URPIX vs. BLPIX
URPIX (ProFunds UltraBear Fund) and BLPIX (ProFunds Bull Investor Fund) are both mutual funds - URPIX is a Inverse Equities fund managed by ProFunds, while BLPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, URPIX returned -28.12%/yr vs 12.50%/yr for BLPIX. Their -0.99 correlation means they have often moved in opposite directions in the past. URPIX charges 1.78%/yr vs 1.50%/yr for BLPIX.
Performance
URPIX vs. BLPIX - 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 BLPIX's 10.58% return. Over the past 10 years, URPIX has underperformed BLPIX with an annualized return of -28.12%, while BLPIX has yielded a comparatively higher 12.50% 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%
BLPIX
- 1D
- 1.46%
- 1M
- 1.46%
- 6M
- 9.53%
- YTD
- 10.58%
- 1Y
- 19.34%
- 3Y*
- 17.66%
- 5Y*
- 10.00%
- 10Y*
- 12.50%
- ALL TIME*
- 6.88%
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. BLPIX - 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% |
BLPIX ProFunds Bull Investor Fund | 10.58% | 15.01% | 20.24% | 24.13% | -19.81% | 23.73% | 16.04% | 28.97% | -6.09% | 19.51% |
Correlation
The correlation between URPIX and BLPIX is -1.00, 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. | -1.00 |
Correlation (3Y) Balances recent behavior with more history. | -0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.99 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 1997 | -0.99 |
The correlation between URPIX and BLPIX has been stable across timeframes, ranging from -1.00 to -0.99 - a consistent structural relationship.
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Return for Risk
URPIX vs. BLPIX — Risk / Return Rank
URPIX
BLPIX
URPIX vs. BLPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraBear Fund (URPIX) and ProFunds Bull Investor Fund (BLPIX). 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 | BLPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.84 | ||
| Sortino ratioReturn per unit of downside risk | -4.06 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.30 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | 2.30 | -3.30 |
| Martin ratioReturn relative to average drawdown | -1.74 | 9.70 | -11.44 |
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Drawdowns
URPIX vs. BLPIX - Drawdown Comparison
The maximum URPIX drawdown since its inception was -99.92%, which is greater than BLPIX's maximum drawdown of -57.98%. Use the drawdown chart below to compare losses from any high point for URPIX and BLPIX.
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Drawdown Indicators
| URPIX | BLPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -57.98% | -41.94% |
Max Drawdown (1Y)Largest decline over 1 year | -30.37% | -9.21% | -21.16% |
Max Drawdown (3Y)Largest decline over 3 years | -69.89% | -18.98% | -50.91% |
Max Drawdown (5Y)Largest decline over 5 years | -76.97% | -26.11% | -50.86% |
Max Drawdown (10Y)Largest decline over 10 years | -96.59% | -33.93% | -62.66% |
Current DrawdownCurrent decline from peak | -99.92% | -0.27% | -99.65% |
Average DrawdownAverage peak-to-trough decline | -79.18% | -13.80% | -65.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.38% | 2.18% | +16.20% |
Volatility
URPIX vs. BLPIX - Volatility Comparison
ProFunds UltraBear Fund (URPIX) has a higher volatility of 7.57% compared to ProFunds Bull Investor Fund (BLPIX) at 3.81%. This indicates that URPIX's price experiences larger fluctuations and is considered to be riskier than BLPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URPIX | BLPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.57% | 3.81% | +3.76% |
Volatility (6M)Calculated over the trailing 6-month period | 20.49% | 10.19% | +10.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.77% | 12.85% | +12.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.08% | 17.06% | +17.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.65% | 17.76% | +17.89% |
URPIX vs. BLPIX - Expense Ratio Comparison
URPIX has a 1.78% expense ratio, which is higher than BLPIX's 1.50% expense ratio.
Dividends
URPIX vs. BLPIX - Dividend Comparison
URPIX's dividend yield for the trailing twelve months is around 3.32%, more than BLPIX's 1.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BLPIX ProFunds Bull Investor Fund | 1.43% | 1.58% | 0.00% | 0.03% | 0.98% | 6.68% | 5.79% | 1.64% | 0.62% |
URPIX ProFunds UltraBear Fund | 3.32% | 2.73% | 0.00% | 3.02% | 0.00% | 0.00% | 0.47% | 0.00% | 0.00% |
Frequently Asked Questions
URPIX and BLPIX have a correlation of -1.00, 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 BLPIX (3.81%). In terms of maximum drawdown, URPIX dropped -99.92% vs BLPIX's -57.98%.
BLPIX currently has the higher Sharpe Ratio (1.65 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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