UDPIX vs. ULPIX
UDPIX (ProFunds Ultra Dow 30 ProFund) and ULPIX (ProFunds UltraBull Fund) are both Leveraged Equities funds from ProFunds. Over the past 10 years, UDPIX returned 21.76%/yr vs 22.85%/yr for ULPIX. Their correlation of 0.93 suggests significant overlap in exposure. UDPIX charges 1.54%/yr vs 1.46%/yr for ULPIX.
Performance
UDPIX vs. ULPIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with UDPIX having a 12.95% return and ULPIX slightly lower at 12.68%. Over the past 10 years, UDPIX has underperformed ULPIX with an annualized return of 21.76%, while ULPIX has yielded a comparatively higher 22.85% annualized return.
UDPIX
- 1D
- -0.19%
- 1M
- 4.01%
- YTD
- 12.95%
- 6M
- 9.76%
- 1Y
- 37.33%
- 3Y*
- 25.02%
- 5Y*
- 14.15%
- 10Y*
- 21.76%
ULPIX
- 1D
- -2.88%
- 1M
- -3.39%
- YTD
- 12.68%
- 6M
- 9.80%
- 1Y
- 38.57%
- 3Y*
- 31.58%
- 5Y*
- 16.50%
- 10Y*
- 22.85%
UDPIX vs. ULPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UDPIX ProFunds Ultra Dow 30 ProFund | 12.95% | 19.96% | 18.13% | 23.94% | -19.89% | 52.21% | 15.74% | 47.47% | -13.82% | 54.86% |
ULPIX ProFunds UltraBull Fund | 12.68% | 25.47% | 38.03% | 45.59% | -39.16% | 59.28% | 19.12% | 62.17% | -15.02% | 42.77% |
Correlation
The correlation between UDPIX and ULPIX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since May 31, 2002 | 0.93 |
The correlation between UDPIX and ULPIX shifts across timeframes, from 0.81 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UDPIX vs. ULPIX — Risk / Return Rank
UDPIX
ULPIX
UDPIX vs. ULPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Ultra Dow 30 ProFund (UDPIX) and ProFunds UltraBull Fund (ULPIX). 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.
| UDPIX | ULPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 2.29 | -0.18 |
| Martin ratioReturn relative to average drawdown | 7.69 | 9.69 | -2.00 |
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Drawdowns
UDPIX vs. ULPIX - Drawdown Comparison
The maximum UDPIX drawdown since its inception was -81.97%, smaller than the maximum ULPIX drawdown of -89.68%. Use the drawdown chart below to compare losses from any high point for UDPIX and ULPIX.
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Drawdown Indicators
| UDPIX | ULPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.97% | -89.68% | +7.71% |
Max Drawdown (1Y)Largest decline over 1 year | -19.37% | -18.30% | -1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -33.41% | -36.59% | +3.18% |
Max Drawdown (5Y)Largest decline over 5 years | -40.44% | -46.92% | +6.48% |
Max Drawdown (10Y)Largest decline over 10 years | -63.40% | -59.41% | -3.99% |
Current DrawdownCurrent decline from peak | -1.41% | -6.70% | +5.29% |
Average DrawdownAverage peak-to-trough decline | -17.53% | -33.77% | +16.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.29% | 4.31% | +0.98% |
Volatility
UDPIX vs. ULPIX - Volatility Comparison
The current volatility for ProFunds Ultra Dow 30 ProFund (UDPIX) is 8.47%, while ProFunds UltraBull Fund (ULPIX) has a volatility of 9.79%. This indicates that UDPIX experiences smaller price fluctuations and is considered to be less risky than ULPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UDPIX | ULPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.47% | 9.79% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 19.63% | 19.84% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.93% | 25.09% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.12% | 34.12% | -4.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.14% | 35.48% | -0.34% |
UDPIX vs. ULPIX - Expense Ratio Comparison
UDPIX has a 1.54% expense ratio, which is higher than ULPIX's 1.46% expense ratio.
Dividends
UDPIX vs. ULPIX - Dividend Comparison
UDPIX's dividend yield for the trailing twelve months is around 3.45%, less than ULPIX's 8.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
UDPIX ProFunds Ultra Dow 30 ProFund | 3.45% | 3.90% | 0.00% | 0.95% | 0.00% | 13.43% | 14.53% | 1.96% | 0.93% | 0.02% |
ULPIX ProFunds UltraBull Fund | 8.09% | 9.11% | 0.00% | 0.02% | 10.36% | 5.62% | 12.74% | 0.42% | 0.58% | 0.00% |
Frequently Asked Questions
UDPIX and ULPIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ULPIX has higher volatility (9.79%) compared to UDPIX (8.47%). In terms of maximum drawdown, UDPIX dropped -81.97% vs ULPIX's -89.68%.
ULPIX currently has the higher Sharpe Ratio (1.67 vs 1.64), 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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