UKPIX vs. PMPIX
UKPIX (ProFunds Ultra Short Japan Fund) and PMPIX (ProFunds Precious Metals UltraSector Fund) are both mutual funds - UKPIX is a Inverse Equities fund managed by ProFunds, while PMPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, UKPIX returned -15.88%/yr vs 7.96%/yr for PMPIX. Their -0.16 correlation means they have often moved in opposite directions in the past. UKPIX charges 1.78%/yr vs 1.53%/yr for PMPIX.
Performance
UKPIX vs. PMPIX - Performance Comparison
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Returns By Period
In the year-to-date period, UKPIX achieves a -45.39% return, which is significantly lower than PMPIX's -21.79% return. Over the past 10 years, UKPIX has underperformed PMPIX with an annualized return of -15.88%, while PMPIX has yielded a comparatively higher 7.96% annualized return.
UKPIX
- 1D
- -0.34%
- 1M
- 13.92%
- 6M
- -36.50%
- YTD
- -45.39%
- 1Y
- -66.40%
- 3Y*
- 21.87%
- 5Y*
- 1.18%
- 10Y*
- -15.88%
- ALL TIME*
- -17.91%
PMPIX
- 1D
- 3.46%
- 1M
- -6.78%
- 6M
- -36.17%
- YTD
- -21.79%
- 1Y
- 43.84%
- 3Y*
- 47.74%
- 5Y*
- 16.36%
- 10Y*
- 7.96%
- ALL TIME*
- 6.66%
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. PMPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UKPIX ProFunds Ultra Short Japan Fund | -45.39% | -44.54% | 554.47% | -43.26% | 9.92% | -20.34% | -47.86% | -35.34% | 13.58% | -34.24% |
PMPIX ProFunds Precious Metals UltraSector Fund | -21.79% | 273.51% | 5.35% | -1.78% | -20.47% | -14.71% | 28.27% | 72.99% | -21.10% | 6.55% |
Correlation
The correlation between UKPIX and PMPIX is -0.43, 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. | -0.43 |
Correlation (3Y) Balances recent behavior with more history. | -0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.09 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2006 | -0.16 |
Over the past year, the inverse relationship between UKPIX and PMPIX has strengthened: their correlation has moved from -0.16 to -0.43, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
UKPIX vs. PMPIX — Risk / Return Rank
UKPIX
PMPIX
UKPIX vs. PMPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Ultra Short Japan Fund (UKPIX) and ProFunds Precious Metals UltraSector Fund (PMPIX). 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 | PMPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -3.62 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.18 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 1.01 | -1.92 |
| Martin ratioReturn relative to average drawdown | -1.39 | 2.12 | -3.51 |
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Drawdowns
UKPIX vs. PMPIX - Drawdown Comparison
The maximum UKPIX drawdown since its inception was -99.83%, which is greater than PMPIX's maximum drawdown of -94.34%. Use the drawdown chart below to compare losses from any high point for UKPIX and PMPIX.
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Drawdown Indicators
| UKPIX | PMPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.83% | -94.34% | -5.49% |
Max Drawdown (1Y)Largest decline over 1 year | -73.93% | -54.48% | -19.45% |
Max Drawdown (3Y)Largest decline over 3 years | -83.62% | -54.48% | -29.14% |
Max Drawdown (5Y)Largest decline over 5 years | -83.62% | -61.05% | -22.57% |
Max Drawdown (10Y)Largest decline over 10 years | -94.57% | -65.94% | -28.63% |
Current DrawdownCurrent decline from peak | -99.43% | -54.92% | -44.51% |
Average DrawdownAverage peak-to-trough decline | -82.82% | -59.63% | -23.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.72% | 25.75% | +23.97% |
Volatility
UKPIX vs. PMPIX - Volatility Comparison
ProFunds Ultra Short Japan Fund (UKPIX) has a higher volatility of 18.54% compared to ProFunds Precious Metals UltraSector Fund (PMPIX) at 17.21%. This indicates that UKPIX's price experiences larger fluctuations and is considered to be riskier than PMPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UKPIX | PMPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.54% | 17.21% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 45.61% | 54.04% | -8.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.20% | 70.98% | -15.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 425.81% | 54.22% | +371.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 302.24% | 52.85% | +249.39% |
UKPIX vs. PMPIX - Expense Ratio Comparison
UKPIX has a 1.78% expense ratio, which is higher than PMPIX's 1.53% expense ratio.
Dividends
UKPIX vs. PMPIX - Dividend Comparison
UKPIX's dividend yield for the trailing twelve months is around 3.01%, more than PMPIX's 0.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
PMPIX ProFunds Precious Metals UltraSector Fund | 0.55% | 0.43% | 1.89% | 1.31% | 0.00% |
UKPIX ProFunds Ultra Short Japan Fund | 3.01% | 1.65% | 9.69% | 1.62% | 0.00% |
Frequently Asked Questions
UKPIX and PMPIX have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UKPIX has higher volatility (18.54%) compared to PMPIX (17.21%). In terms of maximum drawdown, UKPIX dropped -99.83% vs PMPIX's -94.34%.
PMPIX currently has the higher Sharpe Ratio (0.77 vs -1.23), 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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