UIPIX vs. UOPIX
UIPIX (ProFunds UltraShort Mid Cap Fund) and UOPIX (ProFunds UltraNASDAQ-100 Fund) are both mutual funds - UIPIX is a Inverse Equities fund managed by ProFunds, while UOPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, UIPIX returned -7.60%/yr vs 35.66%/yr for UOPIX. At a correlation of -0.77, they often move in opposite directions. UIPIX charges 1.78%/yr vs 1.47%/yr for UOPIX.
Performance
UIPIX vs. UOPIX - Performance Comparison
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Returns By Period
In the year-to-date period, UIPIX achieves a -25.34% return, which is significantly lower than UOPIX's 38.26% return. Over the past 10 years, UIPIX has underperformed UOPIX with an annualized return of -7.60%, while UOPIX has yielded a comparatively higher 35.66% annualized return.
UIPIX
- 1D
- -0.70%
- 1M
- -6.97%
- YTD
- -25.34%
- 6M
- -22.47%
- 1Y
- -36.05%
- 3Y*
- -25.29%
- 5Y*
- 29.03%
- 10Y*
- -7.60%
UOPIX
- 1D
- -0.47%
- 1M
- 4.79%
- YTD
- 38.26%
- 6M
- 34.47%
- 1Y
- 78.37%
- 3Y*
- 46.03%
- 5Y*
- 21.92%
- 10Y*
- 35.66%
UIPIX vs. UOPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UIPIX ProFunds UltraShort Mid Cap Fund | -25.34% | -13.23% | -22.21% | 668.01% | 11.30% | -42.71% | -53.90% | -38.37% | 21.21% | -27.33% |
UOPIX ProFunds UltraNASDAQ-100 Fund | 38.26% | 30.26% | 41.75% | 115.97% | -60.70% | 48.28% | 86.57% | 80.53% | -9.41% | 68.58% |
Correlation
The correlation between UIPIX and UOPIX is -0.63, 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 | -0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | -0.77 |
The correlation between UIPIX and UOPIX shifts across timeframes, from -0.77 (all time) to -0.63 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UIPIX vs. UOPIX — Risk / Return Rank
UIPIX
UOPIX
UIPIX vs. UOPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Mid Cap Fund (UIPIX) and ProFunds UltraNASDAQ-100 Fund (UOPIX). 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 | UOPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.51 | ||
| Sortino ratioReturn per unit of downside risk | -4.49 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.37 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -1.03 | 3.30 | -4.33 |
| Martin ratioReturn relative to average drawdown | -1.86 | 11.34 | -13.20 |
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Drawdowns
UIPIX vs. UOPIX - Drawdown Comparison
The maximum UIPIX drawdown since its inception was -99.84%, roughly equal to the maximum UOPIX drawdown of -99.00%. Use the drawdown chart below to compare losses from any high point for UIPIX and UOPIX.
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Drawdown Indicators
| UIPIX | UOPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.84% | -99.00% | -0.84% |
Max Drawdown (1Y)Largest decline over 1 year | -35.97% | -24.97% | -11.00% |
Max Drawdown (3Y)Largest decline over 3 years | -64.88% | -42.52% | -22.36% |
Max Drawdown (5Y)Largest decline over 5 years | -64.88% | -65.01% | +0.13% |
Max Drawdown (10Y)Largest decline over 10 years | -91.19% | -65.01% | -26.18% |
Current DrawdownCurrent decline from peak | -99.22% | -2.91% | -96.31% |
Average DrawdownAverage peak-to-trough decline | -80.78% | -67.59% | -13.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.02% | 7.26% | +13.76% |
Volatility
UIPIX vs. UOPIX - Volatility Comparison
The current volatility for ProFunds UltraShort Mid Cap Fund (UIPIX) is 9.12%, while ProFunds UltraNASDAQ-100 Fund (UOPIX) has a volatility of 16.81%. This indicates that UIPIX experiences smaller price fluctuations and is considered to be less risky than UOPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UIPIX | UOPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.12% | 16.81% | -7.69% |
Volatility (6M)Calculated over the trailing 6-month period | 23.47% | 28.42% | -4.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.55% | 35.43% | -3.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 418.87% | 45.59% | +373.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 297.67% | 44.43% | +253.24% |
UIPIX vs. UOPIX - Expense Ratio Comparison
UIPIX has a 1.78% expense ratio, which is higher than UOPIX's 1.47% expense ratio.
Dividends
UIPIX vs. UOPIX - Dividend Comparison
UIPIX's dividend yield for the trailing twelve months is around 3.49%, less than UOPIX's 13.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
UIPIX ProFunds UltraShort Mid Cap Fund | 3.49% | 2.60% | 0.00% | 4.74% | 0.00% | 0.00% | 0.00% | 0.48% | 0.00% |
UOPIX ProFunds UltraNASDAQ-100 Fund | 13.21% | 18.27% | 0.41% | 0.00% | 5.64% | 11.03% | 9.78% | 5.78% | 6.73% |
Frequently Asked Questions
UIPIX and UOPIX have a correlation of -0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UOPIX has higher volatility (16.81%) compared to UIPIX (9.12%). In terms of maximum drawdown, UIPIX dropped -99.84% vs UOPIX's -99.00%.
UOPIX currently has the higher Sharpe Ratio (2.33 vs -1.18), 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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