URPIX vs. BMPIX
URPIX (ProFunds UltraBear Fund) and BMPIX (ProFunds Basic Materials UltraSector Fund) are both mutual funds - URPIX is a Inverse Equities fund managed by ProFunds, while BMPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, URPIX returned -28.12%/yr vs 9.66%/yr for BMPIX. Their -0.77 correlation means they have often moved in opposite directions in the past. URPIX charges 1.78%/yr vs 1.89%/yr for BMPIX.
Performance
URPIX vs. BMPIX - 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 BMPIX's 17.04% return. Over the past 10 years, URPIX has underperformed BMPIX with an annualized return of -28.12%, while BMPIX has yielded a comparatively higher 9.66% 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%
BMPIX
- 1D
- 1.82%
- 1M
- -3.34%
- 6M
- -0.64%
- YTD
- 17.04%
- 1Y
- 21.91%
- 3Y*
- 7.61%
- 5Y*
- 5.85%
- 10Y*
- 9.66%
- ALL TIME*
- 6.32%
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. BMPIX - 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% |
BMPIX ProFunds Basic Materials UltraSector Fund | 17.04% | 9.09% | -5.35% | 15.30% | -16.22% | 38.93% | 18.27% | 25.13% | -26.81% | 34.96% |
Correlation
The correlation between URPIX and BMPIX is -0.49, 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. | -0.49 |
Correlation (3Y) Balances recent behavior with more history. | -0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.72 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2001 | -0.77 |
Over the past year, the inverse relationship between URPIX and BMPIX has weakened: their correlation has moved from -0.77 to -0.49, meaning they move in opposite directions less often than they have historically.
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Return for Risk
URPIX vs. BMPIX — Risk / Return Rank
URPIX
BMPIX
URPIX vs. BMPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraBear Fund (URPIX) and ProFunds Basic Materials UltraSector Fund (BMPIX). 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 | BMPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -3.19 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.17 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | 1.32 | -2.32 |
| Martin ratioReturn relative to average drawdown | -1.74 | 3.49 | -5.23 |
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Drawdowns
URPIX vs. BMPIX - Drawdown Comparison
The maximum URPIX drawdown since its inception was -99.92%, which is greater than BMPIX's maximum drawdown of -84.22%. Use the drawdown chart below to compare losses from any high point for URPIX and BMPIX.
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Drawdown Indicators
| URPIX | BMPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -84.22% | -15.70% |
Max Drawdown (1Y)Largest decline over 1 year | -30.37% | -18.38% | -11.99% |
Max Drawdown (3Y)Largest decline over 3 years | -69.89% | -34.54% | -35.35% |
Max Drawdown (5Y)Largest decline over 5 years | -76.97% | -38.50% | -38.47% |
Max Drawdown (10Y)Largest decline over 10 years | -96.59% | -61.41% | -35.18% |
Current DrawdownCurrent decline from peak | -99.92% | -8.44% | -91.48% |
Average DrawdownAverage peak-to-trough decline | -79.18% | -24.00% | -55.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.38% | 6.93% | +11.45% |
Volatility
URPIX vs. BMPIX - Volatility Comparison
The current volatility for ProFunds UltraBear Fund (URPIX) is 7.57%, while ProFunds Basic Materials UltraSector Fund (BMPIX) has a volatility of 8.40%. This indicates that URPIX experiences smaller price fluctuations and is considered to be less risky than BMPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URPIX | BMPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.57% | 8.40% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 20.49% | 21.14% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.77% | 26.55% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.08% | 29.70% | +4.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.65% | 32.11% | +3.54% |
URPIX vs. BMPIX - Expense Ratio Comparison
URPIX has a 1.78% expense ratio, which is lower than BMPIX's 1.89% expense ratio.
Dividends
URPIX vs. BMPIX - Dividend Comparison
URPIX's dividend yield for the trailing twelve months is around 3.32%, more than BMPIX's 1.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BMPIX ProFunds Basic Materials UltraSector Fund | 1.55% | 1.81% | 0.94% | 0.96% | 0.00% | 0.00% | 0.28% | 0.00% | 0.00% | 0.00% | 0.16% |
URPIX ProFunds UltraBear Fund | 3.32% | 2.73% | 0.00% | 3.02% | 0.00% | 0.00% | 0.47% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
URPIX and BMPIX 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.
BMPIX has higher volatility (8.40%) compared to URPIX (7.57%). In terms of maximum drawdown, URPIX dropped -99.92% vs BMPIX's -84.22%.
BMPIX currently has the higher Sharpe Ratio (0.91 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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