RYTPX vs. URPIX
Compare and contrast key facts about Rydex Inverse S&P 500 2x Strategy Fund (RYTPX) and ProFunds UltraBear Fund (URPIX).
RYTPX is managed by Rydex Funds. It was launched on May 18, 2000. URPIX is managed by ProFunds. It was launched on Dec 21, 1997.
Performance
RYTPX vs. URPIX - Performance Comparison
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RYTPX vs. URPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYTPX Rydex Inverse S&P 500 2x Strategy Fund | 16.72% | -27.24% | -29.24% | -31.96% | 29.31% | -43.38% | -50.05% | -41.84% | 4.42% | -32.54% |
URPIX ProFunds UltraBear Fund | 17.25% | -27.06% | -32.89% | -31.77% | 29.74% | -43.61% | -51.10% | -42.03% | 4.20% | -32.58% |
Returns By Period
The year-to-date returns for both investments are quite close, with RYTPX having a 16.72% return and URPIX slightly higher at 17.25%. Over the past 10 years, RYTPX has outperformed URPIX with an annualized return of -15.00%, while URPIX has yielded a comparatively lower -26.53% annualized return.
RYTPX
- 1D
- 0.78%
- 1M
- 16.95%
- YTD
- 16.72%
- 6M
- 12.84%
- 1Y
- -22.90%
- 3Y*
- -22.33%
- 5Y*
- -19.19%
- 10Y*
- -15.00%
URPIX
- 1D
- 0.84%
- 1M
- 17.90%
- YTD
- 17.25%
- 6M
- 13.15%
- 1Y
- -22.40%
- 3Y*
- -23.45%
- 5Y*
- -19.88%
- 10Y*
- -26.53%
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RYTPX vs. URPIX - Expense Ratio Comparison
RYTPX has a 2.16% expense ratio, which is higher than URPIX's 1.78% expense ratio.
Return for Risk
RYTPX vs. URPIX — Risk / Return Rank
RYTPX
URPIX
RYTPX vs. URPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse S&P 500 2x Strategy Fund (RYTPX) and ProFunds UltraBear Fund (URPIX). 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.
| RYTPX | URPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.66 | -0.65 | -0.01 |
Sortino ratioReturn per unit of downside risk | -0.77 | -0.75 | -0.02 |
Omega ratioGain probability vs. loss probability | 0.89 | 0.89 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | -0.42 | -0.41 | -0.01 |
Martin ratioReturn relative to average drawdown | -0.50 | -0.49 | -0.01 |
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
| RYTPX | URPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | -0.65 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.57 | -0.59 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.03 | -0.75 | +0.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | -0.54 | +0.49 |
Correlation
The correlation between RYTPX and URPIX is 0.96, 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
RYTPX vs. URPIX - Dividend Comparison
RYTPX's dividend yield for the trailing twelve months is around 4.41%, more than URPIX's 2.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RYTPX Rydex Inverse S&P 500 2x Strategy Fund | 4.41% | 5.15% | 6.90% | 3.35% | 0.00% | 0.00% | 0.00% | 0.23% |
URPIX ProFunds UltraBear Fund | 2.33% | 2.73% | 0.00% | 3.02% | 0.00% | 0.00% | 0.47% | 0.00% |
Drawdowns
RYTPX vs. URPIX - Drawdown Comparison
The maximum RYTPX drawdown since its inception was -99.91%, roughly equal to the maximum URPIX drawdown of -99.91%. Use the drawdown chart below to compare losses from any high point for RYTPX and URPIX.
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Drawdown Indicators
| RYTPX | URPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.91% | -99.91% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -48.95% | -48.95% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -71.49% | -72.81% | +1.32% |
Max Drawdown (10Y)Largest decline over 10 years | -96.04% | -96.41% | +0.37% |
Current DrawdownCurrent decline from peak | -99.89% | -99.89% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -82.21% | -78.94% | -3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.96% | 40.81% | +0.15% |
Volatility
RYTPX vs. URPIX - Volatility Comparison
Rydex Inverse S&P 500 2x Strategy Fund (RYTPX) and ProFunds UltraBear Fund (URPIX) have volatilities of 8.47% and 8.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYTPX | URPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.47% | 8.48% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 18.00% | 18.09% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.19% | 36.11% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.67% | 33.76% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 436.49% | 35.55% | +400.94% |