UWPIX vs. RYCZX

Last updated Jun 4, 2026

UWPIX (ProFunds UltraShort Dow 30 Fund) and RYCZX (Rydex Inverse Dow 2x Strategy Fund) are both Inverse Equities funds. Over the past 10 years, UWPIX returned -35.61%/yr vs -25.94%/yr for RYCZX. With a 0.99 correlation, they move nearly in lockstep. UWPIX charges 1.78%/yr vs 2.70%/yr for RYCZX.

Performance

UWPIX vs. RYCZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds UltraShort Dow 30 Fund (UWPIX) and Rydex Inverse Dow 2x Strategy Fund (RYCZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with UWPIX having a -12.08% return and RYCZX slightly lower at -12.67%. Over the past 10 years, UWPIX has underperformed RYCZX with an annualized return of -35.61%, while RYCZX has yielded a comparatively higher -25.94% annualized return.

UWPIX

• 1D: -0.89%
• 1M: -9.00%
• YTD: -12.08%
• 6M: -12.39%
• 1Y: -29.40%
• 3Y*: -23.58%
• 5Y*: -16.97%
• 10Y*: -35.61%

RYCZX

• 1D: -0.96%
• 1M: -8.99%
• YTD: -12.67%
• 6M: -12.94%
• 1Y: -30.08%
• 3Y*: -22.21%
• 5Y*: -16.28%
• 10Y*: -25.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UWPIX vs. RYCZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UWPIX ProFunds UltraShort Dow 30 Fund	-12.08%	-23.48%	-20.75%	-18.56%	5.91%	-35.49%	-86.42%	-36.17%	1.45%	-39.01%
RYCZX Rydex Inverse Dow 2x Strategy Fund	-12.67%	-22.14%	-16.97%	-19.05%	5.48%	-36.32%	-45.37%	-36.65%	0.75%	-39.59%

Correlation

The correlation between UWPIX and RYCZX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jan 4, 2005	0.99

The correlation between UWPIX and RYCZX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

UWPIX vs. RYCZX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UWPIX

UWPIX Risk / Return Rank: 0
UWPIX Sharpe Ratio Rank: 0
UWPIX Sortino Ratio Rank: 0
UWPIX Omega Ratio Rank: 0
UWPIX Calmar Ratio Rank: 0
UWPIX Martin Ratio Rank: 0

RYCZX

RYCZX Risk / Return Rank: 0
RYCZX Sharpe Ratio Rank: 0
RYCZX Sortino Ratio Rank: 0
RYCZX Omega Ratio Rank: 0
RYCZX Calmar Ratio Rank: 0
RYCZX Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UWPIX vs. RYCZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Dow 30 Fund (UWPIX) and Rydex Inverse Dow 2x Strategy Fund (RYCZX). 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.

	UWPIX	RYCZX	Difference
Sharpe ratio: Return per unit of total volatility	-1.25	-1.28	+0.03
Sortino ratio: Return per unit of downside risk	-1.79	-1.85	+0.06
Omega ratio: Gain probability vs. loss probability	0.80	0.79	+0.01
Calmar ratio: Return relative to maximum drawdown	-0.99	-0.99	0.00
Martin ratio: Return relative to average drawdown	-1.60	-1.61	+0.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UWPIX vs. RYCZX - Sharpe Ratio Comparison

The current UWPIX Sharpe Ratio is -1.25, which is comparable to the RYCZX Sharpe Ratio of -1.28. The chart below compares the historical Sharpe Ratios of UWPIX and RYCZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UWPIX	RYCZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.25	-1.28	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.57	-0.55	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.85	-0.74	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	-0.64	+0.61

Drawdowns

UWPIX vs. RYCZX - Drawdown Comparison

The maximum UWPIX drawdown since its inception was -99.94%, roughly equal to the maximum RYCZX drawdown of -99.78%. Use the drawdown chart below to compare losses from any high point for UWPIX and RYCZX.

Drawdown Indicators

	UWPIX	RYCZX	Difference
Max Drawdown Largest peak-to-trough decline	-99.94%	-99.78%	-0.16%
Max Drawdown (1Y) Largest decline over 1 year	-30.66%	-31.28%	+0.62%
Max Drawdown (3Y) Largest decline over 3 years	-60.17%	-57.83%	-2.34%
Max Drawdown (5Y) Largest decline over 5 years	-68.05%	-66.41%	-1.64%
Max Drawdown (10Y) Largest decline over 10 years	-98.86%	-95.37%	-3.49%
Current Drawdown Current decline from peak	-99.94%	-99.78%	-0.16%
Average Drawdown Average peak-to-trough decline	-77.73%	-78.85%	+1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.90%	19.15%	-0.25%

Volatility

UWPIX vs. RYCZX - Volatility Comparison

ProFunds UltraShort Dow 30 Fund (UWPIX) and Rydex Inverse Dow 2x Strategy Fund (RYCZX) have volatilities of 6.10% and 6.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UWPIX	RYCZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.10%	6.00%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	18.74%	18.64%	+0.10%
Volatility (1Y) Calculated over the trailing 1-year period	24.15%	24.07%	+0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.92%	29.54%	+0.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.25%	35.21%	+7.04%

UWPIX vs. RYCZX - Expense Ratio Comparison

UWPIX has a 1.78% expense ratio, which is lower than RYCZX's 2.70% expense ratio.

Dividends

UWPIX vs. RYCZX - Dividend Comparison

UWPIX's dividend yield for the trailing twelve months is around 5.13%, less than RYCZX's 6.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
RYCZX Rydex Inverse Dow 2x Strategy Fund	6.73%	5.88%	4.32%	1.00%	0.00%	0.00%	0.05%	0.24%
UWPIX ProFunds UltraShort Dow 30 Fund	5.13%	4.51%	0.00%	2.28%	0.00%	0.00%	0.00%	0.35%

Frequently Asked Questions

Can I hold both UWPIX and RYCZX in my portfolio?

With a correlation of 1.00, UWPIX and RYCZX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, UWPIX or RYCZX?

UWPIX has higher volatility (6.10%) compared to RYCZX (6.00%). In terms of maximum drawdown, UWPIX dropped -99.94% vs RYCZX's -99.78%.

Which has better risk-adjusted returns?

UWPIX currently has the higher Sharpe Ratio (-1.25 vs -1.28), 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.