OTPIX vs. SHPIX
OTPIX (ProFunds NASDAQ-100 Fund) and SHPIX (ProFunds Short Small Cap ProFund) are both mutual funds - OTPIX is a Large Cap Growth Equities fund managed by ProFunds, while SHPIX is a Inverse Equities fund managed by ProFunds. Over the past 10 years, OTPIX returned 4.83%/yr vs 9.97%/yr for SHPIX. Their -0.77 correlation means they have often moved in opposite directions in the past. OTPIX charges 1.48%/yr vs 1.78%/yr for SHPIX.
Performance
OTPIX vs. SHPIX - Performance Comparison
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Returns By Period
In the year-to-date period, OTPIX achieves a 16.78% return, which is significantly higher than SHPIX's -16.62% return. Over the past 10 years, OTPIX has underperformed SHPIX with an annualized return of 4.83%, while SHPIX has yielded a comparatively higher 9.97% annualized return.
OTPIX
- 1D
- 3.34%
- 1M
- -0.02%
- 6M
- 18.62%
- YTD
- 16.78%
- 1Y
- 27.45%
- 3Y*
- -22.48%
- 5Y*
- -11.62%
- 10Y*
- 4.83%
- ALL TIME*
- 5.74%
SHPIX
- 1D
- -1.69%
- 1M
- 0.74%
- 6M
- -11.20%
- YTD
- -16.62%
- 1Y
- -25.19%
- 3Y*
- 10.45%
- 5Y*
- 46.58%
- 10Y*
- 9.97%
- ALL TIME*
- -5.37%
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 |
OTPIX vs. SHPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OTPIX ProFunds NASDAQ-100 Fund | 16.78% | 18.08% | -69.20% | 51.66% | -34.36% | 48.75% | 45.00% | 36.58% | -1.75% | 29.45% |
SHPIX ProFunds Short Small Cap ProFund | -16.62% | -9.61% | 83.27% | 344.97% | 16.39% | -19.78% | -31.60% | -20.89% | 9.96% | -14.49% |
Correlation
The correlation between OTPIX and SHPIX is -0.70, 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. | -0.70 |
Correlation (3Y) Balances recent behavior with more history. | -0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2003 | -0.77 |
The correlation between OTPIX and SHPIX shifts across timeframes, from -0.77 (all time) to -0.66 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
OTPIX vs. SHPIX — Risk / Return Rank
OTPIX
SHPIX
OTPIX vs. SHPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds NASDAQ-100 Fund (OTPIX) and ProFunds Short Small Cap ProFund (SHPIX). 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.
| OTPIX | SHPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.76 | ||
| Sortino ratioReturn per unit of downside risk | +3.89 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.78 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | -1.01 | +3.14 |
| Martin ratioReturn relative to average drawdown | 6.68 | -1.68 | +8.35 |
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Drawdowns
OTPIX vs. SHPIX - Drawdown Comparison
The maximum OTPIX drawdown since its inception was -79.55%, smaller than the maximum SHPIX drawdown of -96.86%. Use the drawdown chart below to compare losses from any high point for OTPIX and SHPIX.
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Drawdown Indicators
| OTPIX | SHPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.55% | -96.86% | +17.31% |
Max Drawdown (1Y)Largest decline over 1 year | -12.53% | -26.40% | +13.87% |
Max Drawdown (3Y)Largest decline over 3 years | -79.55% | -41.50% | -38.05% |
Max Drawdown (5Y)Largest decline over 5 years | -79.55% | -41.50% | -38.05% |
Max Drawdown (10Y)Largest decline over 10 years | -79.55% | -68.01% | -11.54% |
Current DrawdownCurrent decline from peak | -65.20% | -75.82% | +10.62% |
Average DrawdownAverage peak-to-trough decline | -23.08% | -74.99% | +51.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 17.51% | -13.53% |
Volatility
OTPIX vs. SHPIX - Volatility Comparison
ProFunds NASDAQ-100 Fund (OTPIX) has a higher volatility of 7.62% compared to ProFunds Short Small Cap ProFund (SHPIX) at 4.21%. This indicates that OTPIX's price experiences larger fluctuations and is considered to be riskier than SHPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OTPIX | SHPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 4.21% | +3.41% |
Volatility (6M)Calculated over the trailing 6-month period | 16.29% | 14.15% | +2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.56% | 19.32% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.06% | 189.01% | -146.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.38% | 134.68% | -101.30% |
OTPIX vs. SHPIX - Expense Ratio Comparison
OTPIX has a 1.48% expense ratio, which is lower than SHPIX's 1.78% expense ratio.
Dividends
OTPIX vs. SHPIX - Dividend Comparison
OTPIX's dividend yield for the trailing twelve months is around 1.48%, less than SHPIX's 33.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
OTPIX ProFunds NASDAQ-100 Fund | 1.48% | 1.72% | 0.76% | 0.00% | 0.00% | 18.31% | 1.10% | 0.87% |
SHPIX ProFunds Short Small Cap ProFund | 33.20% | 5.70% | 0.00% | 17.01% | 0.00% | 0.00% | 0.00% | 0.85% |
Frequently Asked Questions
OTPIX and SHPIX have a correlation of -0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OTPIX has higher volatility (7.62%) compared to SHPIX (4.21%). In terms of maximum drawdown, OTPIX dropped -79.55% vs SHPIX's -96.86%.
OTPIX currently has the higher Sharpe Ratio (1.37 vs -1.39), 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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