UCPIX vs. UXPIX
UCPIX (ProFunds UltraShort Small Cap Fund) and UXPIX (ProFunds Ultra Short International Fund) are both Inverse Equities funds from ProFunds. Over the past 10 years, UCPIX returned -8.89%/yr vs -20.37%/yr for UXPIX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. Both charge a 1.78% expense ratio.
Performance
UCPIX vs. UXPIX - 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 UXPIX's -21.75% return. Over the past 10 years, UCPIX has outperformed UXPIX with an annualized return of -8.89%, while UXPIX has yielded a comparatively lower -20.37% 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%
UXPIX
- 1D
- -5.68%
- 1M
- -3.26%
- 6M
- -14.24%
- YTD
- -21.75%
- 1Y
- -36.06%
- 3Y*
- -23.23%
- 5Y*
- -16.79%
- 10Y*
- -20.37%
- ALL TIME*
- -11.96%
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. UXPIX - 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% |
UXPIX ProFunds Ultra Short International Fund | -21.75% | -40.68% | -0.70% | -23.81% | 19.33% | -25.44% | -36.55% | -33.25% | 29.63% | -37.30% |
Correlation
The correlation between UCPIX and UXPIX is 0.71, 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. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2006 | 0.74 |
The correlation between UCPIX and UXPIX has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.
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Return for Risk
UCPIX vs. UXPIX — Risk / Return Rank
UCPIX
UXPIX
UCPIX vs. UXPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Small Cap Fund (UCPIX) and ProFunds Ultra Short International Fund (UXPIX). 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 | UXPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.83 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | -0.95 | +0.07 |
| Martin ratioReturn relative to average drawdown | -1.35 | -1.49 | +0.13 |
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Drawdowns
UCPIX vs. UXPIX - Drawdown Comparison
The maximum UCPIX drawdown since its inception was -99.90%, roughly equal to the maximum UXPIX drawdown of -99.50%. Use the drawdown chart below to compare losses from any high point for UCPIX and UXPIX.
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Drawdown Indicators
| UCPIX | UXPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.90% | -99.50% | -0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -50.68% | -36.06% | -14.62% |
Max Drawdown (3Y)Largest decline over 3 years | -68.91% | -65.28% | -3.63% |
Max Drawdown (5Y)Largest decline over 5 years | -68.91% | -75.70% | +6.79% |
Max Drawdown (10Y)Largest decline over 10 years | -92.98% | -90.09% | -2.89% |
Current DrawdownCurrent decline from peak | -99.46% | -99.50% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -84.07% | -82.61% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.06% | 23.06% | +10.00% |
Volatility
UCPIX vs. UXPIX - Volatility Comparison
The current volatility for ProFunds UltraShort Small Cap Fund (UCPIX) is 7.68%, while ProFunds Ultra Short International Fund (UXPIX) has a volatility of 9.79%. This indicates that UCPIX experiences smaller price fluctuations and is considered to be less risky than UXPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCPIX | UXPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | 9.79% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 28.39% | 28.16% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.81% | 32.26% | +6.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 400.22% | 33.95% | +366.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 284.69% | 35.00% | +249.69% |
UCPIX vs. UXPIX - Expense Ratio Comparison
Both UCPIX and UXPIX have an expense ratio of 1.78%.
Dividends
UCPIX vs. UXPIX - Dividend Comparison
UCPIX's dividend yield for the trailing twelve months is around 6.66%, more than UXPIX's 4.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
UCPIX ProFunds UltraShort Small Cap Fund | 6.66% | 4.61% | 4.24% | 4.77% | 0.00% | 0.00% | 0.00% | 0.30% |
UXPIX ProFunds Ultra Short International Fund | 4.22% | 3.30% | 0.00% | 3.97% | 0.00% | 0.00% | 0.00% | 0.90% |
Frequently Asked Questions
UCPIX and UXPIX 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.
UXPIX has higher volatility (9.79%) compared to UCPIX (7.68%). In terms of maximum drawdown, UCPIX dropped -99.90% vs UXPIX's -99.50%.
UXPIX currently has the higher Sharpe Ratio (-1.07 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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