ENPIX vs. UAPIX
ENPIX (ProFunds UltraSector Oil & Gas Fund) and UAPIX (ProFunds UltraSmall Cap Fund) are both Leveraged Equities funds from ProFunds. Over the past 10 years, ENPIX returned 6.18%/yr vs 12.24%/yr for UAPIX. A 0.57 correlation means they provide meaningful diversification when combined. ENPIX charges 1.51%/yr vs 1.60%/yr for UAPIX.
Performance
ENPIX vs. UAPIX - Performance Comparison
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Returns By Period
In the year-to-date period, ENPIX achieves a 32.94% return, which is significantly lower than UAPIX's 38.41% return. Over the past 10 years, ENPIX has underperformed UAPIX with an annualized return of 6.18%, while UAPIX has yielded a comparatively higher 12.24% annualized return.
ENPIX
- 1D
- 0.98%
- 1M
- -11.97%
- YTD
- 32.94%
- 6M
- 34.58%
- 1Y
- 43.47%
- 3Y*
- 17.01%
- 5Y*
- 21.33%
- 10Y*
- 6.18%
UAPIX
- 1D
- -1.93%
- 1M
- 6.90%
- YTD
- 38.41%
- 6M
- 31.22%
- 1Y
- 75.71%
- 3Y*
- 26.94%
- 5Y*
- 1.43%
- 10Y*
- 12.24%
ENPIX vs. UAPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENPIX ProFunds UltraSector Oil & Gas Fund | 32.94% | 4.99% | 2.30% | -7.46% | 92.17% | 82.32% | -53.71% | 10.35% | -30.54% | -5.59% |
UAPIX ProFunds UltraSmall Cap Fund | 38.41% | 12.77% | 10.42% | 22.26% | -43.78% | 23.06% | 13.86% | 46.81% | -26.88% | 24.36% |
Correlation
The correlation between ENPIX and UAPIX is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2000 | 0.57 |
Over the past year, the correlation between ENPIX and UAPIX has dropped to 0.05 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
ENPIX vs. UAPIX — Risk / Return Rank
ENPIX
UAPIX
ENPIX vs. UAPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraSector Oil & Gas Fund (ENPIX) and ProFunds UltraSmall Cap Fund (UAPIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| ENPIX | UAPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.31 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 3.62 | -1.73 |
| Martin ratioReturn relative to average drawdown | 5.55 | 12.30 | -6.75 |
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Drawdowns
ENPIX vs. UAPIX - Drawdown Comparison
The maximum ENPIX drawdown since its inception was -90.12%, roughly equal to the maximum UAPIX drawdown of -88.51%. Use the drawdown chart below to compare losses from any high point for ENPIX and UAPIX.
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Drawdown Indicators
| ENPIX | UAPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.12% | -88.51% | -1.61% |
Max Drawdown (1Y)Largest decline over 1 year | -21.66% | -22.32% | +0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -32.27% | -49.86% | +17.59% |
Max Drawdown (5Y)Largest decline over 5 years | -36.48% | -61.82% | +25.34% |
Max Drawdown (10Y)Largest decline over 10 years | -84.54% | -72.18% | -12.36% |
Current DrawdownCurrent decline from peak | -19.35% | -1.93% | -17.42% |
Average DrawdownAverage peak-to-trough decline | -36.86% | -35.98% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.34% | 6.55% | +0.79% |
Volatility
ENPIX vs. UAPIX - Volatility Comparison
The current volatility for ProFunds UltraSector Oil & Gas Fund (ENPIX) is 10.71%, while ProFunds UltraSmall Cap Fund (UAPIX) has a volatility of 12.99%. This indicates that ENPIX experiences smaller price fluctuations and is considered to be less risky than UAPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENPIX | UAPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.71% | 12.99% | -2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 25.21% | 28.65% | -3.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.38% | 39.44% | -8.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.74% | 45.32% | -6.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.72% | 46.56% | -1.84% |
ENPIX vs. UAPIX - Expense Ratio Comparison
ENPIX has a 1.51% expense ratio, which is lower than UAPIX's 1.60% expense ratio.
Dividends
ENPIX vs. UAPIX - Dividend Comparison
ENPIX's dividend yield for the trailing twelve months is around 2.08%, more than UAPIX's 0.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENPIX ProFunds UltraSector Oil & Gas Fund | 2.08% | 2.76% | 3.19% | 0.87% | 2.76% | 1.59% | 1.76% | 1.34% | 1.76% | 0.84% | 0.57% | 0.56% |
UAPIX ProFunds UltraSmall Cap Fund | 0.34% | 0.47% | 1.06% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.13% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ENPIX and UAPIX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UAPIX has higher volatility (12.99%) compared to ENPIX (10.71%). In terms of maximum drawdown, ENPIX dropped -90.12% vs UAPIX's -88.51%.
UAPIX currently has the higher Sharpe Ratio (2.05 vs 1.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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