UKPIX vs. BIPIX
UKPIX (ProFunds Ultra Short Japan Fund) and BIPIX (ProFunds Biotechnology UltraSector Fund) are both mutual funds - UKPIX is a Inverse Equities fund managed by ProFunds, while BIPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, UKPIX returned -15.97%/yr vs 8.18%/yr for BIPIX. Their -0.48 correlation means they have often moved in opposite directions in the past. UKPIX charges 1.78%/yr vs 1.49%/yr for BIPIX.
Performance
UKPIX vs. BIPIX - Performance Comparison
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Returns By Period
In the year-to-date period, UKPIX achieves a -45.96% return, which is significantly lower than BIPIX's 33.52% return. Over the past 10 years, UKPIX has underperformed BIPIX with an annualized return of -15.97%, while BIPIX has yielded a comparatively higher 8.18% annualized return.
UKPIX
- 1D
- -7.70%
- 1M
- 12.75%
- 6M
- -38.57%
- YTD
- -45.96%
- 1Y
- -67.69%
- 3Y*
- 24.54%
- 5Y*
- 0.86%
- 10Y*
- -15.97%
- ALL TIME*
- -17.96%
BIPIX
- 1D
- 3.64%
- 1M
- -8.66%
- 6M
- 29.72%
- YTD
- 33.52%
- 1Y
- 122.13%
- 3Y*
- 15.54%
- 5Y*
- 2.69%
- 10Y*
- 8.18%
- ALL TIME*
- 6.92%
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. BIPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UKPIX ProFunds Ultra Short Japan Fund | -45.96% | -44.54% | 554.47% | -43.26% | 9.92% | -20.34% | -47.86% | -35.34% | 13.58% | -34.24% |
BIPIX ProFunds Biotechnology UltraSector Fund | 33.52% | 47.99% | -25.91% | 9.55% | -13.43% | 5.00% | 19.94% | 23.65% | -12.15% | 34.71% |
Correlation
The correlation between UKPIX and BIPIX is -0.41, 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. | -0.41 |
Correlation (3Y) Balances recent behavior with more history. | -0.41 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.46 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2006 | -0.48 |
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Return for Risk
UKPIX vs. BIPIX — Risk / Return Rank
UKPIX
BIPIX
UKPIX vs. BIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Ultra Short Japan Fund (UKPIX) 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.
| UKPIX | BIPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.22 | ||
| Sortino ratioReturn per unit of downside risk | -5.77 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.42 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 8.00 | -8.89 |
| Martin ratioReturn relative to average drawdown | -1.35 | 21.22 | -22.57 |
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Drawdowns
UKPIX vs. BIPIX - Drawdown Comparison
The maximum UKPIX drawdown since its inception was -99.83%, which is greater than BIPIX's maximum drawdown of -84.51%. Use the drawdown chart below to compare losses from any high point for UKPIX and BIPIX.
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Drawdown Indicators
| UKPIX | BIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.83% | -84.51% | -15.32% |
Max Drawdown (1Y)Largest decline over 1 year | -74.60% | -15.15% | -59.45% |
Max Drawdown (3Y)Largest decline over 3 years | -83.62% | -59.50% | -24.12% |
Max Drawdown (5Y)Largest decline over 5 years | -83.62% | -63.86% | -19.76% |
Max Drawdown (10Y)Largest decline over 10 years | -94.57% | -63.86% | -30.71% |
Current DrawdownCurrent decline from peak | -99.43% | -11.67% | -87.76% |
Average DrawdownAverage peak-to-trough decline | -82.82% | -37.04% | -45.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.36% | 5.70% | +43.66% |
Volatility
UKPIX vs. BIPIX - Volatility Comparison
ProFunds Ultra Short Japan Fund (UKPIX) has a higher volatility of 19.08% compared to ProFunds Biotechnology UltraSector Fund (BIPIX) at 11.92%. This indicates that UKPIX'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
| UKPIX | BIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.08% | 11.92% | +7.16% |
Volatility (6M)Calculated over the trailing 6-month period | 45.61% | 31.90% | +13.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.21% | 40.21% | +15.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 425.82% | 40.38% | +385.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 302.13% | 36.54% | +265.59% |
UKPIX vs. BIPIX - Expense Ratio Comparison
UKPIX has a 1.78% expense ratio, which is higher than BIPIX's 1.49% expense ratio.
Dividends
UKPIX vs. BIPIX - Dividend Comparison
UKPIX's dividend yield for the trailing twelve months is around 3.05%, more than BIPIX's 0.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BIPIX ProFunds Biotechnology UltraSector Fund | 0.27% | 0.37% | 0.23% | 6.69% | 0.00% | 0.79% | 12.09% | 3.26% | 5.52% | 7.19% |
UKPIX ProFunds Ultra Short Japan Fund | 3.05% | 1.65% | 9.69% | 1.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UKPIX and BIPIX have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UKPIX has higher volatility (19.08%) compared to BIPIX (11.92%). In terms of maximum drawdown, UKPIX dropped -99.83% vs BIPIX's -84.51%.
BIPIX currently has the higher Sharpe Ratio (3.01 vs -1.21), 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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