UWPIX vs. RYCQX
UWPIX (ProFunds UltraShort Dow 30 Fund) and RYCQX (Rydex Inverse Russell 2000 Strategy Fund) are both Inverse Equities funds. Over the past 10 years, UWPIX returned -26.43%/yr vs -12.96%/yr for RYCQX. Their correlation of 0.80 suggests significant overlap in exposure. UWPIX charges 1.78%/yr vs 2.49%/yr for RYCQX.
Performance
UWPIX vs. RYCQX - Performance Comparison
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Returns By Period
In the year-to-date period, UWPIX achieves a -13.43% return, which is significantly higher than RYCQX's -15.98% return. Over the past 10 years, UWPIX has underperformed RYCQX with an annualized return of -26.43%, while RYCQX has yielded a comparatively higher -12.96% annualized return.
UWPIX
- 1D
- 0.26%
- 1M
- -4.24%
- YTD
- -13.43%
- 6M
- -10.86%
- 1Y
- -28.75%
- 3Y*
- -24.15%
- 5Y*
- -17.52%
- 10Y*
- -26.43%
RYCQX
- 1D
- 0.98%
- 1M
- -3.75%
- YTD
- -15.98%
- 6M
- -13.69%
- 1Y
- -25.65%
- 3Y*
- -13.18%
- 5Y*
- -5.74%
- 10Y*
- -12.96%
UWPIX vs. RYCQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UWPIX ProFunds UltraShort Dow 30 Fund | -13.43% | -23.48% | -20.75% | -18.56% | 5.91% | -35.49% | -45.69% | -36.17% | 1.45% | -39.01% |
RYCQX Rydex Inverse Russell 2000 Strategy Fund | -15.98% | -9.40% | -6.15% | -10.73% | 16.50% | -18.59% | -31.59% | -20.84% | 10.41% | -14.20% |
Correlation
The correlation between UWPIX and RYCQX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | 0.80 |
The correlation between UWPIX and RYCQX has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.
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Return for Risk
UWPIX vs. RYCQX — Risk / Return Rank
UWPIX
RYCQX
UWPIX vs. RYCQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Dow 30 Fund (UWPIX) 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.
| UWPIX | RYCQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 0.79 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | -0.98 | -0.03 |
| Martin ratioReturn relative to average drawdown | -1.75 | -1.75 | 0.00 |
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Drawdowns
UWPIX vs. RYCQX - Drawdown Comparison
The maximum UWPIX drawdown since its inception was -99.78%, roughly equal to the maximum RYCQX drawdown of -96.14%. Use the drawdown chart below to compare losses from any high point for UWPIX and RYCQX.
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Drawdown Indicators
| UWPIX | RYCQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.78% | -96.14% | -3.64% |
Max Drawdown (1Y)Largest decline over 1 year | -30.15% | -27.23% | -2.92% |
Max Drawdown (3Y)Largest decline over 3 years | -61.34% | -42.51% | -18.83% |
Max Drawdown (5Y)Largest decline over 5 years | -68.99% | -42.54% | -26.45% |
Max Drawdown (10Y)Largest decline over 10 years | -95.56% | -76.08% | -19.48% |
Current DrawdownCurrent decline from peak | -99.78% | -96.10% | -3.68% |
Average DrawdownAverage peak-to-trough decline | -77.69% | -70.59% | -7.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.89% | 15.36% | +3.53% |
Volatility
UWPIX vs. RYCQX - Volatility Comparison
ProFunds UltraShort Dow 30 Fund (UWPIX) has a higher volatility of 8.49% compared to Rydex Inverse Russell 2000 Strategy Fund (RYCQX) at 6.49%. This indicates that UWPIX'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
| UWPIX | RYCQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.49% | 6.49% | +2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 19.83% | 14.29% | +5.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.98% | 19.67% | +5.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.05% | 23.50% | +6.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.97% | 23.87% | +11.10% |
UWPIX vs. RYCQX - Expense Ratio Comparison
UWPIX has a 1.78% expense ratio, which is lower than RYCQX's 2.49% expense ratio.
Dividends
UWPIX vs. RYCQX - Dividend Comparison
UWPIX's dividend yield for the trailing twelve months is around 5.22%, less than RYCQX's 9.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYCQX Rydex Inverse Russell 2000 Strategy Fund | 9.37% | 7.87% | 7.14% | 9.87% | 0.00% | 0.00% | 0.08% | 0.86% |
UWPIX ProFunds UltraShort Dow 30 Fund | 5.22% | 4.51% | 0.00% | 2.28% | 0.00% | 0.00% | 0.00% | 0.35% |
Frequently Asked Questions
UWPIX and RYCQX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UWPIX has higher volatility (8.49%) compared to RYCQX (6.49%). In terms of maximum drawdown, UWPIX dropped -99.78% vs RYCQX's -96.14%.
UWPIX currently has the higher Sharpe Ratio (-1.23 vs -1.36), 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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