URPIX vs. BEARX
URPIX (ProFunds UltraBear Fund) and BEARX (Federated Hermes Prudent Bear Fd) are both Inverse Equities funds. Over the past 10 years, URPIX returned -28.12%/yr vs -14.29%/yr for BEARX. Their correlation of 0.86 means they have usually moved in the same direction. Both charge a 1.78% expense ratio.
Performance
URPIX vs. BEARX - Performance Comparison
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Returns By Period
In the year-to-date period, URPIX achieves a -17.94% return, which is significantly lower than BEARX's -8.18% return. Over the past 10 years, URPIX has underperformed BEARX with an annualized return of -28.12%, while BEARX has yielded a comparatively higher -14.29% annualized return.
URPIX
- 1D
- -2.96%
- 1M
- -2.80%
- 6M
- -16.55%
- YTD
- -17.94%
- 1Y
- -28.38%
- 3Y*
- -28.60%
- 5Y*
- -21.83%
- 10Y*
- -28.12%
- ALL TIME*
- -21.54%
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 |
URPIX vs. BEARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
URPIX ProFunds UltraBear Fund | -17.94% | -27.06% | -32.89% | -31.77% | 29.74% | -43.61% | -51.10% | -42.03% | 4.20% | -32.58% |
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 URPIX and BEARX is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 1997 | 0.86 |
Over the past year, the correlation between URPIX and BEARX has dropped to 0.49 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
URPIX vs. BEARX — Risk / Return Rank
URPIX
BEARX
URPIX vs. BEARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraBear Fund (URPIX) 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.
| URPIX | BEARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.83 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | -0.80 | -0.20 |
| Martin ratioReturn relative to average drawdown | -1.74 | -1.52 | -0.22 |
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Drawdowns
URPIX vs. BEARX - Drawdown Comparison
The maximum URPIX drawdown since its inception was -99.92%, roughly equal to the maximum BEARX drawdown of -95.75%. Use the drawdown chart below to compare losses from any high point for URPIX and BEARX.
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Drawdown Indicators
| URPIX | BEARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -95.75% | -4.17% |
Max Drawdown (1Y)Largest decline over 1 year | -30.37% | -16.55% | -13.82% |
Max Drawdown (3Y)Largest decline over 3 years | -69.89% | -44.46% | -25.43% |
Max Drawdown (5Y)Largest decline over 5 years | -76.97% | -52.48% | -24.49% |
Max Drawdown (10Y)Largest decline over 10 years | -96.59% | -79.22% | -17.37% |
Current DrawdownCurrent decline from peak | -99.92% | -95.69% | -4.23% |
Average DrawdownAverage peak-to-trough decline | -79.18% | -61.22% | -17.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.38% | 8.70% | +9.68% |
Volatility
URPIX vs. BEARX - Volatility Comparison
ProFunds UltraBear Fund (URPIX) has a higher volatility of 7.57% compared to Federated Hermes Prudent Bear Fd (BEARX) at 4.13%. This indicates that URPIX'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
| URPIX | BEARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.57% | 4.13% | +3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 20.49% | 10.44% | +10.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.77% | 12.96% | +12.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.08% | 17.16% | +16.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.65% | 16.73% | +18.92% |
URPIX vs. BEARX - Expense Ratio Comparison
Both URPIX and BEARX have an expense ratio of 1.78%.
Dividends
URPIX vs. BEARX - Dividend Comparison
URPIX's dividend yield for the trailing twelve months is around 3.32%, 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% |
URPIX ProFunds UltraBear Fund | 3.32% | 2.73% | 0.00% | 3.02% | 0.00% | 0.00% | 0.47% | 0.00% |
Frequently Asked Questions
URPIX and BEARX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URPIX has higher volatility (7.57%) compared to BEARX (4.13%). In terms of maximum drawdown, URPIX dropped -99.92% vs BEARX's -95.75%.
BEARX currently has the higher Sharpe Ratio (-1.02 vs -1.19), 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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