ULPIX vs. UGPIX

Last updated Apr 1, 2026

Compare and contrast key facts about ProFunds UltraBull Fund (ULPIX) and ProFunds UltraChina (UGPIX).

ULPIX is managed by ProFunds. It was launched on Nov 25, 1997. UGPIX is managed by ProFunds. It was launched on Feb 3, 2008.

Performance

ULPIX vs. UGPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds UltraBull Fund (ULPIX) and ProFunds UltraChina (UGPIX). The values are adjusted to include any dividend payments, if applicable.

ULPIX vs. UGPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ULPIX ProFunds UltraBull Fund	-15.24%	25.47%	38.03%	45.59%	-39.16%	59.28%	19.12%	62.17%	-15.02%	42.77%
UGPIX ProFunds UltraChina	-27.95%	36.28%	-21.79%	-11.49%	-53.03%	-73.86%	76.47%	40.07%	-46.51%	105.73%

Returns By Period

In the year-to-date period, ULPIX achieves a -15.24% return, which is significantly higher than UGPIX's -27.95% return. Over the past 10 years, ULPIX has outperformed UGPIX with an annualized return of 19.00%, while UGPIX has yielded a comparatively lower -14.29% annualized return.

ULPIX

• 1D: -0.82%
• 1M: -15.36%
• YTD: -15.24%
• 6M: -12.37%
• 1Y: 18.93%
• 3Y*: 23.76%
• 5Y*: 13.19%
• 10Y*: 19.00%

UGPIX

• 1D: -0.76%
• 1M: -18.68%
• YTD: -27.95%
• 6M: -48.28%
• 1Y: -30.96%
• 3Y*: -15.66%
• 5Y*: -37.37%
• 10Y*: -14.29%

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

ULPIX vs. UGPIX - Expense Ratio Comparison

ULPIX has a 1.46% expense ratio, which is lower than UGPIX's 1.74% expense ratio.

UGPIX

ProFunds UltraChina

ULPIX

ProFunds UltraBull Fund

Return for Risk

ULPIX vs. UGPIX — Risk / Return Rank

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

ULPIX

ULPIX Risk / Return Rank: 26
ULPIX Sharpe Ratio Rank: 23
ULPIX Sortino Ratio Rank: 29
ULPIX Omega Ratio Rank: 31
ULPIX Calmar Ratio Rank: 23
ULPIX Martin Ratio Rank: 27

UGPIX

UGPIX Risk / Return Rank: 1
UGPIX Sharpe Ratio Rank: 1
UGPIX Sortino Ratio Rank: 2
UGPIX Omega Ratio Rank: 2
UGPIX Calmar Ratio Rank: 1
UGPIX Martin Ratio Rank: 1

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.

ULPIX vs. UGPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraBull Fund (ULPIX) and ProFunds UltraChina (UGPIX). 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.

	ULPIX	UGPIX	Difference
Sharpe ratio Return per unit of total volatility	0.56	-0.55	+1.11
Sortino ratio Return per unit of downside risk	1.02	-0.51	+1.53
Omega ratio Gain probability vs. loss probability	1.15	0.94	+0.22
Calmar ratio Return relative to maximum drawdown	0.66	-0.69	+1.35
Martin ratio Return relative to average drawdown	2.89	-1.49	+4.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ULPIX vs. UGPIX - Sharpe Ratio Comparison

The current ULPIX Sharpe Ratio is 0.56, which is higher than the UGPIX Sharpe Ratio of -0.55. The chart below compares the historical Sharpe Ratios of ULPIX and UGPIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ULPIX	UGPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	-0.55	+1.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	-0.10	+0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	-0.05	+0.59
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	-0.05	+0.27

Correlation

The correlation between ULPIX and UGPIX is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ULPIX vs. UGPIX - Dividend Comparison

ULPIX's dividend yield for the trailing twelve months is around 10.75%, more than UGPIX's 8.39% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ULPIX ProFunds UltraBull Fund	10.75%	9.11%	0.00%	0.02%	10.36%	5.62%	12.74%	0.42%	0.58%	0.00%
UGPIX ProFunds UltraChina	8.39%	6.05%	2.91%	3.25%	0.00%	0.00%	0.00%	0.08%	0.00%	0.77%

Drawdowns

ULPIX vs. UGPIX - Drawdown Comparison

The maximum ULPIX drawdown since its inception was -89.68%, smaller than the maximum UGPIX drawdown of -99.66%. Use the drawdown chart below to compare losses from any high point for ULPIX and UGPIX.

Drawdown Indicators

	ULPIX	UGPIX	Difference
Max Drawdown Largest peak-to-trough decline	-89.68%	-99.66%	+9.98%
Max Drawdown (1Y) Largest decline over 1 year	-23.37%	-51.12%	+27.75%
Max Drawdown (5Y) Largest decline over 5 years	-46.92%	-98.52%	+51.60%
Max Drawdown (10Y) Largest decline over 10 years	-59.41%	-99.10%	+39.69%
Current Drawdown Current decline from peak	-18.30%	-97.95%	+79.65%
Average Drawdown Average peak-to-trough decline	-34.03%	-82.60%	+48.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.35%	23.70%	-18.35%

Volatility

ULPIX vs. UGPIX - Volatility Comparison

The current volatility for ProFunds UltraBull Fund (ULPIX) is 8.48%, while ProFunds UltraChina (UGPIX) has a volatility of 15.79%. This indicates that ULPIX experiences smaller price fluctuations and is considered to be less risky than UGPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ULPIX	UGPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.48%	15.79%	-7.31%
Volatility (6M) Calculated over the trailing 6-month period	18.17%	36.85%	-18.68%
Volatility (1Y) Calculated over the trailing 1-year period	36.41%	57.63%	-21.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.84%	390.11%	-356.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.37%	277.87%	-242.50%