BIPIX vs. UOPIX
BIPIX (ProFunds Biotechnology UltraSector Fund) and UOPIX (ProFunds UltraNASDAQ-100 Fund) are both Leveraged Equities funds from ProFunds. Over the past 10 years, BIPIX returned 10.69%/yr vs 33.40%/yr for UOPIX. A 0.65 correlation means they provide meaningful diversification when combined. BIPIX charges 1.49%/yr vs 1.47%/yr for UOPIX.
Performance
BIPIX vs. UOPIX - Performance Comparison
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Returns By Period
In the year-to-date period, BIPIX achieves a 51.16% return, which is significantly higher than UOPIX's 31.92% return. Over the past 10 years, BIPIX has underperformed UOPIX with an annualized return of 10.69%, while UOPIX has yielded a comparatively higher 33.40% annualized return.
BIPIX
- 1D
- 1.10%
- 1M
- 35.62%
- 6M
- 46.75%
- YTD
- 51.16%
- 1Y
- 145.60%
- 3Y*
- 20.33%
- 5Y*
- 6.10%
- 10Y*
- 10.69%
UOPIX
- 1D
- 3.23%
- 1M
- -0.30%
- 6M
- 26.92%
- YTD
- 31.92%
- 1Y
- 57.23%
- 3Y*
- 42.98%
- 5Y*
- 18.99%
- 10Y*
- 33.40%
BIPIX vs. UOPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIPIX ProFunds Biotechnology UltraSector Fund | 51.16% | 47.99% | -25.91% | 9.55% | -13.43% | 5.00% | 19.94% | 23.65% | -12.15% | 34.71% |
UOPIX ProFunds UltraNASDAQ-100 Fund | 31.92% | 30.26% | 41.75% | 115.97% | -60.70% | 48.28% | 86.57% | 80.53% | -9.41% | 68.58% |
Correlation
The correlation between BIPIX and UOPIX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2000 | 0.65 |
Over the past year, the correlation between BIPIX and UOPIX has dropped to 0.37 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
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Return for Risk
BIPIX vs. UOPIX — Risk / Return Rank
BIPIX
UOPIX
BIPIX vs. UOPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Biotechnology UltraSector Fund (BIPIX) and ProFunds UltraNASDAQ-100 Fund (UOPIX). 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 | UOPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.09 | ||
| Sortino ratioReturn per unit of downside risk | +2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.26 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 9.44 | 2.25 | +7.18 |
| Martin ratioReturn relative to average drawdown | 27.61 | 7.49 | +20.12 |
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Drawdowns
BIPIX vs. UOPIX - Drawdown Comparison
The maximum BIPIX drawdown since its inception was -84.51%, smaller than the maximum UOPIX drawdown of -99.00%. Use the drawdown chart below to compare losses from any high point for BIPIX and UOPIX.
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Drawdown Indicators
| BIPIX | UOPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.51% | -99.00% | +14.49% |
Max Drawdown (1Y)Largest decline over 1 year | -15.15% | -24.97% | +9.82% |
Max Drawdown (3Y)Largest decline over 3 years | -59.50% | -42.52% | -16.98% |
Max Drawdown (5Y)Largest decline over 5 years | -63.86% | -65.01% | +1.15% |
Max Drawdown (10Y)Largest decline over 10 years | -63.86% | -65.01% | +1.15% |
Current DrawdownCurrent decline from peak | 0.00% | -7.36% | +7.36% |
Average DrawdownAverage peak-to-trough decline | -37.10% | -67.49% | +30.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.17% | 7.50% | -2.33% |
Volatility
BIPIX vs. UOPIX - Volatility Comparison
The current volatility for ProFunds Biotechnology UltraSector Fund (BIPIX) is 10.21%, while ProFunds UltraNASDAQ-100 Fund (UOPIX) has a volatility of 17.07%. This indicates that BIPIX experiences smaller price fluctuations and is considered to be less risky than UOPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIPIX | UOPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.21% | 17.07% | -6.86% |
Volatility (6M)Calculated over the trailing 6-month period | 31.83% | 30.36% | +1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.92% | 36.88% | +3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.15% | 45.85% | -5.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.44% | 44.41% | -7.97% |
BIPIX vs. UOPIX - Expense Ratio Comparison
BIPIX has a 1.49% expense ratio, which is higher than UOPIX's 1.47% expense ratio.
Dividends
BIPIX vs. UOPIX - Dividend Comparison
BIPIX's dividend yield for the trailing twelve months is around 0.24%, less than UOPIX's 13.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BIPIX ProFunds Biotechnology UltraSector Fund | 0.24% | 0.37% | 0.23% | 6.69% | 0.00% | 0.79% | 12.09% | 3.26% | 5.52% | 7.19% |
UOPIX ProFunds UltraNASDAQ-100 Fund | 13.85% | 18.27% | 0.41% | 0.00% | 5.64% | 11.03% | 9.78% | 5.78% | 6.73% | 0.00% |
Frequently Asked Questions
BIPIX and UOPIX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UOPIX has higher volatility (17.07%) compared to BIPIX (10.21%). In terms of maximum drawdown, BIPIX dropped -84.51% vs UOPIX's -99.00%.
BIPIX currently has the higher Sharpe Ratio (3.61 vs 1.53), 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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