ULPIX vs. RYNVX
Compare and contrast key facts about ProFunds UltraBull Fund (ULPIX) and Rydex Nova Fund (RYNVX).
ULPIX is managed by ProFunds. It was launched on Nov 25, 1997. RYNVX is managed by Rydex Funds. It was launched on Jul 11, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ULPIX or RYNVX.
Key characteristics
| ULPIX | RYNVX | |
|---|---|---|
| YTD Return | 49.32% | 37.72% |
| 1Y Return | 73.05% | 54.33% |
| 3Y Return (Ann) | 7.39% | 0.05% |
| 5Y Return (Ann) | 15.62% | 12.24% |
| 10Y Return (Ann) | 16.16% | 12.47% |
| Sharpe Ratio | 3.08 | 3.13 |
| Sortino Ratio | 3.52 | 3.92 |
| Omega Ratio | 1.53 | 1.55 |
| Calmar Ratio | 2.47 | 1.62 |
| Martin Ratio | 19.87 | 19.71 |
| Ulcer Index | 3.95% | 2.94% |
| Daily Std Dev | 25.35% | 18.40% |
| Max Drawdown | -89.55% | -76.54% |
| Current Drawdown | 0.00% | -0.58% |
Correlation
The correlation between ULPIX and RYNVX is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ULPIX vs. RYNVX - Performance Comparison
In the year-to-date period, ULPIX achieves a 49.32% return, which is significantly higher than RYNVX's 37.72% return. Over the past 10 years, ULPIX has outperformed RYNVX with an annualized return of 16.16%, while RYNVX has yielded a comparatively lower 12.47% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ULPIX vs. RYNVX - Expense Ratio Comparison
ULPIX has a 1.46% expense ratio, which is higher than RYNVX's 1.23% expense ratio.
Risk-Adjusted Performance
ULPIX vs. RYNVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraBull Fund (ULPIX) and Rydex Nova Fund (RYNVX). 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.
Dividends
ULPIX vs. RYNVX - Dividend Comparison
ULPIX's dividend yield for the trailing twelve months is around 0.60%, more than RYNVX's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ULPIX ProFunds UltraBull Fund | 0.60% | 0.02% | 0.00% | 0.00% | 0.49% | 0.42% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% |
RYNVX Rydex Nova Fund | 0.43% | 0.59% | 0.00% | 0.00% | 0.53% | 0.00% | 0.00% | 0.03% | 0.04% | 0.13% | 0.10% |
Drawdowns
ULPIX vs. RYNVX - Drawdown Comparison
The maximum ULPIX drawdown since its inception was -89.55%, which is greater than RYNVX's maximum drawdown of -76.54%. Use the drawdown chart below to compare losses from any high point for ULPIX and RYNVX. For additional features, visit the drawdowns tool.
Volatility
ULPIX vs. RYNVX - Volatility Comparison
ProFunds UltraBull Fund (ULPIX) has a higher volatility of 7.77% compared to Rydex Nova Fund (RYNVX) at 5.79%. This indicates that ULPIX's price experiences larger fluctuations and is considered to be riskier than RYNVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.