ProFunds Ultra Short Japan Fund (UKPIX) 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 UKPIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to UKPIX
UKPIX 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 | UKPIX vs PSTIX | |
| Rydex Inverse S&P 500 Strategy Fund | 1.49% | — | Jan 1994 | UKPIX vs RYURX | |
| Rydex Inverse NASDAQ-100 Strategy Fund | 1.55% | — | Sep 1998 | UKPIX vs RYAIX | |
| Grizzly Short Fund | 1.61% | — | Jun 2000 | UKPIX vs GRZZX | |
| ProFunds Bear Fund | 1.64% | — | Dec 1997 | UKPIX vs BRPIX |
Best Risk-Adjusted Alternatives to UKPIX
UKPIX has a PortfoliosLab risk / return rank of 0. There are 16 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 | UKPIX vs DRCVX | |
| ProFunds UltraShort China | 2 | — | Feb 2008 | UKPIX vs UHPIX | |
| Grizzly Short Fund | 1 | — | Jun 2000 | UKPIX vs GRZZX | |
| ProFunds Ultra Short International Fund | 0 | — | Apr 2006 | UKPIX vs UXPIX | |
| ProFunds Ultra Short Emerging Market Fund | 0 | — | Apr 2006 | UKPIX vs UVPIX |
Top Performing UKPIX Alternatives (YTD)
UKPIX is at -49.01% YTD. There are 25 mutual funds in the Inverse Equities category with higher YTD returns, going as high as 18.01%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProFunds UltraShort China | 18.01% | — | Feb 2008 | UKPIX vs UHPIX | |
| Comstock Capital Value Fund | 3.17% | — | Oct 1985 | UKPIX vs DRCVX | |
| Grizzly Short Fund | -6.05% | — | Jun 2000 | UKPIX vs GRZZX | |
| PIMCO StocksPLUS Short Fund | -8.07% | — | Jul 2003 | UKPIX vs PSTIX | |
| Rydex Inverse S&P 500 Strategy Fund | -8.72% | — | Jan 1994 | UKPIX vs RYURX |
Lowest Volatility Alternatives to UKPIX
UKPIX has 48.32% 1-year volatility. There are 24 mutual funds in the Inverse Equities category with lower 1-year volatility, going as low as 3.02%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Comstock Capital Value Fund | 3.02% | — | Oct 1985 | UKPIX vs DRCVX | |
| Federated Hermes Prudent Bear Fd | 11.32% | — | Dec 1995 | UKPIX vs BEARX | |
| PIMCO StocksPLUS Short Fund | 11.55% | — | Jul 2003 | UKPIX vs PSTIX | |
| Rydex Inverse S&P 500 Strategy Fund | 11.79% | — | Jan 1994 | UKPIX vs RYURX | |
| ProFunds Bear Fund | 11.94% | — | Dec 1997 | UKPIX vs BRPIX |
Lowest Drawdown Alternatives to UKPIX
UKPIX has a 1-year max drawdown of -73.48%. There are 25 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 | UKPIX vs DRCVX | |
| Grizzly Short Fund | -13.89% | — | Jun 2000 | UKPIX vs GRZZX | |
| PIMCO StocksPLUS Short Fund | -15.41% | — | Jul 2003 | UKPIX vs PSTIX | |
| Rydex Inverse Mid-Cap Strategy Fund | -16.44% | — | Feb 2004 | UKPIX vs RYCLX | |
| Rydex Inverse S&P 500 Strategy Fund | -18.35% | — | Jan 1994 | UKPIX vs RYURX |
Other Mutual Funds from ProFunds
The 10 most viewed ProFunds mutual funds shown here include SMPIX, BTCFX, UOPIX and span 3 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProFunds Semiconductor UltraSector Fund | Leveraged Equities | 92 | 82.09% | — | Jun 2000 | UKPIX vs SMPIX | |
| Bitcoin ProFund Investor | Cryptocurrency | 1 | -24.39% | — | Jul 2021 | UKPIX vs BTCFX | |
| ProFunds UltraNASDAQ-100 Fund | Leveraged Equities | 70 | 42.41% | — | Nov 1997 | UKPIX vs UOPIX | |
| ProFunds UltraBull Fund | Leveraged Equities | 60 | 20.77% | — | Nov 1997 | UKPIX vs ULPIX | |
| ProFunds Technology UltraSector Fund | Leveraged Equities | 85 | 57.79% | — | Jun 2000 | UKPIX vs TEPIX | |
| ProFunds Precious Metals UltraSector Fund | Leveraged Equities | 29 | 1.73% | — | Jun 2002 | UKPIX vs PMPIX | |
| ProFunds Biotechnology UltraSector Fund | Leveraged Equities | 67 | 4.28% | — | Jun 2000 | UKPIX vs BIPIX | |
| ProFunds UltraSector Oil & Gas Fund | Leveraged Equities | 51 | 44.87% | — | Jun 2000 | UKPIX vs ENPIX | |
| ProFunds NASDAQ-100 Fund | Large Cap Growth Equities | 67 | 20.74% | — | Aug 2000 | UKPIX vs OTPIX | |
| ProFunds Bull Investor Fund | Leveraged Equities | 62 | 10.89% | — | Nov 1997 | UKPIX vs BLPIX |
Often Compared With UKPIX
Investors most often compare UKPIX with RYWWX, UWPIX, UJPIX. These 5 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Rydex Inverse Emerging Markets 2x Strategy Fund | Inverse Equities | 0 | -18.46% | — | Oct 2010 | UKPIX vs RYWWX | |
| ProFunds UltraShort Dow 30 Fund | Inverse Equities | 0 | -12.08% | — | Jul 2004 | UKPIX vs UWPIX | |
| ProFunds UltraJapan Fund | Leveraged Equities | 93 | 74.33% | — | Feb 2000 | UKPIX vs UJPIX | |
| ProFunds UltraShort Mid Cap Fund | Inverse Equities | 0 | -23.11% | — | Jan 2004 | UKPIX vs UIPIX | |
| Rydex Inverse Dow 2x Strategy Fund | Inverse Equities | 0 | -12.67% | — | Feb 2004 | UKPIX vs RYCZX |
Compare UKPIX with Any Fund or Stock
Compare UKPIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair UKPIX with funds that move differently
ProFunds Ultra Short Japan Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to UKPIX.
Explore UKPIX Diversifiers