BKPIX vs. USPIX
BKPIX (ProFunds Banks UltraSector Fund) and USPIX (ProFunds UltraShort NASDAQ-100 Fund) are both mutual funds - BKPIX is a Leveraged Equities fund managed by ProFunds, while USPIX is a Inverse Equities fund managed by ProFunds. Over the past 10 years, BKPIX returned 12.18%/yr vs -38.57%/yr for USPIX. Their -0.55 correlation means they have often moved in opposite directions in the past. BKPIX charges 1.71%/yr vs 1.68%/yr for USPIX.
Performance
BKPIX vs. USPIX - Performance Comparison
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Returns By Period
In the year-to-date period, BKPIX achieves a 20.78% return, which is significantly higher than USPIX's -22.77% return. Over the past 10 years, BKPIX has outperformed USPIX with an annualized return of 12.18%, while USPIX has yielded a comparatively lower -38.57% annualized return.
BKPIX
- 1D
- 0.29%
- 1M
- 1.87%
- 6M
- 10.88%
- YTD
- 20.78%
- 1Y
- 38.42%
- 3Y*
- 26.20%
- 5Y*
- 7.94%
- 10Y*
- 12.18%
- ALL TIME*
- 4.52%
USPIX
- 1D
- -1.21%
- 1M
- 7.06%
- 6M
- -20.05%
- YTD
- -22.77%
- 1Y
- -36.65%
- 3Y*
- -34.99%
- 5Y*
- -29.81%
- 10Y*
- -38.57%
- ALL TIME*
- -35.22%
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 |
BKPIX vs. USPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKPIX ProFunds Banks UltraSector Fund | 20.78% | 11.57% | 28.64% | 9.95% | -30.83% | 52.43% | -30.69% | 55.99% | -27.23% | 26.77% |
USPIX ProFunds UltraShort NASDAQ-100 Fund | -22.77% | -35.26% | -38.20% | -57.06% | 61.80% | -46.20% | -70.91% | -50.15% | -9.56% | -44.56% |
Correlation
The correlation between BKPIX and USPIX is -0.26, 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. | -0.26 |
Correlation (3Y) Balances recent behavior with more history. | -0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.46 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.42 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2001 | -0.55 |
Over the past year, the inverse relationship between BKPIX and USPIX has weakened: their correlation has moved from -0.55 to -0.26, meaning they move in opposite directions less often than they have historically.
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Return for Risk
BKPIX vs. USPIX — Risk / Return Rank
BKPIX
USPIX
BKPIX vs. USPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Banks UltraSector Fund (BKPIX) and ProFunds UltraShort NASDAQ-100 Fund (USPIX). 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.
| BKPIX | USPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +2.86 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.86 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | -0.76 | +2.38 |
| Martin ratioReturn relative to average drawdown | 4.06 | -1.39 | +5.45 |
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Drawdowns
BKPIX vs. USPIX - Drawdown Comparison
The maximum BKPIX drawdown since its inception was -96.22%, roughly equal to the maximum USPIX drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for BKPIX and USPIX.
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Drawdown Indicators
| BKPIX | USPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.22% | -100.00% | +3.78% |
Max Drawdown (1Y)Largest decline over 1 year | -21.69% | -44.62% | +22.93% |
Max Drawdown (3Y)Largest decline over 3 years | -37.94% | -80.96% | +43.02% |
Max Drawdown (5Y)Largest decline over 5 years | -61.71% | -89.53% | +27.82% |
Max Drawdown (10Y)Largest decline over 10 years | -66.21% | -99.34% | +33.13% |
Current DrawdownCurrent decline from peak | -38.58% | -100.00% | +61.42% |
Average DrawdownAverage peak-to-trough decline | -55.98% | -96.45% | +40.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.63% | 24.65% | -16.02% |
Volatility
BKPIX vs. USPIX - Volatility Comparison
The current volatility for ProFunds Banks UltraSector Fund (BKPIX) is 7.75%, while ProFunds UltraShort NASDAQ-100 Fund (USPIX) has a volatility of 13.72%. This indicates that BKPIX experiences smaller price fluctuations and is considered to be less risky than USPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKPIX | USPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.75% | 13.72% | -5.97% |
Volatility (6M)Calculated over the trailing 6-month period | 21.67% | 31.91% | -10.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.83% | 38.66% | -6.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.45% | 46.15% | -5.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.24% | 44.75% | -1.51% |
BKPIX vs. USPIX - Expense Ratio Comparison
BKPIX has a 1.71% expense ratio, which is higher than USPIX's 1.68% expense ratio.
Dividends
BKPIX vs. USPIX - Dividend Comparison
BKPIX's dividend yield for the trailing twelve months is around 1.17%, less than USPIX's 3.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BKPIX ProFunds Banks UltraSector Fund | 1.17% | 1.42% | 0.75% | 1.64% | 0.29% | 0.00% | 0.00% | 0.38% | 1.53% |
USPIX ProFunds UltraShort NASDAQ-100 Fund | 3.50% | 2.71% | 0.00% | 5.92% | 0.00% | 0.00% | 0.07% | 0.36% | 0.00% |
Frequently Asked Questions
BKPIX and USPIX have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USPIX has higher volatility (13.72%) compared to BKPIX (7.75%). In terms of maximum drawdown, BKPIX dropped -96.22% vs USPIX's -100.00%.
BKPIX currently has the higher Sharpe Ratio (1.10 vs -0.89), 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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