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Access Flex Bear High Yield ProFund (AFBIX)

Mutual Fund · Currency in USD · Last updated Jun 2, 2023

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

ISINUS74318X7113
CUSIP00433W882
IssuerProFunds
Inception DateApr 26, 2005
CategoryInverse Bonds, Leveraged
Minimum Investment$15,000
Asset ClassBond

Expense Ratio

The Access Flex Bear High Yield ProFund has a high expense ratio of 1.78%, indicating higher-than-average management fees.


1.78%
0.00%2.15%

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.


-6.00%-4.00%-2.00%0.00%2.00%4.00%6.00%2023FebruaryMarchAprilMayJune
-1.63%
5.55%
AFBIX (Access Flex Bear High Yield ProFund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with AFBIX

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.


PeriodReturnBenchmark
1 month0.03%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


JanFebMarAprMayJunJulAugSepOctNovDec
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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
AFBIX
Access Flex Bear High Yield ProFund
-0.22
^GSPC
S&P 500
0.10

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Access Flex Bear High Yield ProFund Sharpe ratio is -0.22. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-1.00-0.500.000.502023FebruaryMarchAprilMayJune
-0.22
0.10
AFBIX (Access Flex Bear High Yield ProFund)
Benchmark (^GSPC)

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.


PeriodTTM2022
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.


JanFebMarAprMayJunJulAugSepOctNovDec
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.


-80.00%-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%2023FebruaryMarchAprilMayJune
-79.34%
-12.00%
AFBIX (Access Flex Bear High Yield ProFund)
Benchmark (^GSPC)

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, 20093197Dec 27, 2021
-13.27%May 18, 2005754May 19, 2008128Nov 20, 2008882
-11.83%Nov 24, 200829Jan 6, 200938Mar 3, 200967
-1.39%Apr 29, 20054May 4, 20052May 6, 20056
-0.36%May 9, 20051May 9, 20051May 10, 20052

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.


1.00%2.00%3.00%4.00%5.00%6.00%7.00%8.00%2023FebruaryMarchAprilMayJune
1.98%
3.68%
AFBIX (Access Flex Bear High Yield ProFund)
Benchmark (^GSPC)