UAPIX vs. URPIX
UAPIX (ProFunds UltraSmall Cap Fund) and URPIX (ProFunds UltraBear Fund) are both mutual funds - UAPIX is a Leveraged Equities fund managed by ProFunds, while URPIX is a Inverse Equities fund managed by ProFunds. Over the past 10 years, UAPIX returned 10.24%/yr vs -27.91%/yr for URPIX. Their -0.85 correlation means they have often moved in opposite directions in the past. UAPIX charges 1.60%/yr vs 1.78%/yr for URPIX.
Performance
UAPIX vs. URPIX - Performance Comparison
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Returns By Period
In the year-to-date period, UAPIX achieves a 34.82% return, which is significantly higher than URPIX's -14.33% return. Over the past 10 years, UAPIX has outperformed URPIX with an annualized return of 10.24%, while URPIX has yielded a comparatively lower -27.91% 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%
URPIX
- 1D
- -3.30%
- 1M
- 1.48%
- 6M
- -12.25%
- YTD
- -14.33%
- 1Y
- -27.37%
- 3Y*
- -26.35%
- 5Y*
- -21.21%
- 10Y*
- -27.91%
- ALL TIME*
- -21.43%
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 |
UAPIX vs. URPIX - 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% |
URPIX ProFunds UltraBear Fund | -14.33% | -27.06% | -32.89% | -31.77% | 29.74% | -43.61% | -51.10% | -42.03% | 4.20% | -32.58% |
Correlation
The correlation between UAPIX and URPIX is -0.79, 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. | -0.79 |
Correlation (3Y) Balances recent behavior with more history. | -0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2000 | -0.85 |
The correlation between UAPIX and URPIX has been stable across timeframes, ranging from -0.85 to -0.78 - a consistent structural relationship.
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Return for Risk
UAPIX vs. URPIX — Risk / Return Rank
UAPIX
URPIX
UAPIX vs. URPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraSmall Cap Fund (UAPIX) and ProFunds UltraBear Fund (URPIX). 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 | URPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.55 | ||
| Sortino ratioReturn per unit of downside risk | +3.57 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.85 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | -0.80 | +3.57 |
| Martin ratioReturn relative to average drawdown | 9.45 | -1.35 | +10.80 |
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Drawdowns
UAPIX vs. URPIX - Drawdown Comparison
The maximum UAPIX drawdown since its inception was -88.51%, smaller than the maximum URPIX drawdown of -99.92%. Use the drawdown chart below to compare losses from any high point for UAPIX and URPIX.
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Drawdown Indicators
| UAPIX | URPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.51% | -99.92% | +11.41% |
Max Drawdown (1Y)Largest decline over 1 year | -22.32% | -30.79% | +8.47% |
Max Drawdown (3Y)Largest decline over 3 years | -49.86% | -69.89% | +20.03% |
Max Drawdown (5Y)Largest decline over 5 years | -61.82% | -76.97% | +15.15% |
Max Drawdown (10Y)Largest decline over 10 years | -72.18% | -96.59% | +24.41% |
Current DrawdownCurrent decline from peak | -5.70% | -99.92% | +94.22% |
Average DrawdownAverage peak-to-trough decline | -35.85% | -79.17% | +43.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.55% | 18.19% | -11.64% |
Volatility
UAPIX vs. URPIX - Volatility Comparison
ProFunds UltraSmall Cap Fund (UAPIX) has a higher volatility of 7.64% compared to ProFunds UltraBear Fund (URPIX) at 6.82%. This indicates that UAPIX's price experiences larger fluctuations and is considered to be riskier than URPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UAPIX | URPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.64% | 6.82% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 28.21% | 20.27% | +7.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.79% | 25.76% | +13.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.08% | 34.06% | +11.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.46% | 35.62% | +10.84% |
UAPIX vs. URPIX - Expense Ratio Comparison
UAPIX has a 1.60% expense ratio, which is lower than URPIX's 1.78% expense ratio.
Dividends
UAPIX vs. URPIX - Dividend Comparison
UAPIX's dividend yield for the trailing twelve months is around 0.35%, less than URPIX's 3.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
UAPIX ProFunds UltraSmall Cap Fund | 0.35% | 0.47% | 1.06% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.13% |
URPIX ProFunds UltraBear Fund | 3.18% | 2.73% | 0.00% | 3.02% | 0.00% | 0.00% | 0.47% | 0.00% | 0.00% |
Frequently Asked Questions
UAPIX and URPIX have a correlation of -0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UAPIX has higher volatility (7.64%) compared to URPIX (6.82%). In terms of maximum drawdown, UAPIX dropped -88.51% vs URPIX's -99.92%.
UAPIX currently has the higher Sharpe Ratio (1.60 vs -0.95), 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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