UCPIX vs. RYCLX
UCPIX (ProFunds UltraShort Small Cap Fund) and RYCLX (Rydex Inverse Mid-Cap Strategy Fund) are both Inverse Equities funds. Over the past 10 years, UCPIX returned -9.05%/yr vs -11.05%/yr for RYCLX. Their correlation of 0.95 means they have usually moved in the same direction. UCPIX charges 1.78%/yr vs 2.39%/yr for RYCLX.
Performance
UCPIX vs. RYCLX - Performance Comparison
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Returns By Period
In the year-to-date period, UCPIX achieves a -30.00% return, which is significantly lower than RYCLX's -13.08% return. Over the past 10 years, UCPIX has outperformed RYCLX with an annualized return of -9.05%, while RYCLX has yielded a comparatively lower -11.05% annualized return.
UCPIX
- 1D
- 1.01%
- 1M
- 4.75%
- 6M
- -20.81%
- YTD
- -30.00%
- 1Y
- -47.36%
- 3Y*
- 58.84%
- 5Y*
- 29.32%
- 10Y*
- -9.05%
- ALL TIME*
- -20.02%
RYCLX
- 1D
- -0.23%
- 1M
- -0.05%
- 6M
- -8.56%
- YTD
- -13.08%
- 1Y
- -15.47%
- 3Y*
- -6.69%
- 5Y*
- -5.70%
- 10Y*
- -11.05%
- ALL TIME*
- -12.04%
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 |
UCPIX vs. RYCLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UCPIX ProFunds UltraShort Small Cap Fund | -30.00% | -25.76% | 707.30% | -26.54% | 28.08% | -36.02% | -60.58% | -38.99% | 17.86% | -27.19% |
RYCLX Rydex Inverse Mid-Cap Strategy Fund | -13.08% | -1.04% | -5.59% | -8.75% | 8.93% | -24.21% | -25.53% | -21.03% | 11.39% | -14.94% |
Correlation
The correlation between UCPIX 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. | 0.95 |
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 UCPIX 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
UCPIX vs. RYCLX — Risk / Return Rank
UCPIX
RYCLX
UCPIX vs. RYCLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Small Cap Fund (UCPIX) 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.
| UCPIX | RYCLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 0.86 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | -0.77 | -0.13 |
| Martin ratioReturn relative to average drawdown | -1.36 | -1.36 | 0.00 |
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Drawdowns
UCPIX vs. RYCLX - Drawdown Comparison
The maximum UCPIX drawdown since its inception was -99.90%, roughly equal to the maximum RYCLX drawdown of -95.66%. Use the drawdown chart below to compare losses from any high point for UCPIX and RYCLX.
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Drawdown Indicators
| UCPIX | RYCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.90% | -95.66% | -4.24% |
Max Drawdown (1Y)Largest decline over 1 year | -48.54% | -18.50% | -30.04% |
Max Drawdown (3Y)Largest decline over 3 years | -68.91% | -32.43% | -36.48% |
Max Drawdown (5Y)Largest decline over 5 years | -68.91% | -34.96% | -33.95% |
Max Drawdown (10Y)Largest decline over 10 years | -92.98% | -71.12% | -21.86% |
Current DrawdownCurrent decline from peak | -99.46% | -95.60% | -3.86% |
Average DrawdownAverage peak-to-trough decline | -84.07% | -70.36% | -13.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.19% | 10.42% | +22.77% |
Volatility
UCPIX vs. RYCLX - Volatility Comparison
ProFunds UltraShort Small Cap Fund (UCPIX) has a higher volatility of 7.70% compared to Rydex Inverse Mid-Cap Strategy Fund (RYCLX) at 3.73%. This indicates that UCPIX's price experiences larger fluctuations and is considered to be riskier than RYCLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCPIX | RYCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.70% | 3.73% | +3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 28.42% | 11.69% | +16.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.81% | 15.78% | +23.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 400.06% | 20.49% | +379.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 284.69% | 21.42% | +263.27% |
UCPIX vs. RYCLX - Expense Ratio Comparison
UCPIX has a 1.78% expense ratio, which is lower than RYCLX's 2.39% expense ratio.
Dividends
UCPIX vs. RYCLX - Dividend Comparison
UCPIX's dividend yield for the trailing twelve months is around 6.59%, less than RYCLX's 37.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYCLX Rydex Inverse Mid-Cap Strategy Fund | 37.97% | 33.01% | 25.75% | 9.12% | 0.00% | 0.00% | 0.76% | 0.89% |
UCPIX ProFunds UltraShort Small Cap Fund | 6.59% | 4.61% | 4.24% | 4.77% | 0.00% | 0.00% | 0.00% | 0.30% |
Frequently Asked Questions
UCPIX 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.
UCPIX has higher volatility (7.70%) compared to RYCLX (3.73%). In terms of maximum drawdown, UCPIX dropped -99.90% vs RYCLX's -95.66%.
RYCLX currently has the higher Sharpe Ratio (-0.90 vs -1.17), 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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