UBPIX vs. RYVYX

Last updated Jul 14, 2026

UBPIX (ProFunds UltraLatin America Fund) and RYVYX (Rydex NASDAQ-100 2x Strategy Fund) are both Leveraged Equities funds. Over the past 10 years, UBPIX returned 4.58%/yr vs 34.09%/yr for RYVYX. A 0.52 correlation means they provide meaningful diversification when combined. UBPIX charges 1.73%/yr vs 1.87%/yr for RYVYX.

Performance

UBPIX vs. RYVYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds UltraLatin America Fund (UBPIX) and Rydex NASDAQ-100 2x Strategy Fund (RYVYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with UBPIX having a 34.38% return and RYVYX slightly lower at 32.74%. Over the past 10 years, UBPIX has underperformed RYVYX with an annualized return of 4.58%, while RYVYX has yielded a comparatively higher 34.09% annualized return.

UBPIX

• 1D: 4.02%
• 1M: -3.18%
• 6M: 24.05%
• YTD: 34.38%
• 1Y: 89.12%
• 3Y*: 22.60%
• 5Y*: 13.81%
• 10Y*: 4.58%

RYVYX

• 1D: 0.61%
• 1M: 0.33%
• 6M: 27.57%
• YTD: 32.74%
• 1Y: 57.16%
• 3Y*: 45.18%
• 5Y*: 20.09%
• 10Y*: 34.09%

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

UBPIX vs. RYVYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UBPIX ProFunds UltraLatin America Fund	34.38%	88.27%	-39.96%	53.61%	9.98%	-10.66%	-50.10%	13.18%	-22.18%	46.59%
RYVYX Rydex NASDAQ-100 2x Strategy Fund	32.74%	29.54%	49.77%	116.15%	-60.57%	46.61%	88.38%	80.70%	-9.20%	68.67%

Correlation

The correlation between UBPIX and RYVYX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Oct 16, 2007	0.52

The correlation between UBPIX and RYVYX shifts across timeframes, from 0.38 (5 years) to 0.52 (all time), reflecting how their relationship changes across market environments.

Return for Risk

UBPIX vs. RYVYX — Risk / Return Rank

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

UBPIX

UBPIX Risk / Return Rank: 74
UBPIX Sharpe Ratio Rank: 82
UBPIX Sortino Ratio Rank: 68
UBPIX Omega Ratio Rank: 65
UBPIX Calmar Ratio Rank: 90
UBPIX Martin Ratio Rank: 64

RYVYX

RYVYX Risk / Return Rank: 45
RYVYX Sharpe Ratio Rank: 47
RYVYX Sortino Ratio Rank: 40
RYVYX Omega Ratio Rank: 42
RYVYX Calmar Ratio Rank: 52
RYVYX Martin Ratio Rank: 43

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.

UBPIX vs. RYVYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraLatin America Fund (UBPIX) and Rydex NASDAQ-100 2x Strategy Fund (RYVYX). 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.

	UBPIX	RYVYX	Difference
Sharpe ratio: Return per unit of total volatility	2.14	1.54	+0.60
Sortino ratio: Return per unit of downside risk	2.59	2.02	+0.57
Omega ratio: Gain probability vs. loss probability	1.33	1.26	+0.07
Calmar ratio: Return relative to maximum drawdown	3.65	2.23	+1.41
Martin ratio: Return relative to average drawdown	9.67	7.32	+2.34

UBPIX vs. RYVYX - Sharpe Ratio Comparison

The current UBPIX Sharpe Ratio is 2.14, which is higher than the RYVYX Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of UBPIX and RYVYX, 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

UBPIX vs. RYVYX - Drawdown Comparison

The maximum UBPIX drawdown since its inception was -98.57%, roughly equal to the maximum RYVYX drawdown of -95.57%. Use the drawdown chart below to compare losses from any high point for UBPIX and RYVYX.

Drawdown Indicators

	UBPIX	RYVYX	Difference
Max Drawdown Largest peak-to-trough decline	-98.57%	-95.57%	-3.00%
Max Drawdown (1Y) Largest decline over 1 year	-24.09%	-25.39%	+1.30%
Max Drawdown (3Y) Largest decline over 3 years	-44.74%	-42.48%	-2.26%
Max Drawdown (5Y) Largest decline over 5 years	-49.18%	-65.38%	+16.20%
Max Drawdown (10Y) Largest decline over 10 years	-89.02%	-65.38%	-23.64%
Current Drawdown Current decline from peak	-90.11%	-6.77%	-83.34%
Average Drawdown Average peak-to-trough decline	-84.71%	-48.99%	-35.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.08%	7.72%	+1.36%

Volatility

UBPIX vs. RYVYX - Volatility Comparison

The current volatility for ProFunds UltraLatin America Fund (UBPIX) is 11.40%, while Rydex NASDAQ-100 2x Strategy Fund (RYVYX) has a volatility of 16.87%. This indicates that UBPIX experiences smaller price fluctuations and is considered to be less risky than RYVYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UBPIX	RYVYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.40%	16.87%	-5.47%
Volatility (6M) Calculated over the trailing 6-month period	33.86%	30.36%	+3.50%
Volatility (1Y) Calculated over the trailing 1-year period	41.11%	36.83%	+4.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.98%	45.84%	+0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.63%	45.25%	+10.38%

UBPIX vs. RYVYX - Expense Ratio Comparison

UBPIX has a 1.73% expense ratio, which is lower than RYVYX's 1.87% expense ratio.

Dividends

UBPIX vs. RYVYX - Dividend Comparison

UBPIX's dividend yield for the trailing twelve months is around 3.75%, less than RYVYX's 5.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYVYX Rydex NASDAQ-100 2x Strategy Fund	5.39%	7.16%	11.52%	0.00%	0.00%	1.23%	8.91%	5.19%	0.00%	14.19%	1.63%	21.29%
UBPIX ProFunds UltraLatin America Fund	3.75%	5.03%	6.94%	4.32%	10.96%	6.00%	0.53%	1.28%	1.58%	0.22%	0.32%	0.43%

Frequently Asked Questions

Can I hold both UBPIX and RYVYX in my portfolio?

UBPIX and RYVYX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UBPIX or RYVYX?

RYVYX has higher volatility (16.87%) compared to UBPIX (11.40%). In terms of maximum drawdown, UBPIX dropped -98.57% vs RYVYX's -95.57%.

Which has better risk-adjusted returns?

UBPIX currently has the higher Sharpe Ratio (2.14 vs 1.54), 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.