OTPIX vs. SOPIX
OTPIX (ProFunds NASDAQ-100 Fund) and SOPIX (ProFunds Short NASDAQ-100 Fund) are both mutual funds - OTPIX is a Large Cap Growth Equities fund managed by ProFunds, while SOPIX is a Inverse Equities fund managed by ProFunds. Over the past 10 years, OTPIX returned 4.83%/yr vs -20.00%/yr for SOPIX. Their -0.99 correlation means they have often moved in opposite directions in the past. OTPIX charges 1.48%/yr vs 1.78%/yr for SOPIX.
Performance
OTPIX vs. SOPIX - 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 SOPIX's -14.83% return. Over the past 10 years, OTPIX has outperformed SOPIX with an annualized return of 4.83%, while SOPIX has yielded a comparatively lower -20.00% 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%
SOPIX
- 1D
- -3.29%
- 1M
- -0.24%
- 6M
- -16.30%
- YTD
- -14.83%
- 1Y
- -21.20%
- 3Y*
- -20.30%
- 5Y*
- -14.75%
- 10Y*
- -20.00%
- ALL TIME*
- -17.66%
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. SOPIX - 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% |
SOPIX ProFunds Short NASDAQ-100 Fund | -14.83% | -15.80% | -23.82% | -31.85% | 34.73% | -25.69% | -42.92% | -28.29% | -3.07% | -25.24% |
Correlation
The correlation between OTPIX and SOPIX is -1.00, 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. | -1.00 |
Correlation (3Y) Balances recent behavior with more history. | -0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2003 | -0.99 |
The correlation between OTPIX and SOPIX has been stable across timeframes, ranging from -1.00 to -0.98 - a consistent structural relationship.
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Return for Risk
OTPIX vs. SOPIX — Risk / Return Rank
OTPIX
SOPIX
OTPIX vs. SOPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds NASDAQ-100 Fund (OTPIX) and ProFunds Short NASDAQ-100 Fund (SOPIX). 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 | SOPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.43 | ||
| Sortino ratioReturn per unit of downside risk | +3.42 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.84 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | -0.83 | +2.96 |
| Martin ratioReturn relative to average drawdown | 6.68 | -1.63 | +8.31 |
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Drawdowns
OTPIX vs. SOPIX - Drawdown Comparison
The maximum OTPIX drawdown since its inception was -79.55%, smaller than the maximum SOPIX drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for OTPIX and SOPIX.
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Drawdown Indicators
| OTPIX | SOPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.55% | -99.07% | +19.52% |
Max Drawdown (1Y)Largest decline over 1 year | -12.53% | -24.87% | +12.34% |
Max Drawdown (3Y)Largest decline over 3 years | -79.55% | -54.87% | -24.68% |
Max Drawdown (5Y)Largest decline over 5 years | -79.55% | -65.00% | -14.55% |
Max Drawdown (10Y)Largest decline over 10 years | -79.55% | -89.76% | +10.21% |
Current DrawdownCurrent decline from peak | -65.20% | -99.04% | +33.84% |
Average DrawdownAverage peak-to-trough decline | -23.08% | -76.29% | +53.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 12.66% | -8.68% |
Volatility
OTPIX vs. SOPIX - Volatility Comparison
ProFunds NASDAQ-100 Fund (OTPIX) and ProFunds Short NASDAQ-100 Fund (SOPIX) have volatilities of 7.62% and 7.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OTPIX | SOPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 7.67% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 16.29% | 16.27% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.56% | 19.52% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.06% | 23.92% | +18.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.38% | 22.72% | +10.66% |
OTPIX vs. SOPIX - Expense Ratio Comparison
OTPIX has a 1.48% expense ratio, which is lower than SOPIX's 1.78% expense ratio.
Dividends
OTPIX vs. SOPIX - Dividend Comparison
OTPIX's dividend yield for the trailing twelve months is around 1.48%, less than SOPIX's 2.51% 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% |
SOPIX ProFunds Short NASDAQ-100 Fund | 2.51% | 2.14% | 0.00% | 6.71% | 0.00% | 0.00% | 0.00% | 0.29% |
Frequently Asked Questions
OTPIX and SOPIX have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOPIX has higher volatility (7.67%) compared to OTPIX (7.62%). In terms of maximum drawdown, OTPIX dropped -79.55% vs SOPIX's -99.07%.
OTPIX currently has the higher Sharpe Ratio (1.37 vs -1.06), 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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