BRPIX vs. BEARX
BRPIX (ProFunds Bear Fund) and BEARX (Federated Hermes Prudent Bear Fd) are both Inverse Equities funds. Over the past 10 years, BRPIX returned -13.79%/yr vs -14.19%/yr for BEARX. Their correlation of 0.85 means they have usually moved in the same direction. BRPIX charges 1.64%/yr vs 1.78%/yr for BEARX.
Performance
BRPIX vs. BEARX - 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 BEARX's -6.07% return. Both investments have delivered pretty close results over the past 10 years, with BRPIX having a -13.79% annualized return and BEARX not far behind at -14.19%.
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%
BEARX
- 1D
- -1.66%
- 1M
- 0.85%
- 6M
- -5.07%
- YTD
- -6.07%
- 1Y
- -11.20%
- 3Y*
- -13.79%
- 5Y*
- -11.02%
- 10Y*
- -14.19%
- ALL TIME*
- -2.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
BRPIX ProFunds Bear Fund | $0.00 | $0.00 | $0.00 |
BRPIX vs. BEARX - 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% |
BEARX Federated Hermes Prudent Bear Fd | -6.07% | -12.42% | -20.34% | -18.67% | 17.78% | -23.78% | -22.95% | -19.95% | -5.96% | -15.76% |
Correlation
The correlation between BRPIX and BEARX is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 1997 | 0.85 |
Over the past year, the correlation between BRPIX and BEARX has dropped to 0.49 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
BRPIX vs. BEARX — Risk / Return Rank
BRPIX
BEARX
BRPIX vs. BEARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Bear Fund (BRPIX) and Federated Hermes Prudent Bear Fd (BEARX). 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 | BEARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.86 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | -0.64 | -0.07 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.23 | -0.02 |
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Drawdowns
BRPIX vs. BEARX - Drawdown Comparison
The maximum BRPIX drawdown since its inception was -96.76%, roughly equal to the maximum BEARX drawdown of -95.75%. Use the drawdown chart below to compare losses from any high point for BRPIX and BEARX.
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Drawdown Indicators
| BRPIX | BEARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.76% | -95.75% | -1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -16.15% | -16.55% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -44.49% | -44.46% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -50.06% | -52.48% | +2.42% |
Max Drawdown (10Y)Largest decline over 10 years | -78.55% | -79.22% | +0.67% |
Current DrawdownCurrent decline from peak | -96.28% | -95.59% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -62.30% | -61.21% | -1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.18% | 8.60% | +0.58% |
Volatility
BRPIX vs. BEARX - Volatility Comparison
The current volatility for ProFunds Bear Fund (BRPIX) is 3.39%, while Federated Hermes Prudent Bear Fd (BEARX) has a volatility of 3.78%. This indicates that BRPIX experiences smaller price fluctuations and is considered to be less risky than BEARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRPIX | BEARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 3.78% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 10.17% | 10.32% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.90% | 12.86% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.28% | 17.15% | +0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.88% | 16.71% | +1.17% |
BRPIX vs. BEARX - Expense Ratio Comparison
BRPIX has a 1.64% expense ratio, which is lower than BEARX's 1.78% expense ratio.
Dividends
BRPIX vs. BEARX - Dividend Comparison
BRPIX's dividend yield for the trailing twelve months is around 4.65%, less than BEARX's 7.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BEARX Federated Hermes Prudent Bear Fd | 7.15% | 6.71% | 0.00% | 13.32% | 0.00% | 0.00% | 0.00% | 0.62% |
BRPIX ProFunds Bear Fund | 4.65% | 4.35% | 0.00% | 5.58% | 0.00% | 0.00% | 0.06% | 0.27% |
Frequently Asked Questions
BRPIX and BEARX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BEARX has higher volatility (3.78%) compared to BRPIX (3.39%). In terms of maximum drawdown, BRPIX dropped -96.76% vs BEARX's -95.75%.
BEARX currently has the higher Sharpe Ratio (-0.83 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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