URPIX vs. UTPIX

Last updated Jul 16, 2026

URPIX (ProFunds UltraBear Fund) and UTPIX (ProFunds Utilities UltraSector Fund) are both mutual funds - URPIX is a Inverse Equities fund managed by ProFunds, while UTPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, URPIX returned -28.18%/yr vs 8.52%/yr for UTPIX. At a correlation of -0.52, they often move in opposite directions. URPIX charges 1.78%/yr vs 1.73%/yr for UTPIX.

Performance

URPIX vs. UTPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds UltraBear Fund (URPIX) and ProFunds Utilities UltraSector Fund (UTPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, URPIX achieves a -16.69% return, which is significantly lower than UTPIX's 9.45% return. Over the past 10 years, URPIX has underperformed UTPIX with an annualized return of -28.18%, while UTPIX has yielded a comparatively higher 8.52% annualized return.

URPIX

• 1D: -0.66%
• 1M: 0.84%
• 6M: -14.91%
• YTD: -16.69%
• 1Y: -28.97%
• 3Y*: -27.80%
• 5Y*: -21.97%
• 10Y*: -28.18%

UTPIX

• 1D: -0.09%
• 1M: 3.75%
• 6M: 7.85%
• YTD: 9.45%
• 1Y: 16.25%
• 3Y*: 15.36%
• 5Y*: 9.56%
• 10Y*: 8.52%

*Multi-year figures are annualized to reflect compound growth (CAGR)

URPIX vs. UTPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
URPIX ProFunds UltraBear Fund	-16.69%	-27.06%	-32.89%	-31.77%	29.74%	-43.61%	-51.10%	-42.03%	4.20%	-32.58%
UTPIX ProFunds Utilities UltraSector Fund	9.45%	19.28%	27.74%	-15.46%	-2.31%	23.33%	-8.87%	34.24%	2.30%	15.83%

Correlation

The correlation between URPIX and UTPIX is -0.12, 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	-0.12
Correlation (3Y) Calculated over the trailing 3-year period	-0.26
Correlation (5Y) Calculated over the trailing 5-year period	-0.37
Correlation (10Y) Calculated over the trailing 10-year period	-0.37
Correlation (All Time) Calculated using the full available price history since Jul 26, 2000	-0.52

Over the past year, the inverse relationship between URPIX and UTPIX has weakened: their correlation has moved from -0.52 to -0.12, meaning they move in opposite directions less often than they have historically.

Return for Risk

URPIX vs. UTPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

URPIX

URPIX Risk / Return Rank: 0
URPIX Sharpe Ratio Rank: 0
URPIX Sortino Ratio Rank: 0
URPIX Omega Ratio Rank: 0
URPIX Calmar Ratio Rank: 0
URPIX Martin Ratio Rank: 0

UTPIX

UTPIX Risk / Return Rank: 12
UTPIX Sharpe Ratio Rank: 12
UTPIX Sortino Ratio Rank: 12
UTPIX Omega Ratio Rank: 11
UTPIX Calmar Ratio Rank: 15
UTPIX Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

URPIX vs. UTPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraBear Fund (URPIX) and ProFunds Utilities UltraSector Fund (UTPIX). 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	UTPIX	Difference
Sharpe ratio: Return per unit of total volatility	-1.13	0.65	-1.78
Sortino ratio: Return per unit of downside risk	-1.68	1.01	-2.68
Omega ratio: Gain probability vs. loss probability	0.82	1.12	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.93	0.99	-1.92
Martin ratio: Return relative to average drawdown	-1.66	2.02	-3.67

URPIX vs. UTPIX - Sharpe Ratio Comparison

The current URPIX Sharpe Ratio is -1.13, which is lower than the UTPIX Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of URPIX and UTPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

URPIX vs. UTPIX - Drawdown Comparison

The maximum URPIX drawdown since its inception was -99.92%, which is greater than UTPIX's maximum drawdown of -73.56%. Use the drawdown chart below to compare losses from any high point for URPIX and UTPIX.

Drawdown Indicators

	URPIX	UTPIX	Difference
Max Drawdown Largest peak-to-trough decline	-99.92%	-73.56%	-26.36%
Max Drawdown (1Y) Largest decline over 1 year	-30.79%	-14.82%	-15.97%
Max Drawdown (3Y) Largest decline over 3 years	-69.89%	-25.70%	-44.19%
Max Drawdown (5Y) Largest decline over 5 years	-76.97%	-38.73%	-38.24%
Max Drawdown (10Y) Largest decline over 10 years	-96.59%	-50.82%	-45.77%
Current Drawdown Current decline from peak	-99.92%	-6.66%	-93.26%
Average Drawdown Average peak-to-trough decline	-79.14%	-21.84%	-57.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.17%	7.26%	+9.91%

Volatility

URPIX vs. UTPIX - Volatility Comparison

ProFunds UltraBear Fund (URPIX) has a higher volatility of 7.34% compared to ProFunds Utilities UltraSector Fund (UTPIX) at 6.78%. This indicates that URPIX's price experiences larger fluctuations and is considered to be riskier than UTPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URPIX	UTPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.34%	6.78%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	20.09%	17.98%	+2.11%
Volatility (1Y) Calculated over the trailing 1-year period	25.16%	22.64%	+2.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.05%	26.08%	+7.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.59%	29.12%	+6.47%

URPIX vs. UTPIX - Expense Ratio Comparison

URPIX has a 1.78% expense ratio, which is higher than UTPIX's 1.73% expense ratio.

Dividends

URPIX vs. UTPIX - Dividend Comparison

URPIX's dividend yield for the trailing twelve months is around 3.27%, more than UTPIX's 0.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
URPIX ProFunds UltraBear Fund	3.27%	2.73%	0.00%	3.02%	0.00%	0.00%	0.47%	0.00%	0.00%	0.00%	0.00%	0.00%
UTPIX ProFunds Utilities UltraSector Fund	0.71%	0.77%	0.00%	1.74%	0.97%	0.20%	0.58%	1.72%	0.66%	0.74%	0.83%	1.41%

Frequently Asked Questions

Can I hold both URPIX and UTPIX in my portfolio?

URPIX and UTPIX have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, URPIX or UTPIX?

URPIX has higher volatility (7.34%) compared to UTPIX (6.78%). In terms of maximum drawdown, URPIX dropped -99.92% vs UTPIX's -73.56%.

Which has better risk-adjusted returns?

UTPIX currently has the higher Sharpe Ratio (0.65 vs -1.13), 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.