URPIX vs. TEPIX
URPIX (ProFunds UltraBear Fund) and TEPIX (ProFunds Technology UltraSector Fund) are both mutual funds - URPIX is a Inverse Equities fund managed by ProFunds, while TEPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, URPIX returned -28.12%/yr vs 10.96%/yr for TEPIX. Their -0.86 correlation means they have often moved in opposite directions in the past. URPIX charges 1.78%/yr vs 1.48%/yr for TEPIX.
Performance
URPIX vs. TEPIX - 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 TEPIX's 32.58% return. Over the past 10 years, URPIX has underperformed TEPIX with an annualized return of -28.12%, while TEPIX has yielded a comparatively higher 10.96% 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%
TEPIX
- 1D
- 2.37%
- 1M
- -2.76%
- 6M
- 35.89%
- YTD
- 32.58%
- 1Y
- 50.22%
- 3Y*
- -16.68%
- 5Y*
- -12.85%
- 10Y*
- 10.96%
- ALL TIME*
- 4.30%
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. TEPIX - 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% |
TEPIX ProFunds Technology UltraSector Fund | 32.58% | 30.08% | -71.46% | 91.81% | -51.01% | 46.85% | 64.53% | 71.30% | -5.89% | 49.17% |
Correlation
The correlation between URPIX and TEPIX is -0.85, 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. | -0.85 |
Correlation (3Y) Balances recent behavior with more history. | -0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.89 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | -0.86 |
The correlation between URPIX and TEPIX has been stable across timeframes, ranging from -0.89 to -0.85 - a consistent structural relationship.
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Return for Risk
URPIX vs. TEPIX — Risk / Return Rank
URPIX
TEPIX
URPIX vs. TEPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraBear Fund (URPIX) and ProFunds Technology UltraSector Fund (TEPIX). 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 | TEPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.62 | ||
| Sortino ratioReturn per unit of downside risk | -3.71 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.24 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | 2.23 | -3.24 |
| Martin ratioReturn relative to average drawdown | -1.74 | 5.81 | -7.55 |
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Drawdowns
URPIX vs. TEPIX - Drawdown Comparison
The maximum URPIX drawdown since its inception was -99.92%, which is greater than TEPIX's maximum drawdown of -89.14%. Use the drawdown chart below to compare losses from any high point for URPIX and TEPIX.
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Drawdown Indicators
| URPIX | TEPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -89.14% | -10.78% |
Max Drawdown (1Y)Largest decline over 1 year | -30.37% | -24.64% | -5.73% |
Max Drawdown (3Y)Largest decline over 3 years | -69.89% | -85.79% | +15.90% |
Max Drawdown (5Y)Largest decline over 5 years | -76.97% | -85.79% | +8.82% |
Max Drawdown (10Y)Largest decline over 10 years | -96.59% | -85.79% | -10.80% |
Current DrawdownCurrent decline from peak | -99.92% | -63.16% | -36.76% |
Average DrawdownAverage peak-to-trough decline | -79.18% | -49.95% | -29.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.38% | 9.44% | +8.94% |
Volatility
URPIX vs. TEPIX - Volatility Comparison
The current volatility for ProFunds UltraBear Fund (URPIX) is 7.57%, while ProFunds Technology UltraSector Fund (TEPIX) has a volatility of 14.03%. This indicates that URPIX experiences smaller price fluctuations and is considered to be less risky than TEPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URPIX | TEPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.57% | 14.03% | -6.46% |
Volatility (6M)Calculated over the trailing 6-month period | 20.49% | 32.70% | -12.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.77% | 38.46% | -12.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.08% | 52.85% | -18.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.65% | 44.80% | -9.15% |
URPIX vs. TEPIX - Expense Ratio Comparison
URPIX has a 1.78% expense ratio, which is higher than TEPIX's 1.48% expense ratio.
Dividends
URPIX vs. TEPIX - Dividend Comparison
URPIX's dividend yield for the trailing twelve months is around 3.32%, more than TEPIX's 2.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
TEPIX ProFunds Technology UltraSector Fund | 2.43% | 3.22% | 0.00% | 0.37% | 0.00% | 0.90% | 2.31% | 0.00% | 0.23% |
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 TEPIX have a correlation of -0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TEPIX has higher volatility (14.03%) compared to URPIX (7.57%). In terms of maximum drawdown, URPIX dropped -99.92% vs TEPIX's -89.14%.
TEPIX currently has the higher Sharpe Ratio (1.43 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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