UVPIX vs. RYCQX
UVPIX (ProFunds Ultra Short Emerging Market Fund) and RYCQX (Rydex Inverse Russell 2000 Strategy Fund) are both Inverse Equities funds. Over the past 10 years, UVPIX returned -26.32%/yr vs -12.08%/yr for RYCQX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. UVPIX charges 1.78%/yr vs 2.49%/yr for RYCQX.
Performance
UVPIX vs. RYCQX - Performance Comparison
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Returns By Period
In the year-to-date period, UVPIX achieves a -12.87% return, which is significantly higher than RYCQX's -14.69% return. Over the past 10 years, UVPIX has underperformed RYCQX with an annualized return of -26.32%, while RYCQX has yielded a comparatively higher -12.08% 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%
RYCQX
- 1D
- -1.34%
- 1M
- 2.10%
- 6M
- -10.56%
- YTD
- -14.69%
- 1Y
- -24.47%
- 3Y*
- -10.06%
- 5Y*
- -6.22%
- 10Y*
- -12.08%
- ALL TIME*
- -12.61%
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 |
UVPIX vs. RYCQX - 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% |
RYCQX Rydex Inverse Russell 2000 Strategy Fund | -14.69% | -9.40% | -6.15% | -10.73% | 16.50% | -18.59% | -31.59% | -20.84% | 10.41% | -14.20% |
Correlation
The correlation between UVPIX and RYCQX is 0.61, 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. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2006 | 0.67 |
The correlation between UVPIX and RYCQX has been stable across timeframes, ranging from 0.58 to 0.67 - a consistent structural relationship.
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Return for Risk
UVPIX vs. RYCQX — Risk / Return Rank
UVPIX
RYCQX
UVPIX vs. RYCQX - 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 Russell 2000 Strategy Fund (RYCQX). 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 | RYCQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.82 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.83 | +0.03 |
| Martin ratioReturn relative to average drawdown | -1.11 | -1.35 | +0.23 |
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Drawdowns
UVPIX vs. RYCQX - Drawdown Comparison
The maximum UVPIX drawdown since its inception was -99.86%, roughly equal to the maximum RYCQX drawdown of -96.16%. Use the drawdown chart below to compare losses from any high point for UVPIX and RYCQX.
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Drawdown Indicators
| UVPIX | RYCQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -96.16% | -3.70% |
Max Drawdown (1Y)Largest decline over 1 year | -42.28% | -26.78% | -15.50% |
Max Drawdown (3Y)Largest decline over 3 years | -75.41% | -42.85% | -32.56% |
Max Drawdown (5Y)Largest decline over 5 years | -83.54% | -42.88% | -40.66% |
Max Drawdown (10Y)Largest decline over 10 years | -95.74% | -74.27% | -21.47% |
Current DrawdownCurrent decline from peak | -99.84% | -96.04% | -3.80% |
Average DrawdownAverage peak-to-trough decline | -89.55% | -70.71% | -18.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.43% | 16.46% | +13.97% |
Volatility
UVPIX vs. RYCQX - Volatility Comparison
ProFunds Ultra Short Emerging Market Fund (UVPIX) has a higher volatility of 13.29% compared to Rydex Inverse Russell 2000 Strategy Fund (RYCQX) at 3.79%. This indicates that UVPIX's price experiences larger fluctuations and is considered to be riskier than RYCQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UVPIX | RYCQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.29% | 3.79% | +9.50% |
Volatility (6M)Calculated over the trailing 6-month period | 35.82% | 14.07% | +21.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.43% | 19.34% | +25.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.08% | 23.38% | +24.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.53% | 23.82% | +22.71% |
UVPIX vs. RYCQX - Expense Ratio Comparison
UVPIX has a 1.78% expense ratio, which is lower than RYCQX's 2.49% expense ratio.
Dividends
UVPIX vs. RYCQX - Dividend Comparison
UVPIX's dividend yield for the trailing twelve months is around 10.32%, more than RYCQX's 9.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYCQX Rydex Inverse Russell 2000 Strategy Fund | 9.22% | 7.87% | 7.14% | 9.87% | 0.00% | 0.00% | 0.08% | 0.86% |
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 RYCQX have a correlation of 0.61, 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 RYCQX (3.79%). In terms of maximum drawdown, UVPIX dropped -99.86% vs RYCQX's -96.16%.
UVPIX currently has the higher Sharpe Ratio (-0.76 vs -1.15), 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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