URPIX vs. UVPIX
URPIX (ProFunds UltraBear Fund) and UVPIX (ProFunds Ultra Short Emerging Market Fund) are both Inverse Equities funds from ProFunds. Over the past 10 years, URPIX returned -28.98%/yr vs -27.97%/yr for UVPIX. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 1.78% expense ratio.
Performance
URPIX vs. UVPIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, URPIX achieves a -15.44% return, which is significantly lower than UVPIX's -13.99% return. Both investments have delivered pretty close results over the past 10 years, with URPIX having a -28.98% annualized return and UVPIX not far ahead at -27.97%.
URPIX
- 1D
- 0.83%
- 1M
- 0.00%
- YTD
- -15.44%
- 6M
- -13.64%
- 1Y
- -32.58%
- 3Y*
- -29.03%
- 5Y*
- -22.65%
- 10Y*
- -28.98%
UVPIX
- 1D
- -1.28%
- 1M
- -0.97%
- YTD
- -13.99%
- 6M
- -13.26%
- 1Y
- -40.45%
- 3Y*
- -32.45%
- 5Y*
- -19.35%
- 10Y*
- -27.97%
URPIX vs. UVPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
URPIX ProFunds UltraBear Fund | -15.44% | -27.06% | -32.89% | -31.77% | 29.74% | -43.61% | -51.10% | -42.03% | 4.20% | -32.58% |
UVPIX ProFunds Ultra Short Emerging Market Fund | -13.99% | -49.90% | -17.67% | -27.06% | 1.35% | 15.70% | -57.91% | -39.81% | 20.65% | -48.37% |
Correlation
The correlation between URPIX and UVPIX is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2006 | 0.73 |
The correlation between URPIX and UVPIX has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
URPIX vs. UVPIX — Risk / Return Rank
URPIX
UVPIX
URPIX vs. UVPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraBear Fund (URPIX) and ProFunds Ultra Short Emerging Market Fund (UVPIX). 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.
| URPIX | UVPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.84 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | -0.90 | -0.07 |
| Martin ratioReturn relative to average drawdown | -1.68 | -1.27 | -0.40 |
Loading charts...
Drawdowns
URPIX vs. UVPIX - Drawdown Comparison
The maximum URPIX drawdown since its inception was -99.92%, roughly equal to the maximum UVPIX drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for URPIX and UVPIX.
Loading charts...
Drawdown Indicators
| URPIX | UVPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -99.86% | -0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -33.47% | -43.77% | +10.30% |
Max Drawdown (3Y)Largest decline over 3 years | -69.89% | -75.41% | +5.52% |
Max Drawdown (5Y)Largest decline over 5 years | -76.97% | -83.54% | +6.57% |
Max Drawdown (10Y)Largest decline over 10 years | -96.96% | -96.71% | -0.25% |
Current DrawdownCurrent decline from peak | -99.92% | -99.85% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -79.10% | -89.50% | +10.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.49% | 33.04% | -11.55% |
Volatility
URPIX vs. UVPIX - Volatility Comparison
The current volatility for ProFunds UltraBear Fund (URPIX) is 9.34%, while ProFunds Ultra Short Emerging Market Fund (UVPIX) has a volatility of 14.18%. This indicates that URPIX experiences smaller price fluctuations and is considered to be less risky than UVPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| URPIX | UVPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.34% | 14.18% | -4.84% |
Volatility (6M)Calculated over the trailing 6-month period | 19.81% | 34.90% | -15.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.08% | 42.85% | -17.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.01% | 48.17% | -14.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.72% | 46.56% | -10.84% |
URPIX vs. UVPIX - Expense Ratio Comparison
Both URPIX and UVPIX have an expense ratio of 1.78%.
Dividends
URPIX vs. UVPIX - Dividend Comparison
URPIX's dividend yield for the trailing twelve months is around 3.23%, less than UVPIX's 10.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
URPIX ProFunds UltraBear Fund | 3.23% | 2.73% | 0.00% | 3.02% | 0.00% | 0.00% | 0.47% | 0.00% |
UVPIX ProFunds Ultra Short Emerging Market Fund | 10.45% | 8.99% | 0.00% | 7.25% | 0.00% | 0.00% | 0.00% | 0.49% |
Frequently Asked Questions
URPIX and UVPIX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVPIX has higher volatility (14.18%) compared to URPIX (9.34%). In terms of maximum drawdown, URPIX dropped -99.92% vs UVPIX's -99.86%.
UVPIX currently has the higher Sharpe Ratio (-0.96 vs -1.35), 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.
Find the right allocation for URPIX and UVPIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer