WCPIX vs. URPIX

Last updated Jul 18, 2026

WCPIX (Communication Services UltraSector ProFund) and URPIX (ProFunds UltraBear Fund) are both mutual funds - WCPIX is a Leveraged Equities fund managed by ProFunds, while URPIX is a Inverse Equities fund managed by ProFunds. Over the past 10 years, WCPIX returned 0.55%/yr vs -28.13%/yr for URPIX. At a correlation of -0.63, they often move in opposite directions. Both charge a 1.78% expense ratio.

Performance

WCPIX vs. URPIX - Performance Comparison

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

Returns By Period

In the year-to-date period, WCPIX achieves a -8.24% return, which is significantly higher than URPIX's -16.55% return. Over the past 10 years, WCPIX has outperformed URPIX with an annualized return of 0.55%, while URPIX has yielded a comparatively lower -28.13% annualized return.

WCPIX

• 1D: -0.98%
• 1M: 4.67%
• 6M: -4.99%
• YTD: -8.24%
• 1Y: 4.99%
• 3Y*: -21.51%
• 5Y*: -19.20%
• 10Y*: 0.55%

URPIX

• 1D: 1.01%
• 1M: -2.60%
• 6M: -14.41%
• YTD: -16.55%
• 1Y: -27.68%
• 3Y*: -27.60%
• 5Y*: -22.18%
• 10Y*: -28.13%

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

WCPIX vs. URPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WCPIX Communication Services UltraSector ProFund	-8.24%	28.70%	-63.14%	78.07%	-54.07%	25.49%	33.81%	21.51%	22.32%	-1.70%
URPIX ProFunds UltraBear Fund	-16.55%	-27.06%	-32.89%	-31.77%	29.74%	-43.61%	-51.10%	-42.03%	4.20%	-32.58%

Correlation

The correlation between WCPIX and URPIX is -0.59, 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	-0.59
Correlation (3Y) Calculated over the trailing 3-year period	-0.72
Correlation (5Y) Calculated over the trailing 5-year period	-0.79
Correlation (10Y) Calculated over the trailing 10-year period	-0.70
Correlation (All Time) Calculated using the full available price history since Jun 19, 2000	-0.63

The correlation between WCPIX and URPIX shifts across timeframes, from -0.79 (5 years) to -0.59 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

WCPIX vs. URPIX — Risk / Return Rank

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

WCPIX

WCPIX Risk / Return Rank: 5
WCPIX Sharpe Ratio Rank: 5
WCPIX Sortino Ratio Rank: 5
WCPIX Omega Ratio Rank: 5
WCPIX Calmar Ratio Rank: 5
WCPIX Martin Ratio Rank: 5

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

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.

WCPIX vs. URPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Communication Services UltraSector ProFund (WCPIX) and ProFunds UltraBear Fund (URPIX). 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.

	WCPIX	URPIX	Difference
Sharpe ratio: Return per unit of total volatility	0.26	-1.13	+1.40
Sortino ratio: Return per unit of downside risk	0.52	-1.68	+2.20
Omega ratio: Gain probability vs. loss probability	1.06	0.82	+0.24
Calmar ratio: Return relative to maximum drawdown	0.29	-0.93	+1.22
Martin ratio: Return relative to average drawdown	0.78	-1.64	+2.42

WCPIX vs. URPIX - Sharpe Ratio Comparison

The current WCPIX Sharpe Ratio is 0.26, which is higher than the URPIX Sharpe Ratio of -1.13. The chart below compares the historical Sharpe Ratios of WCPIX and URPIX, 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

WCPIX vs. URPIX - Drawdown Comparison

The maximum WCPIX drawdown since its inception was -98.94%, roughly equal to the maximum URPIX drawdown of -99.92%. Use the drawdown chart below to compare losses from any high point for WCPIX and URPIX.

Drawdown Indicators

	WCPIX	URPIX	Difference
Max Drawdown Largest peak-to-trough decline	-98.94%	-99.92%	+0.98%
Max Drawdown (1Y) Largest decline over 1 year	-18.59%	-30.79%	+12.20%
Max Drawdown (3Y) Largest decline over 3 years	-77.46%	-69.89%	-7.57%
Max Drawdown (5Y) Largest decline over 5 years	-77.87%	-76.97%	-0.90%
Max Drawdown (10Y) Largest decline over 10 years	-77.87%	-96.59%	+18.72%
Current Drawdown Current decline from peak	-93.62%	-99.92%	+6.30%
Average Drawdown Average peak-to-trough decline	-87.66%	-79.14%	-8.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.98%	17.37%	-10.39%

Volatility

WCPIX vs. URPIX - Volatility Comparison

Communication Services UltraSector ProFund (WCPIX) has a higher volatility of 8.51% compared to ProFunds UltraBear Fund (URPIX) at 6.52%. This indicates that WCPIX's price experiences larger fluctuations and is considered to be riskier than URPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WCPIX	URPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.51%	6.52%	+1.99%
Volatility (6M) Calculated over the trailing 6-month period	16.46%	20.12%	-3.66%
Volatility (1Y) Calculated over the trailing 1-year period	20.69%	25.18%	-4.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.65%	34.05%	+11.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.78%	35.58%	+4.20%

WCPIX vs. URPIX - Expense Ratio Comparison

Both WCPIX and URPIX have an expense ratio of 1.78%.

Dividends

WCPIX vs. URPIX - Dividend Comparison

WCPIX's dividend yield for the trailing twelve months is around 1.52%, less than URPIX's 3.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
URPIX ProFunds UltraBear Fund	3.27%	2.73%	0.00%	3.02%	0.00%	0.00%	0.47%	0.00%
WCPIX Communication Services UltraSector ProFund	1.52%	1.40%	0.00%	0.00%	0.00%	4.15%	0.00%	2.97%

Frequently Asked Questions

Can I hold both WCPIX and URPIX in my portfolio?

WCPIX and URPIX have a correlation of -0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WCPIX or URPIX?

WCPIX has higher volatility (8.51%) compared to URPIX (6.52%). In terms of maximum drawdown, WCPIX dropped -98.94% vs URPIX's -99.92%.

Which has better risk-adjusted returns?

WCPIX currently has the higher Sharpe Ratio (0.26 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.