ENPIX vs. UCPIX

Last updated Jun 5, 2026

ENPIX (ProFunds UltraSector Oil & Gas Fund) and UCPIX (ProFunds UltraShort Small Cap Fund) are both mutual funds - ENPIX is a Leveraged Equities fund managed by ProFunds, while UCPIX is a Inverse Equities fund managed by ProFunds. Over the past 10 years, ENPIX returned 7.37%/yr vs -28.20%/yr for UCPIX. At a correlation of -0.59, they often move in opposite directions. ENPIX charges 1.51%/yr vs 1.78%/yr for UCPIX.

Performance

ENPIX vs. UCPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds UltraSector Oil & Gas Fund (ENPIX) and ProFunds UltraShort Small Cap Fund (UCPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ENPIX achieves a 47.75% return, which is significantly higher than UCPIX's -27.89% return. Over the past 10 years, ENPIX has outperformed UCPIX with an annualized return of 7.37%, while UCPIX has yielded a comparatively lower -28.20% annualized return.

ENPIX

• 1D: 1.99%
• 1M: -2.48%
• YTD: 47.75%
• 6M: 42.37%
• 1Y: 69.55%
• 3Y*: 19.65%
• 5Y*: 23.89%
• 10Y*: 7.37%

UCPIX

• 1D: 2.65%
• 1M: -3.63%
• YTD: -27.89%
• 6M: -24.87%
• 1Y: -49.10%
• 3Y*: -29.63%
• 5Y*: -17.46%
• 10Y*: -28.20%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ENPIX vs. UCPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ENPIX ProFunds UltraSector Oil & Gas Fund	47.75%	4.99%	2.30%	-7.46%	92.17%	82.32%	-53.71%	10.35%	-30.54%	-5.59%
UCPIX ProFunds UltraShort Small Cap Fund	-27.89%	-25.76%	-19.27%	-26.54%	28.08%	-36.02%	-60.58%	-38.99%	17.86%	-27.19%

Correlation

The correlation between ENPIX and UCPIX 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	-0.32
Correlation (5Y) Calculated over the trailing 5-year period	-0.42
Correlation (10Y) Calculated over the trailing 10-year period	-0.52
Correlation (All Time) Calculated using the full available price history since Feb 2, 2004	-0.59

Over the past year, the inverse relationship between ENPIX and UCPIX has weakened: their correlation has moved from -0.59 to -0.05, meaning they move in opposite directions less often than they have historically.

Return for Risk

ENPIX vs. UCPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ENPIX

ENPIX Risk / Return Rank: 52
ENPIX Sharpe Ratio Rank: 51
ENPIX Sortino Ratio Rank: 40
ENPIX Omega Ratio Rank: 38
ENPIX Calmar Ratio Rank: 80
ENPIX Martin Ratio Rank: 49

UCPIX

UCPIX Risk / Return Rank: 0
UCPIX Sharpe Ratio Rank: 0
UCPIX Sortino Ratio Rank: 0
UCPIX Omega Ratio Rank: 0
UCPIX Calmar Ratio Rank: 0
UCPIX Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ENPIX vs. UCPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraSector Oil & Gas Fund (ENPIX) and ProFunds UltraShort Small Cap Fund (UCPIX). 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.

	ENPIX	UCPIX	Difference
Sharpe ratio: Return per unit of total volatility	2.12	-1.28	+3.40
Sortino ratio: Return per unit of downside risk	2.62	-2.04	+4.66
Omega ratio: Gain probability vs. loss probability	1.32	0.78	+0.55
Calmar ratio: Return relative to maximum drawdown	3.61	-0.97	+4.58
Martin ratio: Return relative to average drawdown	10.08	-1.58	+11.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ENPIX vs. UCPIX - Sharpe Ratio Comparison

The current ENPIX Sharpe Ratio is 2.12, which is higher than the UCPIX Sharpe Ratio of -1.28. The chart below compares the historical Sharpe Ratios of ENPIX and UCPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ENPIX	UCPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	-1.28	+3.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	-0.04	+0.66
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	-0.10	+0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	-0.14	+0.26

Drawdowns

ENPIX vs. UCPIX - Drawdown Comparison

The maximum ENPIX drawdown since its inception was -90.12%, smaller than the maximum UCPIX drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for ENPIX and UCPIX.

Drawdown Indicators

	ENPIX	UCPIX	Difference
Max Drawdown Largest peak-to-trough decline	-90.12%	-99.99%	+9.87%
Max Drawdown (1Y) Largest decline over 1 year	-17.99%	-50.67%	+32.68%
Max Drawdown (3Y) Largest decline over 3 years	-32.27%	-94.79%	+62.52%
Max Drawdown (5Y) Largest decline over 5 years	-36.48%	-95.26%	+58.78%
Max Drawdown (10Y) Largest decline over 10 years	-84.54%	-99.39%	+14.85%
Current Drawdown Current decline from peak	-10.36%	-99.94%	+89.58%
Average Drawdown Average peak-to-trough decline	-36.90%	-84.03%	+47.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.44%	31.04%	-24.60%

Volatility

ENPIX vs. UCPIX - Volatility Comparison

ProFunds UltraSector Oil & Gas Fund (ENPIX) has a higher volatility of 12.27% compared to ProFunds UltraShort Small Cap Fund (UCPIX) at 11.50%. This indicates that ENPIX's price experiences larger fluctuations and is considered to be riskier than UCPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENPIX	UCPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.27%	11.50%	+0.77%
Volatility (6M) Calculated over the trailing 6-month period	24.82%	27.34%	-2.52%
Volatility (1Y) Calculated over the trailing 1-year period	30.77%	38.36%	-7.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.79%	402.12%	-363.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.70%	286.13%	-241.43%

ENPIX vs. UCPIX - Expense Ratio Comparison

ENPIX has a 1.51% expense ratio, which is lower than UCPIX's 1.78% expense ratio.

Dividends

ENPIX vs. UCPIX - Dividend Comparison

ENPIX's dividend yield for the trailing twelve months is around 1.87%, less than UCPIX's 6.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ENPIX ProFunds UltraSector Oil & Gas Fund	1.87%	2.76%	3.19%	0.87%	2.76%	1.59%	1.76%	1.34%	1.76%	0.84%	0.57%	0.56%
UCPIX ProFunds UltraShort Small Cap Fund	6.40%	4.61%	4.24%	4.77%	0.00%	0.00%	0.00%	0.30%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ENPIX and UCPIX in my portfolio?

ENPIX and UCPIX 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.

Which is riskier, ENPIX or UCPIX?

ENPIX has higher volatility (12.27%) compared to UCPIX (11.50%). In terms of maximum drawdown, ENPIX dropped -90.12% vs UCPIX's -99.99%.

Which has better risk-adjusted returns?

ENPIX currently has the higher Sharpe Ratio (2.12 vs -1.28), 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.