AFBIX vs. OTPIX
AFBIX (Access Flex Bear High Yield ProFund) and OTPIX (ProFunds NASDAQ-100 Fund) are both mutual funds - AFBIX is a Inverse Bonds fund managed by ProFunds, while OTPIX is a Large Cap Growth Equities fund managed by ProFunds. Over the past 10 years, AFBIX returned -4.14%/yr vs 5.21%/yr for OTPIX. At a correlation of -0.57, they often move in opposite directions. AFBIX charges 1.78%/yr vs 1.48%/yr for OTPIX.
Performance
AFBIX vs. OTPIX - Performance Comparison
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Returns By Period
In the year-to-date period, AFBIX achieves a -1.42% return, which is significantly lower than OTPIX's 15.97% return. Over the past 10 years, AFBIX has underperformed OTPIX with an annualized return of -4.14%, while OTPIX has yielded a comparatively higher 5.21% annualized return.
AFBIX
- 1D
- -0.18%
- 1M
- -0.26%
- 6M
- -0.99%
- YTD
- -1.42%
- 1Y
- -3.66%
- 3Y*
- -4.63%
- 5Y*
- -2.05%
- 10Y*
- -4.14%
OTPIX
- 1D
- -0.28%
- 1M
- -1.68%
- 6M
- 14.69%
- YTD
- 15.97%
- 1Y
- 27.07%
- 3Y*
- -23.18%
- 5Y*
- -11.17%
- 10Y*
- 5.21%
AFBIX vs. OTPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AFBIX Access Flex Bear High Yield ProFund | -1.42% | -5.24% | -3.07% | -6.30% | 8.01% | -4.55% | -6.63% | -12.62% | -0.42% | -4.51% |
OTPIX ProFunds NASDAQ-100 Fund | 15.97% | 18.08% | -69.20% | 51.66% | -34.36% | 48.75% | 45.00% | 36.58% | -1.75% | 29.45% |
Correlation
The correlation between AFBIX and OTPIX is -0.66, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | -0.57 |
The correlation between AFBIX and OTPIX has been stable across timeframes, ranging from -0.66 to -0.57 - a consistent structural relationship.
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Return for Risk
AFBIX vs. OTPIX — Risk / Return Rank
AFBIX
OTPIX
AFBIX vs. OTPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Access Flex Bear High Yield ProFund (AFBIX) and ProFunds NASDAQ-100 Fund (OTPIX). 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 | OTPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.49 | ||
| Sortino ratioReturn per unit of downside risk | -3.38 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.26 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -1.05 | 2.18 | -3.23 |
| Martin ratioReturn relative to average drawdown | -1.77 | 7.65 | -9.42 |
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Drawdowns
AFBIX vs. OTPIX - Drawdown Comparison
The maximum AFBIX drawdown since its inception was -82.12%, roughly equal to the maximum OTPIX drawdown of -79.55%. Use the drawdown chart below to compare losses from any high point for AFBIX and OTPIX.
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Drawdown Indicators
| AFBIX | OTPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.12% | -79.55% | -2.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.63% | -12.53% | +8.90% |
Max Drawdown (3Y)Largest decline over 3 years | -17.80% | -79.55% | +61.75% |
Max Drawdown (5Y)Largest decline over 5 years | -21.74% | -79.55% | +57.81% |
Max Drawdown (10Y)Largest decline over 10 years | -34.75% | -79.55% | +44.80% |
Current DrawdownCurrent decline from peak | -82.11% | -65.44% | -16.67% |
Average DrawdownAverage peak-to-trough decline | -57.91% | -22.98% | -34.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 3.56% | -1.14% |
Volatility
AFBIX vs. OTPIX - Volatility Comparison
The current volatility for Access Flex Bear High Yield ProFund (AFBIX) is 0.80%, while ProFunds NASDAQ-100 Fund (OTPIX) has a volatility of 7.79%. This indicates that AFBIX experiences smaller price fluctuations and is considered to be less risky than OTPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFBIX | OTPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 7.79% | -6.99% |
Volatility (6M)Calculated over the trailing 6-month period | 3.15% | 15.27% | -12.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 18.53% | -14.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.29% | 41.97% | -34.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.89% | 33.31% | -25.42% |
AFBIX vs. OTPIX - Expense Ratio Comparison
AFBIX has a 1.78% expense ratio, which is higher than OTPIX's 1.48% expense ratio.
Dividends
AFBIX vs. OTPIX - Dividend Comparison
AFBIX has not paid dividends to shareholders, while OTPIX's dividend yield for the trailing twelve months is around 1.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AFBIX Access Flex Bear High Yield ProFund | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% |
OTPIX ProFunds NASDAQ-100 Fund | 1.49% | 1.72% | 0.76% | 0.00% | 0.00% | 18.31% | 1.10% | 0.87% |
Frequently Asked Questions
AFBIX and OTPIX have a correlation of -0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OTPIX has higher volatility (7.79%) compared to AFBIX (0.80%). In terms of maximum drawdown, AFBIX dropped -82.12% vs OTPIX's -79.55%.
OTPIX currently has the higher Sharpe Ratio (1.47 vs -1.02), 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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