SOPIX vs. USPIX
Compare and contrast key facts about ProFunds Short NASDAQ-100 Fund (SOPIX) and ProFunds UltraShort NASDAQ-100 Fund (USPIX).
SOPIX is managed by ProFunds. It was launched on Apr 30, 2002. USPIX is managed by ProFunds. It was launched on Jun 1, 1998.
Performance
SOPIX vs. USPIX - Performance Comparison
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SOPIX vs. USPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOPIX ProFunds Short NASDAQ-100 Fund | 10.52% | -15.80% | -23.82% | -31.85% | 34.73% | -25.69% | -42.92% | -28.29% | -3.07% | -25.24% |
USPIX ProFunds UltraShort NASDAQ-100 Fund | 20.94% | -35.26% | -38.20% | -57.06% | 61.80% | -46.20% | -96.36% | -50.15% | -9.56% | -44.56% |
Returns By Period
In the year-to-date period, SOPIX achieves a 10.52% return, which is significantly lower than USPIX's 20.94% return. Over the past 10 years, SOPIX has outperformed USPIX with an annualized return of -18.48%, while USPIX has yielded a comparatively lower -56.07% annualized return.
SOPIX
- 1D
- 0.80%
- 1M
- 8.80%
- YTD
- 10.52%
- 6M
- 8.77%
- 1Y
- -14.65%
- 3Y*
- -16.68%
- 5Y*
- -12.90%
- 10Y*
- -18.48%
USPIX
- 1D
- 1.64%
- 1M
- 17.98%
- YTD
- 20.94%
- 6M
- 15.43%
- 1Y
- -33.37%
- 3Y*
- -32.54%
- 5Y*
- -27.66%
- 10Y*
- -56.07%
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SOPIX vs. USPIX - Expense Ratio Comparison
SOPIX has a 1.78% expense ratio, which is higher than USPIX's 1.68% expense ratio.
Return for Risk
SOPIX vs. USPIX — Risk / Return Rank
SOPIX
USPIX
SOPIX vs. USPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Short NASDAQ-100 Fund (SOPIX) 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.
| SOPIX | USPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.59 | -0.75 | +0.16 |
Sortino ratioReturn per unit of downside risk | -0.69 | -0.89 | +0.20 |
Omega ratioGain probability vs. loss probability | 0.90 | 0.87 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | -0.36 | -0.51 | +0.14 |
Martin ratioReturn relative to average drawdown | -0.45 | -0.61 | +0.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SOPIX | USPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.59 | -0.75 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.55 | -0.62 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.83 | -0.97 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.77 | -0.71 | -0.06 |
Correlation
The correlation between SOPIX and USPIX is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SOPIX vs. USPIX - Dividend Comparison
SOPIX's dividend yield for the trailing twelve months is around 1.94%, less than USPIX's 2.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SOPIX ProFunds Short NASDAQ-100 Fund | 1.94% | 2.14% | 0.00% | 6.71% | 0.00% | 0.00% | 0.00% | 0.29% |
USPIX ProFunds UltraShort NASDAQ-100 Fund | 2.24% | 2.71% | 0.00% | 5.92% | 0.00% | 0.00% | 0.07% | 0.36% |
Drawdowns
SOPIX vs. USPIX - Drawdown Comparison
The maximum SOPIX drawdown since its inception was -98.92%, roughly equal to the maximum USPIX drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SOPIX and USPIX.
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Drawdown Indicators
| SOPIX | USPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.92% | -100.00% | +1.08% |
Max Drawdown (1Y)Largest decline over 1 year | -33.92% | -58.80% | +24.88% |
Max Drawdown (5Y)Largest decline over 5 years | -59.43% | -85.38% | +25.95% |
Max Drawdown (10Y)Largest decline over 10 years | -89.41% | -99.98% | +10.57% |
Current DrawdownCurrent decline from peak | -98.76% | -100.00% | +1.24% |
Average DrawdownAverage peak-to-trough decline | -75.96% | -96.42% | +20.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.20% | 49.18% | -21.98% |
Volatility
SOPIX vs. USPIX - Volatility Comparison
The current volatility for ProFunds Short NASDAQ-100 Fund (SOPIX) is 5.28%, while ProFunds UltraShort NASDAQ-100 Fund (USPIX) has a volatility of 10.54%. This indicates that SOPIX 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.
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Volatility by Period
| SOPIX | USPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.28% | 10.54% | -5.26% |
Volatility (6M)Calculated over the trailing 6-month period | 12.29% | 24.61% | -12.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.87% | 44.88% | -20.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.36% | 45.13% | -21.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.42% | 57.96% | -35.54% |