URPIX vs. RYAIX
URPIX (ProFunds UltraBear Fund) and RYAIX (Rydex Inverse NASDAQ-100 Strategy Fund) are both Inverse Equities funds. Over the past 10 years, URPIX returned -28.12%/yr vs -18.15%/yr for RYAIX. Their correlation of 0.87 means they have usually moved in the same direction. URPIX charges 1.78%/yr vs 1.55%/yr for RYAIX.
Performance
URPIX vs. RYAIX - Performance Comparison
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Returns By Period
In the year-to-date period, URPIX achieves a -17.94% return, which is significantly lower than RYAIX's -11.34% return. Over the past 10 years, URPIX has underperformed RYAIX with an annualized return of -28.12%, while RYAIX has yielded a comparatively higher -18.15% annualized return.
URPIX
- 1D
- -2.96%
- 1M
- -2.80%
- 6M
- -16.55%
- YTD
- -17.94%
- 1Y
- -28.38%
- 3Y*
- -28.60%
- 5Y*
- -21.83%
- 10Y*
- -28.12%
- ALL TIME*
- -21.54%
RYAIX
- 1D
- -1.75%
- 1M
- 3.18%
- 6M
- -11.37%
- YTD
- -11.34%
- 1Y
- -17.20%
- 3Y*
- -16.26%
- 5Y*
- -11.88%
- 10Y*
- -18.15%
- ALL TIME*
- -14.61%
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 |
URPIX vs. RYAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
URPIX ProFunds UltraBear Fund | -17.94% | -27.06% | -32.89% | -31.77% | 29.74% | -43.61% | -51.10% | -42.03% | 4.20% | -32.58% |
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | -11.34% | -15.63% | -15.64% | -31.71% | 35.92% | -24.88% | -40.98% | -27.65% | -2.63% | -24.47% |
Correlation
The correlation between URPIX and RYAIX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1999 | 0.87 |
The correlation between URPIX and RYAIX has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.
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Return for Risk
URPIX vs. RYAIX — Risk / Return Rank
URPIX
RYAIX
URPIX vs. RYAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraBear Fund (URPIX) and Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX). 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.
| URPIX | RYAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.85 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | -0.74 | -0.27 |
| Martin ratioReturn relative to average drawdown | -1.74 | -1.47 | -0.27 |
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Drawdowns
URPIX vs. RYAIX - Drawdown Comparison
The maximum URPIX drawdown since its inception was -99.92%, roughly equal to the maximum RYAIX drawdown of -98.93%. Use the drawdown chart below to compare losses from any high point for URPIX and RYAIX.
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Drawdown Indicators
| URPIX | RYAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -98.93% | -0.99% |
Max Drawdown (1Y)Largest decline over 1 year | -30.37% | -25.47% | -4.90% |
Max Drawdown (3Y)Largest decline over 3 years | -69.89% | -50.13% | -19.76% |
Max Drawdown (5Y)Largest decline over 5 years | -76.97% | -61.15% | -15.82% |
Max Drawdown (10Y)Largest decline over 10 years | -96.59% | -87.73% | -8.86% |
Current DrawdownCurrent decline from peak | -99.92% | -98.85% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -79.18% | -73.44% | -5.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.38% | 13.09% | +5.29% |
Volatility
URPIX vs. RYAIX - Volatility Comparison
ProFunds UltraBear Fund (URPIX) has a higher volatility of 7.57% compared to Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) at 7.19%. This indicates that URPIX's price experiences larger fluctuations and is considered to be riskier than RYAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URPIX | RYAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.57% | 7.19% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 20.49% | 16.24% | +4.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.77% | 19.54% | +6.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.08% | 23.37% | +10.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.65% | 22.88% | +12.77% |
URPIX vs. RYAIX - Expense Ratio Comparison
URPIX has a 1.78% expense ratio, which is higher than RYAIX's 1.55% expense ratio.
Dividends
URPIX vs. RYAIX - Dividend Comparison
URPIX's dividend yield for the trailing twelve months is around 3.32%, more than RYAIX's 2.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | 2.51% | 2.23% | 5.67% | 4.81% | 0.00% | 0.00% | 0.09% | 0.72% |
URPIX ProFunds UltraBear Fund | 3.32% | 2.73% | 0.00% | 3.02% | 0.00% | 0.00% | 0.47% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, URPIX and RYAIX 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.
URPIX has higher volatility (7.57%) compared to RYAIX (7.19%). In terms of maximum drawdown, URPIX dropped -99.92% vs RYAIX's -98.93%.
RYAIX currently has the higher Sharpe Ratio (-0.96 vs -1.19), 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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