UMPIX vs. DXRLX

Last updated Jun 23, 2026

UMPIX (ProFunds UltraMid Cap Fund) and DXRLX (Direxion Monthly Small Cap Bull 1.75X Fund) are both Leveraged Equities funds. Over the past 10 years, UMPIX returned 13.33%/yr vs 13.16%/yr for DXRLX. Their correlation of 0.93 suggests significant overlap in exposure. UMPIX charges 1.51%/yr vs 1.35%/yr for DXRLX.

Performance

UMPIX vs. DXRLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds UltraMid Cap Fund (UMPIX) and Direxion Monthly Small Cap Bull 1.75X Fund (DXRLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UMPIX achieves a 27.68% return, which is significantly lower than DXRLX's 34.06% return. Both investments have delivered pretty close results over the past 10 years, with UMPIX having a 13.33% annualized return and DXRLX not far behind at 13.16%.

UMPIX

• 1D: 2.19%
• 1M: 6.12%
• YTD: 27.68%
• 6M: 22.10%
• 1Y: 48.15%
• 3Y*: 20.09%
• 5Y*: 9.68%
• 10Y*: 13.33%

DXRLX

• 1D: 3.58%
• 1M: 6.53%
• YTD: 34.06%
• 6M: 27.13%
• 1Y: 74.45%
• 3Y*: 23.44%
• 5Y*: 4.11%
• 10Y*: 13.16%

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

UMPIX vs. DXRLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UMPIX ProFunds UltraMid Cap Fund	27.68%	3.62%	16.80%	22.37%	-32.05%	55.65%	5.21%	48.88%	-26.37%	23.77%
DXRLX Direxion Monthly Small Cap Bull 1.75X Fund	34.06%	15.22%	10.66%	20.05%	-40.24%	26.84%	20.98%	46.08%	-27.45%	27.06%

Correlation

The correlation between UMPIX and DXRLX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Feb 7, 2000	0.93

The correlation between UMPIX and DXRLX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

UMPIX vs. DXRLX — Risk / Return Rank

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

UMPIX

UMPIX Risk / Return Rank: 40
UMPIX Sharpe Ratio Rank: 33
UMPIX Sortino Ratio Rank: 32
UMPIX Omega Ratio Rank: 29
UMPIX Calmar Ratio Rank: 56
UMPIX Martin Ratio Rank: 48

DXRLX

DXRLX Risk / Return Rank: 64
DXRLX Sharpe Ratio Rank: 64
DXRLX Sortino Ratio Rank: 52
DXRLX Omega Ratio Rank: 44
DXRLX Calmar Ratio Rank: 85
DXRLX Martin Ratio Rank: 77

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.

UMPIX vs. DXRLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraMid Cap Fund (UMPIX) and Direxion Monthly Small Cap Bull 1.75X Fund (DXRLX). 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.

	UMPIX	DXRLX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	2.16	-0.62
Sortino ratio: Return per unit of downside risk	2.18	2.77	-0.59
Omega ratio: Gain probability vs. loss probability	1.26	1.33	-0.07
Calmar ratio: Return relative to maximum drawdown	2.74	3.83	-1.09
Martin ratio: Return relative to average drawdown	9.43	13.43	-4.00

UMPIX vs. DXRLX - Sharpe Ratio Comparison

The current UMPIX Sharpe Ratio is 1.54, which is comparable to the DXRLX Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of UMPIX and DXRLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UMPIX vs. DXRLX - Drawdown Comparison

The maximum UMPIX drawdown since its inception was -85.51%, smaller than the maximum DXRLX drawdown of -94.32%. Use the drawdown chart below to compare losses from any high point for UMPIX and DXRLX.

Drawdown Indicators

	UMPIX	DXRLX	Difference
Max Drawdown Largest peak-to-trough decline	-85.51%	-94.32%	+8.81%
Max Drawdown (1Y) Largest decline over 1 year	-17.70%	-19.38%	+1.68%
Max Drawdown (3Y) Largest decline over 3 years	-44.93%	-45.58%	+0.65%
Max Drawdown (5Y) Largest decline over 5 years	-44.93%	-57.64%	+12.71%
Max Drawdown (10Y) Largest decline over 10 years	-69.51%	-77.63%	+8.12%
Current Drawdown Current decline from peak	-0.96%	0.00%	-0.96%
Average Drawdown Average peak-to-trough decline	-22.00%	-34.55%	+12.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.13%	5.52%	-0.39%

Volatility

UMPIX vs. DXRLX - Volatility Comparison

The current volatility for ProFunds UltraMid Cap Fund (UMPIX) is 9.66%, while Direxion Monthly Small Cap Bull 1.75X Fund (DXRLX) has a volatility of 11.90%. This indicates that UMPIX experiences smaller price fluctuations and is considered to be less risky than DXRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UMPIX	DXRLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.66%	11.90%	-2.24%
Volatility (6M) Calculated over the trailing 6-month period	23.30%	25.12%	-1.82%
Volatility (1Y) Calculated over the trailing 1-year period	31.51%	34.44%	-2.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.64%	41.76%	-2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.98%	49.26%	-7.28%

UMPIX vs. DXRLX - Expense Ratio Comparison

UMPIX has a 1.51% expense ratio, which is higher than DXRLX's 1.35% expense ratio.

Dividends

UMPIX vs. DXRLX - Dividend Comparison

UMPIX's dividend yield for the trailing twelve months is around 0.15%, less than DXRLX's 1.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DXRLX Direxion Monthly Small Cap Bull 1.75X Fund	1.55%	1.23%	0.66%	0.00%	2.27%	0.84%	0.71%	3.76%	7.60%	0.00%
UMPIX ProFunds UltraMid Cap Fund	0.15%	0.19%	0.96%	0.59%	0.00%	9.49%	0.00%	2.07%	0.14%	2.33%

Frequently Asked Questions

Can I hold both UMPIX and DXRLX in my portfolio?

With a correlation of 0.92, UMPIX and DXRLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, UMPIX or DXRLX?

DXRLX has higher volatility (11.90%) compared to UMPIX (9.66%). In terms of maximum drawdown, UMPIX dropped -85.51% vs DXRLX's -94.32%.

Which has better risk-adjusted returns?

DXRLX currently has the higher Sharpe Ratio (2.16 vs 1.54), 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.