SHPIX vs. OTPIX
SHPIX (ProFunds Short Small Cap ProFund) and OTPIX (ProFunds NASDAQ-100 Fund) are both mutual funds - SHPIX is a Inverse Equities fund managed by ProFunds, while OTPIX is a Large Cap Growth Equities fund managed by ProFunds. Over the past 10 years, SHPIX returned 9.98%/yr vs 4.33%/yr for OTPIX. Their -0.77 correlation means they have often moved in opposite directions in the past. SHPIX charges 1.78%/yr vs 1.48%/yr for OTPIX.
Performance
SHPIX vs. OTPIX - Performance Comparison
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Returns By Period
In the year-to-date period, SHPIX achieves a -15.64% return, which is significantly lower than OTPIX's 10.39% return. Over the past 10 years, SHPIX has outperformed OTPIX with an annualized return of 9.98%, while OTPIX has yielded a comparatively lower 4.33% annualized return.
SHPIX
- 1D
- -1.37%
- 1M
- 1.92%
- 6M
- -11.34%
- YTD
- -15.64%
- 1Y
- -25.87%
- 3Y*
- 11.75%
- 5Y*
- 47.30%
- 10Y*
- 9.98%
- ALL TIME*
- -5.32%
OTPIX
- 1D
- 3.35%
- 1M
- -4.29%
- 6M
- 9.21%
- YTD
- 10.39%
- 1Y
- 21.79%
- 3Y*
- -24.71%
- 5Y*
- -12.36%
- 10Y*
- 4.33%
- ALL TIME*
- 5.52%
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. OTPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHPIX ProFunds Short Small Cap ProFund | -15.64% | -9.61% | 83.27% | 344.97% | 16.39% | -19.78% | -31.60% | -20.89% | 9.96% | -14.49% |
OTPIX ProFunds NASDAQ-100 Fund | 10.39% | 18.08% | -69.20% | 51.66% | -34.36% | 48.75% | 45.00% | 36.58% | -1.75% | 29.45% |
Correlation
The correlation between SHPIX and OTPIX is -0.71, 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. | -0.71 |
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 SHPIX and OTPIX 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
SHPIX vs. OTPIX — Risk / Return Rank
SHPIX
OTPIX
SHPIX vs. OTPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Short Small Cap ProFund (SHPIX) and ProFunds NASDAQ-100 Fund (OTPIX). 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 | OTPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -3.13 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.18 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 1.51 | -2.35 |
| Martin ratioReturn relative to average drawdown | -1.36 | 4.80 | -6.16 |
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Drawdowns
SHPIX vs. OTPIX - Drawdown Comparison
The maximum SHPIX drawdown since its inception was -96.86%, which is greater than OTPIX's maximum drawdown of -79.55%. Use the drawdown chart below to compare losses from any high point for SHPIX and OTPIX.
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Drawdown Indicators
| SHPIX | OTPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.86% | -79.55% | -17.31% |
Max Drawdown (1Y)Largest decline over 1 year | -27.97% | -12.53% | -15.44% |
Max Drawdown (3Y)Largest decline over 3 years | -41.50% | -79.55% | +38.05% |
Max Drawdown (5Y)Largest decline over 5 years | -41.50% | -79.55% | +38.05% |
Max Drawdown (10Y)Largest decline over 10 years | -68.01% | -79.55% | +11.54% |
Current DrawdownCurrent decline from peak | -75.54% | -67.10% | -8.44% |
Average DrawdownAverage peak-to-trough decline | -74.99% | -23.06% | -51.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.35% | 3.93% | +13.42% |
Volatility
SHPIX vs. OTPIX - Volatility Comparison
The current volatility for ProFunds Short Small Cap ProFund (SHPIX) is 3.81%, while ProFunds NASDAQ-100 Fund (OTPIX) has a volatility of 6.87%. This indicates that SHPIX experiences smaller price fluctuations and is considered to be less risky than OTPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHPIX | OTPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 6.87% | -3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 15.96% | -1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.37% | 19.33% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 189.00% | 42.03% | +146.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 134.62% | 33.34% | +101.28% |
SHPIX vs. OTPIX - Expense Ratio Comparison
SHPIX has a 1.78% expense ratio, which is higher than OTPIX's 1.48% expense ratio.
Dividends
SHPIX vs. OTPIX - Dividend Comparison
SHPIX's dividend yield for the trailing twelve months is around 32.81%, more than OTPIX's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
OTPIX ProFunds NASDAQ-100 Fund | 1.56% | 1.72% | 0.76% | 0.00% | 0.00% | 18.31% | 1.10% | 0.87% |
SHPIX ProFunds Short Small Cap ProFund | 32.81% | 5.70% | 0.00% | 17.01% | 0.00% | 0.00% | 0.00% | 0.85% |
Frequently Asked Questions
SHPIX and OTPIX have a correlation of -0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OTPIX has higher volatility (6.87%) compared to SHPIX (3.81%). In terms of maximum drawdown, SHPIX dropped -96.86% vs OTPIX's -79.55%.
OTPIX currently has the higher Sharpe Ratio (0.98 vs -1.23), 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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