SHPIX vs. RYCLX
SHPIX (ProFunds Short Small Cap ProFund) and RYCLX (Rydex Inverse Mid-Cap Strategy Fund) are both Inverse Equities funds. Over the past 10 years, SHPIX returned 9.98%/yr vs -10.93%/yr for RYCLX. Their correlation of 0.95 means they have usually moved in the same direction. SHPIX charges 1.78%/yr vs 2.39%/yr for RYCLX.
Performance
SHPIX vs. RYCLX - Performance Comparison
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Returns By Period
In the year-to-date period, SHPIX achieves a -15.64% return, which is significantly lower than RYCLX's -12.87% return. Over the past 10 years, SHPIX has outperformed RYCLX with an annualized return of 9.98%, while RYCLX has yielded a comparatively lower -10.93% annualized return.
SHPIX
- 1D
- -1.37%
- 1M
- 1.92%
- 6M
- -11.34%
- YTD
- -15.64%
- 1Y
- -25.87%
- 3Y*
- 11.75%
- 5Y*
- 47.30%
- 10Y*
- 9.98%
- ALL TIME*
- -5.32%
RYCLX
- 1D
- -0.88%
- 1M
- 0.19%
- 6M
- -9.12%
- YTD
- -12.87%
- 1Y
- -15.27%
- 3Y*
- -6.53%
- 5Y*
- -5.66%
- 10Y*
- -10.93%
- ALL TIME*
- -12.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SHPIX vs. RYCLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHPIX ProFunds Short Small Cap ProFund | -15.64% | -9.61% | 83.27% | 344.97% | 16.39% | -19.78% | -31.60% | -20.89% | 9.96% | -14.49% |
RYCLX Rydex Inverse Mid-Cap Strategy Fund | -12.87% | -1.04% | -5.59% | -8.75% | 8.93% | -24.21% | -25.53% | -21.03% | 11.39% | -14.94% |
Correlation
The correlation between SHPIX and RYCLX is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | 0.95 |
The correlation between SHPIX and RYCLX has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
SHPIX vs. RYCLX — Risk / Return Rank
SHPIX
RYCLX
SHPIX vs. RYCLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Short Small Cap ProFund (SHPIX) and Rydex Inverse Mid-Cap Strategy Fund (RYCLX). 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.
| SHPIX | RYCLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.88 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | -0.70 | -0.15 |
| Martin ratioReturn relative to average drawdown | -1.36 | -1.25 | -0.11 |
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Drawdowns
SHPIX vs. RYCLX - Drawdown Comparison
The maximum SHPIX drawdown since its inception was -96.86%, roughly equal to the maximum RYCLX drawdown of -95.66%. Use the drawdown chart below to compare losses from any high point for SHPIX and RYCLX.
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Drawdown Indicators
| SHPIX | RYCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.86% | -95.66% | -1.20% |
Max Drawdown (1Y)Largest decline over 1 year | -27.97% | -18.50% | -9.47% |
Max Drawdown (3Y)Largest decline over 3 years | -41.50% | -32.43% | -9.07% |
Max Drawdown (5Y)Largest decline over 5 years | -41.50% | -34.96% | -6.54% |
Max Drawdown (10Y)Largest decline over 10 years | -68.01% | -71.12% | +3.11% |
Current DrawdownCurrent decline from peak | -75.54% | -95.59% | +20.05% |
Average DrawdownAverage peak-to-trough decline | -74.99% | -70.36% | -4.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.35% | 10.37% | +6.98% |
Volatility
SHPIX vs. RYCLX - Volatility Comparison
ProFunds Short Small Cap ProFund (SHPIX) and Rydex Inverse Mid-Cap Strategy Fund (RYCLX) have volatilities of 3.81% and 3.81%, 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
| SHPIX | RYCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 3.81% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 11.69% | +2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.37% | 15.80% | +3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 189.00% | 20.50% | +168.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 134.62% | 21.42% | +113.20% |
SHPIX vs. RYCLX - Expense Ratio Comparison
SHPIX has a 1.78% expense ratio, which is lower than RYCLX's 2.39% expense ratio.
Dividends
SHPIX vs. RYCLX - Dividend Comparison
SHPIX's dividend yield for the trailing twelve months is around 32.81%, less than RYCLX's 37.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYCLX Rydex Inverse Mid-Cap Strategy Fund | 37.88% | 33.01% | 25.75% | 9.12% | 0.00% | 0.00% | 0.76% | 0.89% |
SHPIX ProFunds Short Small Cap ProFund | 32.81% | 5.70% | 0.00% | 17.01% | 0.00% | 0.00% | 0.00% | 0.85% |
Frequently Asked Questions
SHPIX and RYCLX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYCLX has higher volatility (3.81%) compared to SHPIX (3.81%). In terms of maximum drawdown, SHPIX dropped -96.86% vs RYCLX's -95.66%.
RYCLX currently has the higher Sharpe Ratio (-0.82 vs -1.23), 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.
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