BRPIX vs. OTPIX
BRPIX (ProFunds Bear Fund) and OTPIX (ProFunds NASDAQ-100 Fund) are both mutual funds - BRPIX is a Inverse Equities fund managed by ProFunds, while OTPIX is a Large Cap Growth Equities fund managed by ProFunds. Over the past 10 years, BRPIX returned -14.06%/yr vs 5.35%/yr for OTPIX. At a correlation of -0.88, they often move in opposite directions. BRPIX charges 1.64%/yr vs 1.48%/yr for OTPIX.
Performance
BRPIX vs. OTPIX - Performance Comparison
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Returns By Period
In the year-to-date period, BRPIX achieves a -8.33% return, which is significantly lower than OTPIX's 17.26% return. Over the past 10 years, BRPIX has underperformed OTPIX with an annualized return of -14.06%, while OTPIX has yielded a comparatively higher 5.35% 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%
OTPIX
- 1D
- 0.33%
- 1M
- 0.49%
- 6M
- 14.85%
- YTD
- 17.26%
- 1Y
- 29.15%
- 3Y*
- -22.15%
- 5Y*
- -11.15%
- 10Y*
- 5.35%
BRPIX vs. OTPIX - 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% |
OTPIX ProFunds NASDAQ-100 Fund | 17.26% | 18.08% | -69.20% | 51.66% | -34.36% | 48.75% | 45.00% | 36.58% | -1.75% | 29.45% |
Correlation
The correlation between BRPIX and OTPIX 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 | -0.91 |
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 Aug 7, 2000 | -0.88 |
The correlation between BRPIX and OTPIX has been stable across timeframes, ranging from -0.93 to -0.88 - a consistent structural relationship.
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Return for Risk
BRPIX vs. OTPIX — Risk / Return Rank
BRPIX
OTPIX
BRPIX vs. OTPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Bear Fund (BRPIX) and ProFunds NASDAQ-100 Fund (OTPIX). 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 | OTPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.70 | ||
| Sortino ratioReturn per unit of downside risk | -3.73 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.28 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 2.32 | -3.19 |
| Martin ratioReturn relative to average drawdown | -1.65 | 8.19 | -9.85 |
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Drawdowns
BRPIX vs. OTPIX - Drawdown Comparison
The maximum BRPIX drawdown since its inception was -96.76%, which is greater than OTPIX's maximum drawdown of -79.55%. Use the drawdown chart below to compare losses from any high point for BRPIX and OTPIX.
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Drawdown Indicators
| BRPIX | OTPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.76% | -79.55% | -17.21% |
Max Drawdown (1Y)Largest decline over 1 year | -16.15% | -12.53% | -3.62% |
Max Drawdown (3Y)Largest decline over 3 years | -44.49% | -79.55% | +35.06% |
Max Drawdown (5Y)Largest decline over 5 years | -50.06% | -79.55% | +29.49% |
Max Drawdown (10Y)Largest decline over 10 years | -78.55% | -79.55% | +1.00% |
Current DrawdownCurrent decline from peak | -96.35% | -65.06% | -31.29% |
Average DrawdownAverage peak-to-trough decline | -62.24% | -22.96% | -39.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.55% | 3.53% | +5.02% |
Volatility
BRPIX vs. OTPIX - Volatility Comparison
The current volatility for ProFunds Bear Fund (BRPIX) is 4.22%, while ProFunds NASDAQ-100 Fund (OTPIX) has a volatility of 8.42%. This indicates that BRPIX experiences smaller price fluctuations and is considered to be less risky than OTPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRPIX | OTPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 8.42% | -4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.04% | 15.14% | -5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 18.40% | -5.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.27% | 41.94% | -24.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 33.30% | -15.44% |
BRPIX vs. OTPIX - Expense Ratio Comparison
BRPIX has a 1.64% expense ratio, which is higher than OTPIX's 1.48% expense ratio.
Dividends
BRPIX vs. OTPIX - Dividend Comparison
BRPIX's dividend yield for the trailing twelve months is around 4.74%, more than OTPIX's 1.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BRPIX ProFunds Bear Fund | 4.74% | 4.35% | 0.00% | 5.58% | 0.00% | 0.00% | 0.06% | 0.27% |
OTPIX ProFunds NASDAQ-100 Fund | 1.47% | 1.72% | 0.76% | 0.00% | 0.00% | 18.31% | 1.10% | 0.87% |
Frequently Asked Questions
BRPIX and OTPIX 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.
OTPIX has higher volatility (8.42%) compared to BRPIX (4.22%). In terms of maximum drawdown, BRPIX dropped -96.76% vs OTPIX's -79.55%.
OTPIX currently has the higher Sharpe Ratio (1.58 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.
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