UJPIX vs. VOOG

Last updated Jun 24, 2026

UJPIX (ProFunds UltraJapan Fund) and VOOG (Vanguard S&P 500 Growth ETF) are both funds - UJPIX is a Leveraged Equities fund managed by ProFunds, while VOOG is a S&P 500 fund tracking the S&P 500 Growth Index. Over the past 10 years, UJPIX returned 32.29%/yr vs 18.00%/yr for VOOG. A 0.65 correlation means they provide meaningful diversification when combined. UJPIX charges 1.78%/yr vs 0.07%/yr for VOOG.

Performance

UJPIX vs. VOOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds UltraJapan Fund (UJPIX) and Vanguard S&P 500 Growth ETF (VOOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UJPIX achieves a 101.57% return, which is significantly higher than VOOG's 8.71% return. Over the past 10 years, UJPIX has outperformed VOOG with an annualized return of 32.29%, while VOOG has yielded a comparatively lower 18.00% annualized return.

UJPIX

• 1D: 2.99%
• 1M: 31.33%
• YTD: 101.57%
• 6M: 100.75%
• 1Y: 243.47%
• 3Y*: 63.62%
• 5Y*: 40.77%
• 10Y*: 32.29%

VOOG

• 1D: -2.34%
• 1M: -2.03%
• YTD: 8.71%
• 6M: 7.44%
• 1Y: 26.86%
• 3Y*: 25.47%
• 5Y*: 14.06%
• 10Y*: 18.00%

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

UJPIX vs. VOOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UJPIX ProFunds UltraJapan Fund	101.57%	60.72%	28.67%	70.81%	-21.63%	6.44%	23.36%	40.42%	-25.61%	39.72%
VOOG Vanguard S&P 500 Growth ETF	8.71%	22.11%	35.89%	29.96%	-29.48%	31.95%	33.35%	30.93%	-0.21%	27.19%

Correlation

The correlation between UJPIX and VOOG is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.65

The correlation between UJPIX and VOOG has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.

Return for Risk

UJPIX vs. VOOG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UJPIX

UJPIX Risk / Return Rank: 96
UJPIX Sharpe Ratio Rank: 99
UJPIX Sortino Ratio Rank: 94
UJPIX Omega Ratio Rank: 88
UJPIX Calmar Ratio Rank: 98
UJPIX Martin Ratio Rank: 98

VOOG

VOOG Risk / Return Rank: 45
VOOG Sharpe Ratio Rank: 47
VOOG Sortino Ratio Rank: 45
VOOG Omega Ratio Rank: 44
VOOG Calmar Ratio Rank: 41
VOOG Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UJPIX vs. VOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraJapan Fund (UJPIX) and Vanguard S&P 500 Growth ETF (VOOG). 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	VOOG	Difference
Sharpe ratio: Return per unit of total volatility	4.85	1.59	+3.26
Sortino ratio: Return per unit of downside risk	4.51	2.17	+2.33
Omega ratio: Gain probability vs. loss probability	1.58	1.28	+0.31
Calmar ratio: Return relative to maximum drawdown	9.24	1.97	+7.27
Martin ratio: Return relative to average drawdown	30.86	7.82	+23.04

UJPIX vs. VOOG - Sharpe Ratio Comparison

The current UJPIX Sharpe Ratio is 4.85, which is higher than the VOOG Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of UJPIX and VOOG, 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. VOOG - Drawdown Comparison

The maximum UJPIX drawdown since its inception was -89.83%, which is greater than VOOG's maximum drawdown of -32.73%. Use the drawdown chart below to compare losses from any high point for UJPIX and VOOG.

Drawdown Indicators

	UJPIX	VOOG	Difference
Max Drawdown Largest peak-to-trough decline	-89.83%	-32.73%	-57.10%
Max Drawdown (1Y) Largest decline over 1 year	-27.11%	-13.71%	-13.40%
Max Drawdown (3Y) Largest decline over 3 years	-43.92%	-22.18%	-21.74%
Max Drawdown (5Y) Largest decline over 5 years	-43.92%	-32.73%	-11.19%
Max Drawdown (10Y) Largest decline over 10 years	-56.99%	-32.73%	-24.26%
Current Drawdown Current decline from peak	0.00%	-5.49%	+5.49%
Average Drawdown Average peak-to-trough decline	-49.84%	-4.96%	-44.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.10%	3.45%	+4.65%

Volatility

UJPIX vs. VOOG - Volatility Comparison

ProFunds UltraJapan Fund (UJPIX) has a higher volatility of 20.82% compared to Vanguard S&P 500 Growth ETF (VOOG) at 7.23%. This indicates that UJPIX's price experiences larger fluctuations and is considered to be riskier than VOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UJPIX	VOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.82%	7.23%	+13.59%
Volatility (6M) Calculated over the trailing 6-month period	40.78%	13.86%	+26.92%
Volatility (1Y) Calculated over the trailing 1-year period	51.77%	17.04%	+34.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.68%	21.38%	+21.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.64%	20.81%	+20.83%

UJPIX vs. VOOG - Expense Ratio Comparison

UJPIX has a 1.78% expense ratio, which is higher than VOOG's 0.07% expense ratio.

Dividends

UJPIX vs. VOOG - Dividend Comparison

UJPIX's dividend yield for the trailing twelve months is around 19.70%, more than VOOG's 0.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UJPIX ProFunds UltraJapan Fund	19.70%	39.71%	0.00%	0.00%	0.00%	14.19%	0.00%	0.00%	2.64%	0.00%	0.00%	0.00%
VOOG Vanguard S&P 500 Growth ETF	0.46%	0.49%	0.49%	1.12%	0.93%	0.53%	0.88%	1.26%	1.34%	1.32%	1.47%	1.56%

Frequently Asked Questions

Can I hold both UJPIX and VOOG in my portfolio?

UJPIX and VOOG have a correlation of 0.69, 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 VOOG?

UJPIX has higher volatility (20.82%) compared to VOOG (7.23%). In terms of maximum drawdown, UJPIX dropped -89.83% vs VOOG's -32.73%.

Which has better risk-adjusted returns?

UJPIX currently has the higher Sharpe Ratio (4.85 vs 1.59), 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.