UAPIX vs. INPIX

Last updated Aug 1, 2026

UAPIX (ProFunds UltraSmall Cap Fund) and INPIX (ProFunds Internet UltraSector Fund) are both Leveraged Equities funds from ProFunds. Over the past 10 years, UAPIX returned 10.24%/yr vs 20.93%/yr for INPIX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. UAPIX charges 1.60%/yr vs 1.48%/yr for INPIX.

Performance

UAPIX vs. INPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds UltraSmall Cap Fund (UAPIX) and ProFunds Internet UltraSector Fund (INPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UAPIX achieves a 34.82% return, which is significantly higher than INPIX's -3.53% return. Over the past 10 years, UAPIX has underperformed INPIX with an annualized return of 10.24%, while INPIX has yielded a comparatively higher 20.93% annualized return.

UAPIX

• 1D: 2.73%
• 1M: -3.87%
• 6M: 22.23%
• YTD: 34.82%
• 1Y: 71.71%
• 3Y*: 18.45%
• 5Y*: 2.92%
• 10Y*: 10.24%
• ALL TIME*: 4.82%

INPIX

• 1D: 0.12%
• 1M: 0.08%
• 6M: 1.58%
• YTD: -3.53%
• 1Y: -2.82%
• 3Y*: 17.73%
• 5Y*: -4.23%
• 10Y*: 20.93%
• ALL TIME*: 13.24%

*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)
INPIX ProFunds Internet UltraSector Fund	$0.00	$0.00	$0.00
UAPIX ProFunds UltraSmall Cap Fund	$0.00	$0.00	$0.00

UAPIX vs. INPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UAPIX ProFunds UltraSmall Cap Fund	34.82%	12.77%	10.42%	22.26%	-43.78%	23.06%	13.86%	46.81%	-26.88%	24.36%
INPIX ProFunds Internet UltraSector Fund	-3.53%	9.88%	41.50%	76.21%	-63.24%	-1.09%	254.85%	25.95%	4.78%	44.61%

Correlation

The correlation between UAPIX and INPIX is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.51
Correlation (3Y) Balances recent behavior with more history.	0.62
Correlation (5Y) Shows whether the relationship held over a longer period.	0.71
Correlation (10Y) Provides a long-term view across more market conditions.	0.68
Correlation (All Time) Calculated using the full available price history since Jun 19, 2000	0.76

Over the past year, the correlation between UAPIX and INPIX has dropped to 0.51 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

Return for Risk

UAPIX vs. INPIX — Risk / Return Rank

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

UAPIX

UAPIX Risk / Return Rank: 67
UAPIX Sharpe Ratio Rank: 64
UAPIX Sortino Ratio Rank: 61
UAPIX Omega Ratio Rank: 51
UAPIX Calmar Ratio Rank: 82
UAPIX Martin Ratio Rank: 76

INPIX

INPIX Risk / Return Rank: 3
INPIX Sharpe Ratio Rank: 3
INPIX Sortino Ratio Rank: 3
INPIX Omega Ratio Rank: 3
INPIX Calmar Ratio Rank: 3
INPIX Martin Ratio Rank: 3

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.

UAPIX vs. INPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraSmall Cap Fund (UAPIX) and ProFunds Internet UltraSector Fund (INPIX). 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.

	UAPIX	INPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	-0.20	+1.80
Sortino ratio: Return per unit of downside risk	2.22	-0.07	+2.29
Omega ratio: Gain probability vs. loss probability	1.26	0.99	+0.27
Calmar ratio: Return relative to maximum drawdown	2.77	-0.19	+2.96
Martin ratio: Return relative to average drawdown	9.45	-0.42	+9.87

UAPIX vs. INPIX - Sharpe Ratio Comparison

The current UAPIX Sharpe Ratio is 1.60, which is higher than the INPIX Sharpe Ratio of -0.20. The chart below compares the historical Sharpe Ratios of UAPIX and INPIX, 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

UAPIX vs. INPIX - Drawdown Comparison

The maximum UAPIX drawdown since its inception was -88.51%, smaller than the maximum INPIX drawdown of -95.64%. Use the drawdown chart below to compare losses from any high point for UAPIX and INPIX.

Drawdown Indicators

	UAPIX	INPIX	Difference
Max Drawdown Largest peak-to-trough decline	-88.51%	-95.64%	+7.13%
Max Drawdown (1Y) Largest decline over 1 year	-22.32%	-32.04%	+9.72%
Max Drawdown (3Y) Largest decline over 3 years	-49.86%	-35.68%	-14.18%
Max Drawdown (5Y) Largest decline over 5 years	-61.82%	-73.41%	+11.59%
Max Drawdown (10Y) Largest decline over 10 years	-72.18%	-73.41%	+1.23%
Current Drawdown Current decline from peak	-5.70%	-24.25%	+18.55%
Average Drawdown Average peak-to-trough decline	-35.85%	-46.09%	+10.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.55%	14.34%	-7.79%

Volatility

UAPIX vs. INPIX - Volatility Comparison

The current volatility for ProFunds UltraSmall Cap Fund (UAPIX) is 7.64%, while ProFunds Internet UltraSector Fund (INPIX) has a volatility of 8.42%. This indicates that UAPIX experiences smaller price fluctuations and is considered to be less risky than INPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UAPIX	INPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.64%	8.42%	-0.78%
Volatility (6M) Calculated over the trailing 6-month period	28.21%	24.11%	+4.10%
Volatility (1Y) Calculated over the trailing 1-year period	38.79%	30.46%	+8.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.08%	41.28%	+3.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.46%	49.73%	-3.27%

UAPIX vs. INPIX - Expense Ratio Comparison

UAPIX has a 1.60% expense ratio, which is higher than INPIX's 1.48% expense ratio.

Dividends

UAPIX vs. INPIX - Dividend Comparison

UAPIX's dividend yield for the trailing twelve months is around 0.35%, while INPIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INPIX ProFunds Internet UltraSector Fund	0.00%	0.00%	0.00%	0.00%	0.00%	9.45%	21.43%	0.13%	0.00%	0.00%	0.18%	6.69%
UAPIX ProFunds UltraSmall Cap Fund	0.35%	0.47%	1.06%	0.73%	0.00%	0.00%	0.00%	0.00%	0.13%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UAPIX and INPIX in my portfolio?

UAPIX and INPIX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UAPIX or INPIX?

INPIX has higher volatility (8.42%) compared to UAPIX (7.64%). In terms of maximum drawdown, UAPIX dropped -88.51% vs INPIX's -95.64%.

Which has better risk-adjusted returns?

UAPIX currently has the higher Sharpe Ratio (1.60 vs -0.20), 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.