Fund Evaluator:
ProFunds Biotechnology UltraSector Svc (BIPSX)
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Best Performing in Trading--Leveraged Equity Over the Last Year
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Fund Details
ProFunds Biotechnology UltraSector Svc Overview
ProFunds Biotechnology UltraSector Svc (BIPSX) is a passively managed Miscellaneous Trading--Leveraged Equity fund. ProFunds launched the fund in 2000.
The investment seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the daily performance of the S&P Biotechnology Select Industry Index. The index is designed to measure the performance of biotechnology companies included in the S&P Total Market Index. Under normal circumstances, the fund will obtain leveraged exposure to at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The fund is non-diversified.
About ProFunds Biotechnology UltraSector Svc (BIPSX)
There are 2 members of the management team with an average tenure of 10.55 years: Michael Neches (2013), Tarak Davé (2018). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P Biotechnology Select Industry TR USD index with a weighting of 150%. ProFunds Biotechnology UltraSector Svc has 161 securities in its portfolio. The top 10 holdings constitute 108.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
ProFunds Biotechnology UltraSector Svc is part of the Other global asset class and is within the Miscellaneous fund group. ProFunds Biotechnology UltraSector Svc has 2.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 123.1%. There is 2.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). ProFunds Biotechnology UltraSector Svc has -23.0% of the portfolio in cash.
Assets Under Management
The fund has $3 million in total assets, which is below the $69 million average for the Trading--Leveraged Equity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BIPSX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The ProFunds Biotechnology UltraSector Svc expense ratio is high compared to funds in the Trading--Leveraged Equity category. ProFunds Biotechnology UltraSector Svc has an expense ratio of 2.52%, which is 24% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. ProFunds Biotechnology UltraSector Svc has a portfolio turnover rate of 52%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 398% for the Trading--Leveraged Equity category.
Recently, in the month of July 2026, ProFunds Biotechnology UltraSector Svc returned -11.0%, which earned it a grade of F, as the Trading--Leveraged Equity category had an average return of -2.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
ProFunds Biotechnology UltraSector Svc has a trailing yield of 0.00%, which is below the 1.00% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
ProFunds Biotechnology UltraSector Svc Grades
Year to date, the fund has returned 26.8%, 9.7 percentage points better than the category, which translates into a grade of B. The fund has returned 110.9% over the past year (grade of A), 22.5% over the past three years (grade of C) and 9.5% per year over the past five years (grade of C) and 11.5% per year over the past 10 years (grade of C).
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BIPSX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BIPSX Return (NAV) | -11.0% | 16.4% | 110.9% | 22.5% | 9.5% | 11.5% |
| BIPSX Grade | F | A | A | C | C | C |
| +/- Category | -8.3% | 13.5% | 71.5% | 1.4% | -0.3% | -2.5% |
| Trading--Leveraged Equity Avg | -2.7% | 2.9% | 39.4% | 21.1% | 9.8% | 14.0% |
| BIPSX Tax Cost Ratio | na | na | 0.0% | 5.8% | 5.0% | 3.6% |
BIPSX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BIPSX Return (NAV) | 26.8% | 46.5% | -6.2% | 9.0% | -14.3% | 22.6% | 18.9% | 22.4% | -13.1% | 33.4% | -24.5% |
| BIPSX Grade | B | B | F | F | A | D | C | F | B | C | F |
| +/- Category | 9.7% | 15.3% | -24.8% | -27.0% | 14.6% | -4.3% | -4.5% | -21.6% | 4.6% | -4.3% | -43.8% |
| Trading--Leveraged Equity Avg | 17.1% | 31.2% | 18.6% | 36.0% | -28.9% | 26.9% | 23.4% | 44.0% | -17.6% | 37.7% | 19.3% |
| Risk Measures | |
| Standard Deviation: | 39.3% |
| Total Risk Index: | 3.20 - High |
| Category Risk Index: | 1.27 - High |
| Category Risk Grade: | F (82% Rank) |
| Beta: | 1.64 |
| R-Squared: | 30% |
| Leveraged Fund: | Yes |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $118 Mil |
| Fund Total Assets: | $ 4 Mil |
| Share Class Type: | S |
| Portfolio Turnover: | 52% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 12.8 years | |||
| Average Tenure: 10.6 years | |||
| Managers (Year): Neches Michael (2013), Davé Tarak (2018) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 161 |
| % in Top 10 Holdings: | 108.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 2.1% |
Portfolio Allocation |
|
| Domestic Stock: | 123.1% |
| Foreign Stock: | 2.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -2.2% |
| Cash: | -23.0% |
Purchase Information
| Fund Family: | ProFunds |
| Phone Number: | 888-776-3637 |
| Website: | www.profunds.com |
| Status: | Open |
| Inception Date: | June 19, 2000 |
| Min. Initial Purchase: | $15,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 1.00% |
Expenses and Fees | |
| Expense Ratio (%): | 2.52% ( Rating : High ) |
| Category Average Expense Ratio (%): | 2.03% |
| Share Class: | ProFunds Biotechnology UltraSector Inv |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
