y=x21 is undefined at x=0; its domain is x=0 and its range is y>0.
Unlike x1, the denominator x2 makes the value always positive and even (symmetric about the y-axis). As x→0 it diverges to +∞ (the y-axis is an asymptote), and as x→±∞ it approaches 0 (the x-axis is an asymptote).