UIPIX vs. FSKAX
Compare and contrast key facts about ProFunds UltraShort Mid Cap Fund (UIPIX) and Fidelity Total Market Index Fund (FSKAX).
UIPIX is managed by ProFunds. It was launched on Jan 29, 2004. FSKAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UIPIX or FSKAX.
Correlation
The correlation between UIPIX and FSKAX is -0.91. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
UIPIX vs. FSKAX - Performance Comparison
Key characteristics
UIPIX:
-0.60
FSKAX:
1.77
UIPIX:
-0.70
FSKAX:
2.40
UIPIX:
0.92
FSKAX:
1.33
UIPIX:
-0.19
FSKAX:
2.69
UIPIX:
-1.17
FSKAX:
10.65
UIPIX:
15.76%
FSKAX:
2.17%
UIPIX:
31.06%
FSKAX:
13.05%
UIPIX:
-99.99%
FSKAX:
-35.01%
UIPIX:
-99.86%
FSKAX:
-0.52%
Returns By Period
In the year-to-date period, UIPIX achieves a -2.95% return, which is significantly lower than FSKAX's 4.10% return. Over the past 10 years, UIPIX has underperformed FSKAX with an annualized return of -24.03%, while FSKAX has yielded a comparatively higher 12.36% annualized return.
UIPIX
-2.95%
7.76%
-8.00%
-19.50%
-28.80%
-24.03%
FSKAX
4.10%
0.81%
10.85%
23.95%
13.94%
12.36%
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UIPIX vs. FSKAX - Expense Ratio Comparison
UIPIX has a 1.78% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Risk-Adjusted Performance
UIPIX vs. FSKAX — Risk-Adjusted Performance Rank
UIPIX
FSKAX
UIPIX vs. FSKAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Mid Cap Fund (UIPIX) and Fidelity Total Market Index Fund (FSKAX). 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.
Dividends
UIPIX vs. FSKAX - Dividend Comparison
UIPIX's dividend yield for the trailing twelve months is around 5.23%, more than FSKAX's 1.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UIPIX ProFunds UltraShort Mid Cap Fund | 5.23% | 5.08% | 4.74% | 0.00% | 0.00% | 0.00% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSKAX Fidelity Total Market Index Fund | 1.14% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.80% | 2.06% | 1.66% | 1.82% | 1.96% | 1.63% |
Drawdowns
UIPIX vs. FSKAX - Drawdown Comparison
The maximum UIPIX drawdown since its inception was -99.99%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for UIPIX and FSKAX. For additional features, visit the drawdowns tool.
Volatility
UIPIX vs. FSKAX - Volatility Comparison
ProFunds UltraShort Mid Cap Fund (UIPIX) has a higher volatility of 6.74% compared to Fidelity Total Market Index Fund (FSKAX) at 3.03%. This indicates that UIPIX's price experiences larger fluctuations and is considered to be riskier than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.