BRPIX vs. PMPIX

Last updated Aug 1, 2026

BRPIX (ProFunds Bear Fund) and PMPIX (ProFunds Precious Metals UltraSector Fund) are both mutual funds - BRPIX is a Inverse Equities fund managed by ProFunds, while PMPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, BRPIX returned -13.79%/yr vs 7.77%/yr for PMPIX. Their -0.26 correlation means they have often moved in opposite directions in the past. BRPIX charges 1.64%/yr vs 1.53%/yr for PMPIX.

Performance

BRPIX vs. PMPIX - Performance Comparison

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

Returns By Period

In the year-to-date period, BRPIX achieves a -6.47% return, which is significantly higher than PMPIX's -20.67% return. Over the past 10 years, BRPIX has underperformed PMPIX with an annualized return of -13.79%, while PMPIX has yielded a comparatively higher 7.77% 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%

PMPIX

• 1D: 6.15%
• 1M: -5.44%
• 6M: -31.32%
• YTD: -20.67%
• 1Y: 56.76%
• 3Y*: 43.85%
• 5Y*: 16.44%
• 10Y*: 7.77%
• ALL TIME*: 6.73%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BRPIX ProFunds Bear Fund	$0.00	$0.00	$0.00
PMPIX ProFunds Precious Metals UltraSector Fund	$0.00	$0.00	$0.00

BRPIX vs. PMPIX - 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%
PMPIX ProFunds Precious Metals UltraSector Fund	-20.67%	273.51%	5.35%	-1.78%	-20.47%	-14.71%	28.27%	72.99%	-21.10%	6.55%

Correlation

The correlation between BRPIX and PMPIX is -0.42, 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.	-0.42
Correlation (3Y) Balances recent behavior with more history.	-0.30
Correlation (5Y) Shows whether the relationship held over a longer period.	-0.28
Correlation (10Y) Provides a long-term view across more market conditions.	-0.21
Correlation (All Time) Calculated using the full available price history since May 31, 2002	-0.26

The correlation between BRPIX and PMPIX shifts across timeframes, from -0.42 (1 year) to -0.21 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

BRPIX vs. PMPIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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

PMPIX

PMPIX Risk / Return Rank: 26
PMPIX Sharpe Ratio Rank: 25
PMPIX Sortino Ratio Rank: 29
PMPIX Omega Ratio Rank: 33
PMPIX Calmar Ratio Rank: 25
PMPIX Martin Ratio Rank: 17

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BRPIX vs. PMPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Bear Fund (BRPIX) and ProFunds Precious Metals UltraSector Fund (PMPIX). 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	PMPIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.90	0.85	-1.75
Sortino ratio: Return per unit of downside risk	-1.24	1.40	-2.65
Omega ratio: Gain probability vs. loss probability	0.86	1.19	-0.33
Calmar ratio: Return relative to maximum drawdown	-0.71	1.11	-1.82
Martin ratio: Return relative to average drawdown	-1.26	2.37	-3.63

BRPIX vs. PMPIX - Sharpe Ratio Comparison

The current BRPIX Sharpe Ratio is -0.90, which is lower than the PMPIX Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of BRPIX and PMPIX, 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. PMPIX - Drawdown Comparison

The maximum BRPIX drawdown since its inception was -96.76%, roughly equal to the maximum PMPIX drawdown of -94.34%. Use the drawdown chart below to compare losses from any high point for BRPIX and PMPIX.

Drawdown Indicators

	BRPIX	PMPIX	Difference
Max Drawdown Largest peak-to-trough decline	-96.76%	-94.34%	-2.42%
Max Drawdown (1Y) Largest decline over 1 year	-16.15%	-54.48%	+38.33%
Max Drawdown (3Y) Largest decline over 3 years	-44.49%	-54.48%	+9.99%
Max Drawdown (5Y) Largest decline over 5 years	-50.06%	-61.05%	+10.99%
Max Drawdown (10Y) Largest decline over 10 years	-78.55%	-65.94%	-12.61%
Current Drawdown Current decline from peak	-96.28%	-54.27%	-42.01%
Average Drawdown Average peak-to-trough decline	-62.30%	-59.64%	-2.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.18%	25.36%	-16.18%

Volatility

BRPIX vs. PMPIX - Volatility Comparison

The current volatility for ProFunds Bear Fund (BRPIX) is 3.39%, while ProFunds Precious Metals UltraSector Fund (PMPIX) has a volatility of 17.17%. This indicates that BRPIX experiences smaller price fluctuations and is considered to be less risky than PMPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRPIX	PMPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	17.17%	-13.78%
Volatility (6M) Calculated over the trailing 6-month period	10.17%	57.83%	-47.66%
Volatility (1Y) Calculated over the trailing 1-year period	12.90%	70.75%	-57.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.28%	54.16%	-36.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.88%	52.81%	-34.93%

BRPIX vs. PMPIX - Expense Ratio Comparison

BRPIX has a 1.64% expense ratio, which is higher than PMPIX's 1.53% expense ratio.

Dividends

BRPIX vs. PMPIX - Dividend Comparison

BRPIX's dividend yield for the trailing twelve months is around 4.65%, more than PMPIX's 0.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BRPIX ProFunds Bear Fund	4.65%	4.35%	0.00%	5.58%	0.00%	0.00%	0.06%	0.27%
PMPIX ProFunds Precious Metals UltraSector Fund	0.54%	0.43%	1.89%	1.31%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BRPIX and PMPIX in my portfolio?

BRPIX and PMPIX have a correlation of -0.42, 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 PMPIX?

PMPIX has higher volatility (17.17%) compared to BRPIX (3.39%). In terms of maximum drawdown, BRPIX dropped -96.76% vs PMPIX's -94.34%.

Which has better risk-adjusted returns?

PMPIX currently has the higher Sharpe Ratio (0.85 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.