Access Flex Bear High Yield ProFund (AFBIX)
The investment seeks to provide investment results that correspond generally to the inverse of the total return of the high yield market consistent with maintaining reasonable liquidity. The fund invests primarily in financial instruments that ProFund Advisors believes, in combination, should provide investment results that correspond generally to the inverse of the high yield market. It seeks to maintain inverse exposure to the high yield market regardless of market conditions and without taking defensive positions in cash or other instruments in anticipation of periods favorable for the high yield market.
Fund Info
| ISIN | US74318X7113 |
|---|---|
| CUSIP | 00433W882 |
| Issuer | ProFunds |
| Inception Date | Apr 26, 2005 |
| Category | Inverse Bonds, Leveraged |
| Minimum Investment | $15,000 |
| Asset Class | Bond |
Expense Ratio
The Access Flex Bear High Yield ProFund has a high expense ratio of 1.78%, indicating higher-than-average management fees.
Share Price Chart
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Performance
The chart shows the growth of an initial investment of $10,000 in Access Flex Bear High Yield ProFund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Compare to other instruments
Return
Access Flex Bear High Yield ProFund had a return of -2.00% year-to-date (YTD) and -2.89% in the last 12 months. Over the past 10 years, Access Flex Bear High Yield ProFund had an annualized return of -5.95%, while the S&P 500 had an annualized return of 10.40%, indicating that Access Flex Bear High Yield ProFund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | 0.03% | 3.18% |
| Year-To-Date | -2.00% | 9.94% |
| 6 months | -0.51% | 3.67% |
| 1 year | -2.89% | 1.06% |
| 5 years (annualized) | -3.97% | 9.68% |
| 10 years (annualized) | -5.95% | 10.40% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | -3.54% | 3.34% | -2.10% | -0.32% | 1.29% | |||||||
| 2022 | -4.32% | 1.43% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for Access Flex Bear High Yield ProFund (AFBIX) and S&P 500 (^GSPC). 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
AFBIX Access Flex Bear High Yield ProFund | -0.22 | ||||
^GSPC S&P 500 | 0.10 |
Dividend History
Access Flex Bear High Yield ProFund granted a 0.03% dividend yield in the last twelve months. The annual payout for that period amounted to $0.01 per share.
| Period | TTM | 2022 |
|---|---|---|
| Dividend | $0.01 | $0.01 |
Dividend yield | 0.03% | 0.03% |
Monthly Dividends
The table displays the monthly dividend distributions for Access Flex Bear High Yield ProFund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2022 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the Access Flex Bear High Yield ProFund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the Access Flex Bear High Yield ProFund is 80.50%, recorded on Dec 27, 2021. The portfolio has not recovered from it yet.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -80.5% | Mar 10, 2009 | 3197 | Dec 27, 2021 | — | — | — |
| -13.27% | May 18, 2005 | 754 | May 19, 2008 | 128 | Nov 20, 2008 | 882 |
| -11.83% | Nov 24, 2008 | 29 | Jan 6, 2009 | 38 | Mar 3, 2009 | 67 |
| -1.39% | Apr 29, 2005 | 4 | May 4, 2005 | 2 | May 6, 2005 | 6 |
| -0.36% | May 9, 2005 | 1 | May 9, 2005 | 1 | May 10, 2005 | 2 |
Volatility Chart
The current Access Flex Bear High Yield ProFund volatility is 1.98%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.