OTPIX vs. UVPIX
OTPIX (ProFunds NASDAQ-100 Fund) and UVPIX (ProFunds Ultra Short Emerging Market Fund) are both mutual funds - OTPIX is a Large Cap Growth Equities fund managed by ProFunds, while UVPIX is a Inverse Equities fund managed by ProFunds. Over the past 10 years, OTPIX returned 5.88%/yr vs -27.55%/yr for UVPIX. At a correlation of -0.70, they often move in opposite directions. OTPIX charges 1.48%/yr vs 1.78%/yr for UVPIX.
Performance
OTPIX vs. UVPIX - Performance Comparison
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Returns By Period
In the year-to-date period, OTPIX achieves a 15.49% return, which is significantly higher than UVPIX's -8.81% return. Over the past 10 years, OTPIX has outperformed UVPIX with an annualized return of 5.88%, while UVPIX has yielded a comparatively lower -27.55% annualized return.
OTPIX
- 1D
- -3.29%
- 1M
- -0.58%
- YTD
- 15.49%
- 6M
- 13.63%
- 1Y
- 30.57%
- 3Y*
- -22.17%
- 5Y*
- -10.87%
- 10Y*
- 5.88%
UVPIX
- 1D
- 6.02%
- 1M
- 4.99%
- YTD
- -8.81%
- 6M
- -7.80%
- 1Y
- -33.56%
- 3Y*
- -31.12%
- 5Y*
- -17.79%
- 10Y*
- -27.55%
OTPIX vs. UVPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OTPIX ProFunds NASDAQ-100 Fund | 15.49% | 18.08% | -69.20% | 51.66% | -34.36% | 48.75% | 45.00% | 36.58% | -1.75% | 29.45% |
UVPIX ProFunds Ultra Short Emerging Market Fund | -8.81% | -49.90% | -17.67% | -27.06% | 1.35% | 15.70% | -57.91% | -39.81% | 20.65% | -48.37% |
Correlation
The correlation between OTPIX and UVPIX is -0.67, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2006 | -0.70 |
The correlation between OTPIX and UVPIX has been stable across timeframes, ranging from -0.70 to -0.64 - a consistent structural relationship.
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Return for Risk
OTPIX vs. UVPIX — Risk / Return Rank
OTPIX
UVPIX
OTPIX vs. UVPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds NASDAQ-100 Fund (OTPIX) and ProFunds Ultra Short Emerging Market Fund (UVPIX). 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.
| OTPIX | UVPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.68 | ||
| Sortino ratioReturn per unit of downside risk | +3.57 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.87 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | -0.84 | +3.46 |
| Martin ratioReturn relative to average drawdown | 9.52 | -1.23 | +10.75 |
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Drawdowns
OTPIX vs. UVPIX - Drawdown Comparison
The maximum OTPIX drawdown since its inception was -79.55%, smaller than the maximum UVPIX drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for OTPIX and UVPIX.
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Drawdown Indicators
| OTPIX | UVPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.55% | -99.86% | +20.31% |
Max Drawdown (1Y)Largest decline over 1 year | -12.53% | -43.77% | +31.24% |
Max Drawdown (3Y)Largest decline over 3 years | -79.55% | -75.41% | -4.14% |
Max Drawdown (5Y)Largest decline over 5 years | -79.55% | -83.54% | +3.99% |
Max Drawdown (10Y)Largest decline over 10 years | -79.55% | -96.71% | +17.16% |
Current DrawdownCurrent decline from peak | -65.58% | -99.84% | +34.26% |
Average DrawdownAverage peak-to-trough decline | -22.88% | -89.50% | +66.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 32.43% | -29.00% |
Volatility
OTPIX vs. UVPIX - Volatility Comparison
The current volatility for ProFunds NASDAQ-100 Fund (OTPIX) is 9.03%, while ProFunds Ultra Short Emerging Market Fund (UVPIX) has a volatility of 15.32%. This indicates that OTPIX experiences smaller price fluctuations and is considered to be less risky than UVPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OTPIX | UVPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.03% | 15.32% | -6.29% |
Volatility (6M)Calculated over the trailing 6-month period | 14.53% | 35.36% | -20.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.99% | 43.21% | -25.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.92% | 48.24% | -6.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.30% | 46.51% | -13.21% |
OTPIX vs. UVPIX - Expense Ratio Comparison
OTPIX has a 1.48% expense ratio, which is lower than UVPIX's 1.78% expense ratio.
Dividends
OTPIX vs. UVPIX - Dividend Comparison
OTPIX's dividend yield for the trailing twelve months is around 1.49%, less than UVPIX's 9.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
OTPIX ProFunds NASDAQ-100 Fund | 1.49% | 1.72% | 0.76% | 0.00% | 0.00% | 18.31% | 1.10% | 0.87% |
UVPIX ProFunds Ultra Short Emerging Market Fund | 9.86% | 8.99% | 0.00% | 7.25% | 0.00% | 0.00% | 0.00% | 0.49% |
Frequently Asked Questions
OTPIX and UVPIX have a correlation of -0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVPIX has higher volatility (15.32%) compared to OTPIX (9.03%). In terms of maximum drawdown, OTPIX dropped -79.55% vs UVPIX's -99.86%.
OTPIX currently has the higher Sharpe Ratio (1.82 vs -0.86), 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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