URPIX vs. BIPIX
URPIX (ProFunds UltraBear Fund) and BIPIX (ProFunds Biotechnology UltraSector Fund) are both mutual funds - URPIX is a Inverse Equities fund managed by ProFunds, while BIPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, URPIX returned -28.12%/yr vs 7.65%/yr for BIPIX. Their -0.65 correlation means they have often moved in opposite directions in the past. URPIX charges 1.78%/yr vs 1.49%/yr for BIPIX.
Performance
URPIX vs. BIPIX - 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 BIPIX's 27.86% return. Over the past 10 years, URPIX has underperformed BIPIX with an annualized return of -28.12%, while BIPIX has yielded a comparatively higher 7.65% 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%
BIPIX
- 1D
- 0.24%
- 1M
- -12.53%
- 6M
- 20.03%
- YTD
- 27.86%
- 1Y
- 109.21%
- 3Y*
- 16.07%
- 5Y*
- 1.16%
- 10Y*
- 7.65%
- 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 |
URPIX vs. BIPIX - 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% |
BIPIX ProFunds Biotechnology UltraSector Fund | 27.86% | 47.99% | -25.91% | 9.55% | -13.43% | 5.00% | 19.94% | 23.65% | -12.15% | 34.71% |
Correlation
The correlation between URPIX and BIPIX is -0.46, 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. | -0.46 |
Correlation (3Y) Balances recent behavior with more history. | -0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.61 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2000 | -0.65 |
The correlation between URPIX and BIPIX shifts across timeframes, from -0.65 (all time) to -0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
URPIX vs. BIPIX — Risk / Return Rank
URPIX
BIPIX
URPIX vs. BIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraBear Fund (URPIX) 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.
| URPIX | BIPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.99 | ||
| Sortino ratioReturn per unit of downside risk | -5.11 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.40 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | 7.26 | -8.26 |
| Martin ratioReturn relative to average drawdown | -1.74 | 19.29 | -21.03 |
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Drawdowns
URPIX vs. BIPIX - Drawdown Comparison
The maximum URPIX drawdown since its inception was -99.92%, which is greater than BIPIX's maximum drawdown of -84.51%. Use the drawdown chart below to compare losses from any high point for URPIX and BIPIX.
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Drawdown Indicators
| URPIX | BIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -84.51% | -15.41% |
Max Drawdown (1Y)Largest decline over 1 year | -30.37% | -15.62% | -14.75% |
Max Drawdown (3Y)Largest decline over 3 years | -69.89% | -59.50% | -10.39% |
Max Drawdown (5Y)Largest decline over 5 years | -76.97% | -63.86% | -13.11% |
Max Drawdown (10Y)Largest decline over 10 years | -96.59% | -63.86% | -32.73% |
Current DrawdownCurrent decline from peak | -99.92% | -15.41% | -84.51% |
Average DrawdownAverage peak-to-trough decline | -79.18% | -37.03% | -42.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.38% | 5.86% | +12.52% |
Volatility
URPIX vs. BIPIX - Volatility Comparison
The current volatility for ProFunds UltraBear Fund (URPIX) is 7.57%, while ProFunds Biotechnology UltraSector Fund (BIPIX) has a volatility of 11.82%. This indicates that URPIX experiences smaller price fluctuations and is considered to be less risky 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
| URPIX | BIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.57% | 11.82% | -4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 20.49% | 32.14% | -11.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.77% | 40.56% | -14.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.08% | 40.41% | -6.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.65% | 36.57% | -0.92% |
URPIX vs. BIPIX - Expense Ratio Comparison
URPIX has a 1.78% expense ratio, which is higher than BIPIX's 1.49% expense ratio.
Dividends
URPIX vs. BIPIX - Dividend Comparison
URPIX's dividend yield for the trailing twelve months is around 3.32%, 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% |
URPIX ProFunds UltraBear Fund | 3.32% | 2.73% | 0.00% | 3.02% | 0.00% | 0.00% | 0.47% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
URPIX and BIPIX have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIPIX has higher volatility (11.82%) compared to URPIX (7.57%). In terms of maximum drawdown, URPIX dropped -99.92% vs BIPIX's -84.51%.
BIPIX currently has the higher Sharpe Ratio (2.80 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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