URPIX vs. SHPIX
Compare and contrast key facts about ProFunds UltraBear Fund (URPIX) and ProFunds Short Small Cap ProFund (SHPIX).
URPIX is managed by ProFunds. It was launched on Dec 21, 1997. SHPIX is managed by ProFunds. It was launched on Apr 30, 2002.
Performance
URPIX vs. SHPIX - Performance Comparison
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URPIX vs. SHPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
URPIX ProFunds UltraBear Fund | 17.25% | -27.06% | -32.89% | -31.77% | 29.74% | -43.61% | -51.10% | -42.03% | 4.20% | -32.58% |
SHPIX ProFunds Short Small Cap ProFund | 2.74% | -9.61% | -8.36% | -11.01% | 16.39% | -19.78% | -31.60% | -20.89% | 9.96% | -14.49% |
Returns By Period
In the year-to-date period, URPIX achieves a 17.25% return, which is significantly higher than SHPIX's 2.74% return. Over the past 10 years, URPIX has underperformed SHPIX with an annualized return of -26.53%, while SHPIX has yielded a comparatively higher -11.86% annualized return.
URPIX
- 1D
- 0.84%
- 1M
- 17.90%
- YTD
- 17.25%
- 6M
- 13.15%
- 1Y
- -22.40%
- 3Y*
- -23.45%
- 5Y*
- -19.88%
- 10Y*
- -26.53%
SHPIX
- 1D
- 1.48%
- 1M
- 8.78%
- YTD
- 2.74%
- 6M
- 1.16%
- 1Y
- -16.75%
- 3Y*
- -8.22%
- 5Y*
- -3.92%
- 10Y*
- -11.86%
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URPIX vs. SHPIX - Expense Ratio Comparison
Both URPIX and SHPIX have an expense ratio of 1.78%.
Return for Risk
URPIX vs. SHPIX — Risk / Return Rank
URPIX
SHPIX
URPIX vs. SHPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraBear Fund (URPIX) and ProFunds Short Small Cap ProFund (SHPIX). 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.
| URPIX | SHPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.65 | -0.71 | +0.06 |
Sortino ratioReturn per unit of downside risk | -0.75 | -0.90 | +0.14 |
Omega ratioGain probability vs. loss probability | 0.89 | 0.89 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | -0.41 | -0.42 | +0.01 |
Martin ratioReturn relative to average drawdown | -0.49 | -0.57 | +0.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| URPIX | SHPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.65 | -0.71 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.59 | -0.02 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.75 | -0.09 | -0.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.54 | -0.15 | -0.39 |
Correlation
The correlation between URPIX and SHPIX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
URPIX vs. SHPIX - Dividend Comparison
URPIX's dividend yield for the trailing twelve months is around 2.33%, less than SHPIX's 14.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
URPIX ProFunds UltraBear Fund | 2.33% | 2.73% | 0.00% | 3.02% | 0.00% | 0.00% | 0.47% | 0.00% |
SHPIX ProFunds Short Small Cap ProFund | 14.75% | 5.70% | 0.00% | 17.01% | 0.00% | 0.00% | 0.00% | 0.85% |
Drawdowns
URPIX vs. SHPIX - Drawdown Comparison
The maximum URPIX drawdown since its inception was -99.91%, roughly equal to the maximum SHPIX drawdown of -99.27%. Use the drawdown chart below to compare losses from any high point for URPIX and SHPIX.
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Drawdown Indicators
| URPIX | SHPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.91% | -99.27% | -0.64% |
Max Drawdown (1Y)Largest decline over 1 year | -48.95% | -34.74% | -14.21% |
Max Drawdown (5Y)Largest decline over 5 years | -72.81% | -83.16% | +10.35% |
Max Drawdown (10Y)Largest decline over 10 years | -96.41% | -93.19% | -3.22% |
Current DrawdownCurrent decline from peak | -99.89% | -97.02% | -2.87% |
Average DrawdownAverage peak-to-trough decline | -78.94% | -77.77% | -1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.81% | 25.32% | +15.49% |
Volatility
URPIX vs. SHPIX - Volatility Comparison
ProFunds UltraBear Fund (URPIX) has a higher volatility of 8.48% compared to ProFunds Short Small Cap ProFund (SHPIX) at 6.54%. This indicates that URPIX's price experiences larger fluctuations and is considered to be riskier than SHPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URPIX | SHPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.48% | 6.54% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 18.09% | 14.07% | +4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.11% | 23.12% | +12.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.76% | 193.64% | -159.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.55% | 137.90% | -102.35% |