UJPIX vs. OLGAX

Last updated Aug 1, 2026

UJPIX (ProFunds UltraJapan Fund) and OLGAX (JPMorgan Large Cap Growth Fund Class A) are both mutual funds - UJPIX is a Leveraged Equities fund managed by ProFunds, while OLGAX is a Large Cap Growth Equities fund actively managed by JPMorgan. Over the past 10 years, UJPIX returned 26.70%/yr vs 18.09%/yr for OLGAX. Their 0.64 correlation means they have sometimes moved together and sometimes differently. UJPIX charges 1.78%/yr vs 0.94%/yr for OLGAX.

Performance

UJPIX vs. OLGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds UltraJapan Fund (UJPIX) and JPMorgan Large Cap Growth Fund Class A (OLGAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UJPIX achieves a 51.04% return, which is significantly higher than OLGAX's -2.05% return. Over the past 10 years, UJPIX has outperformed OLGAX with an annualized return of 26.70%, while OLGAX has yielded a comparatively lower 18.09% annualized return.

UJPIX

• 1D: 7.89%
• 1M: -13.79%
• 6M: 34.98%
• YTD: 51.04%
• 1Y: 140.92%
• 3Y*: 46.83%
• 5Y*: 35.45%
• 10Y*: 26.70%
• ALL TIME*: 8.22%

OLGAX

• 1D: 3.90%
• 1M: -4.46%
• 6M: -0.81%
• YTD: -2.05%
• 1Y: 4.32%
• 3Y*: 16.57%
• 5Y*: 9.56%
• 10Y*: 18.09%
• ALL TIME*: 10.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
OLGAX JPMorgan Large Cap Growth Fund Class A	$0.00	$0.00	$0.00
UJPIX ProFunds UltraJapan Fund	$0.00	$0.00	$0.00

UJPIX vs. OLGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UJPIX ProFunds UltraJapan Fund	51.04%	60.72%	28.67%	70.81%	-21.63%	6.44%	23.36%	40.42%	-25.61%	39.72%
OLGAX JPMorgan Large Cap Growth Fund Class A	-2.05%	13.79%	34.85%	34.28%	-25.58%	17.87%	55.60%	38.81%	0.23%	37.75%

Correlation

The correlation between UJPIX and OLGAX is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.76
Correlation (3Y) Balances recent behavior with more history.	0.66
Correlation (5Y) Shows whether the relationship held over a longer period.	0.67
Correlation (10Y) Provides a long-term view across more market conditions.	0.64
Correlation (All Time) Calculated using the full available price history since Feb 7, 2000	0.64

The correlation between UJPIX and OLGAX shifts across timeframes, from 0.64 (all time) to 0.76 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

UJPIX vs. OLGAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

UJPIX

UJPIX Risk / Return Rank: 88
UJPIX Sharpe Ratio Rank: 93
UJPIX Sortino Ratio Rank: 81
UJPIX Omega Ratio Rank: 79
UJPIX Calmar Ratio Rank: 96
UJPIX Martin Ratio Rank: 93

OLGAX

OLGAX Risk / Return Rank: 7
OLGAX Sharpe Ratio Rank: 7
OLGAX Sortino Ratio Rank: 7
OLGAX Omega Ratio Rank: 7
OLGAX Calmar Ratio Rank: 7
OLGAX Martin Ratio Rank: 7

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UJPIX vs. OLGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraJapan Fund (UJPIX) and JPMorgan Large Cap Growth Fund Class A (OLGAX). 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.

	UJPIX	OLGAX	Difference
Sharpe ratio: Return per unit of total volatility	2.43	0.15	+2.28
Sortino ratio: Return per unit of downside risk	2.83	0.34	+2.49
Omega ratio: Gain probability vs. loss probability	1.35	1.04	+0.31
Calmar ratio: Return relative to maximum drawdown	4.39	0.17	+4.23
Martin ratio: Return relative to average drawdown	13.74	0.45	+13.29

UJPIX vs. OLGAX - Sharpe Ratio Comparison

The current UJPIX Sharpe Ratio is 2.43, which is higher than the OLGAX Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of UJPIX and OLGAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UJPIX vs. OLGAX - Drawdown Comparison

The maximum UJPIX drawdown since its inception was -89.83%, which is greater than OLGAX's maximum drawdown of -63.25%. Use the drawdown chart below to compare losses from any high point for UJPIX and OLGAX.

Drawdown Indicators

	UJPIX	OLGAX	Difference
Max Drawdown Largest peak-to-trough decline	-89.83%	-63.25%	-26.58%
Max Drawdown (1Y) Largest decline over 1 year	-30.55%	-16.92%	-13.63%
Max Drawdown (3Y) Largest decline over 3 years	-43.92%	-21.55%	-22.37%
Max Drawdown (5Y) Largest decline over 5 years	-43.92%	-31.34%	-12.58%
Max Drawdown (10Y) Largest decline over 10 years	-56.99%	-31.87%	-25.12%
Current Drawdown Current decline from peak	-25.07%	-9.09%	-15.98%
Average Drawdown Average peak-to-trough decline	-49.70%	-18.63%	-31.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.74%	6.30%	+3.44%

Volatility

UJPIX vs. OLGAX - Volatility Comparison

ProFunds UltraJapan Fund (UJPIX) has a higher volatility of 18.92% compared to JPMorgan Large Cap Growth Fund Class A (OLGAX) at 8.32%. This indicates that UJPIX's price experiences larger fluctuations and is considered to be riskier than OLGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UJPIX	OLGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.92%	8.32%	+10.60%
Volatility (6M) Calculated over the trailing 6-month period	45.20%	15.27%	+29.93%
Volatility (1Y) Calculated over the trailing 1-year period	55.20%	18.99%	+36.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.66%	20.74%	+22.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.72%	21.80%	+19.92%

UJPIX vs. OLGAX - Expense Ratio Comparison

UJPIX has a 1.78% expense ratio, which is higher than OLGAX's 0.94% expense ratio.

Dividends

UJPIX vs. OLGAX - Dividend Comparison

UJPIX's dividend yield for the trailing twelve months is around 26.29%, more than OLGAX's 12.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OLGAX JPMorgan Large Cap Growth Fund Class A	12.06%	11.82%	2.06%	0.00%	3.20%	15.30%	5.32%	13.03%	16.18%	14.92%	9.94%	4.51%
UJPIX ProFunds UltraJapan Fund	26.29%	39.71%	0.00%	0.00%	0.00%	14.19%	0.00%	0.00%	2.64%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UJPIX and OLGAX in my portfolio?

UJPIX and OLGAX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UJPIX or OLGAX?

UJPIX has higher volatility (18.92%) compared to OLGAX (8.32%). In terms of maximum drawdown, UJPIX dropped -89.83% vs OLGAX's -63.25%.

Which has better risk-adjusted returns?

UJPIX currently has the higher Sharpe Ratio (2.43 vs 0.15), 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.