URPIX vs. RYVNX
URPIX (ProFunds UltraBear Fund) and RYVNX (Rydex Inverse NASDAQ-100 2x Strategy Fund) are both Inverse Equities funds. Over the past 10 years, URPIX returned -27.91%/yr vs -37.52%/yr for RYVNX. Their correlation of 0.88 means they have usually moved in the same direction. URPIX charges 1.78%/yr vs 2.49%/yr for RYVNX.
Performance
URPIX vs. RYVNX - 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 RYVNX's -22.02% return. Over the past 10 years, URPIX has outperformed RYVNX with an annualized return of -27.91%, while RYVNX has yielded a comparatively lower -37.52% 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%
RYVNX
- 1D
- -6.50%
- 1M
- 8.24%
- 6M
- -20.47%
- YTD
- -22.02%
- 1Y
- -36.09%
- 3Y*
- -33.31%
- 5Y*
- -28.38%
- 10Y*
- -37.52%
- ALL TIME*
- -31.17%
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. RYVNX - 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% |
RYVNX Rydex Inverse NASDAQ-100 2x Strategy Fund | -22.02% | -35.24% | -34.30% | -57.09% | 65.14% | -45.41% | -69.71% | -50.05% | -9.71% | -44.28% |
Correlation
The correlation between URPIX and RYVNX 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. | 0.93 |
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 2, 2001 | 0.88 |
The correlation between URPIX and RYVNX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.
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Return for Risk
URPIX vs. RYVNX — Risk / Return Rank
URPIX
RYVNX
URPIX vs. RYVNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraBear Fund (URPIX) and Rydex Inverse NASDAQ-100 2x Strategy Fund (RYVNX). 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 | RYVNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.87 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.73 | -0.07 |
| Martin ratioReturn relative to average drawdown | -1.35 | -1.33 | -0.01 |
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Drawdowns
URPIX vs. RYVNX - Drawdown Comparison
The maximum URPIX drawdown since its inception was -99.92%, roughly equal to the maximum RYVNX drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for URPIX and RYVNX.
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Drawdown Indicators
| URPIX | RYVNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -100.00% | +0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -30.79% | -45.22% | +14.43% |
Max Drawdown (3Y)Largest decline over 3 years | -69.89% | -79.81% | +9.92% |
Max Drawdown (5Y)Largest decline over 5 years | -76.97% | -88.89% | +11.92% |
Max Drawdown (10Y)Largest decline over 10 years | -96.59% | -99.24% | +2.65% |
Current DrawdownCurrent decline from peak | -99.92% | -100.00% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -79.17% | -89.62% | +10.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.19% | 24.59% | -6.40% |
Volatility
URPIX vs. RYVNX - Volatility Comparison
The current volatility for ProFunds UltraBear Fund (URPIX) is 6.82%, while Rydex Inverse NASDAQ-100 2x Strategy Fund (RYVNX) has a volatility of 13.77%. This indicates that URPIX experiences smaller price fluctuations and is considered to be less risky than RYVNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URPIX | RYVNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.82% | 13.77% | -6.95% |
Volatility (6M)Calculated over the trailing 6-month period | 20.27% | 32.02% | -11.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.76% | 38.72% | -12.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.06% | 46.13% | -12.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.62% | 45.47% | -9.85% |
URPIX vs. RYVNX - Expense Ratio Comparison
URPIX has a 1.78% expense ratio, which is lower than RYVNX's 2.49% expense ratio.
Dividends
URPIX vs. RYVNX - Dividend Comparison
URPIX's dividend yield for the trailing twelve months is around 3.18%, less than RYVNX's 13.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYVNX Rydex Inverse NASDAQ-100 2x Strategy Fund | 13.62% | 10.62% | 6.03% | 4.56% | 0.00% | 0.00% | 0.25% | 0.03% |
URPIX ProFunds UltraBear Fund | 3.18% | 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 RYVNX 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.
RYVNX has higher volatility (13.77%) compared to URPIX (6.82%). In terms of maximum drawdown, URPIX dropped -99.92% vs RYVNX's -100.00%.
RYVNX currently has the higher Sharpe Ratio (-0.85 vs -0.95), 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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