UJPIX vs. URPIX
UJPIX (ProFunds UltraJapan Fund) and URPIX (ProFunds UltraBear Fund) are both mutual funds - UJPIX is a Leveraged Equities fund managed by ProFunds, while URPIX is a Inverse Equities fund managed by ProFunds. Over the past 10 years, UJPIX returned 26.70%/yr vs -27.91%/yr for URPIX. Their -0.68 correlation means they have often moved in opposite directions in the past. Both charge a 1.78% expense ratio.
Performance
UJPIX vs. URPIX - Performance Comparison
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Returns By Period
In the year-to-date period, UJPIX achieves a 51.04% return, which is significantly higher than URPIX's -14.33% return. Over the past 10 years, UJPIX has outperformed URPIX with an annualized return of 26.70%, while URPIX has yielded a comparatively lower -27.91% 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%
URPIX
- 1D
- -3.30%
- 1M
- 1.48%
- 6M
- -12.25%
- YTD
- -14.33%
- 1Y
- -27.37%
- 3Y*
- -26.35%
- 5Y*
- -21.21%
- 10Y*
- -27.91%
- ALL TIME*
- -21.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
UJPIX vs. URPIX - 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% |
URPIX ProFunds UltraBear Fund | -14.33% | -27.06% | -32.89% | -31.77% | 29.74% | -43.61% | -51.10% | -42.03% | 4.20% | -32.58% |
Correlation
The correlation between UJPIX and URPIX is -0.71, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.71 |
Correlation (3Y) Balances recent behavior with more history. | -0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.70 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2000 | -0.68 |
The correlation between UJPIX and URPIX has been stable across timeframes, ranging from -0.71 to -0.66 - a consistent structural relationship.
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Return for Risk
UJPIX vs. URPIX — Risk / Return Rank
UJPIX
URPIX
UJPIX vs. URPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraJapan Fund (UJPIX) and ProFunds UltraBear Fund (URPIX). 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 | URPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.39 | ||
| Sortino ratioReturn per unit of downside risk | +4.19 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.85 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 4.39 | -0.80 | +5.19 |
| Martin ratioReturn relative to average drawdown | 13.74 | -1.35 | +15.09 |
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Drawdowns
UJPIX vs. URPIX - Drawdown Comparison
The maximum UJPIX drawdown since its inception was -89.83%, smaller than the maximum URPIX drawdown of -99.92%. Use the drawdown chart below to compare losses from any high point for UJPIX and URPIX.
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Drawdown Indicators
| UJPIX | URPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.83% | -99.92% | +10.09% |
Max Drawdown (1Y)Largest decline over 1 year | -30.55% | -30.79% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -43.92% | -69.89% | +25.97% |
Max Drawdown (5Y)Largest decline over 5 years | -43.92% | -76.97% | +33.05% |
Max Drawdown (10Y)Largest decline over 10 years | -56.99% | -96.59% | +39.60% |
Current DrawdownCurrent decline from peak | -25.07% | -99.92% | +74.85% |
Average DrawdownAverage peak-to-trough decline | -49.70% | -79.17% | +29.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.74% | 18.19% | -8.45% |
Volatility
UJPIX vs. URPIX - Volatility Comparison
ProFunds UltraJapan Fund (UJPIX) has a higher volatility of 18.92% compared to ProFunds UltraBear Fund (URPIX) at 6.82%. This indicates that UJPIX's price experiences larger fluctuations and is considered to be riskier than URPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UJPIX | URPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.92% | 6.82% | +12.10% |
Volatility (6M)Calculated over the trailing 6-month period | 45.20% | 20.27% | +24.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.20% | 25.76% | +29.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.66% | 34.06% | +9.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.72% | 35.62% | +6.10% |
UJPIX vs. URPIX - Expense Ratio Comparison
Both UJPIX and URPIX have an expense ratio of 1.78%.
Dividends
UJPIX vs. URPIX - Dividend Comparison
UJPIX's dividend yield for the trailing twelve months is around 26.29%, more than URPIX's 3.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
UJPIX ProFunds UltraJapan Fund | 26.29% | 39.71% | 0.00% | 0.00% | 0.00% | 14.19% | 0.00% | 0.00% | 2.64% |
URPIX ProFunds UltraBear Fund | 3.18% | 2.73% | 0.00% | 3.02% | 0.00% | 0.00% | 0.47% | 0.00% | 0.00% |
Frequently Asked Questions
UJPIX and URPIX 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.
UJPIX has higher volatility (18.92%) compared to URPIX (6.82%). In terms of maximum drawdown, UJPIX dropped -89.83% vs URPIX's -99.92%.
UJPIX currently has the higher Sharpe Ratio (2.43 vs -0.95), 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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