ProFunds UltraShort Small Cap Fund (UCPIX)

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ProFunds UltraShort Small Cap Fund (UCPIX) is down 28.5% since the beginning of the year. UCPIX is currently trading at $23 per share. Investors who bought $1,000 worth of UCPIX shares 5 years ago would now be looking at an investment worth $384.

ProFunds UltraShort Small Cap Fund (UCPIX) has returned -28.50% so far this year and -50.89% over the past 12 months. Over the last ten years, UCPIX has returned -28.27% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Jan 30, 2004, UCPIX's average daily return is +0.10%, while the average monthly return is -2.10%.

Historically, 35% of months were positive and 65% were negative. The best month was Oct 2008 with a return of +32.2%, while the worst month was Nov 2020 at -30.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 9 months.

On a daily basis, UCPIX closed higher 46% of trading days. The best single day was Oct 15, 2024 with a return of +887.0%, while the worst single day was Oct 14, 2024 at -90.0%.

ProFunds UltraShort Small Cap Fund has an annualized alpha of 65.33%, beta of -2.44, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since February 02, 2004.

• This fund tended to rise when S&P 500 Index fell (downside capture of -372.71%), but participation in market rallies was also limited (-138.10%) - a profile typical of counter-cyclical assets.
• Beta of -2.44 may look defensive, but with R2 of 0.05 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.05 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

UCPIX has a high expense ratio of 1.78%, indicating above-average management fees.

UCPIX ranks 0 for risk / return — in the bottom 0% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for ProFunds UltraShort Small Cap Fund (UCPIX) and compare them to S&P 500 Index.

ProFunds UltraShort Small Cap Fund provided a 6.45% dividend yield over the last twelve months, with an annual payout of $1.51 per share.

The table displays the monthly dividend distributions for ProFunds UltraShort Small Cap Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the ProFunds UltraShort Small Cap Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the ProFunds UltraShort Small Cap Fund was 99.99%, occurring on Oct 14, 2024. The portfolio has not yet recovered.

The current ProFunds UltraShort Small Cap Fund drawdown is 99.94%.

The chart below shows the rolling one-month volatility.