UJPIX vs. SPXL
Compare and contrast key facts about ProFunds UltraJapan Fund (UJPIX) and Direxion Daily S&P 500 Bull 3X Shares (SPXL).
UJPIX is managed by ProFunds. It was launched on Feb 6, 2000. SPXL is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (300%). It was launched on Nov 5, 2008.
Performance
UJPIX vs. SPXL - Performance Comparison
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UJPIX vs. SPXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UJPIX ProFunds UltraJapan Fund | 8.67% | 60.72% | 28.67% | 70.81% | -21.63% | 6.44% | 23.36% | 40.42% | -25.61% | 39.72% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | -14.06% | 31.94% | 63.61% | 69.49% | -56.55% | 98.75% | 9.64% | 102.80% | -25.11% | 71.03% |
Returns By Period
In the year-to-date period, UJPIX achieves a 8.67% return, which is significantly higher than SPXL's -14.06% return. Over the past 10 years, UJPIX has underperformed SPXL with an annualized return of 22.46%, while SPXL has yielded a comparatively higher 25.61% annualized return.
UJPIX
- 1D
- 7.66%
- 1M
- -16.00%
- YTD
- 8.67%
- 6M
- 37.03%
- 1Y
- 110.58%
- 3Y*
- 46.52%
- 5Y*
- 22.54%
- 10Y*
- 22.46%
SPXL
- 1D
- 2.30%
- 1M
- -13.75%
- YTD
- -14.06%
- 6M
- -11.40%
- 1Y
- 34.55%
- 3Y*
- 38.52%
- 5Y*
- 17.51%
- 10Y*
- 25.61%
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UJPIX vs. SPXL - Expense Ratio Comparison
UJPIX has a 1.78% expense ratio, which is higher than SPXL's 1.02% expense ratio.
Return for Risk
UJPIX vs. SPXL — Risk / Return Rank
UJPIX
SPXL
UJPIX vs. SPXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraJapan Fund (UJPIX) and Direxion Daily S&P 500 Bull 3X Shares (SPXL). 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.
| UJPIX | SPXL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.07 | 0.64 | +1.43 |
Sortino ratioReturn per unit of downside risk | 2.63 | 1.22 | +1.42 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.18 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 3.83 | 1.07 | +2.75 |
Martin ratioReturn relative to average drawdown | 12.62 | 4.25 | +8.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UJPIX | SPXL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 0.64 | +1.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.35 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.48 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.48 | -0.40 |
Correlation
The correlation between UJPIX and SPXL is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
UJPIX vs. SPXL - Dividend Comparison
UJPIX's dividend yield for the trailing twelve months is around 36.54%, more than SPXL's 0.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UJPIX ProFunds UltraJapan Fund | 36.54% | 39.71% | 0.00% | 0.00% | 0.00% | 14.19% | 0.00% | 0.00% | 2.64% | 0.00% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.78% | 0.69% | 0.74% | 0.98% | 0.32% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% |
Drawdowns
UJPIX vs. SPXL - Drawdown Comparison
The maximum UJPIX drawdown since its inception was -89.83%, which is greater than SPXL's maximum drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for UJPIX and SPXL.
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Drawdown Indicators
| UJPIX | SPXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.83% | -76.86% | -12.97% |
Max Drawdown (1Y)Largest decline over 1 year | -27.11% | -33.42% | +6.31% |
Max Drawdown (5Y)Largest decline over 5 years | -43.92% | -63.80% | +19.88% |
Max Drawdown (10Y)Largest decline over 10 years | -56.99% | -76.86% | +19.87% |
Current DrawdownCurrent decline from peak | -21.53% | -18.62% | -2.91% |
Average DrawdownAverage peak-to-trough decline | -50.23% | -15.85% | -34.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.22% | 8.42% | -0.20% |
Volatility
UJPIX vs. SPXL - Volatility Comparison
ProFunds UltraJapan Fund (UJPIX) has a higher volatility of 20.55% compared to Direxion Daily S&P 500 Bull 3X Shares (SPXL) at 16.04%. This indicates that UJPIX's price experiences larger fluctuations and is considered to be riskier than SPXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UJPIX | SPXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.55% | 16.04% | +4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 37.99% | 28.52% | +9.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.24% | 54.32% | -2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.25% | 50.26% | -9.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.55% | 53.36% | -11.81% |