BRPIX vs. AMAT

Last updated Jul 14, 2026

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 -14.06%/yr vs 37.62%/yr for AMAT. At a correlation of -0.61, they often move in opposite directions.

Performance

BRPIX vs. AMAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds Bear Fund (BRPIX) and Applied Materials, Inc. (AMAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRPIX achieves a -8.33% return, which is significantly lower than AMAT's 124.45% return. Over the past 10 years, BRPIX has underperformed AMAT with an annualized return of -14.06%, while AMAT has yielded a comparatively higher 37.62% annualized return.

BRPIX

• 1D: -0.48%
• 1M: -1.65%
• 6M: -6.70%
• YTD: -8.33%
• 1Y: -14.45%
• 3Y*: -15.07%
• 5Y*: -10.61%
• 10Y*: -14.06%

AMAT

• 1D: -4.50%
• 1M: 1.43%
• 6M: 87.74%
• YTD: 124.45%
• 1Y: 192.84%
• 3Y*: 60.46%
• 5Y*: 34.64%
• 10Y*: 37.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BRPIX vs. AMAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRPIX ProFunds Bear Fund	-8.33%	-12.27%	-20.40%	-15.39%	17.31%	-24.68%	-25.63%	-23.18%	4.03%	-18.03%
AMAT Applied Materials, Inc.	124.45%	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 -0.58, 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	-0.58
Correlation (3Y) Calculated over the trailing 3-year period	-0.64
Correlation (5Y) Calculated over the trailing 5-year period	-0.68
Correlation (10Y) Calculated over the trailing 10-year period	-0.65
Correlation (All Time) Calculated using the full available price history since Dec 30, 1997	-0.61

The correlation between BRPIX and AMAT shifts across timeframes, from -0.68 (5 years) to -0.58 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BRPIX vs. AMAT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BRPIX

BRPIX Risk / Return Rank: 0
BRPIX Sharpe Ratio Rank: 0
BRPIX Sortino Ratio Rank: 0
BRPIX Omega Ratio Rank: 0
BRPIX Calmar Ratio Rank: 0
BRPIX Martin Ratio Rank: 0

AMAT

AMAT Risk / Return Rank: 96
AMAT Sharpe Ratio Rank: 98
AMAT Sortino Ratio Rank: 94
AMAT Omega Ratio Rank: 94
AMAT Calmar Ratio Rank: 98
AMAT Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio: Return per unit of total volatility	-1.13	3.50	-4.63
Sortino ratio: Return per unit of downside risk	-1.60	3.38	-4.98
Omega ratio: Gain probability vs. loss probability	0.82	1.47	-0.65
Calmar ratio: Return relative to maximum drawdown	-0.88	8.33	-9.21
Martin ratio: Return relative to average drawdown	-1.65	23.59	-25.24

BRPIX vs. AMAT - Sharpe Ratio Comparison

The current BRPIX Sharpe Ratio is -1.13, which is lower than the AMAT Sharpe Ratio of 3.50. The chart below compares the historical Sharpe Ratios of BRPIX and AMAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	BRPIX	AMAT	Difference
Max Drawdown Largest peak-to-trough decline	-96.76%	-85.22%	-11.54%
Max Drawdown (1Y) Largest decline over 1 year	-16.15%	-23.31%	+7.16%
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 Drawdown Current decline from peak	-96.35%	-20.42%	-75.93%
Average Drawdown Average peak-to-trough decline	-62.24%	-38.73%	-23.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.55%	8.21%	+0.34%

Volatility

BRPIX vs. AMAT - Volatility Comparison

The current volatility for ProFunds Bear Fund (BRPIX) is 4.22%, while Applied Materials, Inc. (AMAT) has a volatility of 29.63%. 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.

Volatility by Period

	BRPIX	AMAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.22%	29.63%	-25.41%
Volatility (6M) Calculated over the trailing 6-month period	10.04%	45.92%	-35.88%
Volatility (1Y) Calculated over the trailing 1-year period	12.57%	55.59%	-43.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.27%	45.73%	-28.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.86%	43.72%	-25.86%

Dividends

BRPIX vs. AMAT - Dividend Comparison

BRPIX's dividend yield for the trailing twelve months is around 4.74%, more than AMAT's 0.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMAT Applied Materials, Inc.	0.33%	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	4.74%	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

Can I hold both BRPIX and AMAT in my portfolio?

BRPIX and AMAT have a correlation of -0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRPIX or AMAT?

AMAT has higher volatility (29.63%) compared to BRPIX (4.22%). In terms of maximum drawdown, BRPIX dropped -96.76% vs AMAT's -85.22%.

Which has better risk-adjusted returns?

AMAT currently has the higher Sharpe Ratio (3.50 vs -1.13), 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.