SHPIX vs. RYVNX
SHPIX (ProFunds Short Small Cap ProFund) and RYVNX (Rydex Inverse NASDAQ-100 2x Strategy Fund) are both Inverse Equities funds. Over the past 10 years, SHPIX returned 9.98%/yr vs -37.52%/yr for RYVNX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. SHPIX charges 1.78%/yr vs 2.49%/yr for RYVNX.
Performance
SHPIX vs. RYVNX - Performance Comparison
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Returns By Period
In the year-to-date period, SHPIX achieves a -15.64% return, which is significantly higher than RYVNX's -22.02% return. Over the past 10 years, SHPIX has outperformed RYVNX with an annualized return of 9.98%, while RYVNX has yielded a comparatively lower -37.52% 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%
RYVNX
- 1D
- -6.50%
- 1M
- 8.24%
- 6M
- -20.47%
- YTD
- -22.02%
- 1Y
- -36.09%
- 3Y*
- -33.31%
- 5Y*
- -28.38%
- 10Y*
- -37.52%
- ALL TIME*
- -31.17%
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. RYVNX - 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% |
RYVNX Rydex Inverse NASDAQ-100 2x Strategy Fund | -22.02% | -35.24% | -34.30% | -57.09% | 65.14% | -45.41% | -69.71% | -50.05% | -9.71% | -44.28% |
Correlation
The correlation between SHPIX and RYVNX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2003 | 0.77 |
The correlation between SHPIX and RYVNX shifts across timeframes, from 0.66 (3 years) to 0.77 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SHPIX vs. RYVNX — Risk / Return Rank
SHPIX
RYVNX
SHPIX vs. RYVNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Short Small Cap ProFund (SHPIX) and Rydex Inverse NASDAQ-100 2x Strategy Fund (RYVNX). 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 | RYVNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.87 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | -0.73 | -0.12 |
| Martin ratioReturn relative to average drawdown | -1.36 | -1.33 | -0.03 |
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Drawdowns
SHPIX vs. RYVNX - Drawdown Comparison
The maximum SHPIX drawdown since its inception was -96.86%, roughly equal to the maximum RYVNX drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SHPIX and RYVNX.
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Drawdown Indicators
| SHPIX | RYVNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.86% | -100.00% | +3.14% |
Max Drawdown (1Y)Largest decline over 1 year | -27.97% | -45.22% | +17.25% |
Max Drawdown (3Y)Largest decline over 3 years | -41.50% | -79.81% | +38.31% |
Max Drawdown (5Y)Largest decline over 5 years | -41.50% | -88.89% | +47.39% |
Max Drawdown (10Y)Largest decline over 10 years | -68.01% | -99.24% | +31.23% |
Current DrawdownCurrent decline from peak | -75.54% | -100.00% | +24.46% |
Average DrawdownAverage peak-to-trough decline | -74.99% | -89.62% | +14.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.35% | 24.59% | -7.24% |
Volatility
SHPIX vs. RYVNX - Volatility Comparison
The current volatility for ProFunds Short Small Cap ProFund (SHPIX) is 3.81%, while Rydex Inverse NASDAQ-100 2x Strategy Fund (RYVNX) has a volatility of 13.77%. This indicates that SHPIX experiences smaller price fluctuations and is considered to be less risky than RYVNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHPIX | RYVNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 13.77% | -9.96% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 32.02% | -17.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.37% | 38.72% | -19.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 189.00% | 46.13% | +142.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 134.62% | 45.47% | +89.15% |
SHPIX vs. RYVNX - Expense Ratio Comparison
SHPIX has a 1.78% expense ratio, which is lower than RYVNX's 2.49% expense ratio.
Dividends
SHPIX vs. RYVNX - Dividend Comparison
SHPIX's dividend yield for the trailing twelve months is around 32.81%, more than RYVNX's 13.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYVNX Rydex Inverse NASDAQ-100 2x Strategy Fund | 13.62% | 10.62% | 6.03% | 4.56% | 0.00% | 0.00% | 0.25% | 0.03% |
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 RYVNX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYVNX has higher volatility (13.77%) compared to SHPIX (3.81%). In terms of maximum drawdown, SHPIX dropped -96.86% vs RYVNX's -100.00%.
RYVNX currently has the higher Sharpe Ratio (-0.85 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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