UIPIX vs. UXPIX
UIPIX (ProFunds UltraShort Mid Cap Fund) and UXPIX (ProFunds Ultra Short International Fund) are both Inverse Equities funds from ProFunds. Over the past 10 years, UIPIX returned -7.60%/yr vs -21.39%/yr for UXPIX. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 1.78% expense ratio.
Performance
UIPIX vs. UXPIX - 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 UXPIX's -19.40% return. Over the past 10 years, UIPIX has outperformed UXPIX with an annualized return of -7.60%, while UXPIX has yielded a comparatively lower -21.39% 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%
UXPIX
- 1D
- -0.35%
- 1M
- -4.46%
- YTD
- -19.40%
- 6M
- -18.70%
- 1Y
- -34.09%
- 3Y*
- -24.71%
- 5Y*
- -16.60%
- 10Y*
- -21.39%
UIPIX vs. UXPIX - 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% |
UXPIX ProFunds Ultra Short International Fund | -19.40% | -40.68% | -0.70% | -23.81% | 19.33% | -25.44% | -36.55% | -33.25% | 29.63% | -37.30% |
Correlation
The correlation between UIPIX and UXPIX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2006 | 0.77 |
The correlation between UIPIX and UXPIX has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.
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Return for Risk
UIPIX vs. UXPIX — Risk / Return Rank
UIPIX
UXPIX
UIPIX vs. UXPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Mid Cap Fund (UIPIX) and ProFunds Ultra Short International Fund (UXPIX). 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 | UXPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.82 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -1.03 | -1.03 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.86 | -1.72 | -0.15 |
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Drawdowns
UIPIX vs. UXPIX - Drawdown Comparison
The maximum UIPIX drawdown since its inception was -99.84%, roughly equal to the maximum UXPIX drawdown of -99.48%. Use the drawdown chart below to compare losses from any high point for UIPIX and UXPIX.
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Drawdown Indicators
| UIPIX | UXPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.84% | -99.48% | -0.36% |
Max Drawdown (1Y)Largest decline over 1 year | -35.97% | -34.14% | -1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -64.88% | -64.24% | -0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -64.88% | -74.97% | +10.09% |
Max Drawdown (10Y)Largest decline over 10 years | -91.19% | -91.30% | +0.11% |
Current DrawdownCurrent decline from peak | -99.22% | -99.48% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -80.78% | -82.52% | +1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.02% | 21.41% | -0.39% |
Volatility
UIPIX vs. UXPIX - Volatility Comparison
The current volatility for ProFunds UltraShort Mid Cap Fund (UIPIX) is 9.12%, while ProFunds Ultra Short International Fund (UXPIX) has a volatility of 10.11%. This indicates that UIPIX experiences smaller price fluctuations and is considered to be less risky than UXPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UIPIX | UXPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.12% | 10.11% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 23.47% | 26.94% | -3.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.55% | 31.68% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 418.87% | 33.83% | +385.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 297.67% | 35.47% | +262.20% |
UIPIX vs. UXPIX - Expense Ratio Comparison
Both UIPIX and UXPIX have an expense ratio of 1.78%.
Dividends
UIPIX vs. UXPIX - Dividend Comparison
UIPIX's dividend yield for the trailing twelve months is around 3.49%, less than UXPIX's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
UIPIX ProFunds UltraShort Mid Cap Fund | 3.49% | 2.60% | 0.00% | 4.74% | 0.00% | 0.00% | 0.00% | 0.48% |
UXPIX ProFunds Ultra Short International Fund | 4.10% | 3.30% | 0.00% | 3.97% | 0.00% | 0.00% | 0.00% | 0.90% |
Frequently Asked Questions
UIPIX and UXPIX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UXPIX has higher volatility (10.11%) compared to UIPIX (9.12%). In terms of maximum drawdown, UIPIX dropped -99.84% vs UXPIX's -99.48%.
UXPIX currently has the higher Sharpe Ratio (-1.11 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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