UOPIX vs. RMQAX

Last updated Apr 1, 2026

Compare and contrast key facts about ProFunds UltraNASDAQ-100 Fund (UOPIX) and Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX).

UOPIX is managed by ProFunds. It was launched on Nov 30, 1997. RMQAX is managed by Rydex Funds. It was launched on Nov 27, 2014.

Performance

UOPIX vs. RMQAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds UltraNASDAQ-100 Fund (UOPIX) and Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX). The values are adjusted to include any dividend payments, if applicable.

UOPIX vs. RMQAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UOPIX ProFunds UltraNASDAQ-100 Fund	-18.95%	30.26%	41.75%	115.97%	-60.70%	48.28%	86.57%	80.53%	-9.41%	68.58%
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund	-19.02%	33.92%	44.76%	115.91%	-59.93%	56.36%	101.06%	80.80%	-7.28%	69.80%

Returns By Period

The year-to-date returns for both stocks are quite close, with UOPIX having a -18.95% return and RMQAX slightly lower at -19.02%. Over the past 10 years, UOPIX has underperformed RMQAX with an annualized return of 27.11%, while RMQAX has yielded a comparatively higher 30.14% annualized return.

UOPIX

• 1D: -1.59%
• 1M: -16.01%
• YTD: -18.95%
• 6M: -16.55%
• 1Y: 28.80%
• 3Y*: 31.70%
• 5Y*: 13.21%
• 10Y*: 27.11%

RMQAX

• 1D: -1.68%
• 1M: -16.37%
• YTD: -19.02%
• 6M: -16.53%
• 1Y: 31.63%
• 3Y*: 33.85%
• 5Y*: 15.55%
• 10Y*: 30.14%

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

UOPIX vs. RMQAX - Expense Ratio Comparison

UOPIX has a 1.47% expense ratio, which is higher than RMQAX's 1.32% expense ratio.

UOPIX

ProFunds UltraNASDAQ-100 Fund

RMQAX

Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund

Return for Risk

UOPIX vs. RMQAX — Risk / Return Rank

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

UOPIX

UOPIX Risk / Return Rank: 32
UOPIX Sharpe Ratio Rank: 28
UOPIX Sortino Ratio Rank: 38
UOPIX Omega Ratio Rank: 37
UOPIX Calmar Ratio Rank: 32
UOPIX Martin Ratio Rank: 28

RMQAX

RMQAX Risk / Return Rank: 36
RMQAX Sharpe Ratio Rank: 29
RMQAX Sortino Ratio Rank: 43
RMQAX Omega Ratio Rank: 42
RMQAX Calmar Ratio Rank: 36
RMQAX Martin Ratio Rank: 31

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.

UOPIX vs. RMQAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraNASDAQ-100 Fund (UOPIX) and Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX). 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.

	UOPIX	RMQAX	Difference
Sharpe ratio Return per unit of total volatility	0.64	0.67	-0.03
Sortino ratio Return per unit of downside risk	1.19	1.28	-0.09
Omega ratio Gain probability vs. loss probability	1.17	1.18	-0.01
Calmar ratio Return relative to maximum drawdown	0.88	0.96	-0.08
Martin ratio Return relative to average drawdown	2.94	3.36	-0.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UOPIX vs. RMQAX - Sharpe Ratio Comparison

The current UOPIX Sharpe Ratio is 0.64, which is comparable to the RMQAX Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of UOPIX and RMQAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UOPIX	RMQAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	0.67	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.34	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.65	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.62	-0.53

Correlation

The correlation between UOPIX and RMQAX is 0.99, 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.

Dividends

UOPIX vs. RMQAX - Dividend Comparison

UOPIX's dividend yield for the trailing twelve months is around 22.54%, less than RMQAX's 44.79% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
UOPIX ProFunds UltraNASDAQ-100 Fund	22.54%	18.27%	0.41%	0.00%	5.64%	11.03%	9.78%	5.78%	6.73%
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund	44.79%	36.27%	26.02%	3.76%	0.00%	2.18%	5.30%	0.10%	0.00%

Drawdowns

UOPIX vs. RMQAX - Drawdown Comparison

The maximum UOPIX drawdown since its inception was -99.80%, which is greater than RMQAX's maximum drawdown of -63.18%. Use the drawdown chart below to compare losses from any high point for UOPIX and RMQAX.

Drawdown Indicators

	UOPIX	RMQAX	Difference
Max Drawdown Largest peak-to-trough decline	-99.80%	-63.18%	-36.62%
Max Drawdown (1Y) Largest decline over 1 year	-24.97%	-25.11%	+0.14%
Max Drawdown (5Y) Largest decline over 5 years	-65.01%	-63.18%	-1.83%
Max Drawdown (10Y) Largest decline over 10 years	-65.01%	-63.18%	-1.83%
Current Drawdown Current decline from peak	-67.57%	-24.96%	-42.61%
Average Drawdown Average peak-to-trough decline	-85.01%	-13.05%	-71.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.47%	7.20%	+0.27%

Volatility

UOPIX vs. RMQAX - Volatility Comparison

ProFunds UltraNASDAQ-100 Fund (UOPIX) and Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) have volatilities of 10.78% and 11.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UOPIX	RMQAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.78%	11.12%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	24.90%	25.22%	-0.32%
Volatility (1Y) Calculated over the trailing 1-year period	45.01%	47.33%	-2.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.05%	46.16%	-1.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.02%	46.29%	-2.27%