- ISIN
- US74318W8468
- CUSIP
- 74318W846
- Issuer
- ProFunds
- Inception Date
- Feb 3, 2008
- Category
- Leveraged Equities
- Min. Investment
- $15,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
UGPIX Performance Chart
ProFunds UltraChina (UGPIX) is down 41.5% since the beginning of the year. UGPIX is currently trading at $15 per share. Investors who bought $1,000 worth of UGPIX shares 5 years ago would now be looking at an investment worth $971.
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Returns By Period
ProFunds UltraChina (UGPIX) has returned -41.53% so far this year and -29.57% over the past 12 months. Over the last ten years, UGPIX has returned 7.32% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
ProFunds UltraChina
- 1D
- -1.80%
- 1M
- -19.16%
- YTD
- -41.53%
- 6M
- -43.08%
- 1Y
- -29.57%
- 3Y*
- -17.09%
- 5Y*
- -0.58%
- 10Y*
- 7.32%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
UGPIX Monthly Returns History
Based on dividend-adjusted daily data since Aug 7, 2000, UGPIX's average daily return is +0.18%, while the average monthly return is +3.89%. At this rate, an investment would double in approximately 1.5 years.
Historically, 50% of months were positive and 50% were negative. The best month was Mar 2023 with a return of +1,014.3%, while the worst month was Oct 2008 at -46.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 8 months.
On a daily basis, UGPIX closed higher 50% of trading days. The best single day was Mar 7, 2023 with a return of +845.9%, while the worst single day was Jan 3, 2001 at -38.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.43% | -15.16% | -13.54% | 5.63% | -13.80% | -16.17% | -41.53% | ||||||
| 2025 | 17.17% | 25.83% | -3.52% | -18.62% | -3.12% | 5.86% | 8.24% | 14.04% | 29.59% | -10.01% | -14.40% | -6.82% | 36.28% |
| 2024 | -23.45% | 11.98% | -6.91% | 4.22% | 10.00% | -16.88% | -0.61% | -9.68% | 67.69% | -14.33% | -17.21% | -3.67% | -21.79% |
| 2023 | 34.11% | -24.20% | 1,014.33% | -19.64% | -20.37% | 12.75% | 44.85% | -20.25% | -10.91% | -9.06% | 15.02% | 0.60% | 785.09% |
| 2022 | -0.31% | -14.82% | -28.39% | -8.95% | 0.56% | 19.83% | -20.05% | 11.66% | -31.07% | -42.05% | 87.58% | 5.23% | -53.03% |
| 2021 | 16.22% | 3.53% | -28.04% | 0.33% | -12.77% | 2.95% | -38.51% | -7.80% | -14.71% | 8.94% | -17.51% | -22.90% | -73.86% |
Benchmark Metrics
ProFunds UltraChina has an annualized alpha of 48.18%, beta of 0.78, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since August 07, 2000.
- This fund participated in 63.22% of S&P 500 Index downside but only 30.48% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.01 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.
- Alpha
- 48.18%
- Beta
- 0.78
- R²
- 0.01
- Upside Capture
- 30.48%
- Downside Capture
- 63.22%
Expense Ratio
UGPIX has a high expense ratio of 1.74%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
UGPIX ranks 1 for risk / return — in the bottom 1% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProFunds UltraChina (UGPIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UGPIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.63 | ||
| Sortino ratioReturn per unit of downside risk | -3.42 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.37 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 2.78 | -3.30 |
| Martin ratioReturn relative to average drawdown | -1.00 | 12.44 | -13.44 |
Dividends
Dividend History
ProFunds UltraChina provided a 10.34% dividend yield over the last twelve months, with an annual payout of $1.53 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.53 | $1.53 | $0.57 | $0.84 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.14 |
Dividend yield | 10.34% | 6.05% | 2.91% | 3.25% | 0.00% | 0.00% | 0.00% | 0.08% | 0.00% | 0.77% |
Monthly Dividends
The table displays the monthly dividend distributions for ProFunds UltraChina. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.53 | $1.53 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.57 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.84 | $0.84 |
| 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 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ProFunds UltraChina. 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 UltraChina was 98.56%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current ProFunds UltraChina drawdown is 83.37%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -98.56%Oct 2022 | 20y 21d | — | 23y 8moOct 2002 - now |
Dot-com crash2000–2002 | -63.44%Jan 2002 | 3mo 12d | 7mo 3d | 10mo 15dSep 2001 - Aug 2002 |
Dot-com crash2000–2002 | -62.46%May 2001 | 1mo 16d | 4mo 3d | 5mo 19dApr 2001 - Sep 2001 |
Dot-com crash2000–2002 | -49.25%Jan 2001 | 20d | 1mo 15d | 2mo 5dJan 2001 - Mar 2001 |
Dot-com crash2000–2002 | -42.60%Dec 2000 | 7d | 12d | 19dDec 2000 - Dec 2000 |
Drawdown Indicators
| UGPIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.56% | -56.78% | -41.78% |
Max Drawdown (1Y)Largest decline over 1 year | -60.33% | -9.10% | -51.23% |
Max Drawdown (3Y)Largest decline over 3 years | -60.33% | -18.90% | -41.43% |
Max Drawdown (5Y)Largest decline over 5 years | -92.61% | -25.43% | -67.18% |
Max Drawdown (10Y)Largest decline over 10 years | -96.22% | -33.92% | -62.30% |
Current DrawdownCurrent decline from peak | -83.37% | -1.80% | -81.57% |
Average DrawdownAverage peak-to-trough decline | -79.75% | -10.71% | -69.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.23% | 2.03% | +29.20% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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