BRPIX vs. UCPIX
BRPIX (ProFunds Bear Fund) and UCPIX (ProFunds UltraShort Small Cap Fund) are both Inverse Equities funds from ProFunds. Over the past 10 years, BRPIX returned -13.79%/yr vs -8.89%/yr for UCPIX. Their correlation of 0.85 means they have usually moved in the same direction. BRPIX charges 1.64%/yr vs 1.78%/yr for UCPIX.
Performance
BRPIX vs. UCPIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BRPIX achieves a -6.47% return, which is significantly higher than UCPIX's -30.70% return. Over the past 10 years, BRPIX has underperformed UCPIX with an annualized return of -13.79%, while UCPIX has yielded a comparatively higher -8.89% 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%
UCPIX
- 1D
- -2.74%
- 1M
- 3.70%
- 6M
- -23.15%
- YTD
- -30.70%
- 1Y
- -47.89%
- 3Y*
- 58.79%
- 5Y*
- 29.06%
- 10Y*
- -8.89%
- ALL TIME*
- -20.06%
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 |
| $0.00 | $0.00 | $0.00 |
BRPIX vs. UCPIX - 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% |
UCPIX ProFunds UltraShort Small Cap Fund | -30.70% | -25.76% | 707.30% | -26.54% | 28.08% | -36.02% | -60.58% | -38.99% | 17.86% | -27.19% |
Correlation
The correlation between BRPIX and UCPIX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | 0.85 |
The correlation between BRPIX and UCPIX has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BRPIX vs. UCPIX — Risk / Return Rank
BRPIX
UCPIX
BRPIX vs. UCPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Bear Fund (BRPIX) and ProFunds UltraShort Small Cap Fund (UCPIX). 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 | UCPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.81 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | -0.89 | +0.17 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.35 | +0.10 |
Loading charts...
Drawdowns
BRPIX vs. UCPIX - Drawdown Comparison
The maximum BRPIX drawdown since its inception was -96.76%, roughly equal to the maximum UCPIX drawdown of -99.90%. Use the drawdown chart below to compare losses from any high point for BRPIX and UCPIX.
Loading charts...
Drawdown Indicators
| BRPIX | UCPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.76% | -99.90% | +3.14% |
Max Drawdown (1Y)Largest decline over 1 year | -16.15% | -50.68% | +34.53% |
Max Drawdown (3Y)Largest decline over 3 years | -44.49% | -68.91% | +24.42% |
Max Drawdown (5Y)Largest decline over 5 years | -50.06% | -68.91% | +18.85% |
Max Drawdown (10Y)Largest decline over 10 years | -78.55% | -92.98% | +14.43% |
Current DrawdownCurrent decline from peak | -96.28% | -99.46% | +3.18% |
Average DrawdownAverage peak-to-trough decline | -62.30% | -84.07% | +21.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.18% | 33.06% | -23.88% |
Volatility
BRPIX vs. UCPIX - Volatility Comparison
The current volatility for ProFunds Bear Fund (BRPIX) is 3.39%, while ProFunds UltraShort Small Cap Fund (UCPIX) has a volatility of 7.68%. This indicates that BRPIX experiences smaller price fluctuations and is considered to be less risky than UCPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BRPIX | UCPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 7.68% | -4.29% |
Volatility (6M)Calculated over the trailing 6-month period | 10.17% | 28.39% | -18.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.90% | 38.81% | -25.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.28% | 400.22% | -382.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.88% | 284.69% | -266.81% |
BRPIX vs. UCPIX - Expense Ratio Comparison
BRPIX has a 1.64% expense ratio, which is lower than UCPIX's 1.78% expense ratio.
Dividends
BRPIX vs. UCPIX - Dividend Comparison
BRPIX's dividend yield for the trailing twelve months is around 4.65%, less than UCPIX's 6.66% 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% |
UCPIX ProFunds UltraShort Small Cap Fund | 6.66% | 4.61% | 4.24% | 4.77% | 0.00% | 0.00% | 0.00% | 0.30% |
Frequently Asked Questions
BRPIX and UCPIX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCPIX has higher volatility (7.68%) compared to BRPIX (3.39%). In terms of maximum drawdown, BRPIX dropped -96.76% vs UCPIX's -99.90%.
BRPIX currently has the higher Sharpe Ratio (-0.90 vs -1.16), 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.
Find the right allocation for BRPIX and UCPIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer