SHPIX vs. BRPIX
Compare and contrast key facts about ProFunds Short Small Cap ProFund (SHPIX) and ProFunds Bear Fund (BRPIX).
SHPIX is managed by ProFunds. It was launched on Apr 30, 2002. BRPIX is managed by ProFunds. It was launched on Dec 29, 1997.
Performance
SHPIX vs. BRPIX - Performance Comparison
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SHPIX vs. BRPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHPIX ProFunds Short Small Cap ProFund | 2.74% | -9.61% | -8.36% | -11.01% | 16.39% | -19.78% | -31.60% | -20.89% | 9.96% | -14.49% |
BRPIX ProFunds Bear Fund | 8.66% | -12.27% | -20.40% | -15.39% | 17.31% | -24.68% | -25.63% | -23.18% | 4.03% | -18.03% |
Returns By Period
In the year-to-date period, SHPIX achieves a 2.74% return, which is significantly lower than BRPIX's 8.66% return. Over the past 10 years, SHPIX has outperformed BRPIX with an annualized return of -11.86%, while BRPIX has yielded a comparatively lower -13.04% annualized return.
SHPIX
- 1D
- 1.48%
- 1M
- 8.78%
- YTD
- 2.74%
- 6M
- 1.16%
- 1Y
- -16.75%
- 3Y*
- -8.22%
- 5Y*
- -3.92%
- 10Y*
- -11.86%
BRPIX
- 1D
- 0.41%
- 1M
- 8.66%
- YTD
- 8.66%
- 6M
- 7.25%
- 1Y
- -9.66%
- 3Y*
- -11.99%
- 5Y*
- -9.47%
- 10Y*
- -13.04%
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SHPIX vs. BRPIX - Expense Ratio Comparison
SHPIX has a 1.78% expense ratio, which is higher than BRPIX's 1.64% expense ratio.
Return for Risk
SHPIX vs. BRPIX — Risk / Return Rank
SHPIX
BRPIX
SHPIX vs. BRPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Short Small Cap ProFund (SHPIX) and ProFunds Bear Fund (BRPIX). 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.
| SHPIX | BRPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.71 | -0.56 | -0.15 |
Sortino ratioReturn per unit of downside risk | -0.90 | -0.68 | -0.21 |
Omega ratioGain probability vs. loss probability | 0.89 | 0.90 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | -0.42 | -0.31 | -0.11 |
Martin ratioReturn relative to average drawdown | -0.57 | -0.37 | -0.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SHPIX | BRPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.71 | -0.56 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | -0.56 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.09 | -0.73 | +0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | 0.00 | -0.15 |
Correlation
The correlation between SHPIX and BRPIX is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SHPIX vs. BRPIX - Dividend Comparison
SHPIX's dividend yield for the trailing twelve months is around 14.75%, more than BRPIX's 4.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SHPIX ProFunds Short Small Cap ProFund | 14.75% | 5.70% | 0.00% | 17.01% | 0.00% | 0.00% | 0.00% | 0.85% |
BRPIX ProFunds Bear Fund | 4.00% | 4.35% | 0.00% | 5.58% | 0.00% | 0.00% | 0.06% | 0.27% |
Drawdowns
SHPIX vs. BRPIX - Drawdown Comparison
The maximum SHPIX drawdown since its inception was -99.27%, roughly equal to the maximum BRPIX drawdown of -96.76%. Use the drawdown chart below to compare losses from any high point for SHPIX and BRPIX.
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Drawdown Indicators
| SHPIX | BRPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.27% | -96.76% | -2.51% |
Max Drawdown (1Y)Largest decline over 1 year | -34.74% | -27.11% | -7.63% |
Max Drawdown (5Y)Largest decline over 5 years | -83.16% | -46.16% | -37.00% |
Max Drawdown (10Y)Largest decline over 10 years | -93.19% | -78.15% | -15.04% |
Current DrawdownCurrent decline from peak | -97.02% | -95.68% | -1.34% |
Average DrawdownAverage peak-to-trough decline | -77.77% | -61.93% | -15.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.32% | 22.18% | +3.14% |
Volatility
SHPIX vs. BRPIX - Volatility Comparison
ProFunds Short Small Cap ProFund (SHPIX) has a higher volatility of 6.54% compared to ProFunds Bear Fund (BRPIX) at 4.21%. This indicates that SHPIX's price experiences larger fluctuations and is considered to be riskier than BRPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHPIX | BRPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 4.21% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 14.07% | 9.05% | +5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.12% | 18.13% | +4.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 193.64% | 17.13% | +176.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 137.90% | 17.84% | +120.06% |