URPIX vs. OTPIX
URPIX (ProFunds UltraBear Fund) and OTPIX (ProFunds NASDAQ-100 Fund) are both mutual funds - URPIX is a Inverse Equities fund managed by ProFunds, while OTPIX is a Large Cap Growth Equities fund managed by ProFunds. Over the past 10 years, URPIX returned -28.98%/yr vs 6.24%/yr for OTPIX. At a correlation of -0.88, they often move in opposite directions. URPIX charges 1.78%/yr vs 1.48%/yr for OTPIX.
Performance
URPIX vs. OTPIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, URPIX achieves a -15.44% return, which is significantly lower than OTPIX's 19.41% return. Over the past 10 years, URPIX has underperformed OTPIX with an annualized return of -28.98%, while OTPIX has yielded a comparatively higher 6.24% annualized return.
URPIX
- 1D
- 0.83%
- 1M
- 0.00%
- YTD
- -15.44%
- 6M
- -13.64%
- 1Y
- -32.58%
- 3Y*
- -29.03%
- 5Y*
- -22.65%
- 10Y*
- -28.98%
OTPIX
- 1D
- -0.21%
- 1M
- 2.80%
- YTD
- 19.41%
- 6M
- 17.80%
- 1Y
- 37.09%
- 3Y*
- -21.30%
- 5Y*
- -10.16%
- 10Y*
- 6.24%
URPIX vs. OTPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
URPIX ProFunds UltraBear Fund | -15.44% | -27.06% | -32.89% | -31.77% | 29.74% | -43.61% | -51.10% | -42.03% | 4.20% | -32.58% |
OTPIX ProFunds NASDAQ-100 Fund | 19.41% | 18.08% | -69.20% | 51.66% | -34.36% | 48.75% | 45.00% | 36.58% | -1.75% | 29.45% |
Correlation
The correlation between URPIX and OTPIX is -0.94, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.90 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2000 | -0.88 |
The correlation between URPIX and OTPIX has been stable across timeframes, ranging from -0.94 to -0.88 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
URPIX vs. OTPIX — Risk / Return Rank
URPIX
OTPIX
URPIX vs. OTPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraBear Fund (URPIX) and ProFunds NASDAQ-100 Fund (OTPIX). 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 | OTPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.55 | ||
| Sortino ratioReturn per unit of downside risk | -4.96 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.38 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 3.09 | -4.06 |
| Martin ratioReturn relative to average drawdown | -1.68 | 11.29 | -12.97 |
Loading charts...
Drawdowns
URPIX vs. OTPIX - Drawdown Comparison
The maximum URPIX drawdown since its inception was -99.92%, which is greater than OTPIX's maximum drawdown of -79.55%. Use the drawdown chart below to compare losses from any high point for URPIX and OTPIX.
Loading charts...
Drawdown Indicators
| URPIX | OTPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -79.55% | -20.37% |
Max Drawdown (1Y)Largest decline over 1 year | -33.47% | -12.53% | -20.94% |
Max Drawdown (3Y)Largest decline over 3 years | -69.89% | -79.55% | +9.66% |
Max Drawdown (5Y)Largest decline over 5 years | -76.97% | -79.55% | +2.58% |
Max Drawdown (10Y)Largest decline over 10 years | -96.96% | -79.55% | -17.41% |
Current DrawdownCurrent decline from peak | -99.92% | -64.41% | -35.51% |
Average DrawdownAverage peak-to-trough decline | -79.10% | -22.88% | -56.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.49% | 3.42% | +18.07% |
Volatility
URPIX vs. OTPIX - Volatility Comparison
ProFunds UltraBear Fund (URPIX) has a higher volatility of 9.34% compared to ProFunds NASDAQ-100 Fund (OTPIX) at 8.32%. This indicates that URPIX's price experiences larger fluctuations and is considered to be riskier than OTPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| URPIX | OTPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.34% | 8.32% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 19.81% | 14.17% | +5.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.08% | 17.69% | +7.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.01% | 41.89% | -7.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.72% | 33.31% | +2.41% |
URPIX vs. OTPIX - Expense Ratio Comparison
URPIX has a 1.78% expense ratio, which is higher than OTPIX's 1.48% expense ratio.
Dividends
URPIX vs. OTPIX - Dividend Comparison
URPIX's dividend yield for the trailing twelve months is around 3.23%, more than OTPIX's 1.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
OTPIX ProFunds NASDAQ-100 Fund | 1.44% | 1.72% | 0.76% | 0.00% | 0.00% | 18.31% | 1.10% | 0.87% |
URPIX ProFunds UltraBear Fund | 3.23% | 2.73% | 0.00% | 3.02% | 0.00% | 0.00% | 0.47% | 0.00% |
Frequently Asked Questions
URPIX and OTPIX have a correlation of -0.94, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URPIX has higher volatility (9.34%) compared to OTPIX (8.32%). In terms of maximum drawdown, URPIX dropped -99.92% vs OTPIX's -79.55%.
OTPIX currently has the higher Sharpe Ratio (2.19 vs -1.35), 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.
Find the right allocation for URPIX and OTPIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer