UWPIX vs. RYCLX
UWPIX (ProFunds UltraShort Dow 30 Fund) and RYCLX (Rydex Inverse Mid-Cap Strategy Fund) are both Inverse Equities funds. Over the past 10 years, UWPIX returned -25.66%/yr vs -10.93%/yr for RYCLX. Their correlation of 0.84 means they have usually moved in the same direction. UWPIX charges 1.78%/yr vs 2.39%/yr for RYCLX.
Performance
UWPIX vs. RYCLX - Performance Comparison
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Returns By Period
In the year-to-date period, UWPIX achieves a -14.90% return, which is significantly lower than RYCLX's -12.87% return. Over the past 10 years, UWPIX has underperformed RYCLX with an annualized return of -25.66%, while RYCLX has yielded a comparatively higher -10.93% annualized return.
UWPIX
- 1D
- -2.33%
- 1M
- 2.86%
- 6M
- -12.22%
- YTD
- -14.90%
- 1Y
- -28.82%
- 3Y*
- -22.13%
- 5Y*
- -16.97%
- 10Y*
- -25.66%
- ALL TIME*
- -11.51%
RYCLX
- 1D
- -0.88%
- 1M
- 0.19%
- 6M
- -9.12%
- YTD
- -12.87%
- 1Y
- -15.27%
- 3Y*
- -6.53%
- 5Y*
- -5.66%
- 10Y*
- -10.93%
- ALL TIME*
- -12.03%
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 |
UWPIX vs. RYCLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UWPIX ProFunds UltraShort Dow 30 Fund | -14.90% | -23.48% | -20.75% | -18.56% | 5.91% | -35.49% | -45.69% | -36.17% | 1.45% | -39.01% |
RYCLX Rydex Inverse Mid-Cap Strategy Fund | -12.87% | -1.04% | -5.59% | -8.75% | 8.93% | -24.21% | -25.53% | -21.03% | 11.39% | -14.94% |
Correlation
The correlation between UWPIX and RYCLX is 0.77, 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. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | 0.84 |
The correlation between UWPIX and RYCLX has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
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Return for Risk
UWPIX vs. RYCLX — Risk / Return Rank
UWPIX
RYCLX
UWPIX vs. RYCLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Dow 30 Fund (UWPIX) and Rydex Inverse Mid-Cap Strategy Fund (RYCLX). 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.
| UWPIX | RYCLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.88 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.70 | -0.13 |
| Martin ratioReturn relative to average drawdown | -1.41 | -1.25 | -0.16 |
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Drawdowns
UWPIX vs. RYCLX - Drawdown Comparison
The maximum UWPIX drawdown since its inception was -99.79%, roughly equal to the maximum RYCLX drawdown of -95.66%. Use the drawdown chart below to compare losses from any high point for UWPIX and RYCLX.
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Drawdown Indicators
| UWPIX | RYCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.79% | -95.66% | -4.13% |
Max Drawdown (1Y)Largest decline over 1 year | -31.18% | -18.50% | -12.68% |
Max Drawdown (3Y)Largest decline over 3 years | -62.72% | -32.43% | -30.29% |
Max Drawdown (5Y)Largest decline over 5 years | -70.10% | -34.96% | -35.14% |
Max Drawdown (10Y)Largest decline over 10 years | -95.20% | -71.12% | -24.08% |
Current DrawdownCurrent decline from peak | -99.78% | -95.59% | -4.19% |
Average DrawdownAverage peak-to-trough decline | -77.79% | -70.36% | -7.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.38% | 10.37% | +8.01% |
Volatility
UWPIX vs. RYCLX - Volatility Comparison
ProFunds UltraShort Dow 30 Fund (UWPIX) has a higher volatility of 7.27% compared to Rydex Inverse Mid-Cap Strategy Fund (RYCLX) at 3.81%. This indicates that UWPIX's price experiences larger fluctuations and is considered to be riskier than RYCLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UWPIX | RYCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.27% | 3.81% | +3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 19.84% | 11.69% | +8.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.13% | 15.80% | +9.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.03% | 20.50% | +9.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.96% | 21.42% | +13.54% |
UWPIX vs. RYCLX - Expense Ratio Comparison
UWPIX has a 1.78% expense ratio, which is lower than RYCLX's 2.39% expense ratio.
Dividends
UWPIX vs. RYCLX - Dividend Comparison
UWPIX's dividend yield for the trailing twelve months is around 5.31%, less than RYCLX's 37.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYCLX Rydex Inverse Mid-Cap Strategy Fund | 37.88% | 33.01% | 25.75% | 9.12% | 0.00% | 0.00% | 0.76% | 0.89% |
UWPIX ProFunds UltraShort Dow 30 Fund | 5.31% | 4.51% | 0.00% | 2.28% | 0.00% | 0.00% | 0.00% | 0.35% |
Frequently Asked Questions
UWPIX and RYCLX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UWPIX has higher volatility (7.27%) compared to RYCLX (3.81%). In terms of maximum drawdown, UWPIX dropped -99.79% vs RYCLX's -95.66%.
RYCLX currently has the higher Sharpe Ratio (-0.82 vs -1.04), 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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