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 -19.34%/yr vs 11.38%/yr for PMPIX. At a correlation of -0.16, they often move in opposite directions. 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 -57.52% return, which is significantly lower than PMPIX's -10.99% return. Over the past 10 years, UKPIX has underperformed PMPIX with an annualized return of -19.34%, while PMPIX has yielded a comparatively higher 11.38% annualized return.
UKPIX
- 1D
- -3.00%
- 1M
- -27.10%
- YTD
- -57.52%
- 6M
- -57.32%
- 1Y
- -76.59%
- 3Y*
- 13.45%
- 5Y*
- -2.39%
- 10Y*
- -19.34%
PMPIX
- 1D
- -2.87%
- 1M
- -8.64%
- YTD
- -10.99%
- 6M
- -18.06%
- 1Y
- 75.90%
- 3Y*
- 53.25%
- 5Y*
- 19.93%
- 10Y*
- 11.38%
UKPIX vs. PMPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UKPIX ProFunds Ultra Short Japan Fund | -57.52% | -44.54% | 554.47% | -43.26% | 9.92% | -20.34% | -47.86% | -35.34% | 13.58% | -34.24% |
PMPIX ProFunds Precious Metals UltraSector Fund | -10.99% | 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 -0.36, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2006 | -0.16 |
The correlation between UKPIX and PMPIX shifts across timeframes, from -0.36 (1 year) to -0.08 (10 years), reflecting how their relationship changes across market environments.
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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 | -2.64 | ||
| Sortino ratioReturn per unit of downside risk | -4.80 | ||
| Omega ratioGain probability vs. loss probability | 0.64 | 1.23 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | 1.61 | -2.61 |
| Martin ratioReturn relative to average drawdown | -1.63 | 4.09 | -5.72 |
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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 | -76.38% | -49.65% | -26.73% |
Max Drawdown (3Y)Largest decline over 3 years | -83.62% | -49.65% | -33.97% |
Max Drawdown (5Y)Largest decline over 5 years | -83.62% | -61.05% | -22.57% |
Max Drawdown (10Y)Largest decline over 10 years | -95.41% | -65.94% | -29.47% |
Current DrawdownCurrent decline from peak | -99.56% | -48.70% | -50.86% |
Average DrawdownAverage peak-to-trough decline | -82.73% | -59.66% | -23.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.84% | 19.44% | +28.40% |
Volatility
UKPIX vs. PMPIX - Volatility Comparison
The current volatility for ProFunds Ultra Short Japan Fund (UKPIX) is 20.75%, while ProFunds Precious Metals UltraSector Fund (PMPIX) has a volatility of 24.22%. This indicates that UKPIX experiences smaller price fluctuations and is considered to be less risky 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 | 20.75% | 24.22% | -3.47% |
Volatility (6M)Calculated over the trailing 6-month period | 41.42% | 57.92% | -16.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.78% | 69.76% | -17.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 425.72% | 53.66% | +372.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 302.24% | 52.86% | +249.38% |
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 3.87%, more than PMPIX's 0.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
PMPIX ProFunds Precious Metals UltraSector Fund | 0.49% | 0.43% | 1.89% | 1.31% | 0.00% |
UKPIX ProFunds Ultra Short Japan Fund | 3.87% | 1.65% | 9.69% | 1.62% | 0.00% |
Frequently Asked Questions
UKPIX and PMPIX have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMPIX has higher volatility (24.22%) compared to UKPIX (20.75%). In terms of maximum drawdown, UKPIX dropped -99.83% vs PMPIX's -94.34%.
PMPIX currently has the higher Sharpe Ratio (1.15 vs -1.49), 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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