URPIX vs. RYWWX
URPIX (ProFunds UltraBear Fund) and RYWWX (Rydex Inverse Emerging Markets 2x Strategy Fund) are both Inverse Equities funds. Over the past 10 years, URPIX returned -28.12%/yr vs -26.17%/yr for RYWWX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. URPIX charges 1.78%/yr vs 1.87%/yr for RYWWX.
Performance
URPIX vs. RYWWX - 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 RYWWX's -14.76% return. Over the past 10 years, URPIX has underperformed RYWWX with an annualized return of -28.12%, while RYWWX has yielded a comparatively higher -26.17% 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%
RYWWX
- 1D
- -2.09%
- 1M
- -8.26%
- 6M
- 0.33%
- YTD
- -14.76%
- 1Y
- -35.82%
- 3Y*
- -31.09%
- 5Y*
- -20.87%
- 10Y*
- -26.17%
- ALL TIME*
- -20.02%
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. RYWWX - 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% |
RYWWX Rydex Inverse Emerging Markets 2x Strategy Fund | -14.76% | -51.31% | -17.03% | -28.06% | 2.55% | 17.09% | -57.70% | -39.99% | 23.02% | -47.98% |
Correlation
The correlation between URPIX and RYWWX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011 | 0.71 |
The correlation between URPIX and RYWWX has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.
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Return for Risk
URPIX vs. RYWWX — Risk / Return Rank
URPIX
RYWWX
URPIX vs. RYWWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraBear Fund (URPIX) and Rydex Inverse Emerging Markets 2x Strategy Fund (RYWWX). 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 | RYWWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.87 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | -0.89 | -0.12 |
| Martin ratioReturn relative to average drawdown | -1.74 | -1.23 | -0.51 |
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Drawdowns
URPIX vs. RYWWX - Drawdown Comparison
The maximum URPIX drawdown since its inception was -99.92%, roughly equal to the maximum RYWWX drawdown of -98.12%. Use the drawdown chart below to compare losses from any high point for URPIX and RYWWX.
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Drawdown Indicators
| URPIX | RYWWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -98.12% | -1.80% |
Max Drawdown (1Y)Largest decline over 1 year | -30.37% | -41.95% | +11.58% |
Max Drawdown (3Y)Largest decline over 3 years | -69.89% | -75.97% | +6.08% |
Max Drawdown (5Y)Largest decline over 5 years | -76.97% | -84.06% | +7.09% |
Max Drawdown (10Y)Largest decline over 10 years | -96.59% | -95.68% | -0.91% |
Current DrawdownCurrent decline from peak | -99.92% | -97.95% | -1.97% |
Average DrawdownAverage peak-to-trough decline | -79.18% | -68.90% | -10.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.38% | 30.80% | -12.42% |
Volatility
URPIX vs. RYWWX - Volatility Comparison
The current volatility for ProFunds UltraBear Fund (URPIX) is 7.57%, while Rydex Inverse Emerging Markets 2x Strategy Fund (RYWWX) has a volatility of 13.15%. This indicates that URPIX experiences smaller price fluctuations and is considered to be less risky than RYWWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URPIX | RYWWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.57% | 13.15% | -5.58% |
Volatility (6M)Calculated over the trailing 6-month period | 20.49% | 35.16% | -14.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.77% | 44.19% | -18.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.08% | 47.96% | -13.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.65% | 46.60% | -10.95% |
URPIX vs. RYWWX - Expense Ratio Comparison
URPIX has a 1.78% expense ratio, which is lower than RYWWX's 1.87% expense ratio.
Dividends
URPIX vs. RYWWX - Dividend Comparison
URPIX's dividend yield for the trailing twelve months is around 3.32%, less than RYWWX's 5.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYWWX Rydex Inverse Emerging Markets 2x Strategy Fund | 5.87% | 5.00% | 5.36% | 3.28% | 0.00% | 0.00% | 0.00% | 1.06% |
URPIX ProFunds UltraBear Fund | 3.32% | 2.73% | 0.00% | 3.02% | 0.00% | 0.00% | 0.47% | 0.00% |
Frequently Asked Questions
URPIX and RYWWX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYWWX has higher volatility (13.15%) compared to URPIX (7.57%). In terms of maximum drawdown, URPIX dropped -99.92% vs RYWWX's -98.12%.
RYWWX currently has the higher Sharpe Ratio (-0.84 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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