BRPIX vs. AMAT
BRPIX (ProFunds Bear Fund) is Inverse Equities fund managed by ProFunds, while AMAT (Applied Materials, Inc.) is a stock. Over the past 10 years, BRPIX returned -13.79%/yr vs 36.10%/yr for AMAT. Their -0.61 correlation means they have often moved in opposite directions in the past.
Performance
BRPIX vs. AMAT - Performance Comparison
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Returns By Period
In the year-to-date period, BRPIX achieves a -6.47% return, which is significantly lower than AMAT's 98.04% return. Over the past 10 years, BRPIX has underperformed AMAT with an annualized return of -13.79%, while AMAT has yielded a comparatively higher 36.10% annualized return.
BRPIX
- 1D
- -1.61%
- 1M
- 0.83%
- 6M
- -5.43%
- YTD
- -6.47%
- 1Y
- -13.31%
- 3Y*
- -13.67%
- 5Y*
- -10.10%
- 10Y*
- -13.79%
- ALL TIME*
- 0.06%
AMAT
- 1D
- 1.18%
- 1M
- -15.81%
- 6M
- 57.90%
- YTD
- 98.04%
- 1Y
- 184.12%
- 3Y*
- 50.50%
- 5Y*
- 30.49%
- 10Y*
- 36.10%
- ALL TIME*
- 20.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.02B | $4.81B | $5.25B | |
BRPIX ProFunds Bear Fund | $0.00 | $0.00 | $0.00 |
BRPIX vs. AMAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRPIX ProFunds Bear Fund | -6.47% | -12.27% | -20.40% | -15.39% | 17.31% | -24.68% | -25.63% | -23.18% | 4.03% | -18.03% |
AMAT Applied Materials, Inc. | 98.04% | 59.60% | 1.13% | 67.97% | -37.54% | 83.64% | 43.29% | 89.86% | -34.92% | 59.86% |
Correlation
The correlation between BRPIX and AMAT is -0.60, 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. | -0.60 |
Correlation (3Y) Balances recent behavior with more history. | -0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.65 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 1997 | -0.61 |
The correlation between BRPIX and AMAT has been stable across timeframes, ranging from -0.68 to -0.60 - a consistent structural relationship.
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Return for Risk
BRPIX vs. AMAT — Risk / Return Rank
BRPIX
AMAT
BRPIX vs. AMAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Bear Fund (BRPIX) and Applied Materials, Inc. (AMAT). 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.
| BRPIX | AMAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.01 | ||
| Sortino ratioReturn per unit of downside risk | -4.40 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.43 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 4.67 | -5.39 |
| Martin ratioReturn relative to average drawdown | -1.26 | 19.21 | -20.46 |
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Drawdowns
BRPIX vs. AMAT - Drawdown Comparison
The maximum BRPIX drawdown since its inception was -96.76%, which is greater than AMAT's maximum drawdown of -85.22%. Use the drawdown chart below to compare losses from any high point for BRPIX and AMAT.
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Drawdown Indicators
| BRPIX | AMAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.76% | -85.22% | -11.54% |
Max Drawdown (1Y)Largest decline over 1 year | -16.15% | -39.63% | +23.48% |
Max Drawdown (3Y)Largest decline over 3 years | -44.49% | -49.88% | +5.39% |
Max Drawdown (5Y)Largest decline over 5 years | -50.06% | -55.14% | +5.08% |
Max Drawdown (10Y)Largest decline over 10 years | -78.55% | -55.14% | -23.41% |
Current DrawdownCurrent decline from peak | -96.28% | -29.78% | -66.50% |
Average DrawdownAverage peak-to-trough decline | -62.30% | -38.71% | -23.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.18% | 9.62% | -0.44% |
Volatility
BRPIX vs. AMAT - Volatility Comparison
The current volatility for ProFunds Bear Fund (BRPIX) is 3.39%, while Applied Materials, Inc. (AMAT) has a volatility of 25.47%. This indicates that BRPIX experiences smaller price fluctuations and is considered to be less risky than AMAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRPIX | AMAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 25.47% | -22.08% |
Volatility (6M)Calculated over the trailing 6-month period | 10.17% | 50.11% | -39.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.90% | 59.77% | -46.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.28% | 46.71% | -29.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.88% | 44.28% | -26.40% |
Dividends
BRPIX vs. AMAT - Dividend Comparison
BRPIX's dividend yield for the trailing twelve months is around 4.65%, more than AMAT's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMAT Applied Materials, Inc. | 0.38% | 0.69% | 0.93% | 0.75% | 1.05% | 0.60% | 1.01% | 1.36% | 2.14% | 0.78% | 1.24% | 2.14% |
BRPIX ProFunds Bear Fund | 4.65% | 4.35% | 0.00% | 5.58% | 0.00% | 0.00% | 0.06% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BRPIX and AMAT have a correlation of -0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMAT has higher volatility (25.47%) compared to BRPIX (3.39%). In terms of maximum drawdown, BRPIX dropped -96.76% vs AMAT's -85.22%.
AMAT currently has the higher Sharpe Ratio (3.11 vs -0.90), 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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