ProFunds Ultra Short Emerging Market Fund (UVPIX)

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ProFunds Ultra Short Emerging Market Fund (UVPIX) is down 12.9% since the beginning of the year. UVPIX is currently trading at $6 per share. Investors who bought $1,000 worth of UVPIX shares 5 years ago would now be looking at an investment worth $339.

ProFunds Ultra Short Emerging Market Fund (UVPIX) has returned -12.87% so far this year and -40.36% over the past 12 months. Over the last ten years, UVPIX has returned -27.59% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Apr 19, 2006, UVPIX's average daily return is +0.89%, while the average monthly return is +17.96%. At this rate, an investment would double in approximately 0.3 years.

Historically, 40% of months were positive and 60% were negative. The best month was Jan 2007 with a return of +4,858.1%, while the worst month was Nov 2022 at -35.1%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 11 months.

On a daily basis, UVPIX closed higher 47% of trading days. The best single day was Jan 3, 2007 with a return of +4,880.3%, while the worst single day was Oct 13, 2008 at -42.1%.

ProFunds Ultra Short Emerging Market Fund has an annualized alpha of 1107.49%, beta of -2.38, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since April 19, 2006.

• This fund tended to rise when S&P 500 Index fell (downside capture of -270.87%), but participation in market rallies was also limited (-94.68%) - a profile typical of counter-cyclical assets.
• Beta of -2.38 may look defensive, but with R2 of 0.00 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 0.00 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.

UVPIX has a high expense ratio of 1.78%, indicating above-average management fees.

UVPIX 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.

ProFunds Ultra Short Emerging Market Fund provided a 10.32% dividend yield over the last twelve months, with an annual payout of $0.64 per share.

The table displays the monthly dividend distributions for ProFunds Ultra Short Emerging Market Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the ProFunds Ultra Short Emerging Market 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 Ultra Short Emerging Market Fund was 99.86%, occurring on May 6, 2026. The portfolio has not yet recovered.

The current ProFunds Ultra Short Emerging Market Fund drawdown is 99.84%.

The chart below shows the rolling one-month volatility.