UHPIX vs. RYCLX
UHPIX (ProFunds UltraShort China) and RYCLX (Rydex Inverse Mid-Cap Strategy Fund) are both Inverse Equities funds. Over the past 10 years, UHPIX returned -30.99%/yr vs -11.05%/yr for RYCLX. Their 0.58 correlation means they have sometimes moved together and sometimes differently. UHPIX charges 1.78%/yr vs 2.39%/yr for RYCLX.
Performance
UHPIX vs. RYCLX - Performance Comparison
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Returns By Period
In the year-to-date period, UHPIX achieves a 20.85% return, which is significantly higher than RYCLX's -13.08% return. Over the past 10 years, UHPIX has underperformed RYCLX with an annualized return of -30.99%, while RYCLX has yielded a comparatively higher -11.05% annualized return.
UHPIX
- 1D
- -3.41%
- 1M
- -21.05%
- 6M
- 28.14%
- YTD
- 20.85%
- 1Y
- -1.04%
- 3Y*
- -21.49%
- 5Y*
- -31.18%
- 10Y*
- -30.99%
- ALL TIME*
- -30.65%
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 |
UHPIX vs. RYCLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UHPIX ProFunds UltraShort China | 20.85% | -49.82% | -29.87% | -26.13% | -63.62% | 94.89% | -64.76% | -43.34% | 39.47% | -57.67% |
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 UHPIX and RYCLX is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.41 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2008 | 0.58 |
Over the past year, the correlation between UHPIX and RYCLX has dropped to 0.32 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
UHPIX vs. RYCLX — Risk / Return Rank
UHPIX
RYCLX
UHPIX vs. RYCLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort China (UHPIX) 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.
| UHPIX | RYCLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.86 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | -0.77 | +0.84 |
| Martin ratioReturn relative to average drawdown | 0.15 | -1.36 | +1.51 |
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Drawdowns
UHPIX vs. RYCLX - Drawdown Comparison
The maximum UHPIX drawdown since its inception was -99.98%, roughly equal to the maximum RYCLX drawdown of -95.66%. Use the drawdown chart below to compare losses from any high point for UHPIX and RYCLX.
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Drawdown Indicators
| UHPIX | RYCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -95.66% | -4.32% |
Max Drawdown (1Y)Largest decline over 1 year | -39.69% | -18.50% | -21.19% |
Max Drawdown (3Y)Largest decline over 3 years | -80.64% | -32.43% | -48.21% |
Max Drawdown (5Y)Largest decline over 5 years | -96.64% | -34.96% | -61.68% |
Max Drawdown (10Y)Largest decline over 10 years | -98.49% | -71.12% | -27.37% |
Current DrawdownCurrent decline from peak | -99.96% | -95.60% | -4.36% |
Average DrawdownAverage peak-to-trough decline | -93.46% | -70.36% | -23.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.19% | 10.42% | +10.77% |
Volatility
UHPIX vs. RYCLX - Volatility Comparison
ProFunds UltraShort China (UHPIX) has a higher volatility of 13.79% compared to Rydex Inverse Mid-Cap Strategy Fund (RYCLX) at 3.73%. This indicates that UHPIX'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
| UHPIX | RYCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.79% | 3.73% | +10.06% |
Volatility (6M)Calculated over the trailing 6-month period | 38.31% | 11.69% | +26.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.45% | 15.78% | +37.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.00% | 20.49% | +61.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 228.56% | 21.42% | +207.14% |
UHPIX vs. RYCLX - Expense Ratio Comparison
UHPIX has a 1.78% expense ratio, which is lower than RYCLX's 2.39% expense ratio.
Dividends
UHPIX vs. RYCLX - Dividend Comparison
UHPIX's dividend yield for the trailing twelve months is around 3.55%, 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% |
UHPIX ProFunds UltraShort China | 3.55% | 4.29% | 0.00% | 3.45% | 0.00% | 0.00% | 0.00% | 0.55% |
Frequently Asked Questions
UHPIX and RYCLX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UHPIX has higher volatility (13.79%) compared to RYCLX (3.73%). In terms of maximum drawdown, UHPIX dropped -99.98% vs RYCLX's -95.66%.
UHPIX currently has the higher Sharpe Ratio (0.06 vs -0.90), 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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