ProFunds UltraShort Mid Cap Fund (UIPIX) belongs to the Inverse Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with UIPIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to UIPIX
UIPIX charges 1.78% annually. There are 6 mutual funds in the Inverse Equities category with lower expense ratios, going as low as 0.64%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| PIMCO StocksPLUS Short Fund | 0.64% | — | Jul 2003 | UIPIX vs PSTIX | |
| Rydex Inverse S&P 500 Strategy Fund | 1.49% | — | Jan 1994 | UIPIX vs RYURX | |
| Rydex Inverse NASDAQ-100 Strategy Fund | 1.55% | — | Sep 1998 | UIPIX vs RYAIX | |
| Grizzly Short Fund | 1.61% | — | Jun 2000 | UIPIX vs GRZZX | |
| ProFunds Bear Fund | 1.64% | — | Dec 1997 | UIPIX vs BRPIX |
Best Risk-Adjusted Alternatives to UIPIX
UIPIX has a PortfoliosLab risk / return rank of 0. There are 9 mutual funds in the Inverse Equities category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Comstock Capital Value Fund | 97 | — | Oct 1985 | UIPIX vs DRCVX | |
| ProFunds UltraShort China | 5 | — | Feb 2008 | UIPIX vs UHPIX | |
| Grizzly Short Fund | 1 | — | Jun 2000 | UIPIX vs GRZZX | |
| Rydex Inverse Emerging Markets 2x Strategy Fund | 1 | — | Oct 2010 | UIPIX vs RYWWX | |
| ProFunds Ultra Short Emerging Market Fund | 1 | — | Apr 2006 | UIPIX vs UVPIX |
Top Performing UIPIX Alternatives (YTD)
UIPIX is at -25.34% YTD. There are 19 mutual funds in the Inverse Equities category with higher YTD returns, going as high as 51.66%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProFunds UltraShort China | 51.66% | — | Feb 2008 | UIPIX vs UHPIX | |
| Comstock Capital Value Fund | 3.17% | — | Oct 1985 | UIPIX vs DRCVX | |
| Grizzly Short Fund | -5.08% | — | Jun 2000 | UIPIX vs GRZZX | |
| PIMCO StocksPLUS Short Fund | -6.03% | — | Jul 2003 | UIPIX vs PSTIX | |
| Rydex Inverse S&P 500 Strategy Fund | -7.00% | — | Jan 1994 | UIPIX vs RYURX |
Lowest Volatility Alternatives to UIPIX
UIPIX has 31.55% 1-year volatility. There are 15 mutual funds in the Inverse Equities category with lower 1-year volatility, going as low as 2.93%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Comstock Capital Value Fund | 2.93% | — | Oct 1985 | UIPIX vs DRCVX | |
| PIMCO StocksPLUS Short Fund | 12.13% | — | Jul 2003 | UIPIX vs PSTIX | |
| Federated Hermes Prudent Bear Fd | 12.28% | — | Dec 1995 | UIPIX vs BEARX | |
| Rydex Inverse S&P 500 Strategy Fund | 12.43% | — | Jan 1994 | UIPIX vs RYURX | |
| ProFunds Bear Fund | 12.56% | — | Dec 1997 | UIPIX vs BRPIX |
Lowest Drawdown Alternatives to UIPIX
UIPIX has a 1-year max drawdown of -35.97%. There are 16 mutual funds in the Inverse Equities category with shallower 1-year drawdowns, going as shallow as -0.89%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Comstock Capital Value Fund | -0.89% | — | Oct 1985 | UIPIX vs DRCVX | |
| Grizzly Short Fund | -13.89% | — | Jun 2000 | UIPIX vs GRZZX | |
| PIMCO StocksPLUS Short Fund | -15.05% | — | Jul 2003 | UIPIX vs PSTIX | |
| Rydex Inverse S&P 500 Strategy Fund | -16.51% | — | Jan 1994 | UIPIX vs RYURX | |
| ProFunds Bear Fund | -17.00% | — | Dec 1997 | UIPIX vs BRPIX |
Other Mutual Funds from ProFunds
The 10 most viewed ProFunds mutual funds shown here include SMPIX, BTCFX, UOPIX and span 5 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProFunds Semiconductor UltraSector Fund Investor C... | Leveraged Equities, Semiconductors, Technology Equities | 89 | 80.13% | — | Jun 2000 | UIPIX vs SMPIX | |
| Bitcoin ProFund Investor | Cryptocurrency | 1 | -27.61% | — | Jul 2021 | UIPIX vs BTCFX | |
| ProFunds UltraNASDAQ-100 Fund | Leveraged Equities | 64 | 38.26% | — | Nov 1997 | UIPIX vs UOPIX | |
| ProFunds UltraBull Fund | Leveraged Equities | 51 | 16.02% | — | Nov 1997 | UIPIX vs ULPIX | |
| ProFunds Technology UltraSector Fund | Leveraged Equities | 73 | 49.95% | — | Jun 2000 | UIPIX vs TEPIX | |
| ProFunds Precious Metals UltraSector Fund | Leveraged Equities | 19 | -10.99% | — | Jun 2002 | UIPIX vs PMPIX | |
| ProFunds Biotechnology UltraSector Fund | Leveraged Equities | 89 | 26.92% | — | Jun 2000 | UIPIX vs BIPIX | |
| ProFunds UltraSector Oil & Gas Fund | Leveraged Equities | 18 | 31.64% | — | Jun 2000 | UIPIX vs ENPIX | |
| ProFunds NASDAQ-100 Fund | Large Cap Growth Equities | 62 | 19.41% | — | Aug 2000 | UIPIX vs OTPIX | |
| ProFunds UltraJapan Fund | Leveraged Equities | 96 | 101.57% | — | Feb 2000 | UIPIX vs UJPIX |
Often Compared With UIPIX
Investors most often compare UIPIX with FSKAX, RYVNX, RYCLX. These 17 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare UIPIX with Any Fund or Stock
Compare UIPIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair UIPIX with funds that move differently
ProFunds UltraShort Mid Cap Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to UIPIX.
Explore UIPIX Diversifiers