- ISIN
- US74318X7378
- CUSIP
- 74318X737
- Issuer
- ProFunds
- Inception Date
- Feb 3, 2008
- Category
- Inverse Equities
- Min. Investment
- $15,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
UHPIX Performance Chart
ProFunds UltraShort China (UHPIX) is up 49.8% since the beginning of the year. UHPIX is currently trading at $3 per share. Investors who bought $1,000 worth of UHPIX shares 5 years ago would now be looking at an investment worth $250.
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Returns By Period
ProFunds UltraShort China (UHPIX) has returned 49.76% so far this year and 10.70% over the past 12 months. Over the last ten years, UHPIX has returned -30.42% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
ProFunds UltraShort China
- 1D
- 1.94%
- 1M
- 22.01%
- YTD
- 49.76%
- 6M
- 54.16%
- 1Y
- 10.70%
- 3Y*
- -21.86%
- 5Y*
- -24.20%
- 10Y*
- -30.42%
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%
UHPIX Monthly Returns History
Based on dividend-adjusted daily data since Feb 4, 2008, UHPIX's average daily return is +0.08%, while the average monthly return is -1.68%.
Historically, 42% of months were positive and 58% were negative. The best month was Jul 2021 with a return of +47.5%, while the worst month was Nov 2022 at -56.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 10 months.
On a daily basis, UHPIX closed higher 48% of trading days. The best single day was Dec 7, 2016 with a return of +682.7%, while the worst single day was Dec 5, 2016 at -87.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -6.64% | 15.74% | 12.72% | -7.39% | 12.61% | 17.91% | 49.76% | ||||||
| 2025 | -17.31% | -24.52% | -1.82% | 12.27% | 0.33% | -6.60% | -8.83% | -13.57% | -24.66% | 6.55% | 15.08% | 6.93% | -49.82% |
| 2024 | 27.96% | -13.36% | 5.48% | -6.15% | -12.52% | 19.63% | -1.53% | 5.23% | -45.64% | 6.42% | 16.01% | -12.20% | -29.87% |
| 2023 | -29.94% | 27.41% | -14.34% | 21.08% | 20.12% | -14.80% | -34.26% | 20.55% | 9.74% | 7.35% | -14.86% | -1.91% | -26.13% |
| 2022 | -8.48% | 12.49% | -31.91% | -1.84% | -12.51% | -25.97% | 17.91% | -12.34% | 37.45% | 43.66% | -56.03% | -9.04% | -63.62% |
| 2021 | -17.75% | -6.60% | 25.42% | -2.69% | 10.20% | -5.33% | 47.47% | 1.63% | 12.82% | -12.05% | 15.49% | 16.02% | 94.89% |
Benchmark Metrics
ProFunds UltraShort China has an annualized alpha of 54.13%, beta of -2.06, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since February 04, 2008.
- This fund tended to rise when S&P 500 Index fell (downside capture of -213.66%), but participation in market rallies was also limited (-117.81%) - a profile typical of counter-cyclical assets.
- Beta of -2.06 may look defensive, but with R2 of 0.06 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 0.06 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
- 54.13%
- Beta
- -2.06
- R²
- 0.06
- Upside Capture
- -117.81%
- Downside Capture
- -213.66%
Expense Ratio
UHPIX has a high expense ratio of 1.78%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
UHPIX ranks 5 for risk / return — in the bottom 5% 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 UltraShort China (UHPIX) 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.
| UHPIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.37 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 2.78 | -2.50 |
| Martin ratioReturn relative to average drawdown | 0.51 | 12.44 | -11.92 |
Dividends
Dividend History
ProFunds UltraShort China provided a 2.87% dividend yield over the last twelve months, with an annual payout of $0.09 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.09 | $0.09 | $0.00 | $0.22 | $0.00 | $0.00 | $0.00 | $0.19 |
Dividend yield | 2.87% | 4.29% | 0.00% | 3.45% | 0.00% | 0.00% | 0.00% | 0.55% |
Monthly Dividends
The table displays the monthly dividend distributions for ProFunds UltraShort China. 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 | $0.09 | $0.09 |
| 2024 | $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 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 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 UltraShort China. 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 China was 99.98%, occurring on Oct 2, 2025. The portfolio has not yet recovered.
The current ProFunds UltraShort China drawdown is 99.95%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 bear market2025 | -99.98%Oct 2025 | 16y 11mo | — | 17y 8moOct 2008 - now |
Financial crisis2007–2009 | -44.39%May 2008 | 1mo 17d | 4mo 1d | 5mo 18dMar 2008 - Sep 2008 |
Financial crisis2007–2009 | -36.42%Oct 2008 | 3d | 11d | 14dOct 2008 - Oct 2008 |
Financial crisis2007–2009 | -33.57%Sep 2008 | 1d | 18d | 19dSep 2008 - Oct 2008 |
Financial crisis2007–2009 | -16.32%Feb 2008 | 20d | 8d | 28dFeb 2008 - Mar 2008 |
Drawdown Indicators
| UHPIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -56.78% | -43.20% |
Max Drawdown (1Y)Largest decline over 1 year | -45.52% | -9.10% | -36.42% |
Max Drawdown (3Y)Largest decline over 3 years | -80.96% | -18.90% | -62.06% |
Max Drawdown (5Y)Largest decline over 5 years | -96.64% | -25.43% | -71.21% |
Max Drawdown (10Y)Largest decline over 10 years | -98.81% | -33.92% | -64.89% |
Current DrawdownCurrent decline from peak | -99.95% | -1.80% | -98.15% |
Average DrawdownAverage peak-to-trough decline | -93.41% | -10.71% | -82.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.07% | 2.03% | +24.04% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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