PMPIX vs. UIPIX

Last updated Aug 4, 2026

PMPIX (ProFunds Precious Metals UltraSector Fund) and UIPIX (ProFunds UltraShort Mid Cap Fund) are both mutual funds - PMPIX is a Leveraged Equities fund managed by ProFunds, while UIPIX is a Inverse Equities fund managed by ProFunds. Over the past 10 years, PMPIX returned 7.01%/yr vs -6.23%/yr for UIPIX. Their -0.31 correlation means they have often moved in opposite directions in the past. PMPIX charges 1.53%/yr vs 1.78%/yr for UIPIX.

Performance

PMPIX vs. UIPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds Precious Metals UltraSector Fund (PMPIX) and ProFunds UltraShort Mid Cap Fund (UIPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PMPIX achieves a -24.41% return, which is significantly lower than UIPIX's -23.15% return. Over the past 10 years, PMPIX has outperformed UIPIX with an annualized return of 7.01%, while UIPIX has yielded a comparatively lower -6.23% annualized return.

PMPIX

• 1D: -4.72%
• 1M: -9.90%
• 6M: -34.48%
• YTD: -24.41%
• 1Y: 49.37%
• 3Y*: 44.38%
• 5Y*: 15.32%
• 10Y*: 7.01%
• ALL TIME*: 6.51%

UIPIX

• 1D: 0.32%
• 1M: 2.65%
• 6M: -15.63%
• YTD: -23.15%
• 1Y: -32.06%
• 3Y*: -20.65%
• 5Y*: 30.64%
• 10Y*: -6.23%
• ALL TIME*: -1.67%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PMPIX ProFunds Precious Metals UltraSector Fund	$0.00	$0.00	$0.00
UIPIX ProFunds UltraShort Mid Cap Fund	$0.00	$0.00	$0.00

PMPIX vs. UIPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PMPIX ProFunds Precious Metals UltraSector Fund	-24.41%	273.51%	5.35%	-1.78%	-20.47%	-14.71%	28.27%	72.99%	-21.10%	6.55%
UIPIX ProFunds UltraShort Mid Cap Fund	-23.15%	-13.23%	-22.21%	668.01%	11.30%	-42.71%	-53.90%	-38.37%	21.21%	-27.33%

Correlation

The correlation between PMPIX and UIPIX is -0.41, 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.	-0.41
Correlation (3Y) Balances recent behavior with more history.	-0.31
Correlation (5Y) Shows whether the relationship held over a longer period.	-0.31
Correlation (10Y) Provides a long-term view across more market conditions.	-0.21
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004	-0.31

The correlation between PMPIX and UIPIX shifts across timeframes, from -0.41 (1 year) to -0.21 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

PMPIX vs. UIPIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PMPIX

PMPIX Risk / Return Rank: 20
PMPIX Sharpe Ratio Rank: 18
PMPIX Sortino Ratio Rank: 23
PMPIX Omega Ratio Rank: 25
PMPIX Calmar Ratio Rank: 18
PMPIX Martin Ratio Rank: 14

UIPIX

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PMPIX vs. UIPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Precious Metals UltraSector Fund (PMPIX) and ProFunds UltraShort Mid Cap Fund (UIPIX). 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.

	PMPIX	UIPIX	Difference
Sharpe ratio: Return per unit of total volatility	0.74	-0.97	+1.71
Sortino ratio: Return per unit of downside risk	1.31	-1.31	+2.62
Omega ratio: Gain probability vs. loss probability	1.18	0.85	+0.33
Calmar ratio: Return relative to maximum drawdown	0.97	-0.85	+1.81
Martin ratio: Return relative to average drawdown	2.06	-1.44	+3.50

PMPIX vs. UIPIX - Sharpe Ratio Comparison

The current PMPIX Sharpe Ratio is 0.74, which is higher than the UIPIX Sharpe Ratio of -0.97. The chart below compares the historical Sharpe Ratios of PMPIX and UIPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PMPIX vs. UIPIX - Drawdown Comparison

The maximum PMPIX drawdown since its inception was -94.34%, smaller than the maximum UIPIX drawdown of -99.84%. Use the drawdown chart below to compare losses from any high point for PMPIX and UIPIX.

Drawdown Indicators

	PMPIX	UIPIX	Difference
Max Drawdown Largest peak-to-trough decline	-94.34%	-99.84%	+5.50%
Max Drawdown (1Y) Largest decline over 1 year	-54.48%	-35.47%	-19.01%
Max Drawdown (3Y) Largest decline over 3 years	-54.48%	-65.67%	+11.19%
Max Drawdown (5Y) Largest decline over 5 years	-61.05%	-65.67%	+4.62%
Max Drawdown (10Y) Largest decline over 10 years	-65.94%	-90.12%	+24.18%
Current Drawdown Current decline from peak	-56.43%	-99.20%	+42.77%
Average Drawdown Average peak-to-trough decline	-59.64%	-80.87%	+21.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.56%	20.87%	+4.69%

Volatility

PMPIX vs. UIPIX - Volatility Comparison

ProFunds Precious Metals UltraSector Fund (PMPIX) has a higher volatility of 17.84% compared to ProFunds UltraShort Mid Cap Fund (UIPIX) at 6.74%. This indicates that PMPIX's price experiences larger fluctuations and is considered to be riskier than UIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PMPIX	UIPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.84%	6.74%	+11.10%
Volatility (6M) Calculated over the trailing 6-month period	57.75%	23.24%	+34.51%
Volatility (1Y) Calculated over the trailing 1-year period	70.79%	31.27%	+39.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.18%	418.69%	-364.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.83%	297.54%	-244.71%

PMPIX vs. UIPIX - Expense Ratio Comparison

PMPIX has a 1.53% expense ratio, which is lower than UIPIX's 1.78% expense ratio.

Dividends

PMPIX vs. UIPIX - Dividend Comparison

PMPIX's dividend yield for the trailing twelve months is around 0.57%, less than UIPIX's 3.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
PMPIX ProFunds Precious Metals UltraSector Fund	0.57%	0.43%	1.89%	1.31%	0.00%	0.00%	0.00%	0.00%
UIPIX ProFunds UltraShort Mid Cap Fund	3.39%	2.60%	0.00%	4.74%	0.00%	0.00%	0.00%	0.48%

Frequently Asked Questions

Can I hold both PMPIX and UIPIX in my portfolio?

PMPIX and UIPIX have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PMPIX or UIPIX?

PMPIX has higher volatility (17.84%) compared to UIPIX (6.74%). In terms of maximum drawdown, PMPIX dropped -94.34% vs UIPIX's -99.84%.

Which has better risk-adjusted returns?

PMPIX currently has the higher Sharpe Ratio (0.74 vs -0.97), 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.