BRPIX vs. BIPIX

Last updated Apr 1, 2026

Compare and contrast key facts about ProFunds Bear Fund (BRPIX) and ProFunds Biotechnology UltraSector Fund (BIPIX).

BRPIX is managed by ProFunds. It was launched on Dec 29, 1997. BIPIX is managed by ProFunds. It was launched on Jun 18, 2000.

Performance

BRPIX vs. BIPIX - Performance Comparison

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

BRPIX vs. BIPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRPIX ProFunds Bear Fund	8.66%	-12.27%	-20.40%	-15.39%	17.31%	-24.68%	-25.63%	-23.18%	4.03%	-18.03%
BIPIX ProFunds Biotechnology UltraSector Fund	-5.32%	47.99%	-5.81%	9.55%	-13.43%	5.00%	19.94%	23.65%	-12.15%	34.71%

Returns By Period

In the year-to-date period, BRPIX achieves a 8.66% return, which is significantly higher than BIPIX's -5.32% return. Over the past 10 years, BRPIX has underperformed BIPIX with an annualized return of -13.04%, while BIPIX has yielded a comparatively higher 8.28% annualized return.

BRPIX

• 1D: 0.41%
• 1M: 8.66%
• YTD: 8.66%
• 6M: 7.25%
• 1Y: -9.66%
• 3Y*: -11.99%
• 5Y*: -9.47%
• 10Y*: -13.04%

BIPIX

• 1D: -0.99%
• 1M: -10.46%
• YTD: -5.32%
• 6M: 26.06%
• 1Y: 66.71%
• 3Y*: 16.68%
• 5Y*: 4.74%
• 10Y*: 8.28%

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

BRPIX vs. BIPIX - Expense Ratio Comparison

BRPIX has a 1.64% expense ratio, which is higher than BIPIX's 1.49% expense ratio.

BRPIX

ProFunds Bear Fund

BIPIX

ProFunds Biotechnology UltraSector Fund

Return for Risk

BRPIX vs. BIPIX — Risk / Return Rank

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

BRPIX

BRPIX Risk / Return Rank: 2
BRPIX Sharpe Ratio Rank: 1
BRPIX Sortino Ratio Rank: 1
BRPIX Omega Ratio Rank: 1
BRPIX Calmar Ratio Rank: 3
BRPIX Martin Ratio Rank: 5

BIPIX

BIPIX Risk / Return Rank: 76
BIPIX Sharpe Ratio Rank: 76
BIPIX Sortino Ratio Rank: 76
BIPIX Omega Ratio Rank: 63
BIPIX Calmar Ratio Rank: 85
BIPIX Martin Ratio Rank: 79

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. BIPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Bear Fund (BRPIX) and ProFunds Biotechnology UltraSector Fund (BIPIX). 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.

	BRPIX	BIPIX	Difference
Sharpe ratio Return per unit of total volatility	-0.56	1.34	-1.90
Sortino ratio Return per unit of downside risk	-0.68	1.89	-2.57
Omega ratio Gain probability vs. loss probability	0.90	1.24	-0.33
Calmar ratio Return relative to maximum drawdown	-0.31	2.12	-2.43
Martin ratio Return relative to average drawdown	-0.37	7.76	-8.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRPIX vs. BIPIX - Sharpe Ratio Comparison

The current BRPIX Sharpe Ratio is -0.56, which is lower than the BIPIX Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of BRPIX and BIPIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BRPIX	BIPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.56	1.34	-1.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.56	0.13	-0.68
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.73	0.24	-0.97
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.17	-0.17

Correlation

The correlation between BRPIX and BIPIX is -0.65. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

BRPIX vs. BIPIX - Dividend Comparison

BRPIX's dividend yield for the trailing twelve months is around 4.00%, more than BIPIX's 0.39% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRPIX ProFunds Bear Fund	4.00%	4.35%	0.00%	5.58%	0.00%	0.00%	0.06%	0.27%	0.00%	0.00%
BIPIX ProFunds Biotechnology UltraSector Fund	0.39%	0.37%	28.81%	6.69%	0.00%	0.79%	12.09%	3.26%	5.52%	7.19%

Drawdowns

BRPIX vs. BIPIX - Drawdown Comparison

The maximum BRPIX drawdown since its inception was -96.76%, which is greater than BIPIX's maximum drawdown of -84.51%. Use the drawdown chart below to compare losses from any high point for BRPIX and BIPIX.

Drawdown Indicators

	BRPIX	BIPIX	Difference
Max Drawdown Largest peak-to-trough decline	-96.76%	-84.51%	-12.25%
Max Drawdown (1Y) Largest decline over 1 year	-27.11%	-19.79%	-7.32%
Max Drawdown (5Y) Largest decline over 5 years	-46.16%	-54.56%	+8.40%
Max Drawdown (10Y) Largest decline over 10 years	-78.15%	-54.56%	-23.59%
Current Drawdown Current decline from peak	-95.68%	-15.15%	-80.53%
Average Drawdown Average peak-to-trough decline	-61.93%	-36.73%	-25.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.18%	6.92%	+15.26%

Volatility

BRPIX vs. BIPIX - Volatility Comparison

The current volatility for ProFunds Bear Fund (BRPIX) is 4.21%, while ProFunds Biotechnology UltraSector Fund (BIPIX) has a volatility of 13.15%. This indicates that BRPIX experiences smaller price fluctuations and is considered to be less risky than BIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRPIX	BIPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	13.15%	-8.94%
Volatility (6M) Calculated over the trailing 6-month period	9.05%	26.85%	-17.80%
Volatility (1Y) Calculated over the trailing 1-year period	18.13%	42.70%	-24.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.13%	37.38%	-20.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.84%	35.34%	-17.50%