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 12.22%/yr vs -40.58%/yr for USPIX. At a correlation of -0.56, they often move in opposite directions. 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 11.96% return, which is significantly higher than USPIX's -32.26% return. Over the past 10 years, BKPIX has outperformed USPIX with an annualized return of 12.22%, while USPIX has yielded a comparatively lower -40.58% annualized return.
BKPIX
- 1D
- 1.31%
- 1M
- 6.23%
- YTD
- 11.96%
- 6M
- 7.74%
- 1Y
- 31.09%
- 3Y*
- 34.09%
- 5Y*
- 5.89%
- 10Y*
- 12.22%
USPIX
- 1D
- 0.56%
- 1M
- -6.83%
- YTD
- -32.26%
- 6M
- -30.30%
- 1Y
- -48.38%
- 3Y*
- -39.84%
- 5Y*
- -32.97%
- 10Y*
- -40.58%
BKPIX vs. USPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKPIX ProFunds Banks UltraSector Fund | 11.96% | 11.57% | 28.64% | 9.95% | -30.83% | 52.43% | -30.69% | 55.99% | -27.23% | 26.77% |
USPIX ProFunds UltraShort NASDAQ-100 Fund | -32.26% | -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 -0.31, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.43 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2001 | -0.56 |
Over the past year, the inverse relationship between BKPIX and USPIX has weakened: their correlation has moved from -0.56 to -0.31, 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 | +2.51 | ||
| Sortino ratioReturn per unit of downside risk | +3.99 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.75 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | -1.01 | +2.66 |
| Martin ratioReturn relative to average drawdown | 4.09 | -1.94 | +6.02 |
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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% | -47.36% | +25.67% |
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% | -99.48% | +33.27% |
Current DrawdownCurrent decline from peak | -43.06% | -100.00% | +56.94% |
Average DrawdownAverage peak-to-trough decline | -56.06% | -96.43% | +40.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.72% | 26.85% | -18.13% |
Volatility
BKPIX vs. USPIX - Volatility Comparison
The current volatility for ProFunds Banks UltraSector Fund (BKPIX) is 8.59%, while ProFunds UltraShort NASDAQ-100 Fund (USPIX) has a volatility of 16.48%. 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 | 8.59% | 16.48% | -7.89% |
Volatility (6M)Calculated over the trailing 6-month period | 22.54% | 28.35% | -5.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.41% | 35.40% | -2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.68% | 45.66% | -4.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.44% | 44.62% | -1.18% |
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 1.27%, less than USPIX's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BKPIX ProFunds Banks UltraSector Fund | 1.27% | 1.42% | 0.75% | 1.64% | 0.29% | 0.00% | 0.00% | 0.38% | 1.53% |
USPIX ProFunds UltraShort NASDAQ-100 Fund | 3.99% | 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 -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USPIX has higher volatility (16.48%) compared to BKPIX (8.59%). In terms of maximum drawdown, BKPIX dropped -96.22% vs USPIX's -100.00%.
BKPIX currently has the higher Sharpe Ratio (1.10 vs -1.40), 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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