HCPIX vs. USPIX
HCPIX (ProFunds UltraSector Health Care Fund) and USPIX (ProFunds UltraShort NASDAQ-100 Fund) are both mutual funds - HCPIX is a Leveraged Equities fund managed by ProFunds, while USPIX is a Inverse Equities fund managed by ProFunds. Over the past 10 years, HCPIX returned 9.07%/yr vs -38.57%/yr for USPIX. Their -0.61 correlation means they have often moved in opposite directions in the past. HCPIX charges 1.61%/yr vs 1.68%/yr for USPIX.
Performance
HCPIX vs. USPIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HCPIX achieves a 5.99% return, which is significantly higher than USPIX's -22.77% return. Over the past 10 years, HCPIX has outperformed USPIX with an annualized return of 9.07%, while USPIX has yielded a comparatively lower -38.57% annualized return.
HCPIX
- 1D
- -0.85%
- 1M
- -1.75%
- 6M
- 5.49%
- YTD
- 5.99%
- 1Y
- 34.76%
- 3Y*
- 7.49%
- 5Y*
- 2.81%
- 10Y*
- 9.07%
- ALL TIME*
- 7.31%
USPIX
- 1D
- -1.21%
- 1M
- 7.06%
- 6M
- -20.05%
- YTD
- -22.77%
- 1Y
- -36.65%
- 3Y*
- -34.99%
- 5Y*
- -29.81%
- 10Y*
- -38.57%
- ALL TIME*
- -35.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HCPIX vs. USPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HCPIX ProFunds UltraSector Health Care Fund | 5.99% | 16.02% | -1.37% | -1.30% | -10.60% | 33.92% | 16.86% | 28.41% | 4.96% | 19.48% |
USPIX ProFunds UltraShort NASDAQ-100 Fund | -22.77% | -35.26% | -38.20% | -57.06% | 61.80% | -46.20% | -70.91% | -50.15% | -9.56% | -44.56% |
Correlation
The correlation between HCPIX and USPIX is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.02 |
Correlation (3Y) Balances recent behavior with more history. | -0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.53 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2000 | -0.61 |
Over the past year, the inverse relationship between HCPIX and USPIX has weakened: their correlation has moved from -0.61 to -0.02, meaning they move in opposite directions less often than they have historically.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HCPIX vs. USPIX — Risk / Return Rank
HCPIX
USPIX
HCPIX vs. USPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraSector Health Care Fund (HCPIX) and ProFunds UltraShort NASDAQ-100 Fund (USPIX). 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.
| HCPIX | USPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.42 | ||
| Sortino ratioReturn per unit of downside risk | +3.63 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.86 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | -0.76 | +3.00 |
| Martin ratioReturn relative to average drawdown | 5.23 | -1.39 | +6.61 |
Loading charts...
Drawdowns
HCPIX vs. USPIX - Drawdown Comparison
The maximum HCPIX drawdown since its inception was -64.90%, smaller than the maximum USPIX drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for HCPIX and USPIX.
Loading charts...
Drawdown Indicators
| HCPIX | USPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.90% | -100.00% | +35.10% |
Max Drawdown (1Y)Largest decline over 1 year | -16.12% | -44.62% | +28.50% |
Max Drawdown (3Y)Largest decline over 3 years | -27.68% | -80.96% | +53.28% |
Max Drawdown (5Y)Largest decline over 5 years | -27.68% | -89.53% | +61.85% |
Max Drawdown (10Y)Largest decline over 10 years | -40.66% | -99.34% | +58.68% |
Current DrawdownCurrent decline from peak | -4.21% | -100.00% | +95.79% |
Average DrawdownAverage peak-to-trough decline | -20.91% | -96.45% | +75.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.89% | 24.65% | -17.76% |
Volatility
HCPIX vs. USPIX - Volatility Comparison
The current volatility for ProFunds UltraSector Health Care Fund (HCPIX) is 9.23%, while ProFunds UltraShort NASDAQ-100 Fund (USPIX) has a volatility of 13.72%. This indicates that HCPIX experiences smaller price fluctuations and is considered to be less risky than USPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HCPIX | USPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.23% | 13.72% | -4.49% |
Volatility (6M)Calculated over the trailing 6-month period | 18.17% | 31.91% | -13.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.93% | 38.66% | -14.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.81% | 46.15% | -23.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.17% | 44.75% | -19.58% |
HCPIX vs. USPIX - Expense Ratio Comparison
HCPIX has a 1.61% expense ratio, which is lower than USPIX's 1.68% expense ratio.
Dividends
HCPIX vs. USPIX - Dividend Comparison
HCPIX's dividend yield for the trailing twelve months is around 0.16%, less than USPIX's 3.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HCPIX ProFunds UltraSector Health Care Fund | 0.16% | 0.17% | 0.82% | 0.26% | 0.00% | 0.00% | 0.00% | 0.05% | 0.03% |
USPIX ProFunds UltraShort NASDAQ-100 Fund | 3.50% | 2.71% | 0.00% | 5.92% | 0.00% | 0.00% | 0.07% | 0.36% | 0.00% |
Frequently Asked Questions
HCPIX and USPIX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USPIX has higher volatility (13.72%) compared to HCPIX (9.23%). In terms of maximum drawdown, HCPIX dropped -64.90% vs USPIX's -100.00%.
HCPIX currently has the higher Sharpe Ratio (1.53 vs -0.89), 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.
Find the right allocation for HCPIX and USPIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer