BIPIX vs. QLD
Compare and contrast key facts about ProFunds Biotechnology UltraSector Fund (BIPIX) and ProShares Ultra QQQ (QLD).
BIPIX is managed by ProFunds. It was launched on Jun 18, 2000. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIPIX or QLD.
Correlation
The correlation between BIPIX and QLD is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BIPIX vs. QLD - Performance Comparison
Key characteristics
BIPIX:
-0.63
QLD:
1.13
BIPIX:
-0.62
QLD:
1.59
BIPIX:
0.91
QLD:
1.21
BIPIX:
-0.52
QLD:
1.58
BIPIX:
-1.41
QLD:
4.88
BIPIX:
19.58%
QLD:
8.47%
BIPIX:
44.30%
QLD:
36.54%
BIPIX:
-84.51%
QLD:
-83.13%
BIPIX:
-48.08%
QLD:
-0.89%
Returns By Period
In the year-to-date period, BIPIX achieves a 3.29% return, which is significantly lower than QLD's 10.05% return. Over the past 10 years, BIPIX has underperformed QLD with an annualized return of -3.79%, while QLD has yielded a comparatively higher 29.32% annualized return.
BIPIX
3.29%
7.36%
-34.31%
-26.44%
-6.02%
-3.79%
QLD
10.05%
6.18%
19.98%
46.13%
27.77%
29.32%
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BIPIX vs. QLD - Expense Ratio Comparison
BIPIX has a 1.49% expense ratio, which is higher than QLD's 0.95% expense ratio.
Risk-Adjusted Performance
BIPIX vs. QLD — Risk-Adjusted Performance Rank
BIPIX
QLD
BIPIX vs. QLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Biotechnology UltraSector Fund (BIPIX) and ProShares Ultra QQQ (QLD). 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.
Dividends
BIPIX vs. QLD - Dividend Comparison
BIPIX's dividend yield for the trailing twelve months is around 0.22%, less than QLD's 0.23% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
BIPIX ProFunds Biotechnology UltraSector Fund | 0.22% | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.23% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% |
Drawdowns
BIPIX vs. QLD - Drawdown Comparison
The maximum BIPIX drawdown since its inception was -84.51%, roughly equal to the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for BIPIX and QLD. For additional features, visit the drawdowns tool.
Volatility
BIPIX vs. QLD - Volatility Comparison
ProFunds Biotechnology UltraSector Fund (BIPIX) and ProShares Ultra QQQ (QLD) have volatilities of 9.45% and 9.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.