UCPIX vs. ENPIX
UCPIX (ProFunds UltraShort Small Cap Fund) and ENPIX (ProFunds UltraSector Oil & Gas Fund) are both mutual funds - UCPIX is a Inverse Equities fund managed by ProFunds, while ENPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, UCPIX returned -8.89%/yr vs 7.88%/yr for ENPIX. Their -0.58 correlation means they have often moved in opposite directions in the past. UCPIX charges 1.78%/yr vs 1.51%/yr for ENPIX.
Performance
UCPIX vs. ENPIX - Performance Comparison
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Returns By Period
In the year-to-date period, UCPIX achieves a -30.70% return, which is significantly lower than ENPIX's 48.84% return. Over the past 10 years, UCPIX has underperformed ENPIX with an annualized return of -8.89%, while ENPIX has yielded a comparatively higher 7.88% annualized return.
UCPIX
- 1D
- -2.74%
- 1M
- 3.70%
- 6M
- -23.15%
- YTD
- -30.70%
- 1Y
- -47.89%
- 3Y*
- 58.79%
- 5Y*
- 29.06%
- 10Y*
- -8.89%
- ALL TIME*
- -20.06%
ENPIX
- 1D
- 0.83%
- 1M
- 15.87%
- 6M
- 22.86%
- YTD
- 48.84%
- 1Y
- 59.39%
- 3Y*
- 14.50%
- 5Y*
- 28.19%
- 10Y*
- 7.88%
- ALL TIME*
- 5.22%
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 |
UCPIX vs. ENPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UCPIX ProFunds UltraShort Small Cap Fund | -30.70% | -25.76% | 707.30% | -26.54% | 28.08% | -36.02% | -60.58% | -38.99% | 17.86% | -27.19% |
ENPIX ProFunds UltraSector Oil & Gas Fund | 48.84% | 4.99% | 2.30% | -7.46% | 92.17% | 82.32% | -53.71% | 10.35% | -30.54% | -5.59% |
Correlation
The correlation between UCPIX and ENPIX is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.02 |
Correlation (3Y) Balances recent behavior with more history. | -0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.39 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | -0.58 |
The correlation between UCPIX and ENPIX shifts across timeframes, from -0.58 (all time) to 0.02 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UCPIX vs. ENPIX — Risk / Return Rank
UCPIX
ENPIX
UCPIX vs. ENPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Small Cap Fund (UCPIX) and ProFunds UltraSector Oil & Gas Fund (ENPIX). 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.
| UCPIX | ENPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.87 | ||
| Sortino ratioReturn per unit of downside risk | -3.96 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.27 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 2.35 | -3.24 |
| Martin ratioReturn relative to average drawdown | -1.35 | 6.10 | -7.45 |
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Drawdowns
UCPIX vs. ENPIX - Drawdown Comparison
The maximum UCPIX drawdown since its inception was -99.90%, which is greater than ENPIX's maximum drawdown of -90.12%. Use the drawdown chart below to compare losses from any high point for UCPIX and ENPIX.
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Drawdown Indicators
| UCPIX | ENPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.90% | -90.12% | -9.78% |
Max Drawdown (1Y)Largest decline over 1 year | -50.68% | -23.01% | -27.67% |
Max Drawdown (3Y)Largest decline over 3 years | -68.91% | -32.27% | -36.64% |
Max Drawdown (5Y)Largest decline over 5 years | -68.91% | -36.48% | -32.43% |
Max Drawdown (10Y)Largest decline over 10 years | -92.98% | -84.54% | -8.44% |
Current DrawdownCurrent decline from peak | -99.46% | -9.70% | -89.76% |
Average DrawdownAverage peak-to-trough decline | -84.07% | -36.77% | -47.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.06% | 8.88% | +24.18% |
Volatility
UCPIX vs. ENPIX - Volatility Comparison
The current volatility for ProFunds UltraShort Small Cap Fund (UCPIX) is 7.68%, while ProFunds UltraSector Oil & Gas Fund (ENPIX) has a volatility of 9.02%. This indicates that UCPIX experiences smaller price fluctuations and is considered to be less risky than ENPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCPIX | ENPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | 9.02% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 28.39% | 25.12% | +3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.81% | 31.65% | +7.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 400.22% | 38.45% | +361.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 284.69% | 44.70% | +239.99% |
UCPIX vs. ENPIX - Expense Ratio Comparison
UCPIX has a 1.78% expense ratio, which is higher than ENPIX's 1.51% expense ratio.
Dividends
UCPIX vs. ENPIX - Dividend Comparison
UCPIX's dividend yield for the trailing twelve months is around 6.66%, more than ENPIX's 1.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENPIX ProFunds UltraSector Oil & Gas Fund | 1.86% | 2.76% | 3.19% | 0.87% | 2.76% | 1.59% | 1.76% | 1.34% | 1.76% | 0.84% | 0.57% | 0.56% |
UCPIX ProFunds UltraShort Small Cap Fund | 6.66% | 4.61% | 4.24% | 4.77% | 0.00% | 0.00% | 0.00% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UCPIX and ENPIX have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENPIX has higher volatility (9.02%) compared to UCPIX (7.68%). In terms of maximum drawdown, UCPIX dropped -99.90% vs ENPIX's -90.12%.
ENPIX currently has the higher Sharpe Ratio (1.71 vs -1.16), 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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