AFBIX vs. BIPIX
AFBIX (Access Flex Bear High Yield ProFund) and BIPIX (ProFunds Biotechnology UltraSector Fund) are both mutual funds - AFBIX is a Inverse Bonds fund managed by ProFunds, while BIPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, AFBIX returned -4.10%/yr vs 8.18%/yr for BIPIX. Their -0.46 correlation means they have often moved in opposite directions in the past. AFBIX charges 1.78%/yr vs 1.49%/yr for BIPIX.
Performance
AFBIX vs. BIPIX - 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 BIPIX's 33.52% return. Over the past 10 years, AFBIX has underperformed BIPIX with an annualized return of -4.10%, while BIPIX has yielded a comparatively higher 8.18% 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%
BIPIX
- 1D
- 3.64%
- 1M
- -8.66%
- 6M
- 29.72%
- YTD
- 33.52%
- 1Y
- 122.13%
- 3Y*
- 15.54%
- 5Y*
- 2.69%
- 10Y*
- 8.18%
- ALL TIME*
- 6.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AFBIX vs. BIPIX - 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% |
BIPIX ProFunds Biotechnology UltraSector Fund | 33.52% | 47.99% | -25.91% | 9.55% | -13.43% | 5.00% | 19.94% | 23.65% | -12.15% | 34.71% |
Correlation
The correlation between AFBIX and BIPIX is -0.48, 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. | -0.48 |
Correlation (3Y) Balances recent behavior with more history. | -0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.49 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | -0.46 |
The correlation between AFBIX and BIPIX has been stable across timeframes, ranging from -0.53 to -0.46 - a consistent structural relationship.
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Return for Risk
AFBIX vs. BIPIX — Risk / Return Rank
AFBIX
BIPIX
AFBIX vs. BIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Access Flex Bear High Yield ProFund (AFBIX) and ProFunds Biotechnology UltraSector Fund (BIPIX). 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 | BIPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.80 | ||
| Sortino ratioReturn per unit of downside risk | -4.58 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.42 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 8.00 | -8.85 |
| Martin ratioReturn relative to average drawdown | -1.42 | 21.22 | -22.64 |
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Drawdowns
AFBIX vs. BIPIX - Drawdown Comparison
The maximum AFBIX drawdown since its inception was -82.12%, roughly equal to the maximum BIPIX drawdown of -84.51%. Use the drawdown chart below to compare losses from any high point for AFBIX and BIPIX.
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Drawdown Indicators
| AFBIX | BIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.12% | -84.51% | +2.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.56% | -15.15% | +11.59% |
Max Drawdown (3Y)Largest decline over 3 years | -17.80% | -59.50% | +41.70% |
Max Drawdown (5Y)Largest decline over 5 years | -21.74% | -63.86% | +42.12% |
Max Drawdown (10Y)Largest decline over 10 years | -34.59% | -63.86% | +29.27% |
Current DrawdownCurrent decline from peak | -82.01% | -11.67% | -70.34% |
Average DrawdownAverage peak-to-trough decline | -57.96% | -37.04% | -20.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 5.70% | -3.53% |
Volatility
AFBIX vs. BIPIX - Volatility Comparison
The current volatility for Access Flex Bear High Yield ProFund (AFBIX) is 0.83%, while ProFunds Biotechnology UltraSector Fund (BIPIX) has a volatility of 11.92%. This indicates that AFBIX experiences smaller price fluctuations and is considered to be less risky than BIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFBIX | BIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 11.92% | -11.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 31.90% | -28.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 40.21% | -36.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.29% | 40.38% | -33.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.89% | 36.54% | -28.65% |
AFBIX vs. BIPIX - Expense Ratio Comparison
AFBIX has a 1.78% expense ratio, which is higher than BIPIX's 1.49% expense ratio.
Dividends
AFBIX vs. BIPIX - Dividend Comparison
AFBIX has not paid dividends to shareholders, while BIPIX's dividend yield for the trailing twelve months is around 0.27%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
BIPIX ProFunds Biotechnology UltraSector Fund | 0.27% | 0.37% | 0.23% | 6.69% | 0.00% | 0.79% | 12.09% | 3.26% | 5.52% | 7.19% |
Frequently Asked Questions
AFBIX and BIPIX have a correlation of -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIPIX has higher volatility (11.92%) compared to AFBIX (0.83%). In terms of maximum drawdown, AFBIX dropped -82.12% vs BIPIX's -84.51%.
BIPIX currently has the higher Sharpe Ratio (3.01 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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