UIPIX vs. RYCZX
UIPIX (ProFunds UltraShort Mid Cap Fund) and RYCZX (Rydex Inverse Dow 2x Strategy Fund) are both Inverse Equities funds. Over the past 10 years, UIPIX returned -7.41%/yr vs -26.35%/yr for RYCZX. Their correlation of 0.84 suggests significant overlap in exposure. UIPIX charges 1.78%/yr vs 2.70%/yr for RYCZX.
Performance
UIPIX vs. RYCZX - Performance Comparison
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Returns By Period
In the year-to-date period, UIPIX achieves a -23.76% return, which is significantly lower than RYCZX's -14.06% return. Over the past 10 years, UIPIX has outperformed RYCZX with an annualized return of -7.41%, while RYCZX has yielded a comparatively lower -26.35% annualized return.
UIPIX
- 1D
- 2.12%
- 1M
- -5.00%
- YTD
- -23.76%
- 6M
- -20.56%
- 1Y
- -33.46%
- 3Y*
- -24.77%
- 5Y*
- 30.10%
- 10Y*
- -7.41%
RYCZX
- 1D
- 0.20%
- 1M
- -4.39%
- YTD
- -14.06%
- 6M
- -11.55%
- 1Y
- -29.48%
- 3Y*
- -22.79%
- 5Y*
- -16.83%
- 10Y*
- -26.35%
UIPIX vs. RYCZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UIPIX ProFunds UltraShort Mid Cap Fund | -23.76% | -13.23% | -22.21% | 668.01% | 11.30% | -42.71% | -53.90% | -38.37% | 21.21% | -27.33% |
RYCZX Rydex Inverse Dow 2x Strategy Fund | -14.06% | -22.14% | -16.97% | -19.05% | 5.48% | -36.32% | -45.37% | -36.65% | 0.75% | -39.59% |
Correlation
The correlation between UIPIX and RYCZX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | 0.84 |
The correlation between UIPIX and RYCZX has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
UIPIX vs. RYCZX — Risk / Return Rank
UIPIX
RYCZX
UIPIX vs. RYCZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Mid Cap Fund (UIPIX) and Rydex Inverse Dow 2x Strategy Fund (RYCZX). 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 | RYCZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.80 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | -1.01 | +0.05 |
| Martin ratioReturn relative to average drawdown | -1.75 | -1.75 | +0.01 |
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Drawdowns
UIPIX vs. RYCZX - Drawdown Comparison
The maximum UIPIX drawdown since its inception was -99.84%, roughly equal to the maximum RYCZX drawdown of -99.79%. Use the drawdown chart below to compare losses from any high point for UIPIX and RYCZX.
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Drawdown Indicators
| UIPIX | RYCZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.84% | -99.79% | -0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -35.97% | -30.84% | -5.13% |
Max Drawdown (3Y)Largest decline over 3 years | -64.88% | -59.09% | -5.79% |
Max Drawdown (5Y)Largest decline over 5 years | -64.88% | -67.41% | +2.53% |
Max Drawdown (10Y)Largest decline over 10 years | -91.19% | -95.51% | +4.32% |
Current DrawdownCurrent decline from peak | -99.20% | -99.78% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -80.78% | -78.89% | -1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.05% | 19.17% | +0.88% |
Volatility
UIPIX vs. RYCZX - Volatility Comparison
ProFunds UltraShort Mid Cap Fund (UIPIX) has a higher volatility of 9.46% compared to Rydex Inverse Dow 2x Strategy Fund (RYCZX) at 8.45%. This indicates that UIPIX's price experiences larger fluctuations and is considered to be riskier than RYCZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UIPIX | RYCZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.46% | 8.45% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 23.58% | 19.71% | +3.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.57% | 24.90% | +6.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 418.87% | 29.67% | +389.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 297.66% | 35.22% | +262.44% |
UIPIX vs. RYCZX - Expense Ratio Comparison
UIPIX has a 1.78% expense ratio, which is lower than RYCZX's 2.70% expense ratio.
Dividends
UIPIX vs. RYCZX - Dividend Comparison
UIPIX's dividend yield for the trailing twelve months is around 3.42%, less than RYCZX's 6.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYCZX Rydex Inverse Dow 2x Strategy Fund | 6.84% | 5.88% | 4.32% | 1.00% | 0.00% | 0.00% | 0.05% | 0.24% |
UIPIX ProFunds UltraShort Mid Cap Fund | 3.42% | 2.60% | 0.00% | 4.74% | 0.00% | 0.00% | 0.00% | 0.48% |
Frequently Asked Questions
UIPIX and RYCZX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UIPIX has higher volatility (9.46%) compared to RYCZX (8.45%). In terms of maximum drawdown, UIPIX dropped -99.84% vs RYCZX's -99.79%.
UIPIX currently has the higher Sharpe Ratio (-1.10 vs -1.26), 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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