URPIX vs. RYCZX
URPIX (ProFunds UltraBear Fund) and RYCZX (Rydex Inverse Dow 2x Strategy Fund) are both Inverse Equities funds. Over the past 10 years, URPIX returned -27.91%/yr vs -25.60%/yr for RYCZX. Their correlation of 0.93 means they have usually moved in the same direction. URPIX charges 1.78%/yr vs 2.70%/yr for RYCZX.
Performance
URPIX vs. RYCZX - Performance Comparison
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Returns By Period
In the year-to-date period, URPIX achieves a -14.33% return, which is significantly higher than RYCZX's -15.64% return. Over the past 10 years, URPIX has underperformed RYCZX with an annualized return of -27.91%, while RYCZX has yielded a comparatively higher -25.60% annualized return.
URPIX
- 1D
- -3.30%
- 1M
- 1.48%
- 6M
- -12.25%
- YTD
- -14.33%
- 1Y
- -27.37%
- 3Y*
- -26.35%
- 5Y*
- -21.21%
- 10Y*
- -27.91%
- ALL TIME*
- -21.43%
RYCZX
- 1D
- -2.34%
- 1M
- 2.78%
- 6M
- -12.90%
- YTD
- -15.64%
- 1Y
- -29.67%
- 3Y*
- -20.73%
- 5Y*
- -16.29%
- 10Y*
- -25.60%
- ALL TIME*
- -23.06%
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. RYCZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
URPIX ProFunds UltraBear Fund | -14.33% | -27.06% | -32.89% | -31.77% | 29.74% | -43.61% | -51.10% | -42.03% | 4.20% | -32.58% |
RYCZX Rydex Inverse Dow 2x Strategy Fund | -15.64% | -22.14% | -16.97% | -19.05% | 5.48% | -36.32% | -45.37% | -36.65% | 0.75% | -39.59% |
Correlation
The correlation between URPIX and RYCZX is 0.81, 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. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | 0.93 |
The correlation between URPIX and RYCZX shifts across timeframes, from 0.81 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
URPIX vs. RYCZX — Risk / Return Rank
URPIX
RYCZX
URPIX vs. RYCZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraBear Fund (URPIX) 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.
| URPIX | RYCZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.83 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.84 | +0.04 |
| Martin ratioReturn relative to average drawdown | -1.35 | -1.42 | +0.07 |
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Drawdowns
URPIX vs. RYCZX - Drawdown Comparison
The maximum URPIX drawdown since its inception was -99.92%, roughly equal to the maximum RYCZX drawdown of -99.80%. Use the drawdown chart below to compare losses from any high point for URPIX and RYCZX.
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Drawdown Indicators
| URPIX | RYCZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -99.80% | -0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -30.79% | -32.00% | +1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -69.89% | -60.61% | -9.28% |
Max Drawdown (5Y)Largest decline over 5 years | -76.97% | -68.62% | -8.35% |
Max Drawdown (10Y)Largest decline over 10 years | -96.59% | -95.14% | -1.45% |
Current DrawdownCurrent decline from peak | -99.92% | -99.79% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -79.17% | -78.99% | -0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.19% | 18.84% | -0.65% |
Volatility
URPIX vs. RYCZX - Volatility Comparison
The current volatility for ProFunds UltraBear Fund (URPIX) is 6.82%, while Rydex Inverse Dow 2x Strategy Fund (RYCZX) has a volatility of 7.38%. This indicates that URPIX experiences smaller price fluctuations and is considered to be less risky 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
| URPIX | RYCZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.82% | 7.38% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 20.27% | 19.78% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.76% | 25.10% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.06% | 29.66% | +4.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.62% | 35.21% | +0.41% |
URPIX vs. RYCZX - Expense Ratio Comparison
URPIX has a 1.78% expense ratio, which is lower than RYCZX's 2.70% expense ratio.
Dividends
URPIX vs. RYCZX - Dividend Comparison
URPIX's dividend yield for the trailing twelve months is around 3.18%, less than RYCZX's 6.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYCZX Rydex Inverse Dow 2x Strategy Fund | 6.97% | 5.88% | 4.32% | 1.00% | 0.00% | 0.00% | 0.05% | 0.24% |
URPIX ProFunds UltraBear Fund | 3.18% | 2.73% | 0.00% | 3.02% | 0.00% | 0.00% | 0.47% | 0.00% |
Frequently Asked Questions
URPIX and RYCZX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYCZX has higher volatility (7.38%) compared to URPIX (6.82%). In terms of maximum drawdown, URPIX dropped -99.92% vs RYCZX's -99.80%.
URPIX currently has the higher Sharpe Ratio (-0.95 vs -1.07), 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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