URPIX vs. PMPIX
URPIX (ProFunds UltraBear Fund) and PMPIX (ProFunds Precious Metals UltraSector Fund) are both mutual funds - URPIX is a Inverse Equities fund managed by ProFunds, while PMPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, URPIX returned -28.12%/yr vs 7.96%/yr for PMPIX. Their -0.26 correlation means they have often moved in opposite directions in the past. URPIX charges 1.78%/yr vs 1.53%/yr for PMPIX.
Performance
URPIX vs. PMPIX - Performance Comparison
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Returns By Period
In the year-to-date period, URPIX achieves a -17.94% return, which is significantly higher than PMPIX's -21.79% return. Over the past 10 years, URPIX has underperformed PMPIX with an annualized return of -28.12%, while PMPIX has yielded a comparatively higher 7.96% 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%
PMPIX
- 1D
- 3.46%
- 1M
- -6.78%
- 6M
- -36.17%
- YTD
- -21.79%
- 1Y
- 43.84%
- 3Y*
- 47.74%
- 5Y*
- 16.36%
- 10Y*
- 7.96%
- ALL TIME*
- 6.66%
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. PMPIX - 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% |
PMPIX ProFunds Precious Metals UltraSector Fund | -21.79% | 273.51% | 5.35% | -1.78% | -20.47% | -14.71% | 28.27% | 72.99% | -21.10% | 6.55% |
Correlation
The correlation between URPIX and PMPIX is -0.43, 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. | -0.43 |
Correlation (3Y) Balances recent behavior with more history. | -0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.28 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.21 |
Correlation (All Time) Calculated using the full available price history since May 31, 2002 | -0.26 |
The correlation between URPIX and PMPIX shifts across timeframes, from -0.43 (1 year) to -0.21 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
URPIX vs. PMPIX — Risk / Return Rank
URPIX
PMPIX
URPIX vs. PMPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraBear Fund (URPIX) and ProFunds Precious Metals UltraSector Fund (PMPIX). 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 | PMPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -3.11 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.18 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | 1.01 | -2.01 |
| Martin ratioReturn relative to average drawdown | -1.74 | 2.12 | -3.87 |
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Drawdowns
URPIX vs. PMPIX - Drawdown Comparison
The maximum URPIX drawdown since its inception was -99.92%, which is greater than PMPIX's maximum drawdown of -94.34%. Use the drawdown chart below to compare losses from any high point for URPIX and PMPIX.
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Drawdown Indicators
| URPIX | PMPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -94.34% | -5.58% |
Max Drawdown (1Y)Largest decline over 1 year | -30.37% | -54.48% | +24.11% |
Max Drawdown (3Y)Largest decline over 3 years | -69.89% | -54.48% | -15.41% |
Max Drawdown (5Y)Largest decline over 5 years | -76.97% | -61.05% | -15.92% |
Max Drawdown (10Y)Largest decline over 10 years | -96.59% | -65.94% | -30.65% |
Current DrawdownCurrent decline from peak | -99.92% | -54.92% | -45.00% |
Average DrawdownAverage peak-to-trough decline | -79.18% | -59.63% | -19.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.38% | 25.75% | -7.37% |
Volatility
URPIX vs. PMPIX - Volatility Comparison
The current volatility for ProFunds UltraBear Fund (URPIX) is 7.57%, while ProFunds Precious Metals UltraSector Fund (PMPIX) has a volatility of 17.21%. This indicates that URPIX experiences smaller price fluctuations and is considered to be less risky than PMPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URPIX | PMPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.57% | 17.21% | -9.64% |
Volatility (6M)Calculated over the trailing 6-month period | 20.49% | 54.04% | -33.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.77% | 70.98% | -45.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.08% | 54.22% | -20.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.65% | 52.85% | -17.20% |
URPIX vs. PMPIX - Expense Ratio Comparison
URPIX has a 1.78% expense ratio, which is higher than PMPIX's 1.53% expense ratio.
Dividends
URPIX vs. PMPIX - Dividend Comparison
URPIX's dividend yield for the trailing twelve months is around 3.32%, more than PMPIX's 0.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
PMPIX ProFunds Precious Metals UltraSector Fund | 0.55% | 0.43% | 1.89% | 1.31% | 0.00% | 0.00% | 0.00% |
URPIX ProFunds UltraBear Fund | 3.32% | 2.73% | 0.00% | 3.02% | 0.00% | 0.00% | 0.47% |
Frequently Asked Questions
URPIX and PMPIX have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMPIX has higher volatility (17.21%) compared to URPIX (7.57%). In terms of maximum drawdown, URPIX dropped -99.92% vs PMPIX's -94.34%.
PMPIX currently has the higher Sharpe Ratio (0.77 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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