UNPIX vs. RYEUX

Last updated Jun 4, 2026

UNPIX (ProFunds Ultra International Fund) and RYEUX (Rydex Europe 1.25x Strategy Fund) are both Leveraged Equities funds. Over the past 10 years, UNPIX returned 8.87%/yr vs 8.19%/yr for RYEUX. Their correlation of 0.94 suggests significant overlap in exposure. UNPIX charges 1.78%/yr vs 1.69%/yr for RYEUX.

Performance

UNPIX vs. RYEUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds Ultra International Fund (UNPIX) and Rydex Europe 1.25x Strategy Fund (RYEUX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UNPIX achieves a 14.13% return, which is significantly higher than RYEUX's 6.21% return. Over the past 10 years, UNPIX has outperformed RYEUX with an annualized return of 8.87%, while RYEUX has yielded a comparatively lower 8.19% annualized return.

UNPIX

• 1D: 1.25%
• 1M: 7.90%
• YTD: 14.13%
• 6M: 18.92%
• 1Y: 35.19%
• 3Y*: 22.40%
• 5Y*: 6.87%
• 10Y*: 8.87%

RYEUX

• 1D: 0.55%
• 1M: 4.52%
• YTD: 6.21%
• 6M: 8.69%
• 1Y: 19.06%
• 3Y*: 13.17%
• 5Y*: 8.13%
• 10Y*: 8.19%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UNPIX vs. RYEUX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UNPIX ProFunds Ultra International Fund	14.13%	54.47%	-3.82%	26.46%	-33.77%	18.21%	-0.11%	38.95%	-31.46%	48.19%
RYEUX Rydex Europe 1.25x Strategy Fund	6.21%	32.95%	-2.61%	19.53%	-12.87%	18.73%	0.35%	29.80%	-18.72%	28.14%

Correlation

The correlation between UNPIX and RYEUX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Apr 20, 2006	0.94

The correlation between UNPIX and RYEUX has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

UNPIX vs. RYEUX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UNPIX

UNPIX Risk / Return Rank: 17
UNPIX Sharpe Ratio Rank: 15
UNPIX Sortino Ratio Rank: 16
UNPIX Omega Ratio Rank: 15
UNPIX Calmar Ratio Rank: 18
UNPIX Martin Ratio Rank: 19

RYEUX

RYEUX Risk / Return Rank: 13
RYEUX Sharpe Ratio Rank: 12
RYEUX Sortino Ratio Rank: 12
RYEUX Omega Ratio Rank: 12
RYEUX Calmar Ratio Rank: 13
RYEUX Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UNPIX vs. RYEUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Ultra International Fund (UNPIX) and Rydex Europe 1.25x Strategy Fund (RYEUX). 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.

	UNPIX	RYEUX	Difference
Sharpe ratio: Return per unit of total volatility	1.09	0.93	+0.16
Sortino ratio: Return per unit of downside risk	1.63	1.41	+0.22
Omega ratio: Gain probability vs. loss probability	1.20	1.17	+0.03
Calmar ratio: Return relative to maximum drawdown	1.51	1.20	+0.31
Martin ratio: Return relative to average drawdown	5.13	4.05	+1.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UNPIX vs. RYEUX - Sharpe Ratio Comparison

The current UNPIX Sharpe Ratio is 1.09, which is comparable to the RYEUX Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of UNPIX and RYEUX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UNPIX	RYEUX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	0.93	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.39	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	0.36	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.04	-0.04

Drawdowns

UNPIX vs. RYEUX - Drawdown Comparison

The maximum UNPIX drawdown since its inception was -89.25%, which is greater than RYEUX's maximum drawdown of -76.19%. Use the drawdown chart below to compare losses from any high point for UNPIX and RYEUX.

Drawdown Indicators

	UNPIX	RYEUX	Difference
Max Drawdown Largest peak-to-trough decline	-89.25%	-76.19%	-13.06%
Max Drawdown (1Y) Largest decline over 1 year	-21.99%	-15.24%	-6.75%
Max Drawdown (3Y) Largest decline over 3 years	-27.49%	-18.54%	-8.95%
Max Drawdown (5Y) Largest decline over 5 years	-54.38%	-33.39%	-20.99%
Max Drawdown (10Y) Largest decline over 10 years	-64.27%	-42.08%	-22.19%
Current Drawdown Current decline from peak	-26.85%	-4.02%	-22.83%
Average Drawdown Average peak-to-trough decline	-56.56%	-37.33%	-19.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.46%	4.50%	+1.96%

Volatility

UNPIX vs. RYEUX - Volatility Comparison

ProFunds Ultra International Fund (UNPIX) has a higher volatility of 10.42% compared to Rydex Europe 1.25x Strategy Fund (RYEUX) at 7.42%. This indicates that UNPIX's price experiences larger fluctuations and is considered to be riskier than RYEUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UNPIX	RYEUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.42%	7.42%	+3.00%
Volatility (6M) Calculated over the trailing 6-month period	25.24%	16.30%	+8.94%
Volatility (1Y) Calculated over the trailing 1-year period	30.55%	19.59%	+10.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.58%	21.03%	+12.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.21%	22.59%	+12.62%

UNPIX vs. RYEUX - Expense Ratio Comparison

UNPIX has a 1.78% expense ratio, which is higher than RYEUX's 1.69% expense ratio.

Dividends

UNPIX vs. RYEUX - Dividend Comparison

UNPIX's dividend yield for the trailing twelve months is around 0.29%, less than RYEUX's 5.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYEUX Rydex Europe 1.25x Strategy Fund	5.61%	5.95%	12.32%	0.67%	0.00%	0.00%	5.03%	0.46%	8.58%	0.25%	0.91%	0.15%
UNPIX ProFunds Ultra International Fund	0.29%	0.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UNPIX and RYEUX in my portfolio?

With a correlation of 0.94, UNPIX and RYEUX 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.

Which is riskier, UNPIX or RYEUX?

UNPIX has higher volatility (10.42%) compared to RYEUX (7.42%). In terms of maximum drawdown, UNPIX dropped -89.25% vs RYEUX's -76.19%.

Which has better risk-adjusted returns?

UNPIX currently has the higher Sharpe Ratio (1.09 vs 0.93), 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.