UWPIX vs. BRPIX
UWPIX (ProFunds UltraShort Dow 30 Fund) and BRPIX (ProFunds Bear Fund) are both Inverse Equities funds from ProFunds. Over the past 10 years, UWPIX returned -26.10%/yr vs -14.31%/yr for BRPIX. Their correlation of 0.93 suggests significant overlap in exposure. UWPIX charges 1.78%/yr vs 1.64%/yr for BRPIX.
Performance
UWPIX vs. BRPIX - Performance Comparison
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Returns By Period
In the year-to-date period, UWPIX achieves a -13.21% return, which is significantly lower than BRPIX's -7.68% return. Over the past 10 years, UWPIX has underperformed BRPIX with an annualized return of -26.10%, while BRPIX has yielded a comparatively higher -14.31% annualized return.
UWPIX
- 1D
- -0.26%
- 1M
- -4.00%
- YTD
- -13.21%
- 6M
- -11.90%
- 1Y
- -31.43%
- 3Y*
- -23.16%
- 5Y*
- -18.39%
- 10Y*
- -26.10%
BRPIX
- 1D
- -1.06%
- 1M
- -0.36%
- YTD
- -7.68%
- 6M
- -7.14%
- 1Y
- -17.56%
- 3Y*
- -14.92%
- 5Y*
- -11.37%
- 10Y*
- -14.31%
UWPIX vs. BRPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UWPIX ProFunds UltraShort Dow 30 Fund | -13.21% | -23.48% | -20.75% | -18.56% | 5.91% | -35.49% | -45.69% | -36.17% | 1.45% | -39.01% |
BRPIX ProFunds Bear Fund | -7.68% | -12.27% | -20.40% | -15.39% | 17.31% | -24.68% | -25.63% | -23.18% | 4.03% | -18.03% |
Correlation
The correlation between UWPIX and BRPIX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2004 | 0.93 |
The correlation between UWPIX and BRPIX shifts across timeframes, from 0.82 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UWPIX vs. BRPIX — Risk / Return Rank
UWPIX
BRPIX
UWPIX vs. BRPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Dow 30 Fund (UWPIX) and ProFunds Bear Fund (BRPIX). 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.
| UWPIX | BRPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 0.78 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | -0.93 | -0.04 |
| Martin ratioReturn relative to average drawdown | -1.59 | -1.63 | +0.04 |
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Drawdowns
UWPIX vs. BRPIX - Drawdown Comparison
The maximum UWPIX drawdown since its inception was -99.78%, roughly equal to the maximum BRPIX drawdown of -96.76%. Use the drawdown chart below to compare losses from any high point for UWPIX and BRPIX.
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Drawdown Indicators
| UWPIX | BRPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.78% | -96.76% | -3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -31.48% | -17.86% | -13.62% |
Max Drawdown (3Y)Largest decline over 3 years | -61.34% | -44.49% | -16.85% |
Max Drawdown (5Y)Largest decline over 5 years | -68.99% | -50.06% | -18.93% |
Max Drawdown (10Y)Largest decline over 10 years | -95.56% | -79.74% | -15.82% |
Current DrawdownCurrent decline from peak | -99.78% | -96.33% | -3.45% |
Average DrawdownAverage peak-to-trough decline | -77.68% | -62.17% | -15.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.02% | 10.65% | +9.37% |
Volatility
UWPIX vs. BRPIX - Volatility Comparison
ProFunds UltraShort Dow 30 Fund (UWPIX) has a higher volatility of 8.83% compared to ProFunds Bear Fund (BRPIX) at 4.70%. This indicates that UWPIX's price experiences larger fluctuations and is considered to be riskier than BRPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UWPIX | BRPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.83% | 4.70% | +4.13% |
Volatility (6M)Calculated over the trailing 6-month period | 19.85% | 10.00% | +9.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.98% | 12.53% | +12.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.08% | 17.27% | +12.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.03% | 17.92% | +17.11% |
UWPIX vs. BRPIX - Expense Ratio Comparison
UWPIX has a 1.78% expense ratio, which is higher than BRPIX's 1.64% expense ratio.
Dividends
UWPIX vs. BRPIX - Dividend Comparison
UWPIX's dividend yield for the trailing twelve months is around 5.20%, more than BRPIX's 4.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BRPIX ProFunds Bear Fund | 4.71% | 4.35% | 0.00% | 5.58% | 0.00% | 0.00% | 0.06% | 0.27% |
UWPIX ProFunds UltraShort Dow 30 Fund | 5.20% | 4.51% | 0.00% | 2.28% | 0.00% | 0.00% | 0.00% | 0.35% |
Frequently Asked Questions
UWPIX and BRPIX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UWPIX has higher volatility (8.83%) compared to BRPIX (4.70%). In terms of maximum drawdown, UWPIX dropped -99.78% vs BRPIX's -96.76%.
UWPIX currently has the higher Sharpe Ratio (-1.27 vs -1.39), 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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