URPIX vs. UOPIX
URPIX (ProFunds UltraBear Fund) and UOPIX (ProFunds UltraNASDAQ-100 Fund) are both mutual funds - URPIX is a Inverse Equities fund managed by ProFunds, while UOPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, URPIX returned -28.12%/yr vs 31.10%/yr for UOPIX. Their -0.86 correlation means they have often moved in opposite directions in the past. URPIX charges 1.78%/yr vs 1.47%/yr for UOPIX.
Performance
URPIX vs. UOPIX - 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 UOPIX's 22.65% return. Over the past 10 years, URPIX has underperformed UOPIX with an annualized return of -28.12%, while UOPIX has yielded a comparatively higher 31.10% 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%
UOPIX
- 1D
- 3.50%
- 1M
- -4.63%
- 6M
- 22.67%
- YTD
- 22.65%
- 1Y
- 41.75%
- 3Y*
- 38.47%
- 5Y*
- 16.52%
- 10Y*
- 31.10%
- ALL TIME*
- 12.48%
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. UOPIX - 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% |
UOPIX ProFunds UltraNASDAQ-100 Fund | 22.65% | 30.26% | 41.75% | 115.97% | -60.70% | 48.28% | 86.57% | 80.53% | -9.41% | 68.58% |
Correlation
The correlation between URPIX and UOPIX is -0.93, 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. | -0.93 |
Correlation (3Y) Balances recent behavior with more history. | -0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.91 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 1997 | -0.86 |
The correlation between URPIX and UOPIX has been stable across timeframes, ranging from -0.94 to -0.86 - a consistent structural relationship.
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Return for Risk
URPIX vs. UOPIX — Risk / Return Rank
URPIX
UOPIX
URPIX vs. UOPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraBear Fund (URPIX) and ProFunds UltraNASDAQ-100 Fund (UOPIX). 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 | UOPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.41 | ||
| Sortino ratioReturn per unit of downside risk | -3.51 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.22 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | 1.89 | -2.90 |
| Martin ratioReturn relative to average drawdown | -1.74 | 5.60 | -7.34 |
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Drawdowns
URPIX vs. UOPIX - Drawdown Comparison
The maximum URPIX drawdown since its inception was -99.92%, roughly equal to the maximum UOPIX drawdown of -99.00%. Use the drawdown chart below to compare losses from any high point for URPIX and UOPIX.
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Drawdown Indicators
| URPIX | UOPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -99.00% | -0.92% |
Max Drawdown (1Y)Largest decline over 1 year | -30.37% | -24.97% | -5.40% |
Max Drawdown (3Y)Largest decline over 3 years | -69.89% | -42.52% | -27.37% |
Max Drawdown (5Y)Largest decline over 5 years | -76.97% | -65.01% | -11.96% |
Max Drawdown (10Y)Largest decline over 10 years | -96.59% | -65.01% | -31.58% |
Current DrawdownCurrent decline from peak | -99.92% | -13.88% | -86.04% |
Average DrawdownAverage peak-to-trough decline | -79.18% | -67.36% | -11.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.38% | 8.42% | +9.96% |
Volatility
URPIX vs. UOPIX - Volatility Comparison
The current volatility for ProFunds UltraBear Fund (URPIX) is 7.57%, while ProFunds UltraNASDAQ-100 Fund (UOPIX) has a volatility of 13.83%. This indicates that URPIX experiences smaller price fluctuations and is considered to be less risky than UOPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URPIX | UOPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.57% | 13.83% | -6.26% |
Volatility (6M)Calculated over the trailing 6-month period | 20.49% | 32.04% | -11.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.77% | 38.70% | -12.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.08% | 46.12% | -12.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.65% | 44.59% | -8.94% |
URPIX vs. UOPIX - Expense Ratio Comparison
URPIX has a 1.78% expense ratio, which is higher than UOPIX's 1.47% expense ratio.
Dividends
URPIX vs. UOPIX - Dividend Comparison
URPIX's dividend yield for the trailing twelve months is around 3.32%, less than UOPIX's 14.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
UOPIX ProFunds UltraNASDAQ-100 Fund | 14.90% | 18.27% | 0.41% | 0.00% | 5.64% | 11.03% | 9.78% | 5.78% | 6.73% |
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 UOPIX have a correlation of -0.93, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UOPIX has higher volatility (13.83%) compared to URPIX (7.57%). In terms of maximum drawdown, URPIX dropped -99.92% vs UOPIX's -99.00%.
UOPIX currently has the higher Sharpe Ratio (1.22 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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