformed ULPIX with an annualized return of 12.29%, while ULPIX has yielded a comparatively higher 15.92% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RYNVX vs. ULPIX - Expense Ratio Comparison
RYNVX has a 1.23% expense ratio, which is lower than ULPIX's 1.46% expense ratio.
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.
Dividends
RYNVX vs. ULPIX - Dividend Comparison
RYNVX's dividend yield for the trailing twelve months is around 0.44%, less than ULPIX's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
RYNVX Rydex Nova Fund | 0.44% | 0.59% | 0.00% | 0.00% | 0.53% | 0.00% | 0.00% | 0.03% | 0.04% | 0.13% | 0.10% |
ULPIX ProFunds UltraBull Fund | 0.61% | 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.
Volatility
RYNVX vs. ULPIX - Volatility Comparison
The current volatility for Rydex Nova Fund (RYNVX) is 5.67%, while ProFunds UltraBull Fund (ULPIX) has a volatility of 7.60%. 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.