UWPIX vs. RYTPX
UWPIX (ProFunds UltraShort Dow 30 Fund) and RYTPX (Rydex Inverse S&P 500 2x Strategy Fund) are both Inverse Equities funds. Over the past 10 years, UWPIX returned -25.66%/yr vs -16.47%/yr for RYTPX. Their correlation of 0.89 means they have usually moved in the same direction. UWPIX charges 1.78%/yr vs 2.16%/yr for RYTPX.
Performance
UWPIX vs. RYTPX - 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 RYTPX's -13.45% return. Over the past 10 years, UWPIX has underperformed RYTPX with an annualized return of -25.66%, while RYTPX has yielded a comparatively higher -16.47% 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%
RYTPX
- 1D
- -3.26%
- 1M
- 1.59%
- 6M
- -11.47%
- YTD
- -13.45%
- 1Y
- -26.44%
- 3Y*
- -24.84%
- 5Y*
- -20.33%
- 10Y*
- -16.47%
- ALL TIME*
- -21.79%
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. RYTPX - 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% |
RYTPX Rydex Inverse S&P 500 2x Strategy Fund | -13.45% | -27.24% | -29.24% | -31.96% | 29.31% | -43.38% | -50.05% | -41.84% | 4.42% | -32.54% |
Correlation
The correlation between UWPIX and RYTPX is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2004 | 0.89 |
The correlation between UWPIX and RYTPX has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
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Return for Risk
UWPIX vs. RYTPX — Risk / Return Rank
UWPIX
RYTPX
UWPIX vs. RYTPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Dow 30 Fund (UWPIX) and Rydex Inverse S&P 500 2x Strategy Fund (RYTPX). 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 | RYTPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.86 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.78 | -0.05 |
| Martin ratioReturn relative to average drawdown | -1.41 | -1.31 | -0.11 |
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Drawdowns
UWPIX vs. RYTPX - Drawdown Comparison
The maximum UWPIX drawdown since its inception was -99.79%, roughly equal to the maximum RYTPX drawdown of -99.92%. Use the drawdown chart below to compare losses from any high point for UWPIX and RYTPX.
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Drawdown Indicators
| UWPIX | RYTPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.79% | -99.92% | +0.13% |
Max Drawdown (1Y)Largest decline over 1 year | -31.18% | -29.99% | -1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -62.72% | -68.03% | +5.31% |
Max Drawdown (5Y)Largest decline over 5 years | -70.10% | -75.66% | +5.56% |
Max Drawdown (10Y)Largest decline over 10 years | -95.20% | -96.13% | +0.93% |
Current DrawdownCurrent decline from peak | -99.78% | -99.92% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -77.79% | -82.40% | +4.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.38% | 17.99% | +0.39% |
Volatility
UWPIX vs. RYTPX - Volatility Comparison
ProFunds UltraShort Dow 30 Fund (UWPIX) has a higher volatility of 7.27% compared to Rydex Inverse S&P 500 2x Strategy Fund (RYTPX) at 6.85%. This indicates that UWPIX's price experiences larger fluctuations and is considered to be riskier than RYTPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UWPIX | RYTPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.27% | 6.85% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 19.84% | 20.21% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.13% | 25.68% | -0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.03% | 33.98% | -3.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.96% | 238.76% | -203.80% |
UWPIX vs. RYTPX - Expense Ratio Comparison
UWPIX has a 1.78% expense ratio, which is lower than RYTPX's 2.16% expense ratio.
Dividends
UWPIX vs. RYTPX - Dividend Comparison
UWPIX's dividend yield for the trailing twelve months is around 5.31%, less than RYTPX's 5.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYTPX Rydex Inverse S&P 500 2x Strategy Fund | 5.95% | 5.15% | 6.90% | 3.35% | 0.00% | 0.00% | 0.00% | 0.23% |
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 RYTPX have a correlation of 0.81, 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 RYTPX (6.85%). In terms of maximum drawdown, UWPIX dropped -99.79% vs RYTPX's -99.92%.
RYTPX currently has the higher Sharpe Ratio (-0.92 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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