ProFunds Banks UltraSector Fund (BKPIX)
The investment seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the daily performance of the Dow Jones U.S. BanksSM Index. The fund invests in financial instruments that the adviser believes, in combination, should produce daily returns consistent with its investment objective. The index seeks to measure the performance of certain companies in the banking sector of the U.S. equity market.
Fund Info
| ISIN | US74318Q3020 |
|---|---|
| CUSIP | 74318Q302 |
| Issuer | ProFunds |
| Inception Date | Sep 3, 2001 |
| Category | Leveraged Equities, Leveraged |
| Min. Investment | $15,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
BKPIX has a high expense ratio of 1.71%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: BKPIX vs. TQQQ
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProFunds Banks UltraSector Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
ProFunds Banks UltraSector Fund had a return of -4.16% year-to-date (YTD) and 32.83% in the last 12 months. Over the past 10 years, ProFunds Banks UltraSector Fund had an annualized return of 5.45%, while the S&P 500 had an annualized return of 10.55%, indicating that ProFunds Banks UltraSector Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -4.16% | 7.26% |
| 1 month | -6.93% | -2.63% |
| 6 months | 43.39% | 22.78% |
| 1 year | 32.83% | 22.71% |
| 5 years (annualized) | -1.37% | 11.87% |
| 10 years (annualized) | 5.45% | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -4.59% | -1.69% | 9.79% | |||||||||
| 2023 | -6.82% | 21.00% | 22.58% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BKPIX is 37, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
ProFunds Banks UltraSector Fund(BKPIX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProFunds Banks UltraSector Fund (BKPIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ProFunds Banks UltraSector Fund granted a 1.71% dividend yield in the last twelve months. The annual payout for that period amounted to $0.77 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.77 | $0.77 | $0.12 | $0.00 | $0.00 | $0.23 | $0.59 |
Dividend yield | 1.71% | 1.64% | 0.29% | 0.00% | 0.00% | 0.38% | 1.53% |
Monthly Dividends
The table displays the monthly dividend distributions for ProFunds Banks UltraSector Fund. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.77 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 |
| 2018 | $0.59 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the ProFunds Banks UltraSector Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProFunds Banks UltraSector Fund was 96.06%, occurring on Mar 6, 2009. The portfolio has not yet recovered.
The current ProFunds Banks UltraSector Fund drawdown is 64.60%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -96.06% | Feb 21, 2007 | 513 | Mar 6, 2009 | — | — | — |
| -42.21% | May 20, 2002 | 99 | Oct 9, 2002 | 265 | Oct 29, 2003 | 364 |
| -15.78% | Dec 29, 2004 | 200 | Oct 12, 2005 | 30 | Nov 23, 2005 | 230 |
| -15.51% | Mar 8, 2004 | 45 | May 10, 2004 | 100 | Oct 1, 2004 | 145 |
| -14.76% | Oct 4, 2001 | 3 | Oct 8, 2001 | 26 | Nov 13, 2001 | 29 |
Volatility
Volatility Chart
The current ProFunds Banks UltraSector Fund volatility is 9.73%, 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.