UVPIX vs. BEARX
UVPIX (ProFunds Ultra Short Emerging Market Fund) and BEARX (Federated Hermes Prudent Bear Fd) are both Inverse Equities funds. Over the past 10 years, UVPIX returned -26.32%/yr vs -14.19%/yr for BEARX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. Both charge a 1.78% expense ratio.
Performance
UVPIX vs. BEARX - Performance Comparison
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Returns By Period
In the year-to-date period, UVPIX achieves a -12.87% return, which is significantly lower than BEARX's -6.07% return. Over the past 10 years, UVPIX has underperformed BEARX with an annualized return of -26.32%, while BEARX has yielded a comparatively higher -14.19% annualized return.
UVPIX
- 1D
- -6.74%
- 1M
- -4.59%
- 6M
- 0.81%
- YTD
- -12.87%
- 1Y
- -35.55%
- 3Y*
- -28.13%
- 5Y*
- -20.68%
- 10Y*
- -26.32%
- ALL TIME*
- -12.88%
BEARX
- 1D
- -1.66%
- 1M
- 0.85%
- 6M
- -5.07%
- YTD
- -6.07%
- 1Y
- -11.20%
- 3Y*
- -13.79%
- 5Y*
- -11.02%
- 10Y*
- -14.19%
- ALL TIME*
- -2.54%
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 |
UVPIX vs. BEARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UVPIX ProFunds Ultra Short Emerging Market Fund | -12.87% | -49.90% | -17.67% | -27.06% | 1.35% | 15.70% | -57.91% | -39.81% | 20.65% | -48.37% |
BEARX Federated Hermes Prudent Bear Fd | -6.07% | -12.42% | -20.34% | -18.67% | 17.78% | -23.78% | -22.95% | -19.95% | -5.96% | -15.76% |
Correlation
The correlation between UVPIX and BEARX is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2006 | 0.65 |
Over the past year, the correlation between UVPIX and BEARX has dropped to 0.37 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
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Return for Risk
UVPIX vs. BEARX — Risk / Return Rank
UVPIX
BEARX
UVPIX vs. BEARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Ultra Short Emerging Market Fund (UVPIX) and Federated Hermes Prudent Bear Fd (BEARX). 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.
| UVPIX | BEARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.86 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.64 | -0.16 |
| Martin ratioReturn relative to average drawdown | -1.11 | -1.23 | +0.12 |
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Drawdowns
UVPIX vs. BEARX - Drawdown Comparison
The maximum UVPIX drawdown since its inception was -99.86%, roughly equal to the maximum BEARX drawdown of -95.75%. Use the drawdown chart below to compare losses from any high point for UVPIX and BEARX.
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Drawdown Indicators
| UVPIX | BEARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -95.75% | -4.11% |
Max Drawdown (1Y)Largest decline over 1 year | -42.28% | -16.55% | -25.73% |
Max Drawdown (3Y)Largest decline over 3 years | -75.41% | -44.46% | -30.95% |
Max Drawdown (5Y)Largest decline over 5 years | -83.54% | -52.48% | -31.06% |
Max Drawdown (10Y)Largest decline over 10 years | -95.74% | -79.22% | -16.52% |
Current DrawdownCurrent decline from peak | -99.84% | -95.59% | -4.25% |
Average DrawdownAverage peak-to-trough decline | -89.55% | -61.21% | -28.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.43% | 8.60% | +21.83% |
Volatility
UVPIX vs. BEARX - Volatility Comparison
ProFunds Ultra Short Emerging Market Fund (UVPIX) has a higher volatility of 13.29% compared to Federated Hermes Prudent Bear Fd (BEARX) at 3.78%. This indicates that UVPIX's price experiences larger fluctuations and is considered to be riskier than BEARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UVPIX | BEARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.29% | 3.78% | +9.51% |
Volatility (6M)Calculated over the trailing 6-month period | 35.82% | 10.32% | +25.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.43% | 12.86% | +31.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.08% | 17.15% | +30.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.53% | 16.71% | +29.82% |
UVPIX vs. BEARX - Expense Ratio Comparison
Both UVPIX and BEARX have an expense ratio of 1.78%.
Dividends
UVPIX vs. BEARX - Dividend Comparison
UVPIX's dividend yield for the trailing twelve months is around 10.32%, more than BEARX's 7.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BEARX Federated Hermes Prudent Bear Fd | 7.15% | 6.71% | 0.00% | 13.32% | 0.00% | 0.00% | 0.00% | 0.62% |
UVPIX ProFunds Ultra Short Emerging Market Fund | 10.32% | 8.99% | 0.00% | 7.25% | 0.00% | 0.00% | 0.00% | 0.49% |
Frequently Asked Questions
UVPIX and BEARX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVPIX has higher volatility (13.29%) compared to BEARX (3.78%). In terms of maximum drawdown, UVPIX dropped -99.86% vs BEARX's -95.75%.
UVPIX currently has the higher Sharpe Ratio (-0.76 vs -0.83), 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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