AFBIX vs. AMAT
AFBIX (Access Flex Bear High Yield ProFund) is Inverse Bonds fund managed by ProFunds, while AMAT (Applied Materials, Inc.) is a stock. Over the past 10 years, AFBIX returned -4.10%/yr vs 36.10%/yr for AMAT. Their -0.42 correlation means they have often moved in opposite directions in the past.
Performance
AFBIX vs. AMAT - Performance Comparison
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Returns By Period
In the year-to-date period, AFBIX achieves a -0.91% return, which is significantly lower than AMAT's 98.04% return. Over the past 10 years, AFBIX has underperformed AMAT with an annualized return of -4.10%, while AMAT has yielded a comparatively higher 36.10% annualized return.
AFBIX
- 1D
- -0.29%
- 1M
- 0.37%
- 6M
- -0.44%
- YTD
- -0.91%
- 1Y
- -2.99%
- 3Y*
- -4.33%
- 5Y*
- -1.89%
- 10Y*
- -4.10%
- ALL TIME*
- -7.67%
AMAT
- 1D
- 1.18%
- 1M
- -15.81%
- 6M
- 57.90%
- YTD
- 98.04%
- 1Y
- 184.12%
- 3Y*
- 50.50%
- 5Y*
- 30.49%
- 10Y*
- 36.10%
- ALL TIME*
- 20.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $4.02B | $4.81B | $5.25B |
AFBIX vs. AMAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AFBIX Access Flex Bear High Yield ProFund | -0.91% | -5.24% | -3.07% | -6.30% | 8.01% | -4.55% | -6.63% | -12.62% | -0.42% | -4.51% |
AMAT Applied Materials, Inc. | 98.04% | 59.60% | 1.13% | 67.97% | -37.54% | 83.64% | 43.29% | 89.86% | -34.92% | 59.86% |
Correlation
The correlation between AFBIX and AMAT is -0.43, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.43 |
Correlation (3Y) Balances recent behavior with more history. | -0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.47 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.44 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | -0.42 |
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Return for Risk
AFBIX vs. AMAT — Risk / Return Rank
AFBIX
AMAT
AFBIX vs. AMAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Access Flex Bear High Yield ProFund (AFBIX) and Applied Materials, Inc. (AMAT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AFBIX | AMAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.90 | ||
| Sortino ratioReturn per unit of downside risk | -4.20 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.43 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 4.67 | -5.53 |
| Martin ratioReturn relative to average drawdown | -1.42 | 19.21 | -20.62 |
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Drawdowns
AFBIX vs. AMAT - Drawdown Comparison
The maximum AFBIX drawdown since its inception was -82.12%, roughly equal to the maximum AMAT drawdown of -85.22%. Use the drawdown chart below to compare losses from any high point for AFBIX and AMAT.
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Drawdown Indicators
| AFBIX | AMAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.12% | -85.22% | +3.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.56% | -39.63% | +36.07% |
Max Drawdown (3Y)Largest decline over 3 years | -17.80% | -49.88% | +32.08% |
Max Drawdown (5Y)Largest decline over 5 years | -21.74% | -55.14% | +33.40% |
Max Drawdown (10Y)Largest decline over 10 years | -34.59% | -55.14% | +20.55% |
Current DrawdownCurrent decline from peak | -82.01% | -29.78% | -52.23% |
Average DrawdownAverage peak-to-trough decline | -57.96% | -38.71% | -19.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 9.62% | -7.45% |
Volatility
AFBIX vs. AMAT - Volatility Comparison
The current volatility for Access Flex Bear High Yield ProFund (AFBIX) is 0.83%, while Applied Materials, Inc. (AMAT) has a volatility of 25.47%. This indicates that AFBIX experiences smaller price fluctuations and is considered to be less risky than AMAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFBIX | AMAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 25.47% | -24.64% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 50.11% | -46.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 59.77% | -55.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.29% | 46.71% | -39.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.89% | 44.28% | -36.39% |
Dividends
AFBIX vs. AMAT - Dividend Comparison
AFBIX has not paid dividends to shareholders, while AMAT's dividend yield for the trailing twelve months is around 0.38%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFBIX Access Flex Bear High Yield ProFund | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AMAT Applied Materials, Inc. | 0.38% | 0.69% | 0.93% | 0.75% | 1.05% | 0.60% | 1.01% | 1.36% | 2.14% | 0.78% | 1.24% | 2.14% |
Frequently Asked Questions
AFBIX and AMAT have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMAT has higher volatility (25.47%) compared to AFBIX (0.83%). In terms of maximum drawdown, AFBIX dropped -82.12% vs AMAT's -85.22%.
AMAT currently has the higher Sharpe Ratio (3.11 vs -0.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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