BRPIX vs. UOPIX
BRPIX (ProFunds Bear Fund) and UOPIX (ProFunds UltraNASDAQ-100 Fund) are both mutual funds - BRPIX is a Inverse Equities fund managed by ProFunds, while UOPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, BRPIX returned -14.06%/yr vs 33.36%/yr for UOPIX. At a correlation of -0.86, they often move in opposite directions. BRPIX charges 1.64%/yr vs 1.47%/yr for UOPIX.
Performance
BRPIX vs. UOPIX - 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 UOPIX's 32.77% return. Over the past 10 years, BRPIX has underperformed UOPIX with an annualized return of -14.06%, while UOPIX has yielded a comparatively higher 33.36% 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%
UOPIX
- 1D
- 0.64%
- 1M
- 0.34%
- 6M
- 27.58%
- YTD
- 32.77%
- 1Y
- 58.24%
- 3Y*
- 42.82%
- 5Y*
- 19.14%
- 10Y*
- 33.36%
BRPIX vs. UOPIX - 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% |
UOPIX ProFunds UltraNASDAQ-100 Fund | 32.77% | 30.26% | 41.75% | 115.97% | -60.70% | 48.28% | 86.57% | 80.53% | -9.41% | 68.58% |
Correlation
The correlation between BRPIX and UOPIX 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 | -0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.91 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 1997 | -0.86 |
The correlation between BRPIX and UOPIX has been stable across timeframes, ranging from -0.93 to -0.86 - a consistent structural relationship.
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Return for Risk
BRPIX vs. UOPIX — Risk / Return Rank
BRPIX
UOPIX
BRPIX vs. UOPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Bear Fund (BRPIX) and ProFunds UltraNASDAQ-100 Fund (UOPIX). 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 | UOPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.70 | ||
| Sortino ratioReturn per unit of downside risk | -3.66 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.27 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 2.32 | -3.19 |
| Martin ratioReturn relative to average drawdown | -1.65 | 7.68 | -9.33 |
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Drawdowns
BRPIX vs. UOPIX - Drawdown Comparison
The maximum BRPIX drawdown since its inception was -96.76%, roughly equal to the maximum UOPIX drawdown of -99.00%. Use the drawdown chart below to compare losses from any high point for BRPIX and UOPIX.
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Drawdown Indicators
| BRPIX | UOPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.76% | -99.00% | +2.24% |
Max Drawdown (1Y)Largest decline over 1 year | -16.15% | -24.97% | +8.82% |
Max Drawdown (3Y)Largest decline over 3 years | -44.49% | -42.52% | -1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -50.06% | -65.01% | +14.95% |
Max Drawdown (10Y)Largest decline over 10 years | -78.55% | -65.01% | -13.54% |
Current DrawdownCurrent decline from peak | -96.35% | -6.77% | -89.58% |
Average DrawdownAverage peak-to-trough decline | -62.24% | -67.48% | +5.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.55% | 7.52% | +1.03% |
Volatility
BRPIX vs. UOPIX - Volatility Comparison
The current volatility for ProFunds Bear Fund (BRPIX) is 4.22%, while ProFunds UltraNASDAQ-100 Fund (UOPIX) has a volatility of 16.90%. This indicates that BRPIX experiences smaller price fluctuations and is considered to be less risky than UOPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRPIX | UOPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 16.90% | -12.68% |
Volatility (6M)Calculated over the trailing 6-month period | 10.04% | 30.37% | -20.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 36.86% | -24.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.27% | 45.83% | -28.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 44.41% | -26.55% |
BRPIX vs. UOPIX - Expense Ratio Comparison
BRPIX has a 1.64% expense ratio, which is higher than UOPIX's 1.47% expense ratio.
Dividends
BRPIX vs. UOPIX - Dividend Comparison
BRPIX's dividend yield for the trailing twelve months is around 4.74%, less than UOPIX's 13.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BRPIX ProFunds Bear Fund | 4.74% | 4.35% | 0.00% | 5.58% | 0.00% | 0.00% | 0.06% | 0.27% | 0.00% |
UOPIX ProFunds UltraNASDAQ-100 Fund | 13.76% | 18.27% | 0.41% | 0.00% | 5.64% | 11.03% | 9.78% | 5.78% | 6.73% |
Frequently Asked Questions
BRPIX and UOPIX 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.
UOPIX has higher volatility (16.90%) compared to BRPIX (4.22%). In terms of maximum drawdown, BRPIX dropped -96.76% vs UOPIX's -99.00%.
UOPIX currently has the higher Sharpe Ratio (1.57 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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