SOPIX vs. RTPIX
SOPIX (ProFunds Short NASDAQ-100 Fund) and RTPIX (ProFunds Rising Rates Opportunity 10 Fund) are both mutual funds - SOPIX is a Inverse Equities fund managed by ProFunds, while RTPIX is a Inverse Bonds fund managed by ProFunds. Over the past 10 years, SOPIX returned -21.08%/yr vs 1.12%/yr for RTPIX. At a correlation of -0.21, they often move in opposite directions. Both charge a 1.78% expense ratio.
Performance
SOPIX vs. RTPIX - Performance Comparison
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Returns By Period
In the year-to-date period, SOPIX achieves a -16.41% return, which is significantly lower than RTPIX's 2.97% return. Over the past 10 years, SOPIX has underperformed RTPIX with an annualized return of -21.08%, while RTPIX has yielded a comparatively higher 1.12% annualized return.
SOPIX
- 1D
- 0.25%
- 1M
- -3.06%
- YTD
- -16.41%
- 6M
- -15.19%
- 1Y
- -26.08%
- 3Y*
- -21.30%
- 5Y*
- -15.98%
- 10Y*
- -21.08%
RTPIX
- 1D
- 0.48%
- 1M
- -0.41%
- YTD
- 2.97%
- 6M
- 2.81%
- 1Y
- 2.04%
- 3Y*
- 2.51%
- 5Y*
- 4.89%
- 10Y*
- 1.12%
SOPIX vs. RTPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOPIX ProFunds Short NASDAQ-100 Fund | -16.41% | -15.80% | -23.82% | -31.85% | 34.73% | -25.69% | -42.92% | -28.29% | -3.07% | -25.24% |
RTPIX ProFunds Rising Rates Opportunity 10 Fund | 2.97% | -2.23% | 3.81% | 3.77% | 19.50% | 1.22% | -11.86% | -7.09% | 1.07% | -3.06% |
Correlation
The correlation between SOPIX and RTPIX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | -0.21 |
The correlation between SOPIX and RTPIX shifts across timeframes, from -0.21 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SOPIX vs. RTPIX — Risk / Return Rank
SOPIX
RTPIX
SOPIX vs. RTPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Short NASDAQ-100 Fund (SOPIX) and ProFunds Rising Rates Opportunity 10 Fund (RTPIX). 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 | RTPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.79 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.06 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | 0.46 | -1.47 |
| Martin ratioReturn relative to average drawdown | -2.07 | 0.86 | -2.93 |
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Drawdowns
SOPIX vs. RTPIX - Drawdown Comparison
The maximum SOPIX drawdown since its inception was -99.07%, which is greater than RTPIX's maximum drawdown of -69.27%. Use the drawdown chart below to compare losses from any high point for SOPIX and RTPIX.
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Drawdown Indicators
| SOPIX | RTPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.07% | -69.27% | -29.80% |
Max Drawdown (1Y)Largest decline over 1 year | -25.45% | -3.74% | -21.71% |
Max Drawdown (3Y)Largest decline over 3 years | -54.87% | -9.51% | -45.36% |
Max Drawdown (5Y)Largest decline over 5 years | -65.00% | -9.51% | -55.49% |
Max Drawdown (10Y)Largest decline over 10 years | -90.86% | -23.73% | -67.13% |
Current DrawdownCurrent decline from peak | -99.06% | -58.74% | -40.32% |
Average DrawdownAverage peak-to-trough decline | -76.17% | -51.19% | -24.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.73% | 1.99% | +11.74% |
Volatility
SOPIX vs. RTPIX - Volatility Comparison
ProFunds Short NASDAQ-100 Fund (SOPIX) has a higher volatility of 8.28% compared to ProFunds Rising Rates Opportunity 10 Fund (RTPIX) at 1.56%. This indicates that SOPIX's price experiences larger fluctuations and is considered to be riskier than RTPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOPIX | RTPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.28% | 1.56% | +6.72% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 3.82% | +10.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.66% | 5.18% | +12.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.62% | 8.60% | +15.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.62% | 7.50% | +15.12% |
SOPIX vs. RTPIX - Expense Ratio Comparison
Both SOPIX and RTPIX have an expense ratio of 1.78%.
Dividends
SOPIX vs. RTPIX - Dividend Comparison
SOPIX's dividend yield for the trailing twelve months is around 2.56%, less than RTPIX's 3.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RTPIX ProFunds Rising Rates Opportunity 10 Fund | 3.40% | 3.50% | 0.00% | 6.68% | 0.00% | 0.00% | 0.00% | 0.58% |
SOPIX ProFunds Short NASDAQ-100 Fund | 2.56% | 2.14% | 0.00% | 6.71% | 0.00% | 0.00% | 0.00% | 0.29% |
Frequently Asked Questions
SOPIX and RTPIX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOPIX has higher volatility (8.28%) compared to RTPIX (1.56%). In terms of maximum drawdown, SOPIX dropped -99.07% vs RTPIX's -69.27%.
RTPIX currently has the higher Sharpe Ratio (0.33 vs -1.53), 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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