UEPIX vs. VEUAX

Last updated Jun 4, 2026

UEPIX (ProFunds Europe 30 Fund) and VEUAX (JPMorgan Europe Dynamic Fund) are both Europe Equities funds. Over the past 10 years, UEPIX returned 10.21%/yr vs 9.03%/yr for VEUAX. Their correlation of 0.83 suggests significant overlap in exposure. UEPIX charges 1.78%/yr vs 1.25%/yr for VEUAX.

Performance

UEPIX vs. VEUAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds Europe 30 Fund (UEPIX) and JPMorgan Europe Dynamic Fund (VEUAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UEPIX achieves a 25.52% return, which is significantly higher than VEUAX's 5.17% return. Over the past 10 years, UEPIX has outperformed VEUAX with an annualized return of 10.21%, while VEUAX has yielded a comparatively lower 9.03% annualized return.

UEPIX

• 1D: 0.54%
• 1M: 9.78%
• YTD: 25.52%
• 6M: 26.43%
• 1Y: 43.85%
• 3Y*: 23.25%
• 5Y*: 12.96%
• 10Y*: 10.21%

VEUAX

• 1D: 0.16%
• 1M: 2.61%
• YTD: 5.17%
• 6M: 7.88%
• 1Y: 16.76%
• 3Y*: 18.68%
• 5Y*: 8.99%
• 10Y*: 9.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UEPIX vs. VEUAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UEPIX ProFunds Europe 30 Fund	25.52%	28.46%	2.60%	18.54%	-7.83%	24.46%	-9.97%	17.87%	-12.48%	19.92%
VEUAX JPMorgan Europe Dynamic Fund	5.17%	41.51%	3.48%	18.19%	-15.39%	17.68%	8.45%	21.51%	-18.69%	22.26%

Correlation

The correlation between UEPIX and VEUAX 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	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Mar 16, 1999	0.83

The correlation between UEPIX and VEUAX has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.

Return for Risk

UEPIX vs. VEUAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UEPIX

UEPIX Risk / Return Rank: 89
UEPIX Sharpe Ratio Rank: 91
UEPIX Sortino Ratio Rank: 85
UEPIX Omega Ratio Rank: 81
UEPIX Calmar Ratio Rank: 96
UEPIX Martin Ratio Rank: 95

VEUAX

VEUAX Risk / Return Rank: 14
VEUAX Sharpe Ratio Rank: 13
VEUAX Sortino Ratio Rank: 14
VEUAX Omega Ratio Rank: 13
VEUAX Calmar Ratio Rank: 14
VEUAX Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UEPIX vs. VEUAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Europe 30 Fund (UEPIX) and JPMorgan Europe Dynamic Fund (VEUAX). 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.

	UEPIX	VEUAX	Difference
Sharpe ratio: Return per unit of total volatility	3.05	1.01	+2.04
Sortino ratio: Return per unit of downside risk	4.04	1.51	+2.53
Omega ratio: Gain probability vs. loss probability	1.53	1.18	+0.35
Calmar ratio: Return relative to maximum drawdown	6.42	1.31	+5.11
Martin ratio: Return relative to average drawdown	22.30	4.63	+17.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UEPIX vs. VEUAX - Sharpe Ratio Comparison

The current UEPIX Sharpe Ratio is 3.05, which is higher than the VEUAX Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of UEPIX and VEUAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UEPIX	VEUAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.05	1.01	+2.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.51	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.48	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.44	-0.34

Drawdowns

UEPIX vs. VEUAX - Drawdown Comparison

The maximum UEPIX drawdown since its inception was -76.06%, which is greater than VEUAX's maximum drawdown of -63.73%. Use the drawdown chart below to compare losses from any high point for UEPIX and VEUAX.

Drawdown Indicators

	UEPIX	VEUAX	Difference
Max Drawdown Largest peak-to-trough decline	-76.06%	-63.73%	-12.33%
Max Drawdown (1Y) Largest decline over 1 year	-6.74%	-12.07%	+5.33%
Max Drawdown (3Y) Largest decline over 3 years	-15.84%	-12.89%	-2.95%
Max Drawdown (5Y) Largest decline over 5 years	-26.62%	-30.94%	+4.32%
Max Drawdown (10Y) Largest decline over 10 years	-40.51%	-44.64%	+4.13%
Current Drawdown Current decline from peak	0.00%	-3.37%	+3.37%
Average Drawdown Average peak-to-trough decline	-43.19%	-15.45%	-27.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	3.41%	-1.47%

Volatility

UEPIX vs. VEUAX - Volatility Comparison

ProFunds Europe 30 Fund (UEPIX) has a higher volatility of 6.00% compared to JPMorgan Europe Dynamic Fund (VEUAX) at 5.59%. This indicates that UEPIX's price experiences larger fluctuations and is considered to be riskier than VEUAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UEPIX	VEUAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.00%	5.59%	+0.41%
Volatility (6M) Calculated over the trailing 6-month period	11.43%	13.15%	-1.72%
Volatility (1Y) Calculated over the trailing 1-year period	14.26%	15.77%	-1.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.03%	17.57%	-0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.76%	18.81%	-0.05%

UEPIX vs. VEUAX - Expense Ratio Comparison

UEPIX has a 1.78% expense ratio, which is higher than VEUAX's 1.25% expense ratio.

Dividends

UEPIX vs. VEUAX - Dividend Comparison

UEPIX's dividend yield for the trailing twelve months is around 1.32%, less than VEUAX's 3.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UEPIX ProFunds Europe 30 Fund	1.32%	1.66%	0.00%	1.43%	1.98%	0.87%	2.64%	0.82%	12.56%	0.96%	3.21%	11.73%
VEUAX JPMorgan Europe Dynamic Fund	3.28%	3.45%	3.81%	3.02%	0.77%	2.03%	1.01%	2.82%	2.60%	1.38%	1.93%	1.25%

Frequently Asked Questions

Can I hold both UEPIX and VEUAX in my portfolio?

UEPIX and VEUAX 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.

Which is riskier, UEPIX or VEUAX?

UEPIX has higher volatility (6.00%) compared to VEUAX (5.59%). In terms of maximum drawdown, UEPIX dropped -76.06% vs VEUAX's -63.73%.

Which has better risk-adjusted returns?

UEPIX currently has the higher Sharpe Ratio (3.05 vs 1.01), 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.