UCPIX vs. UOPIX
UCPIX (ProFunds UltraShort Small Cap Fund) and UOPIX (ProFunds UltraNASDAQ-100 Fund) are both mutual funds - UCPIX is a Inverse Equities fund managed by ProFunds, while UOPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, UCPIX returned -8.89%/yr vs 30.71%/yr for UOPIX. Their -0.76 correlation means they have often moved in opposite directions in the past. UCPIX charges 1.78%/yr vs 1.47%/yr for UOPIX.
Performance
UCPIX vs. UOPIX - 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 UOPIX's 17.10% return. Over the past 10 years, UCPIX has underperformed UOPIX with an annualized return of -8.89%, while UOPIX has yielded a comparatively higher 30.71% 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%
UOPIX
- 1D
- 6.68%
- 1M
- -8.94%
- 6M
- 15.04%
- YTD
- 17.10%
- 1Y
- 40.33%
- 3Y*
- 33.49%
- 5Y*
- 15.81%
- 10Y*
- 30.71%
- ALL TIME*
- 12.30%
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. UOPIX - 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% |
UOPIX ProFunds UltraNASDAQ-100 Fund | 17.10% | 30.26% | 41.75% | 115.97% | -60.70% | 48.28% | 86.57% | 80.53% | -9.41% | 68.58% |
Correlation
The correlation between UCPIX and UOPIX is -0.71, 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. | -0.71 |
Correlation (3Y) Balances recent behavior with more history. | -0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | -0.76 |
The correlation between UCPIX and UOPIX has been stable across timeframes, ranging from -0.76 to -0.66 - a consistent structural relationship.
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Return for Risk
UCPIX vs. UOPIX — Risk / Return Rank
UCPIX
UOPIX
UCPIX vs. UOPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Small Cap Fund (UCPIX) and ProFunds UltraNASDAQ-100 Fund (UOPIX). 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 | UOPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -3.10 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.17 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 1.34 | -2.23 |
| Martin ratioReturn relative to average drawdown | -1.35 | 4.02 | -5.38 |
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Drawdowns
UCPIX vs. UOPIX - Drawdown Comparison
The maximum UCPIX drawdown since its inception was -99.90%, roughly equal to the maximum UOPIX drawdown of -99.00%. Use the drawdown chart below to compare losses from any high point for UCPIX and UOPIX.
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Drawdown Indicators
| UCPIX | UOPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.90% | -99.00% | -0.90% |
Max Drawdown (1Y)Largest decline over 1 year | -50.68% | -24.97% | -25.71% |
Max Drawdown (3Y)Largest decline over 3 years | -68.91% | -42.52% | -26.39% |
Max Drawdown (5Y)Largest decline over 5 years | -68.91% | -65.01% | -3.90% |
Max Drawdown (10Y)Largest decline over 10 years | -92.98% | -65.01% | -27.97% |
Current DrawdownCurrent decline from peak | -99.46% | -17.77% | -81.69% |
Average DrawdownAverage peak-to-trough decline | -84.07% | -67.38% | -16.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.06% | 8.31% | +24.75% |
Volatility
UCPIX vs. UOPIX - Volatility Comparison
The current volatility for ProFunds UltraShort Small Cap Fund (UCPIX) is 7.68%, while ProFunds UltraNASDAQ-100 Fund (UOPIX) has a volatility of 13.71%. This indicates that UCPIX experiences smaller price fluctuations and is considered to be less risky than UOPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCPIX | UOPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | 13.71% | -6.03% |
Volatility (6M)Calculated over the trailing 6-month period | 28.39% | 31.99% | -3.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.81% | 38.71% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 400.22% | 46.10% | +354.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 284.69% | 44.56% | +240.13% |
UCPIX vs. UOPIX - Expense Ratio Comparison
UCPIX has a 1.78% expense ratio, which is higher than UOPIX's 1.47% expense ratio.
Dividends
UCPIX vs. UOPIX - Dividend Comparison
UCPIX's dividend yield for the trailing twelve months is around 6.66%, less than UOPIX's 15.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
UCPIX ProFunds UltraShort Small Cap Fund | 6.66% | 4.61% | 4.24% | 4.77% | 0.00% | 0.00% | 0.00% | 0.30% | 0.00% |
UOPIX ProFunds UltraNASDAQ-100 Fund | 15.60% | 18.27% | 0.41% | 0.00% | 5.64% | 11.03% | 9.78% | 5.78% | 6.73% |
Frequently Asked Questions
UCPIX and UOPIX have a correlation of -0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UOPIX has higher volatility (13.71%) compared to UCPIX (7.68%). In terms of maximum drawdown, UCPIX dropped -99.90% vs UOPIX's -99.00%.
UOPIX currently has the higher Sharpe Ratio (0.87 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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