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.
Performance
BIPIX vs. QLD - Performance Comparison
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BIPIX vs. QLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIPIX ProFunds Biotechnology UltraSector Fund | -5.32% | 47.99% | -5.81% | 9.55% | -13.43% | 5.00% | 19.94% | 23.65% | -12.15% | 34.71% |
QLD ProShares Ultra QQQ | -13.35% | 30.36% | 42.82% | 117.72% | -60.52% | 54.67% | 88.90% | 81.69% | -8.31% | 70.34% |
Returns By Period
In the year-to-date period, BIPIX achieves a -5.32% return, which is significantly higher than QLD's -13.35% return. Over the past 10 years, BIPIX has underperformed QLD with an annualized return of 8.28%, while QLD has yielded a comparatively higher 29.40% annualized return.
BIPIX
- 1D
- -0.99%
- 1M
- -10.46%
- YTD
- -5.32%
- 6M
- 26.06%
- 1Y
- 66.71%
- 3Y*
- 16.68%
- 5Y*
- 4.74%
- 10Y*
- 8.28%
QLD
- 1D
- 6.72%
- 1M
- -10.26%
- YTD
- -13.35%
- 6M
- -11.03%
- 1Y
- 37.53%
- 3Y*
- 35.41%
- 5Y*
- 15.27%
- 10Y*
- 29.40%
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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.
Return for Risk
BIPIX vs. QLD — Risk / Return Rank
BIPIX
QLD
BIPIX vs. QLD - Risk-Adjusted Trends 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.
| BIPIX | QLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 0.84 | +0.50 |
Sortino ratioReturn per unit of downside risk | 1.89 | 1.43 | +0.45 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.20 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.12 | 1.49 | +0.63 |
Martin ratioReturn relative to average drawdown | 7.76 | 4.88 | +2.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BIPIX | QLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 0.84 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.34 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.66 | -0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.53 | -0.36 |
Correlation
The correlation between BIPIX and QLD is 0.64, 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.
Dividends
BIPIX vs. QLD - Dividend Comparison
BIPIX's dividend yield for the trailing twelve months is around 0.39%, more than QLD's 0.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIPIX ProFunds Biotechnology UltraSector Fund | 0.39% | 0.37% | 28.81% | 6.69% | 0.00% | 0.79% | 12.09% | 3.26% | 5.52% | 7.19% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.19% | 0.17% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.21% | 0.11% |
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.
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Drawdown Indicators
| BIPIX | QLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.51% | -83.13% | -1.38% |
Max Drawdown (1Y)Largest decline over 1 year | -19.79% | -25.13% | +5.34% |
Max Drawdown (5Y)Largest decline over 5 years | -54.56% | -63.68% | +9.12% |
Max Drawdown (10Y)Largest decline over 10 years | -54.56% | -63.68% | +9.12% |
Current DrawdownCurrent decline from peak | -15.15% | -20.10% | +4.95% |
Average DrawdownAverage peak-to-trough decline | -36.73% | -18.30% | -18.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.92% | 7.67% | -0.75% |
Volatility
BIPIX vs. QLD - Volatility Comparison
ProFunds Biotechnology UltraSector Fund (BIPIX) and ProShares Ultra QQQ (QLD) have volatilities of 13.15% and 12.96%, 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.
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Volatility by Period
| BIPIX | QLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.15% | 12.96% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 26.85% | 25.55% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.70% | 44.91% | -2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.38% | 44.77% | -7.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.34% | 44.47% | -9.13% |