UKPIX vs. BEARX
UKPIX (ProFunds Ultra Short Japan Fund) and BEARX (Federated Hermes Prudent Bear Fd) are both Inverse Equities funds. Over the past 10 years, UKPIX returned -15.88%/yr vs -14.29%/yr for BEARX. Their 0.64 correlation means they have sometimes moved together and sometimes differently. Both charge a 1.78% expense ratio.
Performance
UKPIX vs. BEARX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UKPIX achieves a -45.39% return, which is significantly lower than BEARX's -8.18% return. Over the past 10 years, UKPIX has underperformed BEARX with an annualized return of -15.88%, while BEARX has yielded a comparatively higher -14.29% annualized return.
UKPIX
- 1D
- -0.34%
- 1M
- 13.92%
- 6M
- -36.50%
- YTD
- -45.39%
- 1Y
- -66.40%
- 3Y*
- 21.87%
- 5Y*
- 1.18%
- 10Y*
- -15.88%
- ALL TIME*
- -17.91%
BEARX
- 1D
- -1.42%
- 1M
- -1.42%
- 6M
- -6.95%
- YTD
- -8.18%
- 1Y
- -13.40%
- 3Y*
- -15.02%
- 5Y*
- -11.42%
- 10Y*
- -14.29%
- ALL TIME*
- -2.61%
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 |
UKPIX vs. BEARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UKPIX ProFunds Ultra Short Japan Fund | -45.39% | -44.54% | 554.47% | -43.26% | 9.92% | -20.34% | -47.86% | -35.34% | 13.58% | -34.24% |
BEARX Federated Hermes Prudent Bear Fd | -8.18% | -12.42% | -20.34% | -18.67% | 17.78% | -23.78% | -22.95% | -19.95% | -5.96% | -15.76% |
Correlation
The correlation between UKPIX and BEARX is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2006 | 0.64 |
Over the past year, the correlation between UKPIX and BEARX has dropped to 0.37 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UKPIX vs. BEARX — Risk / Return Rank
UKPIX
BEARX
UKPIX vs. BEARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Ultra Short Japan Fund (UKPIX) 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.
| UKPIX | BEARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 0.83 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.80 | -0.11 |
| Martin ratioReturn relative to average drawdown | -1.39 | -1.52 | +0.13 |
Loading charts...
Drawdowns
UKPIX vs. BEARX - Drawdown Comparison
The maximum UKPIX drawdown since its inception was -99.83%, roughly equal to the maximum BEARX drawdown of -95.75%. Use the drawdown chart below to compare losses from any high point for UKPIX and BEARX.
Loading charts...
Drawdown Indicators
| UKPIX | BEARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.83% | -95.75% | -4.08% |
Max Drawdown (1Y)Largest decline over 1 year | -73.93% | -16.55% | -57.38% |
Max Drawdown (3Y)Largest decline over 3 years | -83.62% | -44.46% | -39.16% |
Max Drawdown (5Y)Largest decline over 5 years | -83.62% | -52.48% | -31.14% |
Max Drawdown (10Y)Largest decline over 10 years | -94.57% | -79.22% | -15.35% |
Current DrawdownCurrent decline from peak | -99.43% | -95.69% | -3.74% |
Average DrawdownAverage peak-to-trough decline | -82.82% | -61.22% | -21.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.72% | 8.70% | +41.02% |
Volatility
UKPIX vs. BEARX - Volatility Comparison
ProFunds Ultra Short Japan Fund (UKPIX) has a higher volatility of 18.54% compared to Federated Hermes Prudent Bear Fd (BEARX) at 4.13%. This indicates that UKPIX'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.
Loading charts...
Volatility by Period
| UKPIX | BEARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.54% | 4.13% | +14.41% |
Volatility (6M)Calculated over the trailing 6-month period | 45.61% | 10.44% | +35.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.20% | 12.96% | +42.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 425.81% | 17.16% | +408.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 302.24% | 16.73% | +285.51% |
UKPIX vs. BEARX - Expense Ratio Comparison
Both UKPIX and BEARX have an expense ratio of 1.78%.
Dividends
UKPIX vs. BEARX - Dividend Comparison
UKPIX's dividend yield for the trailing twelve months is around 3.01%, less than BEARX's 7.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BEARX Federated Hermes Prudent Bear Fd | 7.31% | 6.71% | 0.00% | 13.32% | 0.00% | 0.00% | 0.00% | 0.62% |
UKPIX ProFunds Ultra Short Japan Fund | 3.01% | 1.65% | 9.69% | 1.62% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UKPIX and BEARX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UKPIX has higher volatility (18.54%) compared to BEARX (4.13%). In terms of maximum drawdown, UKPIX dropped -99.83% vs BEARX's -95.75%.
BEARX currently has the higher Sharpe Ratio (-1.02 vs -1.23), 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.
Find the right allocation for UKPIX and BEARX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer