Fantastic mutual funds to consider - ProFunds

Here are a few very interesting mutual funds to look at that heavily leverage derivatives and what not, all from ProFunds:

FDPIX - this one is relatively new (maybe 18 months), but I just learned of it. It's called the "Falling US Dollar" fund. It shorts USDX, the US Dollar index - morningstar qualifies this as a "world bond" fund. I'm jumping on this one hard - the dollar has only one way to go relative to the rest of the worlds' currencies.

OEPIX - this is a brand new one (perhaps 2 months) I just jumped on, and will likely continue to jump on. It's like ENPIX, but is 150% of the Dow Jones US Oil Equipment, Services, & Distribution Index. It's very heavy into Schlumberger (which is good) as well as Haliburton (which makes me cringe), but I figure it's a cheap & easy way to get leverage. I need to find one just like this but for international companies.

ENPIX - I've told a couple people about this one. It's an index fund, matching 150% of the Dow Jones US Oil & Gas index. Pretty high price right now - if it gets below $35 I'd say go for it, but you can't go wrong even at $40 - oil is only going up as we know.

SRPIX - If you are heavily leveraged by your home & are worried about the real estate bubble bursting, this one's for you. Or if you would like to speculate about it popping, here's a way to do it without becoming a trader - It's short against the DJ US Real Estate Index.

PMPIX - 150% of DJ Precious metals index. (as per a previous post, you might also think about GLD - a fund that buys gold bullion and only gold bullion).

I recommend checking out ProFunds offerings - http://www.profunds.com/. I think it's a great mutual fund company, looking out for investors with unusual offerings like short funds (for example, you can short the S&P 500, or even effectively short ENPIX if you're crazy enough to think oil is going down).