UHPIX vs. DXHYX
UHPIX (ProFunds UltraShort China) and DXHYX (Direxion Monthly High Yield Bull 1.2X Fund) are both mutual funds - UHPIX is a Inverse Equities fund managed by ProFunds, while DXHYX is a Leveraged Bonds fund managed by Direxion. Over the past 5 years, UHPIX returned -23.80%/yr vs 1.83%/yr for DXHYX. At a correlation of -0.42, they often move in opposite directions. UHPIX charges 1.78%/yr vs 1.35%/yr for DXHYX.
Performance
UHPIX vs. DXHYX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UHPIX achieves a 51.66% return, which is significantly higher than DXHYX's 0.54% return.
UHPIX
- 1D
- 1.27%
- 1M
- 23.55%
- YTD
- 51.66%
- 6M
- 55.38%
- 1Y
- 15.20%
- 3Y*
- -26.17%
- 5Y*
- -23.80%
- 10Y*
- -30.50%
DXHYX
- 1D
- -0.17%
- 1M
- 0.45%
- YTD
- 0.54%
- 6M
- 0.65%
- 1Y
- 4.58%
- 3Y*
- 7.15%
- 5Y*
- 1.83%
- 10Y*
- —
UHPIX vs. DXHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UHPIX ProFunds UltraShort China | 51.66% | -49.82% | -29.87% | -26.13% | -63.62% | 94.89% | -64.76% | -43.34% | 39.47% | -57.67% |
DXHYX Direxion Monthly High Yield Bull 1.2X Fund | 0.54% | 6.56% | 6.47% | 10.88% | -13.99% | 3.00% | 2.26% | 12.61% | -3.82% | 5.22% |
Correlation
The correlation between UHPIX and DXHYX is -0.34, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | -0.42 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UHPIX vs. DXHYX — Risk / Return Rank
UHPIX
DXHYX
UHPIX vs. DXHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort China (UHPIX) and Direxion Monthly High Yield Bull 1.2X Fund (DXHYX). 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.
| UHPIX | DXHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.20 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 1.60 | -1.33 |
| Martin ratioReturn relative to average drawdown | 0.50 | 6.56 | -6.06 |
Loading charts...
Drawdowns
UHPIX vs. DXHYX - Drawdown Comparison
The maximum UHPIX drawdown since its inception was -99.98%, which is greater than DXHYX's maximum drawdown of -26.40%. Use the drawdown chart below to compare losses from any high point for UHPIX and DXHYX.
Loading charts...
Drawdown Indicators
| UHPIX | DXHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -26.40% | -73.58% |
Max Drawdown (1Y)Largest decline over 1 year | -44.95% | -3.03% | -41.92% |
Max Drawdown (3Y)Largest decline over 3 years | -80.96% | -6.42% | -74.54% |
Max Drawdown (5Y)Largest decline over 5 years | -96.64% | -18.67% | -77.97% |
Max Drawdown (10Y)Largest decline over 10 years | -98.81% | — | — |
Current DrawdownCurrent decline from peak | -99.95% | -0.28% | -99.67% |
Average DrawdownAverage peak-to-trough decline | -93.42% | -3.68% | -89.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.07% | 0.74% | +25.33% |
Volatility
UHPIX vs. DXHYX - Volatility Comparison
ProFunds UltraShort China (UHPIX) has a higher volatility of 11.67% compared to Direxion Monthly High Yield Bull 1.2X Fund (DXHYX) at 1.20%. This indicates that UHPIX's price experiences larger fluctuations and is considered to be riskier than DXHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UHPIX | DXHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.67% | 1.20% | +10.47% |
Volatility (6M)Calculated over the trailing 6-month period | 37.96% | 3.52% | +34.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.67% | 4.46% | +48.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.99% | 8.48% | +74.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 228.63% | 9.32% | +219.31% |
UHPIX vs. DXHYX - Expense Ratio Comparison
UHPIX has a 1.78% expense ratio, which is higher than DXHYX's 1.35% expense ratio.
Dividends
UHPIX vs. DXHYX - Dividend Comparison
UHPIX's dividend yield for the trailing twelve months is around 2.83%, less than DXHYX's 3.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DXHYX Direxion Monthly High Yield Bull 1.2X Fund | 3.64% | 4.32% | 4.75% | 6.08% | 12.11% | 2.06% | 6.32% | 9.95% | 4.99% | 3.57% |
UHPIX ProFunds UltraShort China | 2.83% | 4.29% | 0.00% | 3.45% | 0.00% | 0.00% | 0.00% | 0.55% | 0.00% | 0.00% |
Frequently Asked Questions
UHPIX and DXHYX have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UHPIX has higher volatility (11.67%) compared to DXHYX (1.20%). In terms of maximum drawdown, UHPIX dropped -99.98% vs DXHYX's -26.40%.
DXHYX currently has the higher Sharpe Ratio (1.09 vs 0.23), 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.
Find the right allocation for UHPIX and DXHYX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer