ProFunds Rising Rates Opportunity Fund (RRPIX)
The investment seeks daily investment results, before fees and expenses, that correspond to one and one-quarter times the inverse (-1.25x) of the daily performance of the most recently issued 30-Year U.S. Treasury Bond. The fund invests in financial instruments that the adviser believes, in combination, should produce daily returns consistent with the fund's investment objective.
Fund Info
| ISIN | US74318A5965 |
|---|---|
| CUSIP | 74318A596 |
| Issuer | ProFunds |
| Inception Date | Apr 30, 2002 |
| Category | Inverse Bonds, Leveraged |
| Min. Investment | $15,000 |
| Asset Class | Bond |
Expense Ratio
RRPIX has a high expense ratio of 1.52%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProFunds Rising Rates Opportunity 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 Rising Rates Opportunity Fund had a return of 14.71% year-to-date (YTD) and 23.89% in the last 12 months. Over the past 10 years, ProFunds Rising Rates Opportunity Fund had an annualized return of -2.39%, while the S&P 500 had an annualized return of 10.64%, indicating that ProFunds Rising Rates Opportunity Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 14.71% | 7.50% |
| 1 month | 3.45% | -1.61% |
| 6 months | -1.29% | 17.65% |
| 1 year | 23.89% | 26.26% |
| 5 years (annualized) | 2.99% | 11.73% |
| 10 years (annualized) | -2.39% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 4.18% | 3.06% | -0.22% | 9.63% | ||||||||
| 2023 | 7.38% | -10.65% | -9.41% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RRPIX is 41, 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 Rising Rates Opportunity Fund(RRPIX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProFunds Rising Rates Opportunity Fund (RRPIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ProFunds Rising Rates Opportunity Fund granted a 4.31% dividend yield in the last twelve months. The annual payout for that period amounted to $1.84 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $1.84 | $1.84 | $0.00 | $0.00 | $0.00 | $0.42 |
Dividend yield | 4.31% | 4.94% | 0.00% | 0.00% | 0.00% | 1.26% |
Monthly Dividends
The table displays the monthly dividend distributions for ProFunds Rising Rates Opportunity 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 | $1.84 |
| 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 | $0.00 |
| 2019 | $0.42 |
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 Rising Rates Opportunity 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 Rising Rates Opportunity Fund was 89.82%, occurring on Aug 4, 2020. The portfolio has not yet recovered.
The current ProFunds Rising Rates Opportunity Fund drawdown is 78.86%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -89.82% | May 15, 2002 | 4582 | Aug 4, 2020 | — | — | — |
| -0.99% | May 9, 2002 | 2 | May 10, 2002 | 1 | May 13, 2002 | 3 |
Volatility
Volatility Chart
The current ProFunds Rising Rates Opportunity Fund volatility is 5.01%, 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.