UCPIX vs. PMPIX
UCPIX (ProFunds UltraShort Small Cap Fund) and PMPIX (ProFunds Precious Metals UltraSector Fund) are both mutual funds - UCPIX is a Inverse Equities fund managed by ProFunds, while PMPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, UCPIX returned -8.89%/yr vs 7.77%/yr for PMPIX. Their -0.29 correlation means they have often moved in opposite directions in the past. UCPIX charges 1.78%/yr vs 1.53%/yr for PMPIX.
Performance
UCPIX vs. PMPIX - 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 PMPIX's -20.67% return. Over the past 10 years, UCPIX has underperformed PMPIX with an annualized return of -8.89%, while PMPIX has yielded a comparatively higher 7.77% 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%
PMPIX
- 1D
- 6.15%
- 1M
- -5.44%
- 6M
- -31.32%
- YTD
- -20.67%
- 1Y
- 56.76%
- 3Y*
- 43.85%
- 5Y*
- 16.44%
- 10Y*
- 7.77%
- ALL TIME*
- 6.73%
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. PMPIX - 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% |
PMPIX ProFunds Precious Metals UltraSector Fund | -20.67% | 273.51% | 5.35% | -1.78% | -20.47% | -14.71% | 28.27% | 72.99% | -21.10% | 6.55% |
Correlation
The correlation between UCPIX and PMPIX is -0.44, 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. | -0.44 |
Correlation (3Y) Balances recent behavior with more history. | -0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.31 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | -0.29 |
The correlation between UCPIX and PMPIX shifts across timeframes, from -0.44 (1 year) to -0.20 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
UCPIX vs. PMPIX — Risk / Return Rank
UCPIX
PMPIX
UCPIX vs. PMPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Small Cap Fund (UCPIX) and ProFunds Precious Metals UltraSector Fund (PMPIX). 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 | PMPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.19 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 1.11 | -1.99 |
| Martin ratioReturn relative to average drawdown | -1.35 | 2.37 | -3.73 |
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Drawdowns
UCPIX vs. PMPIX - Drawdown Comparison
The maximum UCPIX drawdown since its inception was -99.90%, which is greater than PMPIX's maximum drawdown of -94.34%. Use the drawdown chart below to compare losses from any high point for UCPIX and PMPIX.
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Drawdown Indicators
| UCPIX | PMPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.90% | -94.34% | -5.56% |
Max Drawdown (1Y)Largest decline over 1 year | -50.68% | -54.48% | +3.80% |
Max Drawdown (3Y)Largest decline over 3 years | -68.91% | -54.48% | -14.43% |
Max Drawdown (5Y)Largest decline over 5 years | -68.91% | -61.05% | -7.86% |
Max Drawdown (10Y)Largest decline over 10 years | -92.98% | -65.94% | -27.04% |
Current DrawdownCurrent decline from peak | -99.46% | -54.27% | -45.19% |
Average DrawdownAverage peak-to-trough decline | -84.07% | -59.64% | -24.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.06% | 25.36% | +7.70% |
Volatility
UCPIX vs. PMPIX - Volatility Comparison
The current volatility for ProFunds UltraShort Small Cap Fund (UCPIX) is 7.68%, while ProFunds Precious Metals UltraSector Fund (PMPIX) has a volatility of 17.17%. This indicates that UCPIX experiences smaller price fluctuations and is considered to be less risky than PMPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCPIX | PMPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | 17.17% | -9.49% |
Volatility (6M)Calculated over the trailing 6-month period | 28.39% | 57.83% | -29.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.81% | 70.75% | -31.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 400.22% | 54.16% | +346.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 284.69% | 52.81% | +231.88% |
UCPIX vs. PMPIX - Expense Ratio Comparison
UCPIX has a 1.78% expense ratio, which is higher than PMPIX's 1.53% expense ratio.
Dividends
UCPIX vs. PMPIX - Dividend Comparison
UCPIX's dividend yield for the trailing twelve months is around 6.66%, more than PMPIX's 0.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
PMPIX ProFunds Precious Metals UltraSector Fund | 0.54% | 0.43% | 1.89% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% |
UCPIX ProFunds UltraShort Small Cap Fund | 6.66% | 4.61% | 4.24% | 4.77% | 0.00% | 0.00% | 0.00% | 0.30% |
Frequently Asked Questions
UCPIX and PMPIX have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMPIX has higher volatility (17.17%) compared to UCPIX (7.68%). In terms of maximum drawdown, UCPIX dropped -99.90% vs PMPIX's -94.34%.
PMPIX currently has the higher Sharpe Ratio (0.85 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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