SHPIX vs. BIPIX
SHPIX (ProFunds Short Small Cap ProFund) and BIPIX (ProFunds Biotechnology UltraSector Fund) are both mutual funds - SHPIX is a Inverse Equities fund managed by ProFunds, while BIPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, SHPIX returned 9.89%/yr vs 7.63%/yr for BIPIX. Their -0.65 correlation means they have often moved in opposite directions in the past. SHPIX charges 1.78%/yr vs 1.49%/yr for BIPIX.
Performance
SHPIX vs. BIPIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SHPIX achieves a -15.19% return, which is significantly lower than BIPIX's 27.55% return. Over the past 10 years, SHPIX has outperformed BIPIX with an annualized return of 9.89%, while BIPIX has yielded a comparatively lower 7.63% annualized return.
SHPIX
- 1D
- 0.53%
- 1M
- 2.47%
- 6M
- -9.96%
- YTD
- -15.19%
- 1Y
- -25.47%
- 3Y*
- 11.78%
- 5Y*
- 47.46%
- 10Y*
- 9.89%
- ALL TIME*
- -5.30%
BIPIX
- 1D
- -4.47%
- 1M
- -12.75%
- 6M
- 20.16%
- YTD
- 27.55%
- 1Y
- 112.19%
- 3Y*
- 14.48%
- 5Y*
- 1.75%
- 10Y*
- 7.63%
- ALL TIME*
- 6.74%
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 |
SHPIX vs. BIPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHPIX ProFunds Short Small Cap ProFund | -15.19% | -9.61% | 83.27% | 344.97% | 16.39% | -19.78% | -31.60% | -20.89% | 9.96% | -14.49% |
BIPIX ProFunds Biotechnology UltraSector Fund | 27.55% | 47.99% | -25.91% | 9.55% | -13.43% | 5.00% | 19.94% | 23.65% | -12.15% | 34.71% |
Correlation
The correlation between SHPIX and BIPIX is -0.58, 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. | -0.58 |
Correlation (3Y) Balances recent behavior with more history. | -0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.63 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2003 | -0.65 |
The correlation between SHPIX and BIPIX shifts across timeframes, from -0.69 (3 years) to -0.58 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SHPIX vs. BIPIX — Risk / Return Rank
SHPIX
BIPIX
SHPIX vs. BIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Short Small Cap ProFund (SHPIX) 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.
| SHPIX | BIPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.05 | ||
| Sortino ratioReturn per unit of downside risk | -5.08 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.40 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 7.27 | -8.13 |
| Martin ratioReturn relative to average drawdown | -1.38 | 19.61 | -20.98 |
Loading charts...
Drawdowns
SHPIX vs. BIPIX - Drawdown Comparison
The maximum SHPIX drawdown since its inception was -96.86%, which is greater than BIPIX's maximum drawdown of -84.51%. Use the drawdown chart below to compare losses from any high point for SHPIX and BIPIX.
Loading charts...
Drawdown Indicators
| SHPIX | BIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.86% | -84.51% | -12.35% |
Max Drawdown (1Y)Largest decline over 1 year | -26.45% | -15.62% | -10.83% |
Max Drawdown (3Y)Largest decline over 3 years | -41.50% | -59.50% | +18.00% |
Max Drawdown (5Y)Largest decline over 5 years | -41.50% | -63.86% | +22.36% |
Max Drawdown (10Y)Largest decline over 10 years | -68.01% | -63.86% | -4.15% |
Current DrawdownCurrent decline from peak | -75.40% | -15.62% | -59.78% |
Average DrawdownAverage peak-to-trough decline | -74.99% | -37.03% | -37.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.43% | 5.78% | +11.65% |
Volatility
SHPIX vs. BIPIX - Volatility Comparison
The current volatility for ProFunds Short Small Cap ProFund (SHPIX) is 3.82%, while ProFunds Biotechnology UltraSector Fund (BIPIX) has a volatility of 12.60%. This indicates that SHPIX 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.
Loading charts...
Volatility by Period
| SHPIX | BIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 12.60% | -8.78% |
Volatility (6M)Calculated over the trailing 6-month period | 14.15% | 32.24% | -18.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.37% | 40.50% | -21.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 188.93% | 40.41% | +148.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 134.62% | 36.56% | +98.06% |
SHPIX vs. BIPIX - Expense Ratio Comparison
SHPIX has a 1.78% expense ratio, which is higher than BIPIX's 1.49% expense ratio.
Dividends
SHPIX vs. BIPIX - Dividend Comparison
SHPIX's dividend yield for the trailing twelve months is around 32.64%, more than BIPIX's 0.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BIPIX ProFunds Biotechnology UltraSector Fund | 0.29% | 0.37% | 0.23% | 6.69% | 0.00% | 0.79% | 12.09% | 3.26% | 5.52% | 7.19% |
SHPIX ProFunds Short Small Cap ProFund | 32.64% | 5.70% | 0.00% | 17.01% | 0.00% | 0.00% | 0.00% | 0.85% | 0.00% | 0.00% |
Frequently Asked Questions
SHPIX and BIPIX have a correlation of -0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIPIX has higher volatility (12.60%) compared to SHPIX (3.82%). In terms of maximum drawdown, SHPIX dropped -96.86% vs BIPIX's -84.51%.
BIPIX currently has the higher Sharpe Ratio (2.81 vs -1.24), 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.
Find the right allocation for SHPIX and BIPIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer