UFPIX vs. BEARX
UFPIX (ProFunds UltraShort Latin America Fund) and BEARX (Federated Hermes Prudent Bear Fd) are both Inverse Equities funds. Over the past 10 years, UFPIX returned -15.12%/yr vs -14.19%/yr for BEARX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. Both charge a 1.78% expense ratio.
Performance
UFPIX vs. BEARX - Performance Comparison
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Returns By Period
In the year-to-date period, UFPIX achieves a -36.19% return, which is significantly lower than BEARX's -6.07% return. Over the past 10 years, UFPIX has underperformed BEARX with an annualized return of -15.12%, while BEARX has yielded a comparatively higher -14.19% annualized return.
UFPIX
- 1D
- -5.35%
- 1M
- -8.24%
- 6M
- -13.22%
- YTD
- -36.19%
- 1Y
- -57.75%
- 3Y*
- 44.05%
- 5Y*
- 7.70%
- 10Y*
- -15.12%
- ALL TIME*
- -21.76%
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 |
UFPIX vs. BEARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UFPIX ProFunds UltraShort Latin America Fund | -36.19% | -54.35% | 1,093.05% | -43.28% | -35.80% | -20.05% | -38.78% | -27.84% | -3.97% | -45.62% |
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 UFPIX and BEARX is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2007 | 0.54 |
Over the past year, the correlation between UFPIX and BEARX has dropped to 0.18 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
UFPIX vs. BEARX — Risk / Return Rank
UFPIX
BEARX
UFPIX vs. BEARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Latin America Fund (UFPIX) 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.
| UFPIX | BEARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 0.86 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.64 | -0.27 |
| Martin ratioReturn relative to average drawdown | -1.31 | -1.23 | -0.07 |
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Drawdowns
UFPIX vs. BEARX - Drawdown Comparison
The maximum UFPIX drawdown since its inception was -99.86%, roughly equal to the maximum BEARX drawdown of -95.75%. Use the drawdown chart below to compare losses from any high point for UFPIX and BEARX.
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Drawdown Indicators
| UFPIX | BEARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -95.75% | -4.11% |
Max Drawdown (1Y)Largest decline over 1 year | -62.91% | -16.55% | -46.36% |
Max Drawdown (3Y)Largest decline over 3 years | -75.57% | -44.46% | -31.11% |
Max Drawdown (5Y)Largest decline over 5 years | -75.57% | -52.48% | -23.09% |
Max Drawdown (10Y)Largest decline over 10 years | -94.86% | -79.22% | -15.64% |
Current DrawdownCurrent decline from peak | -99.51% | -95.59% | -3.92% |
Average DrawdownAverage peak-to-trough decline | -93.55% | -61.21% | -32.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.78% | 8.60% | +35.18% |
Volatility
UFPIX vs. BEARX - Volatility Comparison
ProFunds UltraShort Latin America Fund (UFPIX) has a higher volatility of 10.59% compared to Federated Hermes Prudent Bear Fd (BEARX) at 3.78%. This indicates that UFPIX'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.
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Volatility by Period
| UFPIX | BEARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.59% | 3.78% | +6.81% |
Volatility (6M)Calculated over the trailing 6-month period | 33.30% | 10.32% | +22.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.45% | 12.86% | +28.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 339.49% | 17.15% | +322.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 244.17% | 16.71% | +227.46% |
UFPIX vs. BEARX - Expense Ratio Comparison
Both UFPIX and BEARX have an expense ratio of 1.78%.
Dividends
UFPIX vs. BEARX - Dividend Comparison
UFPIX's dividend yield for the trailing twelve months is around 14.91%, more 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% |
UFPIX ProFunds UltraShort Latin America Fund | 14.91% | 9.52% | 0.00% | 2.64% | 0.00% | 0.00% | 0.00% | 0.36% |
Frequently Asked Questions
UFPIX and BEARX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UFPIX has higher volatility (10.59%) compared to BEARX (3.78%). In terms of maximum drawdown, UFPIX dropped -99.86% vs BEARX's -95.75%.
BEARX currently has the higher Sharpe Ratio (-0.83 vs -1.38), 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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