UAPIX vs. UUPIX
UAPIX (ProFunds UltraSmall Cap Fund) and UUPIX (ProFunds UltraEmerging Markets Fund) are both Leveraged Equities funds from ProFunds. Over the past 10 years, UAPIX returned 10.24%/yr vs 8.04%/yr for UUPIX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. UAPIX charges 1.60%/yr vs 1.92%/yr for UUPIX.
Performance
UAPIX vs. UUPIX - 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 UUPIX's 0.59% return. Over the past 10 years, UAPIX has outperformed UUPIX with an annualized return of 10.24%, while UUPIX has yielded a comparatively lower 8.04% 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%
UUPIX
- 1D
- 6.74%
- 1M
- 3.40%
- 6M
- -11.57%
- YTD
- 0.59%
- 1Y
- 29.98%
- 3Y*
- 19.80%
- 5Y*
- 1.26%
- 10Y*
- 8.04%
- ALL TIME*
- 5.66%
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. UUPIX - 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% |
UUPIX ProFunds UltraEmerging Markets Fund | 0.59% | 70.53% | 6.99% | 22.60% | -37.35% | -36.21% | 43.24% | 46.76% | -31.83% | 75.03% |
Correlation
The correlation between UAPIX and UUPIX is 0.61, 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. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2006 | 0.68 |
The correlation between UAPIX and UUPIX has been stable across timeframes, ranging from 0.58 to 0.68 - a consistent structural relationship.
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Return for Risk
UAPIX vs. UUPIX — Risk / Return Rank
UAPIX
UUPIX
UAPIX vs. UUPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraSmall Cap Fund (UAPIX) and ProFunds UltraEmerging Markets Fund (UUPIX). 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 | UUPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.13 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 0.89 | +1.89 |
| Martin ratioReturn relative to average drawdown | 9.45 | 2.06 | +7.39 |
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Drawdowns
UAPIX vs. UUPIX - Drawdown Comparison
The maximum UAPIX drawdown since its inception was -88.51%, smaller than the maximum UUPIX drawdown of -93.82%. Use the drawdown chart below to compare losses from any high point for UAPIX and UUPIX.
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Drawdown Indicators
| UAPIX | UUPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.51% | -93.82% | +5.31% |
Max Drawdown (1Y)Largest decline over 1 year | -22.32% | -29.91% | +7.59% |
Max Drawdown (3Y)Largest decline over 3 years | -49.86% | -37.01% | -12.85% |
Max Drawdown (5Y)Largest decline over 5 years | -61.82% | -65.65% | +3.83% |
Max Drawdown (10Y)Largest decline over 10 years | -72.18% | -78.32% | +6.14% |
Current DrawdownCurrent decline from peak | -5.70% | -74.95% | +69.25% |
Average DrawdownAverage peak-to-trough decline | -35.85% | -75.92% | +40.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.55% | 12.89% | -6.34% |
Volatility
UAPIX vs. UUPIX - Volatility Comparison
The current volatility for ProFunds UltraSmall Cap Fund (UAPIX) is 7.64%, while ProFunds UltraEmerging Markets Fund (UUPIX) has a volatility of 13.03%. This indicates that UAPIX experiences smaller price fluctuations and is considered to be less risky than UUPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UAPIX | UUPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.64% | 13.03% | -5.39% |
Volatility (6M)Calculated over the trailing 6-month period | 28.21% | 35.68% | -7.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.79% | 44.39% | -5.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.08% | 48.18% | -3.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.46% | 46.50% | -0.04% |
UAPIX vs. UUPIX - Expense Ratio Comparison
UAPIX has a 1.60% expense ratio, which is lower than UUPIX's 1.92% expense ratio.
Dividends
UAPIX vs. UUPIX - Dividend Comparison
UAPIX's dividend yield for the trailing twelve months is around 0.35%, less than UUPIX's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
UUPIX ProFunds UltraEmerging Markets Fund | 2.53% | 2.54% | 1.65% | 1.77% | 1.05% | 0.00% | 0.00% | 0.00% | 0.64% | 0.16% |
Frequently Asked Questions
UAPIX and UUPIX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UUPIX has higher volatility (13.03%) compared to UAPIX (7.64%). In terms of maximum drawdown, UAPIX dropped -88.51% vs UUPIX's -93.82%.
UAPIX currently has the higher Sharpe Ratio (1.60 vs 0.60), 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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