UVPIX vs. RYAIX
UVPIX (ProFunds Ultra Short Emerging Market Fund) and RYAIX (Rydex Inverse NASDAQ-100 Strategy Fund) are both Inverse Equities funds. Over the past 10 years, UVPIX returned -26.32%/yr vs -18.03%/yr for RYAIX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. UVPIX charges 1.78%/yr vs 1.55%/yr for RYAIX.
Performance
UVPIX vs. RYAIX - Performance Comparison
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Returns By Period
In the year-to-date period, UVPIX achieves a -12.87% return, which is significantly lower than RYAIX's -9.23% return. Over the past 10 years, UVPIX has underperformed RYAIX with an annualized return of -26.32%, while RYAIX has yielded a comparatively higher -18.03% annualized return.
UVPIX
- 1D
- -6.74%
- 1M
- -4.59%
- 6M
- 0.81%
- YTD
- -12.87%
- 1Y
- -35.55%
- 3Y*
- -28.13%
- 5Y*
- -20.68%
- 10Y*
- -26.32%
- ALL TIME*
- -12.88%
RYAIX
- 1D
- -3.29%
- 1M
- 5.63%
- 6M
- -8.48%
- YTD
- -9.23%
- 1Y
- -16.78%
- 3Y*
- -14.70%
- 5Y*
- -11.60%
- 10Y*
- -18.03%
- ALL TIME*
- -14.55%
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 |
UVPIX vs. RYAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UVPIX ProFunds Ultra Short Emerging Market Fund | -12.87% | -49.90% | -17.67% | -27.06% | 1.35% | 15.70% | -57.91% | -39.81% | 20.65% | -48.37% |
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | -9.23% | -15.63% | -15.64% | -31.71% | 35.92% | -24.88% | -40.98% | -27.65% | -2.63% | -24.47% |
Correlation
The correlation between UVPIX and RYAIX is 0.71, 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. | 0.71 |
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. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2006 | 0.70 |
The correlation between UVPIX and RYAIX has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.
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Return for Risk
UVPIX vs. RYAIX — Risk / Return Rank
UVPIX
RYAIX
UVPIX vs. RYAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Ultra Short Emerging Market Fund (UVPIX) 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.
| UVPIX | RYAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.89 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.57 | -0.23 |
| Martin ratioReturn relative to average drawdown | -1.11 | -1.12 | +0.01 |
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Drawdowns
UVPIX vs. RYAIX - Drawdown Comparison
The maximum UVPIX drawdown since its inception was -99.86%, roughly equal to the maximum RYAIX drawdown of -98.93%. Use the drawdown chart below to compare losses from any high point for UVPIX and RYAIX.
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Drawdown Indicators
| UVPIX | RYAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -98.93% | -0.93% |
Max Drawdown (1Y)Largest decline over 1 year | -42.28% | -25.47% | -16.81% |
Max Drawdown (3Y)Largest decline over 3 years | -75.41% | -50.13% | -25.28% |
Max Drawdown (5Y)Largest decline over 5 years | -83.54% | -61.15% | -22.39% |
Max Drawdown (10Y)Largest decline over 10 years | -95.74% | -87.73% | -8.01% |
Current DrawdownCurrent decline from peak | -99.84% | -98.82% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -89.55% | -73.43% | -16.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.43% | 12.97% | +17.46% |
Volatility
UVPIX vs. RYAIX - Volatility Comparison
ProFunds Ultra Short Emerging Market Fund (UVPIX) has a higher volatility of 13.29% compared to Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) at 7.09%. This indicates that UVPIX'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
| UVPIX | RYAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.29% | 7.09% | +6.20% |
Volatility (6M)Calculated over the trailing 6-month period | 35.82% | 16.22% | +19.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.43% | 19.55% | +24.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.08% | 23.36% | +24.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.53% | 22.86% | +23.67% |
UVPIX vs. RYAIX - Expense Ratio Comparison
UVPIX has a 1.78% expense ratio, which is higher than RYAIX's 1.55% expense ratio.
Dividends
UVPIX vs. RYAIX - Dividend Comparison
UVPIX's dividend yield for the trailing twelve months is around 10.32%, more than RYAIX's 2.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | 2.46% | 2.23% | 5.67% | 4.81% | 0.00% | 0.00% | 0.09% | 0.72% |
UVPIX ProFunds Ultra Short Emerging Market Fund | 10.32% | 8.99% | 0.00% | 7.25% | 0.00% | 0.00% | 0.00% | 0.49% |
Frequently Asked Questions
UVPIX and RYAIX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVPIX has higher volatility (13.29%) compared to RYAIX (7.09%). In terms of maximum drawdown, UVPIX dropped -99.86% vs RYAIX's -98.93%.
RYAIX currently has the higher Sharpe Ratio (-0.75 vs -0.76), 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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