ProFunds Short Small Cap ProFund (SHPIX) belongs to the Inverse Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with SHPIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SHPIX
SHPIX charges 1.78% annually. There are 6 mutual funds in the Inverse Equities category with lower expense ratios, going as low as 0.64%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| PIMCO StocksPLUS Short Fund | 0.64% | — | Jul 2003 | SHPIX vs PSTIX | |
| Rydex Inverse S&P 500 Strategy Fund | 1.49% | — | Jan 1994 | SHPIX vs RYURX | |
| Rydex Inverse NASDAQ-100 Strategy Fund | 1.55% | — | Sep 1998 | SHPIX vs RYAIX | |
| Grizzly Short Fund | 1.61% | — | Jun 2000 | SHPIX vs GRZZX | |
| ProFunds Bear Fund | 1.64% | — | Dec 1997 | SHPIX vs BRPIX |
Best Risk-Adjusted Alternatives to SHPIX
SHPIX has a PortfoliosLab risk / return rank of 0. There are 15 mutual funds in the Inverse Equities category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Comstock Capital Value Fund | 97 | — | Oct 1985 | SHPIX vs DRCVX | |
| ProFunds UltraShort China | 2 | — | Feb 2008 | SHPIX vs UHPIX | |
| Grizzly Short Fund | 1 | — | Jun 2000 | SHPIX vs GRZZX | |
| ProFunds Ultra Short International Fund | 0 | — | Apr 2006 | SHPIX vs UXPIX | |
| ProFunds Ultra Short Emerging Market Fund | 0 | — | Apr 2006 | SHPIX vs UVPIX |
Top Performing SHPIX Alternatives (YTD)
SHPIX is at -15.40% YTD. There are 11 mutual funds in the Inverse Equities category with higher YTD returns, going as high as 18.01%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProFunds UltraShort China | 18.01% | — | Feb 2008 | SHPIX vs UHPIX | |
| Comstock Capital Value Fund | 3.17% | — | Oct 1985 | SHPIX vs DRCVX | |
| Grizzly Short Fund | -6.05% | — | Jun 2000 | SHPIX vs GRZZX | |
| PIMCO StocksPLUS Short Fund | -8.07% | — | Jul 2003 | SHPIX vs PSTIX | |
| Rydex Inverse S&P 500 Strategy Fund | -8.72% | — | Jan 1994 | SHPIX vs RYURX |
Lowest Volatility Alternatives to SHPIX
SHPIX has 19.09% 1-year volatility. There are 10 mutual funds in the Inverse Equities category with lower 1-year volatility, going as low as 3.02%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Comstock Capital Value Fund | 3.02% | — | Oct 1985 | SHPIX vs DRCVX | |
| Federated Hermes Prudent Bear Fd | 11.32% | — | Dec 1995 | SHPIX vs BEARX | |
| PIMCO StocksPLUS Short Fund | 11.55% | — | Jul 2003 | SHPIX vs PSTIX | |
| Rydex Inverse S&P 500 Strategy Fund | 11.79% | — | Jan 1994 | SHPIX vs RYURX | |
| ProFunds Bear Fund | 11.94% | — | Dec 1997 | SHPIX vs BRPIX |
Lowest Drawdown Alternatives to SHPIX
SHPIX has a 1-year max drawdown of -27.83%. There are 10 mutual funds in the Inverse Equities category with shallower 1-year drawdowns, going as shallow as -0.89%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Comstock Capital Value Fund | -0.89% | — | Oct 1985 | SHPIX vs DRCVX | |
| Grizzly Short Fund | -13.89% | — | Jun 2000 | SHPIX vs GRZZX | |
| PIMCO StocksPLUS Short Fund | -15.41% | — | Jul 2003 | SHPIX vs PSTIX | |
| Rydex Inverse Mid-Cap Strategy Fund | -16.44% | — | Feb 2004 | SHPIX vs RYCLX | |
| Rydex Inverse S&P 500 Strategy Fund | -18.35% | — | Jan 1994 | SHPIX vs RYURX |
Other Mutual Funds from ProFunds
The 10 most viewed ProFunds mutual funds shown here include SMPIX, BTCFX, UOPIX and span 3 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProFunds Semiconductor UltraSector Fund | Leveraged Equities | 92 | 82.09% | — | Jun 2000 | SHPIX vs SMPIX | |
| Bitcoin ProFund Investor | Cryptocurrency | 1 | -24.39% | — | Jul 2021 | SHPIX vs BTCFX | |
| ProFunds UltraNASDAQ-100 Fund | Leveraged Equities | 70 | 42.41% | — | Nov 1997 | SHPIX vs UOPIX | |
| ProFunds UltraBull Fund | Leveraged Equities | 60 | 20.77% | — | Nov 1997 | SHPIX vs ULPIX | |
| ProFunds Technology UltraSector Fund | Leveraged Equities | 85 | 57.79% | — | Jun 2000 | SHPIX vs TEPIX | |
| ProFunds Precious Metals UltraSector Fund | Leveraged Equities | 29 | 1.73% | — | Jun 2002 | SHPIX vs PMPIX | |
| ProFunds Biotechnology UltraSector Fund | Leveraged Equities | 67 | 4.28% | — | Jun 2000 | SHPIX vs BIPIX | |
| ProFunds UltraSector Oil & Gas Fund | Leveraged Equities | 51 | 44.87% | — | Jun 2000 | SHPIX vs ENPIX | |
| ProFunds NASDAQ-100 Fund | Large Cap Growth Equities | 67 | 20.74% | — | Aug 2000 | SHPIX vs OTPIX | |
| ProFunds Bull Investor Fund | Leveraged Equities | 62 | 10.89% | — | Nov 1997 | SHPIX vs BLPIX |
Often Compared With SHPIX
Investors most often compare SHPIX with JEPI, URPIX, RYVNX. These 10 comparison targets span 4 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| JPMorgan Equity Premium Income ETF | Dividend, Derivative Income | 26 | 0.15% | 44.59B | May 2020 | SHPIX vs JEPI | |
| ProFunds UltraBear Fund | Inverse Equities | 0 | -18.36% | — | Dec 1997 | SHPIX vs URPIX | |
| Rydex Inverse NASDAQ-100 2x Strategy Fund | Inverse Equities | 0 | -32.73% | — | May 2000 | SHPIX vs RYVNX | |
| Rydex Inverse Dow 2x Strategy Fund | Inverse Equities | 0 | -12.67% | — | Feb 2004 | SHPIX vs RYCZX | |
| Rydex Inverse S&P 500 2x Strategy Fund | Inverse Equities | 0 | -17.63% | — | May 2000 | SHPIX vs RYTPX | |
| ProFunds UltraShort Dow 30 Fund | Inverse Equities | 0 | -12.08% | — | Jul 2004 | SHPIX vs UWPIX | |
| ProFunds UltraJapan Fund | Leveraged Equities | 93 | 74.33% | — | Feb 2000 | SHPIX vs UJPIX | |
| ProFunds UltraShort NASDAQ-100 Fund | Inverse Equities | 0 | -32.64% | — | Jun 1998 | SHPIX vs USPIX | |
| Rydex Inverse Emerging Markets 2x Strategy Fund | Inverse Equities | 0 | -18.46% | — | Oct 2010 | SHPIX vs RYWWX | |
| ProFunds UltraShort Mid Cap Fund | Inverse Equities | 0 | -23.11% | — | Jan 2004 | SHPIX vs UIPIX |
Compare SHPIX with Any Fund or Stock
Compare SHPIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SHPIX with funds that move differently
ProFunds Short Small Cap ProFund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SHPIX.
Explore SHPIX Diversifiers