HCPIX vs. URPIX
HCPIX (ProFunds UltraSector Health Care Fund) and URPIX (ProFunds UltraBear Fund) are both mutual funds - HCPIX is a Leveraged Equities fund managed by ProFunds, while URPIX is a Inverse Equities fund managed by ProFunds. Over the past 10 years, HCPIX returned 9.07%/yr vs -28.09%/yr for URPIX. Their -0.73 correlation means they have often moved in opposite directions in the past. HCPIX charges 1.61%/yr vs 1.78%/yr for URPIX.
Performance
HCPIX vs. URPIX - Performance Comparison
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Returns By Period
In the year-to-date period, HCPIX achieves a 5.99% return, which is significantly higher than URPIX's -15.44% return. Over the past 10 years, HCPIX has outperformed URPIX with an annualized return of 9.07%, while URPIX has yielded a comparatively lower -28.09% annualized return.
HCPIX
- 1D
- -0.85%
- 1M
- -1.75%
- 6M
- 5.49%
- YTD
- 5.99%
- 1Y
- 34.76%
- 3Y*
- 7.49%
- 5Y*
- 2.81%
- 10Y*
- 9.07%
- ALL TIME*
- 7.31%
URPIX
- 1D
- -1.30%
- 1M
- 0.16%
- 6M
- -12.52%
- YTD
- -15.44%
- 1Y
- -28.31%
- 3Y*
- -26.81%
- 5Y*
- -21.42%
- 10Y*
- -28.09%
- ALL TIME*
- -21.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HCPIX vs. URPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HCPIX ProFunds UltraSector Health Care Fund | 5.99% | 16.02% | -1.37% | -1.30% | -10.60% | 33.92% | 16.86% | 28.41% | 4.96% | 19.48% |
URPIX ProFunds UltraBear Fund | -15.44% | -27.06% | -32.89% | -31.77% | 29.74% | -43.61% | -51.10% | -42.03% | 4.20% | -32.58% |
Correlation
The correlation between HCPIX and URPIX is -0.21, 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. | -0.21 |
Correlation (3Y) Balances recent behavior with more history. | -0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.57 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.65 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2000 | -0.73 |
Over the past year, the inverse relationship between HCPIX and URPIX has weakened: their correlation has moved from -0.73 to -0.21, meaning they move in opposite directions less often than they have historically.
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Return for Risk
HCPIX vs. URPIX — Risk / Return Rank
HCPIX
URPIX
HCPIX vs. URPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraSector Health Care Fund (HCPIX) and ProFunds UltraBear Fund (URPIX). 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.
| HCPIX | URPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.55 | ||
| Sortino ratioReturn per unit of downside risk | +3.85 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.84 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | -0.85 | +3.09 |
| Martin ratioReturn relative to average drawdown | 5.23 | -1.43 | +6.65 |
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Drawdowns
HCPIX vs. URPIX - Drawdown Comparison
The maximum HCPIX drawdown since its inception was -64.90%, smaller than the maximum URPIX drawdown of -99.92%. Use the drawdown chart below to compare losses from any high point for HCPIX and URPIX.
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Drawdown Indicators
| HCPIX | URPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.90% | -99.92% | +35.02% |
Max Drawdown (1Y)Largest decline over 1 year | -16.12% | -30.37% | +14.25% |
Max Drawdown (3Y)Largest decline over 3 years | -27.68% | -69.89% | +42.21% |
Max Drawdown (5Y)Largest decline over 5 years | -27.68% | -76.97% | +49.29% |
Max Drawdown (10Y)Largest decline over 10 years | -40.66% | -96.59% | +55.93% |
Current DrawdownCurrent decline from peak | -4.21% | -99.92% | +95.71% |
Average DrawdownAverage peak-to-trough decline | -20.91% | -79.18% | +58.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.89% | 18.28% | -11.39% |
Volatility
HCPIX vs. URPIX - Volatility Comparison
ProFunds UltraSector Health Care Fund (HCPIX) has a higher volatility of 9.23% compared to ProFunds UltraBear Fund (URPIX) at 6.95%. This indicates that HCPIX's price experiences larger fluctuations and is considered to be riskier than URPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HCPIX | URPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.23% | 6.95% | +2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 18.17% | 20.31% | -2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.93% | 25.79% | -1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.81% | 34.05% | -11.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.17% | 35.62% | -10.45% |
HCPIX vs. URPIX - Expense Ratio Comparison
HCPIX has a 1.61% expense ratio, which is lower than URPIX's 1.78% expense ratio.
Dividends
HCPIX vs. URPIX - Dividend Comparison
HCPIX's dividend yield for the trailing twelve months is around 0.16%, less than URPIX's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HCPIX ProFunds UltraSector Health Care Fund | 0.16% | 0.17% | 0.82% | 0.26% | 0.00% | 0.00% | 0.00% | 0.05% | 0.03% |
URPIX ProFunds UltraBear Fund | 3.23% | 2.73% | 0.00% | 3.02% | 0.00% | 0.00% | 0.47% | 0.00% | 0.00% |
Frequently Asked Questions
HCPIX and URPIX have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HCPIX has higher volatility (9.23%) compared to URPIX (6.95%). In terms of maximum drawdown, HCPIX dropped -64.90% vs URPIX's -99.92%.
HCPIX currently has the higher Sharpe Ratio (1.53 vs -1.01), 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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