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 4.83%/yr vs -26.40%/yr for UVPIX. Their -0.70 correlation means they have often moved in opposite directions in the past. 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 16.78% return, which is significantly higher than UVPIX's -16.08% return. Over the past 10 years, OTPIX has outperformed UVPIX with an annualized return of 4.83%, while UVPIX has yielded a comparatively lower -26.40% annualized return.
OTPIX
- 1D
- 3.34%
- 1M
- -0.02%
- 6M
- 18.62%
- YTD
- 16.78%
- 1Y
- 27.45%
- 3Y*
- -22.48%
- 5Y*
- -11.62%
- 10Y*
- 4.83%
- ALL TIME*
- 5.74%
UVPIX
- 1D
- -1.96%
- 1M
- -8.12%
- 6M
- -1.80%
- YTD
- -16.08%
- 1Y
- -36.67%
- 3Y*
- -30.87%
- 5Y*
- -20.84%
- 10Y*
- -26.40%
- ALL TIME*
- -13.03%
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 |
OTPIX vs. UVPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OTPIX ProFunds NASDAQ-100 Fund | 16.78% | 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 | -16.08% | -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 -0.71, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.71 |
Correlation (3Y) Balances recent behavior with more history. | -0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | -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 -0.71 to -0.66 - 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 | +2.22 | ||
| Sortino ratioReturn per unit of downside risk | +3.08 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.87 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | -0.91 | +3.04 |
| Martin ratioReturn relative to average drawdown | 6.68 | -1.27 | +7.94 |
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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% | -41.73% | +29.20% |
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% | -95.73% | +16.18% |
Current DrawdownCurrent decline from peak | -65.20% | -99.85% | +34.65% |
Average DrawdownAverage peak-to-trough decline | -23.08% | -89.55% | +66.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 30.61% | -26.63% |
Volatility
OTPIX vs. UVPIX - Volatility Comparison
The current volatility for ProFunds NASDAQ-100 Fund (OTPIX) is 7.62%, while ProFunds Ultra Short Emerging Market Fund (UVPIX) has a volatility of 13.06%. 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 | 7.62% | 13.06% | -5.44% |
Volatility (6M)Calculated over the trailing 6-month period | 16.29% | 35.45% | -19.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.56% | 44.43% | -24.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.06% | 48.08% | -6.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.38% | 46.55% | -13.17% |
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 1.48%, less than UVPIX's 10.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
OTPIX ProFunds NASDAQ-100 Fund | 1.48% | 1.72% | 0.76% | 0.00% | 0.00% | 18.31% | 1.10% | 0.87% |
UVPIX ProFunds Ultra Short Emerging Market Fund | 10.71% | 8.99% | 0.00% | 7.25% | 0.00% | 0.00% | 0.00% | 0.49% |
Frequently Asked Questions
OTPIX and UVPIX have a correlation of -0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVPIX has higher volatility (13.06%) compared to OTPIX (7.62%). In terms of maximum drawdown, OTPIX dropped -79.55% vs UVPIX's -99.86%.
OTPIX currently has the higher Sharpe Ratio (1.37 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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