UCPIX vs. BIPIX
UCPIX (ProFunds UltraShort Small Cap Fund) and BIPIX (ProFunds Biotechnology UltraSector Fund) are both mutual funds - UCPIX is a Inverse Equities fund managed by ProFunds, while BIPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, UCPIX returned -8.89%/yr vs 8.18%/yr for BIPIX. Their -0.65 correlation means they have often moved in opposite directions in the past. UCPIX charges 1.78%/yr vs 1.49%/yr for BIPIX.
Performance
UCPIX vs. BIPIX - Performance Comparison
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Returns By Period
In the year-to-date period, UCPIX achieves a -30.70% return, which is significantly lower than BIPIX's 33.52% return. Over the past 10 years, UCPIX has underperformed BIPIX with an annualized return of -8.89%, while BIPIX has yielded a comparatively higher 8.18% 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%
BIPIX
- 1D
- 3.64%
- 1M
- -8.66%
- 6M
- 29.72%
- YTD
- 33.52%
- 1Y
- 122.13%
- 3Y*
- 15.54%
- 5Y*
- 2.69%
- 10Y*
- 8.18%
- ALL TIME*
- 6.92%
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. BIPIX - 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% |
BIPIX ProFunds Biotechnology UltraSector Fund | 33.52% | 47.99% | -25.91% | 9.55% | -13.43% | 5.00% | 19.94% | 23.65% | -12.15% | 34.71% |
Correlation
The correlation between UCPIX and BIPIX is -0.58, 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. | -0.58 |
Correlation (3Y) Balances recent behavior with more history. | -0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.63 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | -0.65 |
The correlation between UCPIX and BIPIX shifts across timeframes, from -0.69 (3 years) to -0.58 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UCPIX vs. BIPIX — Risk / Return Rank
UCPIX
BIPIX
UCPIX vs. BIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Small Cap Fund (UCPIX) and ProFunds Biotechnology UltraSector Fund (BIPIX). 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 | BIPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.17 | ||
| Sortino ratioReturn per unit of downside risk | -5.28 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.42 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 8.00 | -8.88 |
| Martin ratioReturn relative to average drawdown | -1.35 | 21.22 | -22.58 |
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Drawdowns
UCPIX vs. BIPIX - Drawdown Comparison
The maximum UCPIX drawdown since its inception was -99.90%, which is greater than BIPIX's maximum drawdown of -84.51%. Use the drawdown chart below to compare losses from any high point for UCPIX and BIPIX.
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Drawdown Indicators
| UCPIX | BIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.90% | -84.51% | -15.39% |
Max Drawdown (1Y)Largest decline over 1 year | -50.68% | -15.15% | -35.53% |
Max Drawdown (3Y)Largest decline over 3 years | -68.91% | -59.50% | -9.41% |
Max Drawdown (5Y)Largest decline over 5 years | -68.91% | -63.86% | -5.05% |
Max Drawdown (10Y)Largest decline over 10 years | -92.98% | -63.86% | -29.12% |
Current DrawdownCurrent decline from peak | -99.46% | -11.67% | -87.79% |
Average DrawdownAverage peak-to-trough decline | -84.07% | -37.04% | -47.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.06% | 5.70% | +27.36% |
Volatility
UCPIX vs. BIPIX - Volatility Comparison
The current volatility for ProFunds UltraShort Small Cap Fund (UCPIX) is 7.68%, while ProFunds Biotechnology UltraSector Fund (BIPIX) has a volatility of 11.92%. This indicates that UCPIX experiences smaller price fluctuations and is considered to be less risky than BIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCPIX | BIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | 11.92% | -4.24% |
Volatility (6M)Calculated over the trailing 6-month period | 28.39% | 31.90% | -3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.81% | 40.21% | -1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 400.22% | 40.38% | +359.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 284.69% | 36.54% | +248.15% |
UCPIX vs. BIPIX - Expense Ratio Comparison
UCPIX has a 1.78% expense ratio, which is higher than BIPIX's 1.49% expense ratio.
Dividends
UCPIX vs. BIPIX - Dividend Comparison
UCPIX's dividend yield for the trailing twelve months is around 6.66%, more than BIPIX's 0.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BIPIX ProFunds Biotechnology UltraSector Fund | 0.27% | 0.37% | 0.23% | 6.69% | 0.00% | 0.79% | 12.09% | 3.26% | 5.52% | 7.19% |
UCPIX ProFunds UltraShort Small Cap Fund | 6.66% | 4.61% | 4.24% | 4.77% | 0.00% | 0.00% | 0.00% | 0.30% | 0.00% | 0.00% |
Frequently Asked Questions
UCPIX and BIPIX have a correlation of -0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIPIX has higher volatility (11.92%) compared to UCPIX (7.68%). In terms of maximum drawdown, UCPIX dropped -99.90% vs BIPIX's -84.51%.
BIPIX currently has the higher Sharpe Ratio (3.01 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.
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