I don't shoot competitively, but the guys I know who do say they have to adjust for rise, for short range. I'll ask them for numbers, but here's their explanation.

The bullet's tail heavy, so as soon as it's out of the barrel, it's like a tail heavy plane. It noses up. When the aerodynamic forces balance the spinning round and keep the tail from falling further, it's nosed up a little and rising. Then it's a ballistic object, and it travels through that ellipse. It's just that initial balancing act that starts it rising.

Or so they tell me.
Dave Olson