UHPIX vs. BIPIX
UHPIX (ProFunds UltraShort China) and BIPIX (ProFunds Biotechnology UltraSector Fund) are both mutual funds - UHPIX is a Inverse Equities fund managed by ProFunds, while BIPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, UHPIX returned -30.99%/yr vs 7.63%/yr for BIPIX. Their -0.45 correlation means they have often moved in opposite directions in the past. UHPIX charges 1.78%/yr vs 1.49%/yr for BIPIX.
Performance
UHPIX vs. BIPIX - Performance Comparison
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Returns By Period
In the year-to-date period, UHPIX achieves a 20.85% return, which is significantly lower than BIPIX's 27.55% return. Over the past 10 years, UHPIX has underperformed BIPIX with an annualized return of -30.99%, while BIPIX has yielded a comparatively higher 7.63% annualized return.
UHPIX
- 1D
- -3.41%
- 1M
- -21.05%
- 6M
- 28.14%
- YTD
- 20.85%
- 1Y
- -1.04%
- 3Y*
- -21.49%
- 5Y*
- -31.18%
- 10Y*
- -30.99%
- ALL TIME*
- -30.65%
BIPIX
- 1D
- -4.47%
- 1M
- -12.75%
- 6M
- 20.16%
- YTD
- 27.55%
- 1Y
- 112.19%
- 3Y*
- 14.48%
- 5Y*
- 1.75%
- 10Y*
- 7.63%
- ALL TIME*
- 6.74%
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 |
UHPIX vs. BIPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UHPIX ProFunds UltraShort China | 20.85% | -49.82% | -29.87% | -26.13% | -63.62% | 94.89% | -64.76% | -43.34% | 39.47% | -57.67% |
BIPIX ProFunds Biotechnology UltraSector Fund | 27.55% | 47.99% | -25.91% | 9.55% | -13.43% | 5.00% | 19.94% | 23.65% | -12.15% | 34.71% |
Correlation
The correlation between UHPIX and BIPIX is -0.24, 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. | -0.24 |
Correlation (3Y) Balances recent behavior with more history. | -0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.39 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2008 | -0.45 |
Over the past year, the inverse relationship between UHPIX and BIPIX has weakened: their correlation has moved from -0.45 to -0.24, meaning they move in opposite directions less often than they have historically.
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Return for Risk
UHPIX vs. BIPIX — Risk / Return Rank
UHPIX
BIPIX
UHPIX vs. BIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort China (UHPIX) 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.
| UHPIX | BIPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.40 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 7.27 | -7.20 |
| Martin ratioReturn relative to average drawdown | 0.15 | 19.61 | -19.45 |
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Drawdowns
UHPIX vs. BIPIX - Drawdown Comparison
The maximum UHPIX drawdown since its inception was -99.98%, which is greater than BIPIX's maximum drawdown of -84.51%. Use the drawdown chart below to compare losses from any high point for UHPIX and BIPIX.
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Drawdown Indicators
| UHPIX | BIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -84.51% | -15.47% |
Max Drawdown (1Y)Largest decline over 1 year | -39.69% | -15.62% | -24.07% |
Max Drawdown (3Y)Largest decline over 3 years | -80.64% | -59.50% | -21.14% |
Max Drawdown (5Y)Largest decline over 5 years | -96.64% | -63.86% | -32.78% |
Max Drawdown (10Y)Largest decline over 10 years | -98.49% | -63.86% | -34.63% |
Current DrawdownCurrent decline from peak | -99.96% | -15.62% | -84.34% |
Average DrawdownAverage peak-to-trough decline | -93.46% | -37.03% | -56.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.19% | 5.78% | +15.41% |
Volatility
UHPIX vs. BIPIX - Volatility Comparison
ProFunds UltraShort China (UHPIX) has a higher volatility of 13.79% compared to ProFunds Biotechnology UltraSector Fund (BIPIX) at 12.60%. This indicates that UHPIX's price experiences larger fluctuations and is considered to be riskier 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
| UHPIX | BIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.79% | 12.60% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 38.31% | 32.24% | +6.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.45% | 40.50% | +12.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.00% | 40.41% | +41.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 228.56% | 36.56% | +192.00% |
UHPIX vs. BIPIX - Expense Ratio Comparison
UHPIX has a 1.78% expense ratio, which is higher than BIPIX's 1.49% expense ratio.
Dividends
UHPIX vs. BIPIX - Dividend Comparison
UHPIX's dividend yield for the trailing twelve months is around 3.55%, more than BIPIX's 0.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BIPIX ProFunds Biotechnology UltraSector Fund | 0.29% | 0.37% | 0.23% | 6.69% | 0.00% | 0.79% | 12.09% | 3.26% | 5.52% | 7.19% |
UHPIX ProFunds UltraShort China | 3.55% | 4.29% | 0.00% | 3.45% | 0.00% | 0.00% | 0.00% | 0.55% | 0.00% | 0.00% |
Frequently Asked Questions
UHPIX and BIPIX have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UHPIX has higher volatility (13.79%) compared to BIPIX (12.60%). In terms of maximum drawdown, UHPIX dropped -99.98% vs BIPIX's -84.51%.
BIPIX currently has the higher Sharpe Ratio (2.81 vs 0.06), 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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