ProFunds Short Small Cap ProFund (SHPIX)

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ProFunds Short Small Cap ProFund (SHPIX) is down 16.9% since the beginning of the year. SHPIX is currently trading at $31 per share. Investors who bought $1,000 worth of SHPIX shares 5 years ago would now be looking at an investment worth $6,822.

ProFunds Short Small Cap ProFund (SHPIX) has returned -16.89% so far this year and -28.65% over the past 12 months. Over the last ten years, SHPIX has returned 9.15% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 2, 2003, SHPIX's average daily return is +0.04%, while the average monthly return is +0.73%. At this rate, an investment would double in approximately 7.9 years.

Historically, 35% of months were positive and 65% were negative. The best month was Mar 2023 with a return of +425.1%, while the worst month was Nov 2020 at -16.2%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 9 months.

On a daily basis, SHPIX closed higher 45% of trading days. The best single day was Mar 7, 2023 with a return of +406.5%, while the worst single day was Mar 24, 2020 at -9.4%.

ProFunds Short Small Cap ProFund has an annualized alpha of 24.90%, beta of -1.22, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since January 02, 2003.

• This fund tended to rise when S&P 500 Index fell (downside capture of -200.10%), but participation in market rallies was also limited (-68.96%) - a profile typical of counter-cyclical assets.
• Beta of -1.22 may look defensive, but with R2 of 0.06 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.06 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

SHPIX has a high expense ratio of 1.78%, indicating above-average management fees.

SHPIX ranks 0 for risk / return — in the bottom 0% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

ProFunds Short Small Cap ProFund provided a 33.30% dividend yield over the last twelve months, with an annual payout of $10.43 per share.

The table displays the monthly dividend distributions for ProFunds Short Small Cap ProFund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the ProFunds Short Small Cap ProFund. 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 Short Small Cap ProFund was 96.86%, occurring on Nov 8, 2021. The portfolio has not yet recovered.

The current ProFunds Short Small Cap ProFund drawdown is 75.90%.

The chart below shows the rolling one-month volatility.