REPIX vs. USPIX

Last updated Jun 25, 2026

REPIX (ProFunds Real Estate UltraSector Fund) and USPIX (ProFunds UltraShort NASDAQ-100 Fund) are both mutual funds - REPIX is a Leveraged Equities fund managed by ProFunds, while USPIX is a Inverse Equities fund managed by ProFunds. Over the past 10 years, REPIX returned 3.77%/yr vs -40.20%/yr for USPIX. At a correlation of -0.52, they often move in opposite directions. REPIX charges 1.55%/yr vs 1.68%/yr for USPIX.

Performance

REPIX vs. USPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds Real Estate UltraSector Fund (REPIX) and ProFunds UltraShort NASDAQ-100 Fund (USPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, REPIX achieves a 15.57% return, which is significantly higher than USPIX's -27.80% return. Over the past 10 years, REPIX has outperformed USPIX with an annualized return of 3.77%, while USPIX has yielded a comparatively lower -40.20% annualized return.

REPIX

• 1D: 2.02%
• 1M: 0.96%
• YTD: 15.57%
• 6M: 15.04%
• 1Y: 7.66%
• 3Y*: 10.14%
• 5Y*: -1.12%
• 10Y*: 3.77%

USPIX

• 1D: 6.59%
• 1M: -0.69%
• YTD: -27.80%
• 6M: -25.33%
• 1Y: -43.25%
• 3Y*: -38.54%
• 5Y*: -31.94%
• 10Y*: -40.20%

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

REPIX vs. USPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
REPIX ProFunds Real Estate UltraSector Fund	15.57%	-1.98%	0.89%	10.34%	-38.59%	59.56%	-15.75%	41.02%	-9.97%	11.32%
USPIX ProFunds UltraShort NASDAQ-100 Fund	-27.80%	-35.26%	-38.20%	-57.06%	61.80%	-46.20%	-70.91%	-50.15%	-9.56%	-44.56%

Correlation

The correlation between REPIX and USPIX is -0.07, 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	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	-0.26
Correlation (5Y) Calculated over the trailing 5-year period	-0.43
Correlation (10Y) Calculated over the trailing 10-year period	-0.42
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001	-0.52

Over the past year, the inverse relationship between REPIX and USPIX has weakened: their correlation has moved from -0.52 to -0.07, meaning they move in opposite directions less often than they have historically.

Return for Risk

REPIX vs. USPIX — Risk / Return Rank

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

REPIX

REPIX Risk / Return Rank: 7
REPIX Sharpe Ratio Rank: 6
REPIX Sortino Ratio Rank: 6
REPIX Omega Ratio Rank: 6
REPIX Calmar Ratio Rank: 8
REPIX Martin Ratio Rank: 7

USPIX

USPIX Risk / Return Rank: 0
USPIX Sharpe Ratio Rank: 0
USPIX Sortino Ratio Rank: 0
USPIX Omega Ratio Rank: 0
USPIX Calmar Ratio Rank: 0
USPIX 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.

REPIX vs. USPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Real Estate UltraSector Fund (REPIX) 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.

	REPIX	USPIX	Difference
Sharpe ratio: Return per unit of total volatility	0.39	-1.25	+1.65
Sortino ratio: Return per unit of downside risk	0.67	-2.05	+2.72
Omega ratio: Gain probability vs. loss probability	1.08	0.78	+0.30
Calmar ratio: Return relative to maximum drawdown	0.66	-0.95	+1.61
Martin ratio: Return relative to average drawdown	1.60	-1.90	+3.50

REPIX vs. USPIX - Sharpe Ratio Comparison

The current REPIX Sharpe Ratio is 0.39, which is higher than the USPIX Sharpe Ratio of -1.25. The chart below compares the historical Sharpe Ratios of REPIX and USPIX, 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

REPIX vs. USPIX - Drawdown Comparison

The maximum REPIX drawdown since its inception was -91.23%, smaller than the maximum USPIX drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for REPIX and USPIX.

Drawdown Indicators

	REPIX	USPIX	Difference
Max Drawdown Largest peak-to-trough decline	-91.23%	-100.00%	+8.77%
Max Drawdown (1Y) Largest decline over 1 year	-12.68%	-47.13%	+34.45%
Max Drawdown (3Y) Largest decline over 3 years	-25.96%	-80.96%	+55.00%
Max Drawdown (5Y) Largest decline over 5 years	-51.35%	-89.53%	+38.18%
Max Drawdown (10Y) Largest decline over 10 years	-58.17%	-99.48%	+41.31%
Current Drawdown Current decline from peak	-22.56%	-100.00%	+77.44%
Average Drawdown Average peak-to-trough decline	-32.28%	-96.43%	+64.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.23%	25.69%	-20.46%

Volatility

REPIX vs. USPIX - Volatility Comparison

The current volatility for ProFunds Real Estate UltraSector Fund (REPIX) is 8.10%, while ProFunds UltraShort NASDAQ-100 Fund (USPIX) has a volatility of 17.82%. This indicates that REPIX 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.

Volatility by Period

	REPIX	USPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.10%	17.82%	-9.72%
Volatility (6M) Calculated over the trailing 6-month period	16.12%	29.00%	-12.88%
Volatility (1Y) Calculated over the trailing 1-year period	21.45%	35.99%	-14.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.35%	45.76%	-17.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.69%	44.59%	-13.90%

REPIX vs. USPIX - Expense Ratio Comparison

REPIX has a 1.55% expense ratio, which is lower than USPIX's 1.68% expense ratio.

Dividends

REPIX vs. USPIX - Dividend Comparison

REPIX's dividend yield for the trailing twelve months is around 1.01%, less than USPIX's 3.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
REPIX ProFunds Real Estate UltraSector Fund	1.01%	1.23%	1.98%	1.43%	3.31%	12.77%	0.89%	2.57%	1.28%	0.00%	3.66%	0.17%
USPIX ProFunds UltraShort NASDAQ-100 Fund	3.75%	2.71%	0.00%	5.92%	0.00%	0.00%	0.07%	0.36%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both REPIX and USPIX in my portfolio?

REPIX and USPIX have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, REPIX or USPIX?

USPIX has higher volatility (17.82%) compared to REPIX (8.10%). In terms of maximum drawdown, REPIX dropped -91.23% vs USPIX's -100.00%.

Which has better risk-adjusted returns?

REPIX currently has the higher Sharpe Ratio (0.39 vs -1.25), 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.