UIPIX vs. ENPIX
UIPIX (ProFunds UltraShort Mid Cap Fund) and ENPIX (ProFunds UltraSector Oil & Gas Fund) are both mutual funds - UIPIX is a Inverse Equities fund managed by ProFunds, while ENPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, UIPIX returned -6.07%/yr vs 7.88%/yr for ENPIX. Their -0.63 correlation means they have often moved in opposite directions in the past. UIPIX charges 1.78%/yr vs 1.51%/yr for ENPIX.
Performance
UIPIX vs. ENPIX - Performance Comparison
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Returns By Period
In the year-to-date period, UIPIX achieves a -23.40% return, which is significantly lower than ENPIX's 48.84% return. Over the past 10 years, UIPIX has underperformed ENPIX with an annualized return of -6.07%, while ENPIX has yielded a comparatively higher 7.88% annualized return.
UIPIX
- 1D
- -1.61%
- 1M
- 2.33%
- 6M
- -17.33%
- YTD
- -23.40%
- 1Y
- -32.28%
- 3Y*
- -20.60%
- 5Y*
- 30.56%
- 10Y*
- -6.07%
- ALL TIME*
- -1.69%
ENPIX
- 1D
- 0.83%
- 1M
- 15.87%
- 6M
- 22.86%
- YTD
- 48.84%
- 1Y
- 59.39%
- 3Y*
- 14.50%
- 5Y*
- 28.19%
- 10Y*
- 7.88%
- ALL TIME*
- 5.22%
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 |
UIPIX vs. ENPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UIPIX ProFunds UltraShort Mid Cap Fund | -23.40% | -13.23% | -22.21% | 668.01% | 11.30% | -42.71% | -53.90% | -38.37% | 21.21% | -27.33% |
ENPIX ProFunds UltraSector Oil & Gas Fund | 48.84% | 4.99% | 2.30% | -7.46% | 92.17% | 82.32% | -53.71% | 10.35% | -30.54% | -5.59% |
Correlation
The correlation between UIPIX and ENPIX is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | -0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.41 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | -0.63 |
Over the past year, the inverse relationship between UIPIX and ENPIX has weakened: their correlation has moved from -0.63 to -0.01, meaning they move in opposite directions less often than they have historically.
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Return for Risk
UIPIX vs. ENPIX — Risk / Return Rank
UIPIX
ENPIX
UIPIX vs. ENPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Mid Cap Fund (UIPIX) and ProFunds UltraSector Oil & Gas Fund (ENPIX). 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.
| UIPIX | ENPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.64 | ||
| Sortino ratioReturn per unit of downside risk | -3.44 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.27 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | 2.35 | -3.16 |
| Martin ratioReturn relative to average drawdown | -1.38 | 6.10 | -7.48 |
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Drawdowns
UIPIX vs. ENPIX - Drawdown Comparison
The maximum UIPIX drawdown since its inception was -99.84%, which is greater than ENPIX's maximum drawdown of -90.12%. Use the drawdown chart below to compare losses from any high point for UIPIX and ENPIX.
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Drawdown Indicators
| UIPIX | ENPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.84% | -90.12% | -9.72% |
Max Drawdown (1Y)Largest decline over 1 year | -35.54% | -23.01% | -12.53% |
Max Drawdown (3Y)Largest decline over 3 years | -65.67% | -32.27% | -33.40% |
Max Drawdown (5Y)Largest decline over 5 years | -65.67% | -36.48% | -29.19% |
Max Drawdown (10Y)Largest decline over 10 years | -90.12% | -84.54% | -5.58% |
Current DrawdownCurrent decline from peak | -99.20% | -9.70% | -89.50% |
Average DrawdownAverage peak-to-trough decline | -80.87% | -36.77% | -44.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.77% | 8.88% | +11.89% |
Volatility
UIPIX vs. ENPIX - Volatility Comparison
The current volatility for ProFunds UltraShort Mid Cap Fund (UIPIX) is 6.91%, while ProFunds UltraSector Oil & Gas Fund (ENPIX) has a volatility of 9.02%. This indicates that UIPIX experiences smaller price fluctuations and is considered to be less risky than ENPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UIPIX | ENPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 9.02% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 23.23% | 25.12% | -1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.30% | 31.65% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 418.86% | 38.45% | +380.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 297.54% | 44.70% | +252.84% |
UIPIX vs. ENPIX - Expense Ratio Comparison
UIPIX has a 1.78% expense ratio, which is higher than ENPIX's 1.51% expense ratio.
Dividends
UIPIX vs. ENPIX - Dividend Comparison
UIPIX's dividend yield for the trailing twelve months is around 3.40%, more than ENPIX's 1.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENPIX ProFunds UltraSector Oil & Gas Fund | 1.86% | 2.76% | 3.19% | 0.87% | 2.76% | 1.59% | 1.76% | 1.34% | 1.76% | 0.84% | 0.57% | 0.56% |
UIPIX ProFunds UltraShort Mid Cap Fund | 3.40% | 2.60% | 0.00% | 4.74% | 0.00% | 0.00% | 0.00% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UIPIX and ENPIX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENPIX has higher volatility (9.02%) compared to UIPIX (6.91%). In terms of maximum drawdown, UIPIX dropped -99.84% vs ENPIX's -90.12%.
ENPIX currently has the higher Sharpe Ratio (1.71 vs -0.92), 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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