UIPIX vs. RYCLX
UIPIX (ProFunds UltraShort Mid Cap Fund) and RYCLX (Rydex Inverse Mid-Cap Strategy Fund) are both Inverse Equities funds. Over the past 10 years, UIPIX returned -6.07%/yr vs -10.93%/yr for RYCLX. Their 0.99 correlation means they have historically moved very closely together. UIPIX charges 1.78%/yr vs 2.39%/yr for RYCLX.
Performance
UIPIX vs. RYCLX - Performance Comparison
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Returns By Period
In the year-to-date period, UIPIX achieves a -23.40% return, which is significantly lower than RYCLX's -12.87% return. Over the past 10 years, UIPIX has outperformed RYCLX with an annualized return of -6.07%, while RYCLX has yielded a comparatively lower -10.93% annualized return.
UIPIX
- 1D
- -1.61%
- 1M
- 2.33%
- 6M
- -17.33%
- YTD
- -23.40%
- 1Y
- -32.28%
- 3Y*
- -20.60%
- 5Y*
- 30.56%
- 10Y*
- -6.07%
- ALL TIME*
- -1.69%
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 |
UIPIX vs. RYCLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UIPIX ProFunds UltraShort Mid Cap Fund | -23.40% | -13.23% | -22.21% | 668.01% | 11.30% | -42.71% | -53.90% | -38.37% | 21.21% | -27.33% |
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 UIPIX and RYCLX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | 0.99 |
The correlation between UIPIX and RYCLX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
UIPIX vs. RYCLX — Risk / Return Rank
UIPIX
RYCLX
UIPIX vs. RYCLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Mid Cap Fund (UIPIX) 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.
| UIPIX | RYCLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.88 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.70 | -0.11 |
| Martin ratioReturn relative to average drawdown | -1.38 | -1.25 | -0.13 |
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Drawdowns
UIPIX vs. RYCLX - Drawdown Comparison
The maximum UIPIX drawdown since its inception was -99.84%, roughly equal to the maximum RYCLX drawdown of -95.66%. Use the drawdown chart below to compare losses from any high point for UIPIX and RYCLX.
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Drawdown Indicators
| UIPIX | RYCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.84% | -95.66% | -4.18% |
Max Drawdown (1Y)Largest decline over 1 year | -35.54% | -18.50% | -17.04% |
Max Drawdown (3Y)Largest decline over 3 years | -65.67% | -32.43% | -33.24% |
Max Drawdown (5Y)Largest decline over 5 years | -65.67% | -34.96% | -30.71% |
Max Drawdown (10Y)Largest decline over 10 years | -90.12% | -71.12% | -19.00% |
Current DrawdownCurrent decline from peak | -99.20% | -95.59% | -3.61% |
Average DrawdownAverage peak-to-trough decline | -80.87% | -70.36% | -10.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.77% | 10.37% | +10.40% |
Volatility
UIPIX vs. RYCLX - Volatility Comparison
ProFunds UltraShort Mid Cap Fund (UIPIX) has a higher volatility of 6.91% compared to Rydex Inverse Mid-Cap Strategy Fund (RYCLX) at 3.81%. This indicates that UIPIX'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
| UIPIX | RYCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 3.81% | +3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 23.23% | 11.69% | +11.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.30% | 15.80% | +15.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 418.86% | 20.50% | +398.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 297.54% | 21.42% | +276.12% |
UIPIX vs. RYCLX - Expense Ratio Comparison
UIPIX has a 1.78% expense ratio, which is lower than RYCLX's 2.39% expense ratio.
Dividends
UIPIX vs. RYCLX - Dividend Comparison
UIPIX's dividend yield for the trailing twelve months is around 3.40%, 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% |
UIPIX ProFunds UltraShort Mid Cap Fund | 3.40% | 2.60% | 0.00% | 4.74% | 0.00% | 0.00% | 0.00% | 0.48% |
Frequently Asked Questions
With a correlation of 0.98, UIPIX and RYCLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
UIPIX has higher volatility (6.91%) compared to RYCLX (3.81%). In terms of maximum drawdown, UIPIX dropped -99.84% vs RYCLX's -95.66%.
RYCLX currently has the higher Sharpe Ratio (-0.82 vs -0.92), 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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