USPIX vs. MSFT
USPIX (ProFunds UltraShort NASDAQ-100 Fund) is Inverse Equities fund managed by ProFunds, while MSFT (Microsoft Corporation) is a stock. Over the past 10 years, USPIX returned -40.58%/yr vs 23.85%/yr for MSFT. At a correlation of -0.74, they often move in opposite directions.
Performance
USPIX vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, USPIX achieves a -32.26% return, which is significantly lower than MSFT's -22.33% return. Over the past 10 years, USPIX has underperformed MSFT with an annualized return of -40.58%, while MSFT has yielded a comparatively higher 23.85% annualized return.
USPIX
- 1D
- 0.56%
- 1M
- -6.83%
- YTD
- -32.26%
- 6M
- -30.30%
- 1Y
- -48.38%
- 3Y*
- -39.84%
- 5Y*
- -32.97%
- 10Y*
- -40.58%
MSFT
- 1D
- 1.80%
- 1M
- -10.66%
- YTD
- -22.33%
- 6M
- -22.85%
- 1Y
- -22.44%
- 3Y*
- 4.54%
- 5Y*
- 7.88%
- 10Y*
- 23.85%
USPIX vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USPIX ProFunds UltraShort NASDAQ-100 Fund | -32.26% | -35.26% | -38.20% | -57.06% | 61.80% | -46.20% | -70.91% | -50.15% | -9.56% | -44.56% |
MSFT Microsoft Corporation | -22.33% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
Correlation
The correlation between USPIX and MSFT is -0.49, 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 | -0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.79 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 1998 | -0.74 |
Over the past year, the inverse relationship between USPIX and MSFT has weakened: their correlation has moved from -0.74 to -0.49, meaning they move in opposite directions less often than they have historically.
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Return for Risk
USPIX vs. MSFT — Risk / Return Rank
USPIX
MSFT
USPIX vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort NASDAQ-100 Fund (USPIX) and Microsoft Corporation (MSFT). 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.
| USPIX | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 0.86 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | -0.66 | -0.35 |
| Martin ratioReturn relative to average drawdown | -1.94 | -1.32 | -0.62 |
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Drawdowns
USPIX vs. MSFT - Drawdown Comparison
The maximum USPIX drawdown since its inception was -100.00%, which is greater than MSFT's maximum drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for USPIX and MSFT.
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Drawdown Indicators
| USPIX | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -69.38% | -30.62% |
Max Drawdown (1Y)Largest decline over 1 year | -47.36% | -33.91% | -13.45% |
Max Drawdown (3Y)Largest decline over 3 years | -80.96% | -33.91% | -47.05% |
Max Drawdown (5Y)Largest decline over 5 years | -89.53% | -37.15% | -52.38% |
Max Drawdown (10Y)Largest decline over 10 years | -99.48% | -37.15% | -62.33% |
Current DrawdownCurrent decline from peak | -100.00% | -30.58% | -69.42% |
Average DrawdownAverage peak-to-trough decline | -96.43% | -21.79% | -74.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.85% | 17.08% | +9.77% |
Volatility
USPIX vs. MSFT - Volatility Comparison
ProFunds UltraShort NASDAQ-100 Fund (USPIX) has a higher volatility of 16.48% compared to Microsoft Corporation (MSFT) at 11.34%. This indicates that USPIX's price experiences larger fluctuations and is considered to be riskier than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USPIX | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.48% | 11.34% | +5.14% |
Volatility (6M)Calculated over the trailing 6-month period | 28.35% | 22.94% | +5.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.40% | 26.02% | +9.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.66% | 26.79% | +18.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.62% | 27.09% | +17.53% |
Dividends
USPIX vs. MSFT - Dividend Comparison
USPIX's dividend yield for the trailing twelve months is around 3.99%, more than MSFT's 0.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | 0.95% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
USPIX ProFunds UltraShort NASDAQ-100 Fund | 3.99% | 2.71% | 0.00% | 5.92% | 0.00% | 0.00% | 0.07% | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
USPIX and MSFT have a correlation of -0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USPIX has higher volatility (16.48%) compared to MSFT (11.34%). In terms of maximum drawdown, USPIX dropped -100.00% vs MSFT's -69.38%.
MSFT currently has the higher Sharpe Ratio (-0.87 vs -1.40), 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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