RYWTX vs. CNPIX

Last updated Aug 1, 2026

RYWTX (Rydex Emerging Markets 2x Strategy Fund) and CNPIX (ProFunds Consumer Goods UltraSector Fund) are both Leveraged Equities funds. Over the past 10 years, RYWTX returned 7.62%/yr vs 13.71%/yr for CNPIX. Their 0.50 correlation means they have sometimes moved together and sometimes differently. RYWTX charges 1.82%/yr vs 1.78%/yr for CNPIX.

Performance

RYWTX vs. CNPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Emerging Markets 2x Strategy Fund (RYWTX) and ProFunds Consumer Goods UltraSector Fund (CNPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYWTX achieves a -0.15% return, which is significantly lower than CNPIX's 13.66% return. Over the past 10 years, RYWTX has underperformed CNPIX with an annualized return of 7.62%, while CNPIX has yielded a comparatively higher 13.71% annualized return.

RYWTX

• 1D: 6.70%
• 1M: 3.36%
• 6M: -12.21%
• YTD: -0.15%
• 1Y: 28.91%
• 3Y*: 18.66%
• 5Y*: 0.41%
• 10Y*: 7.62%
• ALL TIME*: -1.64%

CNPIX

• 1D: -3.18%
• 1M: 0.25%
• 6M: 2.50%
• YTD: 13.66%
• 1Y: 8.36%
• 3Y*: 4.64%
• 5Y*: -1.55%
• 10Y*: 13.71%
• ALL TIME*: 11.91%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CNPIX ProFunds Consumer Goods UltraSector Fund	$0.00	$0.00	$0.00
RYWTX Rydex Emerging Markets 2x Strategy Fund	$0.00	$0.00	$0.00

RYWTX vs. CNPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYWTX Rydex Emerging Markets 2x Strategy Fund	-0.15%	69.22%	5.96%	21.59%	-37.87%	-36.42%	45.21%	48.35%	-32.80%	74.71%
CNPIX ProFunds Consumer Goods UltraSector Fund	13.66%	-3.43%	12.77%	2.93%	-36.57%	26.52%	188.12%	40.51%	-22.66%	20.89%

Correlation

The correlation between RYWTX and CNPIX is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.08
Correlation (3Y) Balances recent behavior with more history.	0.08
Correlation (5Y) Shows whether the relationship held over a longer period.	0.31
Correlation (10Y) Provides a long-term view across more market conditions.	0.42
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011	0.50

The correlation between RYWTX and CNPIX shifts across timeframes, from -0.08 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RYWTX vs. CNPIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RYWTX

RYWTX Risk / Return Rank: 16
RYWTX Sharpe Ratio Rank: 14
RYWTX Sortino Ratio Rank: 17
RYWTX Omega Ratio Rank: 17
RYWTX Calmar Ratio Rank: 16
RYWTX Martin Ratio Rank: 13

CNPIX

CNPIX Risk / Return Rank: 10
CNPIX Sharpe Ratio Rank: 10
CNPIX Sortino Ratio Rank: 11
CNPIX Omega Ratio Rank: 10
CNPIX Calmar Ratio Rank: 12
CNPIX Martin Ratio Rank: 8

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RYWTX vs. CNPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Emerging Markets 2x Strategy Fund (RYWTX) and ProFunds Consumer Goods UltraSector Fund (CNPIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RYWTX	CNPIX	Difference
Sharpe ratio: Return per unit of total volatility	0.57	0.37	+0.21
Sortino ratio: Return per unit of downside risk	1.08	0.68	+0.40
Omega ratio: Gain probability vs. loss probability	1.13	1.08	+0.05
Calmar ratio: Return relative to maximum drawdown	0.85	0.54	+0.31
Martin ratio: Return relative to average drawdown	1.95	0.89	+1.07

RYWTX vs. CNPIX - Sharpe Ratio Comparison

The current RYWTX Sharpe Ratio is 0.57, which is higher than the CNPIX Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of RYWTX and CNPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RYWTX vs. CNPIX - Drawdown Comparison

The maximum RYWTX drawdown since its inception was -78.47%, which is greater than CNPIX's maximum drawdown of -60.04%. Use the drawdown chart below to compare losses from any high point for RYWTX and CNPIX.

Drawdown Indicators

	RYWTX	CNPIX	Difference
Max Drawdown Largest peak-to-trough decline	-78.47%	-60.04%	-18.43%
Max Drawdown (1Y) Largest decline over 1 year	-30.01%	-14.47%	-15.54%
Max Drawdown (3Y) Largest decline over 3 years	-37.38%	-17.55%	-19.83%
Max Drawdown (5Y) Largest decline over 5 years	-65.80%	-45.40%	-20.40%
Max Drawdown (10Y) Largest decline over 10 years	-78.47%	-46.56%	-31.91%
Current Drawdown Current decline from peak	-37.43%	-23.32%	-14.11%
Average Drawdown Average peak-to-trough decline	-49.71%	-13.03%	-36.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.03%	8.75%	+4.28%

Volatility

RYWTX vs. CNPIX - Volatility Comparison

Rydex Emerging Markets 2x Strategy Fund (RYWTX) has a higher volatility of 13.04% compared to ProFunds Consumer Goods UltraSector Fund (CNPIX) at 9.03%. This indicates that RYWTX's price experiences larger fluctuations and is considered to be riskier than CNPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYWTX	CNPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.04%	9.03%	+4.01%
Volatility (6M) Calculated over the trailing 6-month period	35.66%	17.36%	+18.30%
Volatility (1Y) Calculated over the trailing 1-year period	44.39%	21.15%	+23.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.19%	24.11%	+24.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.69%	40.50%	+6.19%

RYWTX vs. CNPIX - Expense Ratio Comparison

RYWTX has a 1.82% expense ratio, which is higher than CNPIX's 1.78% expense ratio.

Dividends

RYWTX vs. CNPIX - Dividend Comparison

RYWTX's dividend yield for the trailing twelve months is around 0.84%, more than CNPIX's 0.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CNPIX ProFunds Consumer Goods UltraSector Fund	0.53%	0.60%	1.55%	1.59%	0.00%	1.45%	0.00%	2.77%	1.64%	0.07%	0.00%	0.50%
RYWTX Rydex Emerging Markets 2x Strategy Fund	0.84%	0.84%	3.90%	2.14%	0.00%	0.00%	0.00%	0.58%	0.00%	0.00%	0.00%	1.59%

Frequently Asked Questions

Can I hold both RYWTX and CNPIX in my portfolio?

RYWTX and CNPIX have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYWTX or CNPIX?

RYWTX has higher volatility (13.04%) compared to CNPIX (9.03%). In terms of maximum drawdown, RYWTX dropped -78.47% vs CNPIX's -60.04%.

Which has better risk-adjusted returns?

RYWTX currently has the higher Sharpe Ratio (0.57 vs 0.37), 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.