ProFunds Bear Fund (BRPIX)
The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the S&P 500 Index. The fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with its investment objective. The index is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization and financial viability.
Fund Info
| ISIN | US7431858866 |
|---|---|
| CUSIP | 743185886 |
| Issuer | ProFunds |
| Inception Date | Dec 29, 1997 |
| Category | Inverse Equities, Leveraged |
| Min. Investment | $15,000 |
| Asset Class | Equity |
Expense Ratio
BRPIX has a high expense ratio of 1.64%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProFunds Bear 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 Bear Fund had a return of -3.89% year-to-date (YTD) and -14.45% in the last 12 months. Over the past 10 years, ProFunds Bear Fund had an annualized return of -12.76%, while the S&P 500 had an annualized return of 10.41%, indicating that ProFunds Bear Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -3.89% | 6.17% |
| 1 month | 3.23% | -2.72% |
| 6 months | -12.17% | 17.29% |
| 1 year | -14.45% | 23.80% |
| 5 years (annualized) | -13.57% | 11.47% |
| 10 years (annualized) | -12.76% | 10.41% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.03% | -4.45% | -2.48% | 4.77% | ||||||||
| 2023 | 2.72% | -7.77% | -3.73% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BRPIX is 1, indicating that it is in the bottom 1% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
ProFunds Bear Fund(BRPIX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProFunds Bear Fund (BRPIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ProFunds Bear Fund granted a 5.80% dividend yield in the last twelve months. The annual payout for that period amounted to $0.76 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.76 | $0.76 | $0.00 | $0.00 | $0.01 | $0.07 |
Dividend yield | 5.80% | 5.58% | 0.00% | 0.00% | 0.06% | 0.27% |
Monthly Dividends
The table displays the monthly dividend distributions for ProFunds Bear 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 | $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 | $0.76 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 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 | $0.01 |
| 2019 | $0.07 |
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 Bear 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 Bear Fund was 94.00%, occurring on Mar 28, 2024. The portfolio has not yet recovered.
The current ProFunds Bear Fund drawdown is 93.74%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -94% | Jul 25, 2002 | 5452 | Mar 28, 2024 | — | — | — |
| -82.77% | Oct 18, 1999 | 50 | Dec 24, 1999 | 236 | Nov 30, 2000 | 286 |
| -81.18% | Aug 11, 1999 | 19 | Sep 6, 1999 | 13 | Sep 23, 1999 | 32 |
| -19.37% | Sep 24, 2001 | 122 | Mar 19, 2002 | 77 | Jul 10, 2002 | 199 |
| -16.24% | Apr 5, 2001 | 32 | May 21, 2001 | 74 | Sep 6, 2001 | 106 |
Volatility
Volatility Chart
The current ProFunds Bear Fund volatility is 4.05%, 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.