- ISIN
- US7431858783
- CUSIP
- 743185878
- Issuer
- ProFunds
- Inception Date
- Dec 21, 1997
- Category
- Inverse Equities
- Min. Investment
- $15,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
URPIX Performance Chart
ProFunds UltraBear Fund (URPIX) is down 16.1% since the beginning of the year. URPIX is currently trading at $6 per share. Investors who bought $1,000 worth of URPIX shares 5 years ago would now be looking at an investment worth $265.
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Returns By Period
ProFunds UltraBear Fund (URPIX) has returned -16.13% so far this year and -34.34% over the past 12 months. Over the last ten years, URPIX has returned -28.75% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
ProFunds UltraBear Fund
- 1D
- -2.11%
- 1M
- -0.82%
- YTD
- -16.13%
- 6M
- -15.07%
- 1Y
- -34.34%
- 3Y*
- -28.52%
- 5Y*
- -23.35%
- 10Y*
- -28.75%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
URPIX Monthly Returns History
Based on dividend-adjusted daily data since Dec 22, 1997, URPIX's average daily return is -0.07%, while the average monthly return is -1.64%.
Historically, 35% of months were positive and 65% were negative. The best month was Aug 1998 with a return of +34.1%, while the worst month was Apr 2020 at -24.9%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 15 months.
On a daily basis, URPIX closed higher 45% of trading days. The best single day was Mar 12, 2020 with a return of +30.7%, while the worst single day was Oct 13, 2008 at -22.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.36% | 1.85% | 11.05% | -17.76% | -9.49% | 2.03% | -16.13% | ||||||
| 2025 | -4.75% | 3.22% | 12.08% | -3.23% | -11.23% | -8.79% | -3.44% | -3.33% | -6.23% | -4.03% | -0.14% | 0.70% | -27.06% |
| 2024 | -2.33% | -9.12% | -5.31% | 9.49% | -8.30% | -5.91% | -4.35% | -4.46% | -3.30% | 2.65% | -10.15% | 3.70% | -32.89% |
| 2023 | -11.22% | 5.45% | -6.77% | -2.37% | -0.10% | -11.27% | -5.18% | 4.24% | 11.20% | 5.19% | -15.37% | -7.69% | -31.77% |
| 2022 | 10.10% | 4.98% | -8.44% | 18.23% | -2.65% | 16.45% | -16.70% | 8.07% | 20.30% | -15.53% | -11.26% | 12.69% | 29.74% |
| 2021 | 1.35% | -5.87% | -9.08% | -10.28% | -1.94% | -4.85% | -5.05% | -6.12% | 9.45% | -13.08% | 0.89% | -9.22% | -43.61% |
Benchmark Metrics
ProFunds UltraBear Fund has an annualized alpha of 0.99%, beta of -1.97, and R2 of 0.96 versus S&P 500 Index. Calculated based on daily prices since December 22, 1997.
- This fund tended to rise when S&P 500 Index fell (downside capture of -311.32%), but participation in market rallies was also limited (-118.95%) - a profile typical of counter-cyclical assets.
- Beta of -1.97 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.99%
- Beta
- -1.97
- R²
- 0.96
- Upside Capture
- -118.95%
- Downside Capture
- -311.32%
Expense Ratio
URPIX has a high expense ratio of 1.78%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
URPIX 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProFunds UltraBear Fund (URPIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| URPIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.40 | ||
| Sortino ratioReturn per unit of downside risk | -4.88 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.37 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 2.78 | -3.73 |
| Martin ratioReturn relative to average drawdown | -1.59 | 12.44 | -14.03 |
Dividends
Dividend History
ProFunds UltraBear Fund provided a 3.25% dividend yield over the last twelve months, with an annual payout of $0.20 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.20 | $0.20 | $0.00 | $0.46 | $0.00 | $0.00 | $0.15 |
Dividend yield | 3.25% | 2.73% | 0.00% | 3.02% | 0.00% | 0.00% | 0.47% |
Monthly Dividends
The table displays the monthly dividend distributions for ProFunds UltraBear 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.00 | $0.20 |
| 2024 | $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 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 | $0.46 |
| 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 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ProFunds UltraBear 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 UltraBear Fund was 99.92%, occurring on Jun 2, 2026. The portfolio has not yet recovered.
The current ProFunds UltraBear Fund drawdown is 99.92%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -99.92%Jun 2026 | 23y 10mo | — | 23y 11moJul 2002 - now |
Dot-com crash2000–2002 | -64.83%Mar 2000 | 2y 2mo | 2y 3mo | 4y 6moJan 1998 - Jul 2002 |
1998 pullback1998 | -2.01%Jan 1998 | 10d | 1d | 11dDec 1997 - Jan 1998 |
1998 pullback1998 | -0.57%Jan 1998 | 0s | 1d | 1dJan 1998 - Jan 1998 |
Drawdown Indicators
| URPIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -56.78% | -43.14% |
Max Drawdown (1Y)Largest decline over 1 year | -34.91% | -9.10% | -25.81% |
Max Drawdown (3Y)Largest decline over 3 years | -69.89% | -18.90% | -50.99% |
Max Drawdown (5Y)Largest decline over 5 years | -76.97% | -25.43% | -51.54% |
Max Drawdown (10Y)Largest decline over 10 years | -96.96% | -33.92% | -63.04% |
Current DrawdownCurrent decline from peak | -99.92% | -1.80% | -98.12% |
Average DrawdownAverage peak-to-trough decline | -79.09% | -10.71% | -68.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.38% | 2.03% | +19.35% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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