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 -16.73%/yr vs -14.72%/yr for BEARX. A 0.54 correlation means they provide meaningful diversification when combined. 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 -32.58% return, which is significantly lower than BEARX's -7.65% return. Over the past 10 years, UFPIX has underperformed BEARX with an annualized return of -16.73%, while BEARX has yielded a comparatively higher -14.72% annualized return.
UFPIX
- 1D
- -1.13%
- 1M
- 3.70%
- YTD
- -32.58%
- 6M
- -33.36%
- 1Y
- -55.13%
- 3Y*
- 42.81%
- 5Y*
- 10.84%
- 10Y*
- -16.73%
BEARX
- 1D
- 0.29%
- 1M
- 0.29%
- YTD
- -7.65%
- 6M
- -7.74%
- 1Y
- -16.97%
- 3Y*
- -15.79%
- 5Y*
- -11.91%
- 10Y*
- -14.72%
UFPIX vs. BEARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UFPIX ProFunds UltraShort Latin America Fund | -32.58% | -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 | -7.65% | -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 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 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 0.12 - 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 | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 0.74 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.96 | +0.10 |
| Martin ratioReturn relative to average drawdown | -1.35 | -1.77 | +0.42 |
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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 | -63.51% | -18.63% | -44.88% |
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 | -95.97% | -80.48% | -15.49% |
Current DrawdownCurrent decline from peak | -99.48% | -95.66% | -3.82% |
Average DrawdownAverage peak-to-trough decline | -93.52% | -61.09% | -32.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.60% | 11.03% | +29.57% |
Volatility
UFPIX vs. BEARX - Volatility Comparison
ProFunds UltraShort Latin America Fund (UFPIX) has a higher volatility of 12.00% compared to Federated Hermes Prudent Bear Fd (BEARX) at 5.28%. 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 | 12.00% | 5.28% | +6.72% |
Volatility (6M)Calculated over the trailing 6-month period | 33.78% | 9.97% | +23.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.49% | 12.28% | +29.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 339.55% | 17.09% | +322.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 244.33% | 16.75% | +227.58% |
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 14.11%, more than BEARX's 7.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BEARX Federated Hermes Prudent Bear Fd | 7.27% | 6.71% | 0.00% | 13.32% | 0.00% | 0.00% | 0.00% | 0.62% |
UFPIX ProFunds UltraShort Latin America Fund | 14.11% | 9.52% | 0.00% | 2.64% | 0.00% | 0.00% | 0.00% | 0.36% |
Frequently Asked Questions
UFPIX and BEARX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UFPIX has higher volatility (12.00%) compared to BEARX (5.28%). In terms of maximum drawdown, UFPIX dropped -99.86% vs BEARX's -95.75%.
UFPIX currently has the higher Sharpe Ratio (-1.33 vs -1.46), 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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