UFPIX vs. UHPIX
UFPIX (ProFunds UltraShort Latin America Fund) and UHPIX (ProFunds UltraShort China) are both Inverse Equities funds from ProFunds. Over the past 10 years, UFPIX returned -15.12%/yr vs -30.64%/yr for UHPIX. Their 0.55 correlation means they have sometimes moved together and sometimes differently. Both charge a 1.78% expense ratio.
Performance
UFPIX vs. UHPIX - Performance Comparison
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Returns By Period
In the year-to-date period, UFPIX achieves a -36.19% return, which is significantly lower than UHPIX's 25.12% return. Over the past 10 years, UFPIX has outperformed UHPIX with an annualized return of -15.12%, while UHPIX has yielded a comparatively lower -30.64% annualized return.
UFPIX
- 1D
- -5.35%
- 1M
- -8.24%
- 6M
- -13.22%
- YTD
- -36.19%
- 1Y
- -57.75%
- 3Y*
- 44.05%
- 5Y*
- 7.70%
- 10Y*
- -15.12%
- ALL TIME*
- -21.76%
UHPIX
- 1D
- -1.12%
- 1M
- -18.27%
- 6M
- 34.01%
- YTD
- 25.12%
- 1Y
- 2.46%
- 3Y*
- -19.47%
- 5Y*
- -30.70%
- 10Y*
- -30.64%
- ALL TIME*
- -30.53%
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 |
UFPIX vs. UHPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UFPIX ProFunds UltraShort Latin America Fund | -36.19% | -54.35% | 1,093.05% | -43.28% | -35.80% | -20.05% | -38.78% | -27.84% | -3.97% | -45.62% |
UHPIX ProFunds UltraShort China | 25.12% | -49.82% | -29.87% | -26.13% | -63.62% | 94.89% | -64.76% | -43.34% | 39.47% | -57.67% |
Correlation
The correlation between UFPIX and UHPIX is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.40 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2008 | 0.55 |
Over the past year, the correlation between UFPIX and UHPIX has dropped to 0.32 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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Return for Risk
UFPIX vs. UHPIX — Risk / Return Rank
UFPIX
UHPIX
UFPIX vs. UHPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Latin America Fund (UFPIX) and ProFunds UltraShort China (UHPIX). 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.
| UFPIX | UHPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -2.95 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.06 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 0.13 | -1.04 |
| Martin ratioReturn relative to average drawdown | -1.31 | 0.25 | -1.55 |
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Drawdowns
UFPIX vs. UHPIX - Drawdown Comparison
The maximum UFPIX drawdown since its inception was -99.86%, roughly equal to the maximum UHPIX drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for UFPIX and UHPIX.
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Drawdown Indicators
| UFPIX | UHPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -99.98% | +0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -62.91% | -41.26% | -21.65% |
Max Drawdown (3Y)Largest decline over 3 years | -75.57% | -80.64% | +5.07% |
Max Drawdown (5Y)Largest decline over 5 years | -75.57% | -96.64% | +21.07% |
Max Drawdown (10Y)Largest decline over 10 years | -94.86% | -98.49% | +3.63% |
Current DrawdownCurrent decline from peak | -99.51% | -99.96% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -93.55% | -93.45% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.78% | 21.10% | +22.68% |
Volatility
UFPIX vs. UHPIX - Volatility Comparison
The current volatility for ProFunds UltraShort Latin America Fund (UFPIX) is 10.59%, while ProFunds UltraShort China (UHPIX) has a volatility of 14.43%. This indicates that UFPIX experiences smaller price fluctuations and is considered to be less risky than UHPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UFPIX | UHPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.59% | 14.43% | -3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 33.30% | 38.13% | -4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.45% | 53.45% | -12.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 339.49% | 82.02% | +257.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 244.17% | 228.56% | +15.61% |
UFPIX vs. UHPIX - Expense Ratio Comparison
Both UFPIX and UHPIX have an expense ratio of 1.78%.
Dividends
UFPIX vs. UHPIX - Dividend Comparison
UFPIX's dividend yield for the trailing twelve months is around 14.91%, more than UHPIX's 3.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
UFPIX ProFunds UltraShort Latin America Fund | 14.91% | 9.52% | 0.00% | 2.64% | 0.00% | 0.00% | 0.00% | 0.36% |
UHPIX ProFunds UltraShort China | 3.43% | 4.29% | 0.00% | 3.45% | 0.00% | 0.00% | 0.00% | 0.55% |
Frequently Asked Questions
UFPIX and UHPIX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UHPIX has higher volatility (14.43%) compared to UFPIX (10.59%). In terms of maximum drawdown, UFPIX dropped -99.86% vs UHPIX's -99.98%.
UHPIX currently has the higher Sharpe Ratio (0.10 vs -1.38), 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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