SHPIX vs. URPIX
Compare and contrast key facts about ProFunds Short Small Cap ProFund (SHPIX) and ProFunds UltraBear Fund (URPIX).
SHPIX is managed by ProFunds. It was launched on Apr 30, 2002. URPIX is managed by ProFunds. It was launched on Dec 21, 1997.
Performance
SHPIX vs. URPIX - Performance Comparison
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SHPIX vs. URPIX - 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% |
URPIX ProFunds UltraBear Fund | 17.25% | -27.06% | -32.89% | -31.77% | 29.74% | -43.61% | -51.10% | -42.03% | 4.20% | -32.58% |
Returns By Period
In the year-to-date period, SHPIX achieves a 2.74% return, which is significantly lower than URPIX's 17.25% return. Over the past 10 years, SHPIX has outperformed URPIX with an annualized return of -11.86%, while URPIX has yielded a comparatively lower -26.53% 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%
URPIX
- 1D
- 0.84%
- 1M
- 17.90%
- YTD
- 17.25%
- 6M
- 13.15%
- 1Y
- -22.40%
- 3Y*
- -23.45%
- 5Y*
- -19.88%
- 10Y*
- -26.53%
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SHPIX vs. URPIX - Expense Ratio Comparison
Both SHPIX and URPIX have an expense ratio of 1.78%.
Return for Risk
SHPIX vs. URPIX — Risk / Return Rank
SHPIX
URPIX
SHPIX vs. URPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Short Small Cap ProFund (SHPIX) and ProFunds UltraBear Fund (URPIX). 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 | URPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.71 | -0.65 | -0.06 |
Sortino ratioReturn per unit of downside risk | -0.90 | -0.75 | -0.14 |
Omega ratioGain probability vs. loss probability | 0.89 | 0.89 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | -0.42 | -0.41 | -0.01 |
Martin ratioReturn relative to average drawdown | -0.57 | -0.49 | -0.08 |
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 | URPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.71 | -0.65 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | -0.59 | +0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.09 | -0.75 | +0.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | -0.54 | +0.39 |
Correlation
The correlation between SHPIX and URPIX is 0.85, 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. URPIX - Dividend Comparison
SHPIX's dividend yield for the trailing twelve months is around 14.75%, more than URPIX's 2.33% 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% |
URPIX ProFunds UltraBear Fund | 2.33% | 2.73% | 0.00% | 3.02% | 0.00% | 0.00% | 0.47% | 0.00% |
Drawdowns
SHPIX vs. URPIX - Drawdown Comparison
The maximum SHPIX drawdown since its inception was -99.27%, roughly equal to the maximum URPIX drawdown of -99.91%. Use the drawdown chart below to compare losses from any high point for SHPIX and URPIX.
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Drawdown Indicators
| SHPIX | URPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.27% | -99.91% | +0.64% |
Max Drawdown (1Y)Largest decline over 1 year | -34.74% | -48.95% | +14.21% |
Max Drawdown (5Y)Largest decline over 5 years | -83.16% | -72.81% | -10.35% |
Max Drawdown (10Y)Largest decline over 10 years | -93.19% | -96.41% | +3.22% |
Current DrawdownCurrent decline from peak | -97.02% | -99.89% | +2.87% |
Average DrawdownAverage peak-to-trough decline | -77.77% | -78.94% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.32% | 40.81% | -15.49% |
Volatility
SHPIX vs. URPIX - Volatility Comparison
The current volatility for ProFunds Short Small Cap ProFund (SHPIX) is 6.54%, while ProFunds UltraBear Fund (URPIX) has a volatility of 8.48%. This indicates that SHPIX experiences smaller price fluctuations and is considered to be less risky than URPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHPIX | URPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 8.48% | -1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 14.07% | 18.09% | -4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.12% | 36.11% | -12.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 193.64% | 33.76% | +159.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 137.90% | 35.55% | +102.35% |