ProFunds UltraShort Latin America Fund (UFPIX)
The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P/BNY Mellon Latin America 35 ADRSM Index. The fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index is designed to track the performance of a basket of companies that are domiciled in Latin America and who also have level II or III ADR program, New York Shares or Global Registered Shares listed with the NYSE or Nasdaq. It is non-diversified.
Fund Info
| ISIN | US74318X7600 |
|---|---|
| CUSIP | 74318X760 |
| Issuer | ProFunds |
| Inception Date | Oct 15, 2007 |
| Category | Inverse Equities, Leveraged |
| Min. Investment | $15,000 |
| Asset Class | Equity |
Expense Ratio
UFPIX has a high expense ratio of 1.78%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProFunds UltraShort Latin America Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
ProFunds UltraShort Latin America Fund had a return of 8.63% year-to-date (YTD) and -25.80% in the last 12 months. Over the past 10 years, ProFunds UltraShort Latin America Fund had an annualized return of -23.18%, while the S&P 500 had an annualized return of 10.97%, indicating that ProFunds UltraShort Latin America Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.63% | 11.29% |
| 1 month | -7.17% | 4.87% |
| 6 months | -9.84% | 17.88% |
| 1 year | -25.80% | 29.16% |
| 5 years (annualized) | -33.00% | 13.20% |
| 10 years (annualized) | -23.18% | 10.97% |
Monthly Returns
The table below presents the monthly returns of UFPIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 8.63% | 0.66% | -1.10% | 3.99% | 8.63% | ||||||||
| 2023 | -18.67% | 14.49% | -2.28% | -0.44% | 1.02% | -21.56% | -8.12% | 13.45% | 5.13% | 6.90% | -22.52% | -12.95% | -43.27% |
| 2022 | -14.29% | -10.42% | -22.81% | 23.96% | -19.68% | 42.51% | -7.18% | -5.99% | 6.72% | -16.18% | -10.62% | 9.42% | -35.80% |
| 2021 | 14.89% | 1.66% | -14.90% | -12.17% | -16.98% | -11.44% | 8.79% | -2.14% | 20.80% | 10.79% | 2.31% | -14.54% | -20.05% |
| 2020 | 19.31% | 28.57% | 53.99% | -15.42% | -17.41% | -16.65% | -16.28% | 11.06% | 6.28% | 0.06% | -41.03% | -23.66% | -38.78% |
| 2019 | -24.45% | 9.35% | 2.72% | 0.81% | 5.46% | -12.14% | 4.61% | 17.68% | -6.75% | -9.60% | 8.95% | -19.47% | -27.84% |
| 2018 | -23.13% | 3.96% | 1.37% | 2.16% | 33.09% | 12.89% | -19.09% | 17.45% | -10.34% | -14.05% | 0.50% | 4.93% | -3.97% |
| 2017 | -20.31% | -6.37% | -3.14% | 0.76% | 1.50% | -0.42% | -14.97% | -9.86% | -3.46% | 6.17% | 6.89% | -12.01% | -45.63% |
| 2016 | 4.98% | -9.45% | -35.44% | -16.93% | 28.70% | -24.00% | -13.03% | -5.67% | -2.79% | -21.04% | 18.27% | 0.87% | -62.54% |
| 2015 | 7.65% | -8.22% | 17.86% | -20.83% | 15.23% | -0.15% | 16.74% | 18.39% | 20.90% | -13.37% | 7.97% | 12.59% | 86.62% |
| 2014 | 26.93% | -8.42% | -14.93% | -6.41% | 0.86% | -6.08% | -4.59% | -11.37% | 28.50% | -1.73% | 6.14% | 21.66% | 20.86% |
| 2013 | -6.48% | 6.84% | 0.78% | -3.10% | 16.56% | 17.09% | 0.76% | 4.54% | -17.81% | -6.91% | 7.56% | 2.43% | 18.27% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of UFPIX is 1, indicating that it is in the bottom 1% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
UFPIX (ProFunds UltraShort Latin America Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProFunds UltraShort Latin America Fund (UFPIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ProFunds UltraShort Latin America Fund granted a 2.43% dividend yield in the last twelve months. The annual payout for that period amounted to $0.11 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.11 | $0.11 | $0.00 | $0.00 | $0.00 | $0.09 |
Dividend yield | 2.43% | 2.64% | 0.00% | 0.00% | 0.00% | 0.36% |
Monthly Dividends
The table displays the monthly dividend distributions for ProFunds UltraShort Latin America Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.09 | $0.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the ProFunds UltraShort Latin America 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 Latin America Fund was 99.86%, occurring on Dec 27, 2023. The portfolio has not yet recovered.
The current ProFunds UltraShort Latin America Fund drawdown is 99.85%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -99.86% | Oct 13, 2008 | 3827 | Dec 27, 2023 | — | — | — |
| -56.17% | Oct 23, 2007 | 145 | May 20, 2008 | 76 | Sep 9, 2008 | 221 |
| -32.45% | Sep 18, 2008 | 2 | Sep 19, 2008 | 10 | Oct 3, 2008 | 12 |
| -15.88% | Sep 10, 2008 | 3 | Sep 12, 2008 | 3 | Sep 17, 2008 | 6 |
Volatility
Volatility Chart
The current ProFunds UltraShort Latin America Fund volatility is 8.88%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.