UCPIX vs. BRPIX
UCPIX (ProFunds UltraShort Small Cap Fund) and BRPIX (ProFunds Bear Fund) are both Inverse Equities funds from ProFunds. Over the past 10 years, UCPIX returned -9.05%/yr vs -13.90%/yr for BRPIX. Their correlation of 0.85 means they have usually moved in the same direction. UCPIX charges 1.78%/yr vs 1.64%/yr for BRPIX.
Performance
UCPIX vs. BRPIX - Performance Comparison
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Returns By Period
In the year-to-date period, UCPIX achieves a -30.00% return, which is significantly lower than BRPIX's -7.13% return. Over the past 10 years, UCPIX has outperformed BRPIX with an annualized return of -9.05%, while BRPIX has yielded a comparatively lower -13.90% annualized return.
UCPIX
- 1D
- 1.01%
- 1M
- 4.75%
- 6M
- -20.81%
- YTD
- -30.00%
- 1Y
- -47.36%
- 3Y*
- 58.84%
- 5Y*
- 29.32%
- 10Y*
- -9.05%
- ALL TIME*
- -20.02%
BRPIX
- 1D
- -0.70%
- 1M
- 0.12%
- 6M
- -5.68%
- YTD
- -7.13%
- 1Y
- -13.92%
- 3Y*
- -13.95%
- 5Y*
- -10.23%
- 10Y*
- -13.90%
- ALL TIME*
- 0.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BRPIX ProFunds Bear Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
UCPIX vs. BRPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UCPIX ProFunds UltraShort Small Cap Fund | -30.00% | -25.76% | 707.30% | -26.54% | 28.08% | -36.02% | -60.58% | -38.99% | 17.86% | -27.19% |
BRPIX ProFunds Bear Fund | -7.13% | -12.27% | -20.40% | -15.39% | 17.31% | -24.68% | -25.63% | -23.18% | 4.03% | -18.03% |
Correlation
The correlation between UCPIX and BRPIX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | 0.85 |
The correlation between UCPIX and BRPIX has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.
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Return for Risk
UCPIX vs. BRPIX — Risk / Return Rank
UCPIX
BRPIX
UCPIX vs. BRPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Small Cap Fund (UCPIX) and ProFunds Bear Fund (BRPIX). 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 | BRPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 0.85 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | -0.78 | -0.12 |
| Martin ratioReturn relative to average drawdown | -1.36 | -1.35 | -0.01 |
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Drawdowns
UCPIX vs. BRPIX - Drawdown Comparison
The maximum UCPIX drawdown since its inception was -99.90%, roughly equal to the maximum BRPIX drawdown of -96.76%. Use the drawdown chart below to compare losses from any high point for UCPIX and BRPIX.
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Drawdown Indicators
| UCPIX | BRPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.90% | -96.76% | -3.14% |
Max Drawdown (1Y)Largest decline over 1 year | -48.54% | -16.15% | -32.39% |
Max Drawdown (3Y)Largest decline over 3 years | -68.91% | -44.49% | -24.42% |
Max Drawdown (5Y)Largest decline over 5 years | -68.91% | -50.06% | -18.85% |
Max Drawdown (10Y)Largest decline over 10 years | -92.98% | -78.55% | -14.43% |
Current DrawdownCurrent decline from peak | -99.46% | -96.30% | -3.16% |
Average DrawdownAverage peak-to-trough decline | -84.07% | -62.31% | -21.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.19% | 9.22% | +23.97% |
Volatility
UCPIX vs. BRPIX - Volatility Comparison
ProFunds UltraShort Small Cap Fund (UCPIX) has a higher volatility of 7.70% compared to ProFunds Bear Fund (BRPIX) at 3.47%. This indicates that UCPIX's price experiences larger fluctuations and is considered to be riskier than BRPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCPIX | BRPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.70% | 3.47% | +4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 28.42% | 10.19% | +18.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.81% | 12.91% | +25.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 400.06% | 17.28% | +382.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 284.69% | 17.89% | +266.80% |
UCPIX vs. BRPIX - Expense Ratio Comparison
UCPIX has a 1.78% expense ratio, which is higher than BRPIX's 1.64% expense ratio.
Dividends
UCPIX vs. BRPIX - Dividend Comparison
UCPIX's dividend yield for the trailing twelve months is around 6.59%, more than BRPIX's 4.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BRPIX ProFunds Bear Fund | 4.68% | 4.35% | 0.00% | 5.58% | 0.00% | 0.00% | 0.06% | 0.27% |
UCPIX ProFunds UltraShort Small Cap Fund | 6.59% | 4.61% | 4.24% | 4.77% | 0.00% | 0.00% | 0.00% | 0.30% |
Frequently Asked Questions
UCPIX and BRPIX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCPIX has higher volatility (7.70%) compared to BRPIX (3.47%). In terms of maximum drawdown, UCPIX dropped -99.90% vs BRPIX's -96.76%.
BRPIX currently has the higher Sharpe Ratio (-0.97 vs -1.17), 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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