SOPIX vs. FNPIX
SOPIX (ProFunds Short NASDAQ-100 Fund) and FNPIX (ProFunds Financials UltraSector Fund) are both mutual funds - SOPIX is a Inverse Equities fund managed by ProFunds, while FNPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, SOPIX returned -19.61%/yr vs 14.97%/yr for FNPIX. Their -0.66 correlation means they have often moved in opposite directions in the past. SOPIX charges 1.78%/yr vs 1.72%/yr for FNPIX.
Performance
SOPIX vs. FNPIX - Performance Comparison
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Returns By Period
In the year-to-date period, SOPIX achieves a -9.87% return, which is significantly lower than FNPIX's 4.06% return. Over the past 10 years, SOPIX has underperformed FNPIX with an annualized return of -19.61%, while FNPIX has yielded a comparatively higher 14.97% annualized return.
SOPIX
- 1D
- -3.36%
- 1M
- 4.31%
- 6M
- -9.07%
- YTD
- -9.87%
- 1Y
- -17.52%
- 3Y*
- -17.93%
- 5Y*
- -14.03%
- 10Y*
- -19.61%
- ALL TIME*
- -17.47%
FNPIX
- 1D
- 0.86%
- 1M
- 3.25%
- 6M
- 8.41%
- YTD
- 4.06%
- 1Y
- 13.02%
- 3Y*
- 22.22%
- 5Y*
- 11.92%
- 10Y*
- 14.97%
- ALL TIME*
- 4.41%
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 |
SOPIX vs. FNPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOPIX ProFunds Short NASDAQ-100 Fund | -9.87% | -15.80% | -23.82% | -31.85% | 34.73% | -25.69% | -42.92% | -28.29% | -3.07% | -25.24% |
FNPIX ProFunds Financials UltraSector Fund | 4.06% | 16.39% | 38.51% | 18.34% | -23.84% | 57.11% | -9.83% | 46.49% | -17.23% | 27.19% |
Correlation
The correlation between SOPIX and FNPIX is -0.30, 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. | -0.30 |
Correlation (3Y) Balances recent behavior with more history. | -0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.56 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2003 | -0.66 |
Over the past year, the inverse relationship between SOPIX and FNPIX has weakened: their correlation has moved from -0.66 to -0.30, meaning they move in opposite directions less often than they have historically.
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Return for Risk
SOPIX vs. FNPIX — Risk / Return Rank
SOPIX
FNPIX
SOPIX vs. FNPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Short NASDAQ-100 Fund (SOPIX) and ProFunds Financials UltraSector Fund (FNPIX). 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.
| SOPIX | FNPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.09 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 0.41 | -1.03 |
| Martin ratioReturn relative to average drawdown | -1.21 | 0.97 | -2.18 |
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Drawdowns
SOPIX vs. FNPIX - Drawdown Comparison
The maximum SOPIX drawdown since its inception was -99.07%, which is greater than FNPIX's maximum drawdown of -93.14%. Use the drawdown chart below to compare losses from any high point for SOPIX and FNPIX.
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Drawdown Indicators
| SOPIX | FNPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.07% | -93.14% | -5.93% |
Max Drawdown (1Y)Largest decline over 1 year | -24.87% | -22.37% | -2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -54.87% | -23.21% | -31.66% |
Max Drawdown (5Y)Largest decline over 5 years | -65.00% | -37.80% | -27.20% |
Max Drawdown (10Y)Largest decline over 10 years | -89.76% | -58.23% | -31.53% |
Current DrawdownCurrent decline from peak | -98.99% | -1.53% | -97.46% |
Average DrawdownAverage peak-to-trough decline | -76.28% | -36.03% | -40.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.79% | 9.35% | +3.44% |
Volatility
SOPIX vs. FNPIX - Volatility Comparison
ProFunds Short NASDAQ-100 Fund (SOPIX) and ProFunds Financials UltraSector Fund (FNPIX) have volatilities of 6.90% and 6.69%, 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
| SOPIX | FNPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.90% | 6.69% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 15.93% | 16.63% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.30% | 22.03% | -2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.86% | 27.30% | -3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.69% | 30.55% | -7.86% |
SOPIX vs. FNPIX - Expense Ratio Comparison
SOPIX has a 1.78% expense ratio, which is higher than FNPIX's 1.72% expense ratio.
Dividends
SOPIX vs. FNPIX - Dividend Comparison
SOPIX's dividend yield for the trailing twelve months is around 2.38%, while FNPIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FNPIX ProFunds Financials UltraSector Fund | 0.00% | 0.00% | 0.49% | 0.25% | 0.00% | 13.10% | 0.00% | 1.70% |
SOPIX ProFunds Short NASDAQ-100 Fund | 2.38% | 2.14% | 0.00% | 6.71% | 0.00% | 0.00% | 0.00% | 0.29% |
Frequently Asked Questions
SOPIX and FNPIX have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOPIX has higher volatility (6.90%) compared to FNPIX (6.69%). In terms of maximum drawdown, SOPIX dropped -99.07% vs FNPIX's -93.14%.
FNPIX currently has the higher Sharpe Ratio (0.41 vs -0.80), 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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