FYAIX vs. BIPIX
FYAIX (Access Flex High Yield ProFund) and BIPIX (ProFunds Biotechnology UltraSector Fund) are both mutual funds - FYAIX is a High Yield Bonds fund managed by ProFunds, while BIPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, FYAIX returned 2.54%/yr vs 8.96%/yr for BIPIX. At a 0.45 correlation, their price movements are largely independent. FYAIX charges 1.78%/yr vs 1.49%/yr for BIPIX.
Performance
FYAIX vs. BIPIX - Performance Comparison
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Returns By Period
In the year-to-date period, FYAIX achieves a 1.06% return, which is significantly lower than BIPIX's 20.18% return. Over the past 10 years, FYAIX has underperformed BIPIX with an annualized return of 2.54%, while BIPIX has yielded a comparatively higher 8.96% annualized return.
FYAIX
- 1D
- 0.35%
- 1M
- 0.52%
- YTD
- 1.06%
- 6M
- 1.26%
- 1Y
- 4.73%
- 3Y*
- 4.20%
- 5Y*
- 1.30%
- 10Y*
- 2.54%
BIPIX
- 1D
- 1.43%
- 1M
- 9.88%
- YTD
- 20.18%
- 6M
- 14.36%
- 1Y
- 111.16%
- 3Y*
- 9.29%
- 5Y*
- 2.18%
- 10Y*
- 8.96%
FYAIX vs. BIPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FYAIX Access Flex High Yield ProFund | 1.06% | 6.61% | 2.04% | 7.18% | -9.58% | 0.40% | 0.04% | 12.17% | -0.62% | 4.26% |
BIPIX ProFunds Biotechnology UltraSector Fund | 20.18% | 47.99% | -25.91% | 9.55% | -13.43% | 5.00% | 19.94% | 23.65% | -12.15% | 34.71% |
Correlation
The correlation between FYAIX and BIPIX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2004 | 0.45 |
The correlation between FYAIX and BIPIX has been stable across timeframes, ranging from 0.45 to 0.54 - a consistent structural relationship.
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Return for Risk
FYAIX vs. BIPIX — Risk / Return Rank
FYAIX
BIPIX
FYAIX vs. BIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Access Flex High Yield ProFund (FYAIX) 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.
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.
| FYAIX | BIPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.40 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 7.31 | -5.26 |
| Martin ratioReturn relative to average drawdown | 8.75 | 21.37 | -12.62 |
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Drawdowns
FYAIX vs. BIPIX - Drawdown Comparison
The maximum FYAIX drawdown since its inception was -25.01%, smaller than the maximum BIPIX drawdown of -84.51%. Use the drawdown chart below to compare losses from any high point for FYAIX and BIPIX.
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Drawdown Indicators
| FYAIX | BIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.01% | -84.51% | +59.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -15.15% | +12.69% |
Max Drawdown (3Y)Largest decline over 3 years | -7.68% | -59.50% | +51.82% |
Max Drawdown (5Y)Largest decline over 5 years | -17.01% | -63.86% | +46.85% |
Max Drawdown (10Y)Largest decline over 10 years | -17.01% | -63.86% | +46.85% |
Current DrawdownCurrent decline from peak | -0.06% | -3.72% | +3.66% |
Average DrawdownAverage peak-to-trough decline | -2.93% | -37.17% | +34.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 5.18% | -4.60% |
Volatility
FYAIX vs. BIPIX - Volatility Comparison
The current volatility for Access Flex High Yield ProFund (FYAIX) is 1.28%, while ProFunds Biotechnology UltraSector Fund (BIPIX) has a volatility of 15.02%. This indicates that FYAIX 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.
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Volatility by Period
| FYAIX | BIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 15.02% | -13.74% |
Volatility (6M)Calculated over the trailing 6-month period | 3.12% | 31.47% | -28.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 39.36% | -35.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.23% | 39.91% | -32.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.45% | 36.47% | -29.02% |
FYAIX vs. BIPIX - Expense Ratio Comparison
FYAIX has a 1.78% expense ratio, which is higher than BIPIX's 1.49% expense ratio.
Dividends
FYAIX vs. BIPIX - Dividend Comparison
FYAIX's dividend yield for the trailing twelve months is around 2.04%, more than BIPIX's 0.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIPIX ProFunds Biotechnology UltraSector Fund | 0.30% | 0.37% | 0.23% | 6.69% | 0.00% | 0.79% | 12.09% | 3.26% | 5.52% | 7.19% | 0.00% | 0.00% |
FYAIX Access Flex High Yield ProFund | 2.04% | 2.29% | 4.08% | 1.07% | 2.80% | 2.89% | 2.69% | 4.85% | 2.10% | 3.45% | 2.18% | 9.12% |
Frequently Asked Questions
FYAIX and BIPIX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIPIX has higher volatility (15.02%) compared to FYAIX (1.28%). In terms of maximum drawdown, FYAIX dropped -25.01% vs BIPIX's -84.51%.
BIPIX currently has the higher Sharpe Ratio (2.82 vs 1.30), 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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