ULPIX vs. UDPIX
ULPIX (ProFunds UltraBull Fund) and UDPIX (ProFunds Ultra Dow 30 ProFund) are both Leveraged Equities funds from ProFunds. Over the past 10 years, ULPIX returned 23.21%/yr vs 21.78%/yr for UDPIX. Their correlation of 0.93 suggests significant overlap in exposure. ULPIX charges 1.46%/yr vs 1.54%/yr for UDPIX.
Performance
ULPIX vs. UDPIX - Performance Comparison
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Returns By Period
In the year-to-date period, ULPIX achieves a 16.02% return, which is significantly higher than UDPIX's 13.17% return. Over the past 10 years, ULPIX has outperformed UDPIX with an annualized return of 23.21%, while UDPIX has yielded a comparatively lower 21.78% annualized return.
ULPIX
- 1D
- -0.78%
- 1M
- -0.52%
- YTD
- 16.02%
- 6M
- 13.77%
- 1Y
- 45.84%
- 3Y*
- 32.87%
- 5Y*
- 17.45%
- 10Y*
- 23.21%
UDPIX
- 1D
- 0.52%
- 1M
- 4.21%
- YTD
- 13.17%
- 6M
- 11.25%
- 1Y
- 40.87%
- 3Y*
- 25.10%
- 5Y*
- 14.62%
- 10Y*
- 21.78%
ULPIX vs. UDPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ULPIX ProFunds UltraBull Fund | 16.02% | 25.47% | 38.03% | 45.59% | -39.16% | 59.28% | 19.12% | 62.17% | -15.02% | 42.77% |
UDPIX ProFunds Ultra Dow 30 ProFund | 13.17% | 19.96% | 18.13% | 23.94% | -19.89% | 52.21% | 15.74% | 47.47% | -13.82% | 54.86% |
Correlation
The correlation between ULPIX and UDPIX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since May 31, 2002 | 0.93 |
The correlation between ULPIX and UDPIX shifts across timeframes, from 0.81 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ULPIX vs. UDPIX — Risk / Return Rank
ULPIX
UDPIX
ULPIX vs. UDPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraBull Fund (ULPIX) and ProFunds Ultra Dow 30 ProFund (UDPIX). 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.
| ULPIX | UDPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.29 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 2.25 | +0.42 |
| Martin ratioReturn relative to average drawdown | 11.36 | 8.21 | +3.16 |
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Drawdowns
ULPIX vs. UDPIX - Drawdown Comparison
The maximum ULPIX drawdown since its inception was -89.68%, which is greater than UDPIX's maximum drawdown of -81.97%. Use the drawdown chart below to compare losses from any high point for ULPIX and UDPIX.
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Drawdown Indicators
| ULPIX | UDPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.68% | -81.97% | -7.71% |
Max Drawdown (1Y)Largest decline over 1 year | -18.30% | -19.37% | +1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -36.59% | -33.41% | -3.18% |
Max Drawdown (5Y)Largest decline over 5 years | -46.92% | -40.44% | -6.48% |
Max Drawdown (10Y)Largest decline over 10 years | -59.41% | -63.40% | +3.99% |
Current DrawdownCurrent decline from peak | -3.93% | -1.21% | -2.72% |
Average DrawdownAverage peak-to-trough decline | -33.78% | -17.53% | -16.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 5.29% | -1.00% |
Volatility
ULPIX vs. UDPIX - Volatility Comparison
ProFunds UltraBull Fund (ULPIX) has a higher volatility of 9.35% compared to ProFunds Ultra Dow 30 ProFund (UDPIX) at 8.50%. This indicates that ULPIX's price experiences larger fluctuations and is considered to be riskier than UDPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ULPIX | UDPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.35% | 8.50% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 19.65% | 19.63% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.96% | 24.98% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.09% | 30.12% | +3.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.54% | 35.21% | +0.33% |
ULPIX vs. UDPIX - Expense Ratio Comparison
ULPIX has a 1.46% expense ratio, which is lower than UDPIX's 1.54% expense ratio.
Dividends
ULPIX vs. UDPIX - Dividend Comparison
ULPIX's dividend yield for the trailing twelve months is around 7.85%, more than UDPIX's 3.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
UDPIX ProFunds Ultra Dow 30 ProFund | 3.45% | 3.90% | 0.00% | 0.95% | 0.00% | 13.43% | 14.53% | 1.96% | 0.93% | 0.02% |
ULPIX ProFunds UltraBull Fund | 7.85% | 9.11% | 0.00% | 0.02% | 10.36% | 5.62% | 12.74% | 0.42% | 0.58% | 0.00% |
Frequently Asked Questions
ULPIX and UDPIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ULPIX has higher volatility (9.35%) compared to UDPIX (8.50%). In terms of maximum drawdown, ULPIX dropped -89.68% vs UDPIX's -81.97%.
ULPIX currently has the higher Sharpe Ratio (1.96 vs 1.75), 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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