RYURX vs. SH
Compare and contrast key facts about Rydex Inverse S&P 500 Strategy Fund (RYURX) and ProShares Short S&P500 (SH).
RYURX is managed by Rydex Funds. It was launched on Jan 6, 1994. SH is a passively managed fund by ProShares that tracks the performance of the S&P 500 (-100%). It was launched on Jun 19, 2006.
Performance
RYURX vs. SH - Performance Comparison
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RYURX vs. SH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYURX Rydex Inverse S&P 500 Strategy Fund | 8.78% | -82.28% | -13.04% | -14.56% | 17.56% | -24.19% | -24.90% | -22.65% | 4.33% | -17.38% |
SH ProShares Short S&P500 | 5.77% | -11.35% | -13.52% | -14.80% | 18.98% | -24.21% | -25.09% | -22.12% | 4.93% | -17.36% |
Returns By Period
In the year-to-date period, RYURX achieves a 8.78% return, which is significantly higher than SH's 5.77% return. Over the past 10 years, RYURX has underperformed SH with an annualized return of -24.82%, while SH has yielded a comparatively higher -11.84% annualized return.
RYURX
- 1D
- 0.42%
- 1M
- 8.50%
- YTD
- 8.78%
- 6M
- 7.52%
- 1Y
- -9.01%
- 3Y*
- -46.66%
- 5Y*
- -32.84%
- 10Y*
- -24.82%
SH
- 1D
- -2.82%
- 1M
- 5.57%
- YTD
- 5.77%
- 6M
- 4.49%
- 1Y
- -11.46%
- 3Y*
- -9.86%
- 5Y*
- -7.57%
- 10Y*
- -11.84%
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RYURX vs. SH - Expense Ratio Comparison
RYURX has a 1.49% expense ratio, which is higher than SH's 0.90% expense ratio.
Return for Risk
RYURX vs. SH — Risk / Return Rank
RYURX
SH
RYURX vs. SH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse S&P 500 Strategy Fund (RYURX) and ProShares Short S&P500 (SH). 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.
| RYURX | SH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.53 | -0.63 | +0.10 |
Sortino ratioReturn per unit of downside risk | -0.63 | -0.79 | +0.15 |
Omega ratioGain probability vs. loss probability | 0.91 | 0.89 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | -0.29 | -0.45 | +0.16 |
Martin ratioReturn relative to average drawdown | -0.35 | -0.55 | +0.20 |
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
| RYURX | SH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.53 | -0.63 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.83 | -0.45 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.80 | -0.66 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.16 | -0.56 | +0.40 |
Correlation
The correlation between RYURX and SH is 0.99, 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
RYURX vs. SH - Dividend Comparison
RYURX's dividend yield for the trailing twelve months is around 3.51%, less than SH's 3.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYURX Rydex Inverse S&P 500 Strategy Fund | 3.51% | 3.82% | 6.78% | 2.79% | 0.00% | 0.00% | 0.42% | 0.86% | 0.00% | 0.00% |
SH ProShares Short S&P500 | 3.92% | 4.49% | 6.20% | 5.37% | 1.08% | 0.00% | 0.16% | 1.76% | 1.01% | 0.06% |
Drawdowns
RYURX vs. SH - Drawdown Comparison
The maximum RYURX drawdown since its inception was -99.29%, which is greater than SH's maximum drawdown of -94.26%. Use the drawdown chart below to compare losses from any high point for RYURX and SH.
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Drawdown Indicators
| RYURX | SH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.29% | -94.26% | -5.03% |
Max Drawdown (1Y)Largest decline over 1 year | -26.57% | -26.61% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -87.96% | -40.35% | -47.61% |
Max Drawdown (10Y)Largest decline over 10 years | -94.92% | -74.31% | -20.61% |
Current DrawdownCurrent decline from peak | -99.22% | -93.82% | -5.40% |
Average DrawdownAverage peak-to-trough decline | -68.88% | -67.49% | -1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.78% | 21.81% | -0.03% |
Volatility
RYURX vs. SH - Volatility Comparison
The current volatility for Rydex Inverse S&P 500 Strategy Fund (RYURX) is 4.20%, while ProShares Short S&P500 (SH) has a volatility of 5.30%. This indicates that RYURX experiences smaller price fluctuations and is considered to be less risky than SH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYURX | SH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 5.30% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 8.98% | 9.43% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.07% | 18.17% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.61% | 16.87% | +22.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.08% | 17.99% | +13.09% |