UKPIX vs. ENPIX
UKPIX (ProFunds Ultra Short Japan Fund) and ENPIX (ProFunds UltraSector Oil & Gas Fund) are both mutual funds - UKPIX is a Inverse Equities fund managed by ProFunds, while ENPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, UKPIX returned -15.97%/yr vs 7.88%/yr for ENPIX. Their -0.46 correlation means they have often moved in opposite directions in the past. UKPIX charges 1.78%/yr vs 1.51%/yr for ENPIX.
Performance
UKPIX vs. ENPIX - Performance Comparison
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Returns By Period
In the year-to-date period, UKPIX achieves a -45.96% return, which is significantly lower than ENPIX's 48.84% return. Over the past 10 years, UKPIX has underperformed ENPIX with an annualized return of -15.97%, while ENPIX has yielded a comparatively higher 7.88% annualized return.
UKPIX
- 1D
- -7.70%
- 1M
- 12.75%
- 6M
- -38.57%
- YTD
- -45.96%
- 1Y
- -67.69%
- 3Y*
- 24.54%
- 5Y*
- 0.86%
- 10Y*
- -15.97%
- ALL TIME*
- -17.96%
ENPIX
- 1D
- 0.83%
- 1M
- 15.87%
- 6M
- 22.86%
- YTD
- 48.84%
- 1Y
- 59.39%
- 3Y*
- 14.50%
- 5Y*
- 28.19%
- 10Y*
- 7.88%
- ALL TIME*
- 5.22%
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 |
UKPIX vs. ENPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UKPIX ProFunds Ultra Short Japan Fund | -45.96% | -44.54% | 554.47% | -43.26% | 9.92% | -20.34% | -47.86% | -35.34% | 13.58% | -34.24% |
ENPIX ProFunds UltraSector Oil & Gas Fund | 48.84% | 4.99% | 2.30% | -7.46% | 92.17% | 82.32% | -53.71% | 10.35% | -30.54% | -5.59% |
Correlation
The correlation between UKPIX and ENPIX is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (3Y) Balances recent behavior with more history. | -0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.22 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.36 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2006 | -0.46 |
The correlation between UKPIX and ENPIX shifts across timeframes, from -0.46 (all time) to 0.08 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UKPIX vs. ENPIX — Risk / Return Rank
UKPIX
ENPIX
UKPIX vs. ENPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Ultra Short Japan Fund (UKPIX) and ProFunds UltraSector Oil & Gas Fund (ENPIX). 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.
| UKPIX | ENPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.93 | ||
| Sortino ratioReturn per unit of downside risk | -4.44 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.27 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 2.35 | -3.25 |
| Martin ratioReturn relative to average drawdown | -1.35 | 6.10 | -7.45 |
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Drawdowns
UKPIX vs. ENPIX - Drawdown Comparison
The maximum UKPIX drawdown since its inception was -99.83%, which is greater than ENPIX's maximum drawdown of -90.12%. Use the drawdown chart below to compare losses from any high point for UKPIX and ENPIX.
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Drawdown Indicators
| UKPIX | ENPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.83% | -90.12% | -9.71% |
Max Drawdown (1Y)Largest decline over 1 year | -74.60% | -23.01% | -51.59% |
Max Drawdown (3Y)Largest decline over 3 years | -83.62% | -32.27% | -51.35% |
Max Drawdown (5Y)Largest decline over 5 years | -83.62% | -36.48% | -47.14% |
Max Drawdown (10Y)Largest decline over 10 years | -94.57% | -84.54% | -10.03% |
Current DrawdownCurrent decline from peak | -99.43% | -9.70% | -89.73% |
Average DrawdownAverage peak-to-trough decline | -82.82% | -36.77% | -46.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.36% | 8.88% | +40.48% |
Volatility
UKPIX vs. ENPIX - Volatility Comparison
ProFunds Ultra Short Japan Fund (UKPIX) has a higher volatility of 19.08% compared to ProFunds UltraSector Oil & Gas Fund (ENPIX) at 9.02%. This indicates that UKPIX's price experiences larger fluctuations and is considered to be riskier than ENPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UKPIX | ENPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.08% | 9.02% | +10.06% |
Volatility (6M)Calculated over the trailing 6-month period | 45.61% | 25.12% | +20.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.21% | 31.65% | +23.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 425.82% | 38.45% | +387.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 302.13% | 44.70% | +257.43% |
UKPIX vs. ENPIX - Expense Ratio Comparison
UKPIX has a 1.78% expense ratio, which is higher than ENPIX's 1.51% expense ratio.
Dividends
UKPIX vs. ENPIX - Dividend Comparison
UKPIX's dividend yield for the trailing twelve months is around 3.05%, more than ENPIX's 1.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENPIX ProFunds UltraSector Oil & Gas Fund | 1.86% | 2.76% | 3.19% | 0.87% | 2.76% | 1.59% | 1.76% | 1.34% | 1.76% | 0.84% | 0.57% | 0.56% |
UKPIX ProFunds Ultra Short Japan Fund | 3.05% | 1.65% | 9.69% | 1.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UKPIX and ENPIX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UKPIX has higher volatility (19.08%) compared to ENPIX (9.02%). In terms of maximum drawdown, UKPIX dropped -99.83% vs ENPIX's -90.12%.
ENPIX currently has the higher Sharpe Ratio (1.71 vs -1.21), 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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