ProFunds Short Small Cap ProFund (SHPIX)
The fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. It is a float-adjusted, market capitalization-weighted index containing approximately 2000 of the smallest companies in the Russell 3000 Index, or approximately 10% of the total market capitalization of the Russell 3000 Index, which in turn represents approximately 98% of the U.S. equity market. It is non-diversified.
Fund Info
| ISIN | US74318A5544 |
|---|---|
| CUSIP | 74318A554 |
| Issuer | ProFunds |
| Inception Date | Apr 30, 2002 |
| Category | Inverse Equities, Leveraged |
| Min. Investment | $15,000 |
| Asset Class | Equity |
Expense Ratio
SHPIX has a high expense ratio of 1.78%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: SHPIX vs. JEPI
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProFunds Short Small Cap ProFund, 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 Short Small Cap ProFund had a return of -3.85% year-to-date (YTD) and -16.19% in the last 12 months. Over the past 10 years, ProFunds Short Small Cap ProFund had an annualized return of -12.03%, while the S&P 500 had an annualized return of 10.97%, indicating that ProFunds Short Small Cap ProFund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -3.85% | 11.29% |
| 1 month | -6.43% | 4.87% |
| 6 months | -14.36% | 17.88% |
| 1 year | -16.19% | 29.16% |
| 5 years (annualized) | -13.12% | 13.20% |
| 10 years (annualized) | -12.03% | 10.97% |
Monthly Returns
The table below presents the monthly returns of SHPIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 4.46% | -5.77% | -3.08% | 7.57% | -3.85% | ||||||||
| 2023 | -8.53% | 1.98% | 5.01% | 2.14% | 1.45% | -7.28% | -5.30% | 5.83% | 6.66% | 7.94% | -8.23% | -10.68% | -11.01% |
| 2022 | 9.62% | -1.78% | -2.10% | 10.13% | -1.17% | 7.99% | -10.07% | 1.89% | 10.07% | -10.47% | -2.55% | 6.76% | 16.39% |
| 2021 | -5.31% | -6.62% | -2.32% | -3.07% | -0.86% | -2.33% | 3.27% | -2.74% | 2.22% | -4.64% | 4.10% | -2.92% | -19.78% |
| 2020 | 3.22% | 8.71% | 15.96% | -14.77% | -7.52% | -4.99% | -3.30% | -5.43% | 2.78% | -2.61% | -16.19% | -8.50% | -31.60% |
| 2019 | -10.29% | -4.91% | 1.97% | -3.13% | 8.29% | -6.60% | -0.53% | 4.73% | -2.11% | -2.53% | -3.90% | -2.84% | -20.89% |
| 2018 | -2.63% | 3.44% | -1.55% | -1.00% | -5.80% | -0.69% | -1.71% | -4.10% | 2.55% | 11.71% | -1.72% | 12.86% | 9.96% |
| 2017 | -0.61% | -2.14% | -0.31% | -1.38% | 1.97% | -3.75% | -0.84% | 1.18% | -5.75% | -1.03% | -2.98% | 0.36% | -14.49% |
| 2016 | 8.75% | -0.48% | -7.91% | -1.81% | -2.63% | -0.60% | -5.88% | -2.08% | -1.53% | 4.70% | -10.41% | -3.07% | -21.84% |
| 2015 | 2.74% | -5.80% | -2.15% | 2.30% | -2.49% | -1.15% | 0.81% | 6.08% | 4.55% | -5.85% | -3.46% | 4.79% | -0.57% |
| 2014 | 2.58% | -4.85% | 0.22% | 3.47% | -1.19% | -5.32% | 5.94% | -4.96% | 5.99% | -6.84% | -0.32% | -3.29% | -9.27% |
| 2013 | -6.17% | -1.41% | -4.44% | -0.66% | -4.35% | 0.17% | -6.98% | 3.00% | -6.19% | -2.91% | -4.60% | -2.31% | -31.57% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SHPIX is 1, indicating that it is in the bottom 1% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
SHPIX (ProFunds Short Small Cap ProFund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProFunds Short Small Cap ProFund (SHPIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ProFunds Short Small Cap ProFund granted a 17.69% dividend yield in the last twelve months. The annual payout for that period amounted to $4.99 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $4.99 | $4.99 | $0.00 | $0.00 | $0.00 | $0.51 |
Dividend yield | 17.69% | 17.01% | 0.00% | 0.00% | 0.00% | 0.85% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $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 | $4.99 | $4.99 |
| 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 | $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 | $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 | $0.00 |
| 2019 | $0.51 | $0.51 |
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 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 96.71%, occurring on Nov 8, 2021. The portfolio has not yet recovered.
The current ProFunds Short Small Cap ProFund drawdown is 96.47%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -96.71% | Oct 10, 2002 | 4799 | Nov 8, 2021 | — | — | — |
| -12.26% | Jul 25, 2002 | 21 | Aug 22, 2002 | 22 | Sep 24, 2002 | 43 |
| -3.97% | Sep 25, 2002 | 2 | Sep 26, 2002 | 6 | Oct 4, 2002 | 8 |
| -3.75% | May 13, 2002 | 2 | May 14, 2002 | 10 | May 29, 2002 | 12 |
| -3.25% | Jun 17, 2002 | 1 | Jun 17, 2002 | 6 | Jun 25, 2002 | 7 |
Volatility
Volatility Chart
The current ProFunds Short Small Cap ProFund volatility is 4.34%, 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.