BIPIX vs. ENPIX
BIPIX (ProFunds Biotechnology UltraSector Fund) and ENPIX (ProFunds UltraSector Oil & Gas Fund) are both Leveraged Equities funds from ProFunds. Over the past 10 years, BIPIX returned 8.18%/yr vs 7.88%/yr for ENPIX. Their 0.34 correlation means their historical movements had little consistent relationship. BIPIX charges 1.49%/yr vs 1.51%/yr for ENPIX.
Performance
BIPIX vs. ENPIX - Performance Comparison
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Returns By Period
In the year-to-date period, BIPIX achieves a 33.52% return, which is significantly lower than ENPIX's 48.84% return. Both investments have delivered pretty close results over the past 10 years, with BIPIX having a 8.18% annualized return and ENPIX not far behind at 7.88%.
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%
ENPIX
- 1D
- 0.83%
- 1M
- 15.87%
- 6M
- 22.86%
- YTD
- 48.84%
- 1Y
- 59.39%
- 3Y*
- 14.50%
- 5Y*
- 28.19%
- 10Y*
- 7.88%
- ALL TIME*
- 5.22%
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 |
BIPIX vs. ENPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
ENPIX ProFunds UltraSector Oil & Gas Fund | 48.84% | 4.99% | 2.30% | -7.46% | 92.17% | 82.32% | -53.71% | 10.35% | -30.54% | -5.59% |
Correlation
The correlation between BIPIX and ENPIX is -0.15, 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. | -0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2000 | 0.34 |
The correlation between BIPIX and ENPIX shifts across timeframes, from -0.15 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BIPIX vs. ENPIX — Risk / Return Rank
BIPIX
ENPIX
BIPIX vs. ENPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Biotechnology UltraSector Fund (BIPIX) and ProFunds UltraSector Oil & Gas Fund (ENPIX). 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.
| BIPIX | ENPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.27 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 8.00 | 2.35 | +5.65 |
| Martin ratioReturn relative to average drawdown | 21.22 | 6.10 | +15.12 |
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Drawdowns
BIPIX vs. ENPIX - Drawdown Comparison
The maximum BIPIX drawdown since its inception was -84.51%, smaller than the maximum ENPIX drawdown of -90.12%. Use the drawdown chart below to compare losses from any high point for BIPIX and ENPIX.
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Drawdown Indicators
| BIPIX | ENPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.51% | -90.12% | +5.61% |
Max Drawdown (1Y)Largest decline over 1 year | -15.15% | -23.01% | +7.86% |
Max Drawdown (3Y)Largest decline over 3 years | -59.50% | -32.27% | -27.23% |
Max Drawdown (5Y)Largest decline over 5 years | -63.86% | -36.48% | -27.38% |
Max Drawdown (10Y)Largest decline over 10 years | -63.86% | -84.54% | +20.68% |
Current DrawdownCurrent decline from peak | -11.67% | -9.70% | -1.97% |
Average DrawdownAverage peak-to-trough decline | -37.04% | -36.77% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.70% | 8.88% | -3.18% |
Volatility
BIPIX vs. ENPIX - Volatility Comparison
ProFunds Biotechnology UltraSector Fund (BIPIX) has a higher volatility of 11.92% compared to ProFunds UltraSector Oil & Gas Fund (ENPIX) at 9.02%. This indicates that BIPIX's price experiences larger fluctuations and is considered to be riskier than ENPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIPIX | ENPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.92% | 9.02% | +2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 31.90% | 25.12% | +6.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.21% | 31.65% | +8.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.38% | 38.45% | +1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.54% | 44.70% | -8.16% |
BIPIX vs. ENPIX - Expense Ratio Comparison
BIPIX has a 1.49% expense ratio, which is lower than ENPIX's 1.51% expense ratio.
Dividends
BIPIX vs. ENPIX - Dividend Comparison
BIPIX's dividend yield for the trailing twelve months is around 0.27%, less than ENPIX's 1.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
ENPIX ProFunds UltraSector Oil & Gas Fund | 1.86% | 2.76% | 3.19% | 0.87% | 2.76% | 1.59% | 1.76% | 1.34% | 1.76% | 0.84% | 0.57% | 0.56% |
Frequently Asked Questions
BIPIX and ENPIX have a correlation of -0.15, 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 ENPIX (9.02%). In terms of maximum drawdown, BIPIX dropped -84.51% vs ENPIX's -90.12%.
BIPIX currently has the higher Sharpe Ratio (3.01 vs 1.71), 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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