RYVIX vs. OEPIX

Last updated Jun 4, 2026

RYVIX (Rydex Energy Services Fund) and OEPIX (Oil Equipment & Services UltraSector ProFund) are both Energy Equities funds. Over the past 10 years, RYVIX returned -1.89%/yr vs -20.53%/yr for OEPIX. With a 0.98 correlation, they move nearly in lockstep. RYVIX charges 1.36%/yr vs 1.65%/yr for OEPIX.

Performance

RYVIX vs. OEPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Energy Services Fund (RYVIX) and Oil Equipment & Services UltraSector ProFund (OEPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYVIX achieves a 50.22% return, which is significantly lower than OEPIX's 81.75% return. Over the past 10 years, RYVIX has outperformed OEPIX with an annualized return of -1.89%, while OEPIX has yielded a comparatively lower -20.53% annualized return.

RYVIX

• 1D: 2.41%
• 1M: -3.19%
• YTD: 50.22%
• 6M: 44.36%
• 1Y: 89.06%
• 3Y*: 18.22%
• 5Y*: 10.82%
• 10Y*: -1.89%

OEPIX

• 1D: 3.49%
• 1M: -6.31%
• YTD: 81.75%
• 6M: 68.33%
• 1Y: 159.80%
• 3Y*: 20.79%
• 5Y*: 11.85%
• 10Y*: -20.53%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RYVIX vs. OEPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYVIX Rydex Energy Services Fund	50.22%	2.29%	-7.73%	4.45%	43.02%	17.12%	-36.94%	-0.41%	-45.58%	-18.85%
OEPIX Oil Equipment & Services UltraSector ProFund	81.75%	-1.85%	-15.41%	-3.76%	88.50%	14.90%	-91.88%	-4.45%	-58.58%	-22.70%

Correlation

The correlation between RYVIX and OEPIX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jun 6, 2006	0.98

The correlation between RYVIX and OEPIX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

Return for Risk

RYVIX vs. OEPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RYVIX

RYVIX Risk / Return Rank: 90
RYVIX Sharpe Ratio Rank: 95
RYVIX Sortino Ratio Rank: 83
RYVIX Omega Ratio Rank: 75
RYVIX Calmar Ratio Rank: 99
RYVIX Martin Ratio Rank: 97

OEPIX

OEPIX Risk / Return Rank: 91
OEPIX Sharpe Ratio Rank: 98
OEPIX Sortino Ratio Rank: 84
OEPIX Omega Ratio Rank: 75
OEPIX Calmar Ratio Rank: 99
OEPIX Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RYVIX vs. OEPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Energy Services Fund (RYVIX) and Oil Equipment & Services UltraSector ProFund (OEPIX). 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.

	RYVIX	OEPIX	Difference
Sharpe ratio: Return per unit of total volatility	3.33	3.89	-0.55
Sortino ratio: Return per unit of downside risk	3.97	3.97	0.00
Omega ratio: Gain probability vs. loss probability	1.50	1.49	0.00
Calmar ratio: Return relative to maximum drawdown	10.21	12.15	-1.94
Martin ratio: Return relative to average drawdown	25.93	32.28	-6.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYVIX vs. OEPIX - Sharpe Ratio Comparison

The current RYVIX Sharpe Ratio is 3.33, which is comparable to the OEPIX Sharpe Ratio of 3.89. The chart below compares the historical Sharpe Ratios of RYVIX and OEPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RYVIX	OEPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.33	3.89	-0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.21	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.05	-0.31	+0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	-0.24	+0.29

Drawdowns

RYVIX vs. OEPIX - Drawdown Comparison

The maximum RYVIX drawdown since its inception was -94.06%, smaller than the maximum OEPIX drawdown of -99.30%. Use the drawdown chart below to compare losses from any high point for RYVIX and OEPIX.

Drawdown Indicators

	RYVIX	OEPIX	Difference
Max Drawdown Largest peak-to-trough decline	-94.06%	-99.30%	+5.24%
Max Drawdown (1Y) Largest decline over 1 year	-9.43%	-14.61%	+5.18%
Max Drawdown (3Y) Largest decline over 3 years	-43.86%	-65.50%	+21.64%
Max Drawdown (5Y) Largest decline over 5 years	-43.86%	-65.50%	+21.64%
Max Drawdown (10Y) Largest decline over 10 years	-88.04%	-97.79%	+9.75%
Current Drawdown Current decline from peak	-67.62%	-97.64%	+30.02%
Average Drawdown Average peak-to-trough decline	-46.18%	-72.06%	+25.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.70%	5.49%	-1.79%

Volatility

RYVIX vs. OEPIX - Volatility Comparison

The current volatility for Rydex Energy Services Fund (RYVIX) is 8.03%, while Oil Equipment & Services UltraSector ProFund (OEPIX) has a volatility of 12.21%. This indicates that RYVIX experiences smaller price fluctuations and is considered to be less risky than OEPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYVIX	OEPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.03%	12.21%	-4.18%
Volatility (6M) Calculated over the trailing 6-month period	19.79%	30.54%	-10.75%
Volatility (1Y) Calculated over the trailing 1-year period	28.90%	45.72%	-16.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.08%	56.76%	-21.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.33%	66.63%	-26.30%

RYVIX vs. OEPIX - Expense Ratio Comparison

RYVIX has a 1.36% expense ratio, which is lower than OEPIX's 1.65% expense ratio.

Dividends

RYVIX vs. OEPIX - Dividend Comparison

RYVIX's dividend yield for the trailing twelve months is around 0.36%, less than OEPIX's 0.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OEPIX Oil Equipment & Services UltraSector ProFund	0.48%	0.87%	0.00%	0.00%	0.00%	0.00%	0.16%	0.00%	2.56%	2.36%	0.05%	0.00%
RYVIX Rydex Energy Services Fund	0.36%	0.54%	0.00%	0.00%	0.00%	0.30%	1.30%	0.11%	1.48%	0.88%	0.71%	1.19%

Frequently Asked Questions

Can I hold both RYVIX and OEPIX in my portfolio?

With a correlation of 0.99, RYVIX and OEPIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, RYVIX or OEPIX?

OEPIX has higher volatility (12.21%) compared to RYVIX (8.03%). In terms of maximum drawdown, RYVIX dropped -94.06% vs OEPIX's -99.30%.

Which has better risk-adjusted returns?

OEPIX currently has the higher Sharpe Ratio (3.89 vs 3.33), 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.