BIPIX vs. UWPIX
BIPIX (ProFunds Biotechnology UltraSector Fund) and UWPIX (ProFunds UltraShort Dow 30 Fund) are both mutual funds - BIPIX is a Leveraged Equities fund managed by ProFunds, while UWPIX is a Inverse Equities fund managed by ProFunds. Over the past 10 years, BIPIX returned 8.18%/yr vs -25.66%/yr for UWPIX. Their -0.60 correlation means they have often moved in opposite directions in the past. BIPIX charges 1.49%/yr vs 1.78%/yr for UWPIX.
Performance
BIPIX vs. UWPIX - Performance Comparison
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Returns By Period
In the year-to-date period, BIPIX achieves a 33.52% return, which is significantly higher than UWPIX's -14.90% return. Over the past 10 years, BIPIX has outperformed UWPIX with an annualized return of 8.18%, while UWPIX has yielded a comparatively lower -25.66% annualized return.
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%
UWPIX
- 1D
- -2.33%
- 1M
- 2.86%
- 6M
- -12.22%
- YTD
- -14.90%
- 1Y
- -28.82%
- 3Y*
- -22.13%
- 5Y*
- -16.97%
- 10Y*
- -25.66%
- ALL TIME*
- -11.51%
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. UWPIX - 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% |
UWPIX ProFunds UltraShort Dow 30 Fund | -14.90% | -23.48% | -20.75% | -18.56% | 5.91% | -35.49% | -45.69% | -36.17% | 1.45% | -39.01% |
Correlation
The correlation between BIPIX and UWPIX is -0.46, 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. | -0.46 |
Correlation (3Y) Balances recent behavior with more history. | -0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.56 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2004 | -0.60 |
The correlation between BIPIX and UWPIX shifts across timeframes, from -0.60 (all time) to -0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BIPIX vs. UWPIX — Risk / Return Rank
BIPIX
UWPIX
BIPIX vs. UWPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Biotechnology UltraSector Fund (BIPIX) and ProFunds UltraShort Dow 30 Fund (UWPIX). 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 | UWPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.05 | ||
| Sortino ratioReturn per unit of downside risk | +4.97 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.84 | +0.59 |
| Calmar ratioReturn relative to maximum drawdown | 8.00 | -0.84 | +8.83 |
| Martin ratioReturn relative to average drawdown | 21.22 | -1.41 | +22.64 |
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Drawdowns
BIPIX vs. UWPIX - Drawdown Comparison
The maximum BIPIX drawdown since its inception was -84.51%, smaller than the maximum UWPIX drawdown of -99.79%. Use the drawdown chart below to compare losses from any high point for BIPIX and UWPIX.
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Drawdown Indicators
| BIPIX | UWPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.51% | -99.79% | +15.28% |
Max Drawdown (1Y)Largest decline over 1 year | -15.15% | -31.18% | +16.03% |
Max Drawdown (3Y)Largest decline over 3 years | -59.50% | -62.72% | +3.22% |
Max Drawdown (5Y)Largest decline over 5 years | -63.86% | -70.10% | +6.24% |
Max Drawdown (10Y)Largest decline over 10 years | -63.86% | -95.20% | +31.34% |
Current DrawdownCurrent decline from peak | -11.67% | -99.78% | +88.11% |
Average DrawdownAverage peak-to-trough decline | -37.04% | -77.79% | +40.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.70% | 18.38% | -12.68% |
Volatility
BIPIX vs. UWPIX - Volatility Comparison
ProFunds Biotechnology UltraSector Fund (BIPIX) has a higher volatility of 11.92% compared to ProFunds UltraShort Dow 30 Fund (UWPIX) at 7.27%. This indicates that BIPIX's price experiences larger fluctuations and is considered to be riskier than UWPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIPIX | UWPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.92% | 7.27% | +4.65% |
Volatility (6M)Calculated over the trailing 6-month period | 31.90% | 19.84% | +12.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.21% | 25.13% | +15.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.38% | 30.03% | +10.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.54% | 34.96% | +1.58% |
BIPIX vs. UWPIX - Expense Ratio Comparison
BIPIX has a 1.49% expense ratio, which is lower than UWPIX's 1.78% expense ratio.
Dividends
BIPIX vs. UWPIX - Dividend Comparison
BIPIX's dividend yield for the trailing twelve months is around 0.27%, less than UWPIX's 5.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
UWPIX ProFunds UltraShort Dow 30 Fund | 5.31% | 4.51% | 0.00% | 2.28% | 0.00% | 0.00% | 0.00% | 0.35% | 0.00% | 0.00% |
Frequently Asked Questions
BIPIX and UWPIX have a correlation of -0.46, 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 UWPIX (7.27%). In terms of maximum drawdown, BIPIX dropped -84.51% vs UWPIX's -99.79%.
BIPIX currently has the higher Sharpe Ratio (3.01 vs -1.04), 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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