BLPIX vs. USPIX
BLPIX (ProFunds Bull Investor Fund) and USPIX (ProFunds UltraShort NASDAQ-100 Fund) are both mutual funds - BLPIX is a Leveraged Equities fund managed by ProFunds, while USPIX is a Inverse Equities fund managed by ProFunds. Over the past 10 years, BLPIX returned 12.58%/yr vs -39.42%/yr for USPIX. At a correlation of -0.87, they often move in opposite directions. BLPIX charges 1.50%/yr vs 1.68%/yr for USPIX.
Performance
BLPIX vs. USPIX - Performance Comparison
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Returns By Period
In the year-to-date period, BLPIX achieves a 10.25% return, which is significantly higher than USPIX's -28.74% return. Over the past 10 years, BLPIX has outperformed USPIX with an annualized return of 12.58%, while USPIX has yielded a comparatively lower -39.42% annualized return.
BLPIX
- 1D
- 0.38%
- 1M
- 0.71%
- 6M
- 8.71%
- YTD
- 10.25%
- 1Y
- 20.16%
- 3Y*
- 17.29%
- 5Y*
- 10.30%
- 10Y*
- 12.58%
USPIX
- 1D
- 0.62%
- 1M
- 2.53%
- 6M
- -27.23%
- YTD
- -28.74%
- 1Y
- -40.62%
- 3Y*
- -37.05%
- 5Y*
- -31.48%
- 10Y*
- -39.42%
BLPIX vs. USPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BLPIX ProFunds Bull Investor Fund | 10.25% | 15.01% | 20.24% | 24.13% | -19.81% | 23.73% | 16.04% | 28.97% | -6.09% | 19.51% |
USPIX ProFunds UltraShort NASDAQ-100 Fund | -28.74% | -35.26% | -38.20% | -57.06% | 61.80% | -46.20% | -70.91% | -50.15% | -9.56% | -44.56% |
Correlation
The correlation between BLPIX and USPIX is -0.93, 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 | -0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.90 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 1998 | -0.87 |
The correlation between BLPIX and USPIX has been stable across timeframes, ranging from -0.93 to -0.87 - a consistent structural relationship.
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Return for Risk
BLPIX vs. USPIX — Risk / Return Rank
BLPIX
USPIX
BLPIX vs. USPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Bull Investor Fund (BLPIX) 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.
| BLPIX | USPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.75 | ||
| Sortino ratioReturn per unit of downside risk | +3.98 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.82 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | -0.91 | +3.15 |
| Martin ratioReturn relative to average drawdown | 9.68 | -1.75 | +11.43 |
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Drawdowns
BLPIX vs. USPIX - Drawdown Comparison
The maximum BLPIX drawdown since its inception was -57.98%, smaller than the maximum USPIX drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for BLPIX and USPIX.
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Drawdown Indicators
| BLPIX | USPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.98% | -100.00% | +42.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.21% | -45.06% | +35.85% |
Max Drawdown (3Y)Largest decline over 3 years | -18.98% | -80.96% | +61.98% |
Max Drawdown (5Y)Largest decline over 5 years | -26.11% | -89.53% | +63.42% |
Max Drawdown (10Y)Largest decline over 10 years | -33.93% | -99.37% | +65.44% |
Current DrawdownCurrent decline from peak | -0.57% | -100.00% | +99.43% |
Average DrawdownAverage peak-to-trough decline | -13.82% | -96.44% | +82.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 23.30% | -21.17% |
Volatility
BLPIX vs. USPIX - Volatility Comparison
The current volatility for ProFunds Bull Investor Fund (BLPIX) is 3.60%, while ProFunds UltraShort NASDAQ-100 Fund (USPIX) has a volatility of 15.59%. This indicates that BLPIX 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
| BLPIX | USPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 15.59% | -11.99% |
Volatility (6M)Calculated over the trailing 6-month period | 9.98% | 30.47% | -20.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.54% | 37.07% | -24.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.05% | 45.96% | -28.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.72% | 44.63% | -26.91% |
BLPIX vs. USPIX - Expense Ratio Comparison
BLPIX has a 1.50% expense ratio, which is lower than USPIX's 1.68% expense ratio.
Dividends
BLPIX vs. USPIX - Dividend Comparison
BLPIX's dividend yield for the trailing twelve months is around 1.43%, less than USPIX's 3.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BLPIX ProFunds Bull Investor Fund | 1.43% | 1.58% | 0.00% | 0.03% | 0.98% | 6.68% | 5.79% | 1.64% | 0.62% |
USPIX ProFunds UltraShort NASDAQ-100 Fund | 3.80% | 2.71% | 0.00% | 5.92% | 0.00% | 0.00% | 0.07% | 0.36% | 0.00% |
Frequently Asked Questions
BLPIX and USPIX have a correlation of -0.93, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USPIX has higher volatility (15.59%) compared to BLPIX (3.60%). In terms of maximum drawdown, BLPIX dropped -57.98% vs USPIX's -100.00%.
BLPIX currently has the higher Sharpe Ratio (1.65 vs -1.10), 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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