UCPIX vs. BEARX
UCPIX (ProFunds UltraShort Small Cap Fund) and BEARX (Federated Hermes Prudent Bear Fd) are both Inverse Equities funds. Over the past 10 years, UCPIX returned -8.89%/yr vs -14.19%/yr for BEARX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. Both charge a 1.78% expense ratio.
Performance
UCPIX vs. BEARX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UCPIX achieves a -30.70% return, which is significantly lower than BEARX's -6.07% return. Over the past 10 years, UCPIX has outperformed BEARX with an annualized return of -8.89%, while BEARX has yielded a comparatively lower -14.19% annualized return.
UCPIX
- 1D
- -2.74%
- 1M
- 3.70%
- 6M
- -23.15%
- YTD
- -30.70%
- 1Y
- -47.89%
- 3Y*
- 58.79%
- 5Y*
- 29.06%
- 10Y*
- -8.89%
- ALL TIME*
- -20.06%
BEARX
- 1D
- -1.66%
- 1M
- 0.85%
- 6M
- -5.07%
- YTD
- -6.07%
- 1Y
- -11.20%
- 3Y*
- -13.79%
- 5Y*
- -11.02%
- 10Y*
- -14.19%
- ALL TIME*
- -2.54%
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 |
UCPIX vs. BEARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UCPIX ProFunds UltraShort Small Cap Fund | -30.70% | -25.76% | 707.30% | -26.54% | 28.08% | -36.02% | -60.58% | -38.99% | 17.86% | -27.19% |
BEARX Federated Hermes Prudent Bear Fd | -6.07% | -12.42% | -20.34% | -18.67% | 17.78% | -23.78% | -22.95% | -19.95% | -5.96% | -15.76% |
Correlation
The correlation between UCPIX and BEARX is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | 0.79 |
Over the past year, the correlation between UCPIX and BEARX has dropped to 0.35 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UCPIX vs. BEARX — Risk / Return Rank
UCPIX
BEARX
UCPIX vs. BEARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Small Cap Fund (UCPIX) and Federated Hermes Prudent Bear Fd (BEARX). 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.
| UCPIX | BEARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.86 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | -0.64 | -0.24 |
| Martin ratioReturn relative to average drawdown | -1.35 | -1.23 | -0.12 |
Loading charts...
Drawdowns
UCPIX vs. BEARX - Drawdown Comparison
The maximum UCPIX drawdown since its inception was -99.90%, roughly equal to the maximum BEARX drawdown of -95.75%. Use the drawdown chart below to compare losses from any high point for UCPIX and BEARX.
Loading charts...
Drawdown Indicators
| UCPIX | BEARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.90% | -95.75% | -4.15% |
Max Drawdown (1Y)Largest decline over 1 year | -50.68% | -16.55% | -34.13% |
Max Drawdown (3Y)Largest decline over 3 years | -68.91% | -44.46% | -24.45% |
Max Drawdown (5Y)Largest decline over 5 years | -68.91% | -52.48% | -16.43% |
Max Drawdown (10Y)Largest decline over 10 years | -92.98% | -79.22% | -13.76% |
Current DrawdownCurrent decline from peak | -99.46% | -95.59% | -3.87% |
Average DrawdownAverage peak-to-trough decline | -84.07% | -61.21% | -22.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.06% | 8.60% | +24.46% |
Volatility
UCPIX vs. BEARX - Volatility Comparison
ProFunds UltraShort Small Cap Fund (UCPIX) has a higher volatility of 7.68% compared to Federated Hermes Prudent Bear Fd (BEARX) at 3.78%. This indicates that UCPIX's price experiences larger fluctuations and is considered to be riskier than BEARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UCPIX | BEARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | 3.78% | +3.90% |
Volatility (6M)Calculated over the trailing 6-month period | 28.39% | 10.32% | +18.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.81% | 12.86% | +25.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 400.22% | 17.15% | +383.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 284.69% | 16.71% | +267.98% |
UCPIX vs. BEARX - Expense Ratio Comparison
Both UCPIX and BEARX have an expense ratio of 1.78%.
Dividends
UCPIX vs. BEARX - Dividend Comparison
UCPIX's dividend yield for the trailing twelve months is around 6.66%, less than BEARX's 7.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BEARX Federated Hermes Prudent Bear Fd | 7.15% | 6.71% | 0.00% | 13.32% | 0.00% | 0.00% | 0.00% | 0.62% |
UCPIX ProFunds UltraShort Small Cap Fund | 6.66% | 4.61% | 4.24% | 4.77% | 0.00% | 0.00% | 0.00% | 0.30% |
Frequently Asked Questions
UCPIX and BEARX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCPIX has higher volatility (7.68%) compared to BEARX (3.78%). In terms of maximum drawdown, UCPIX dropped -99.90% vs BEARX's -95.75%.
BEARX currently has the higher Sharpe Ratio (-0.83 vs -1.16), 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.
Find the right allocation for UCPIX and BEARX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer