USPIX vs. OTPIX
USPIX (ProFunds UltraShort NASDAQ-100 Fund) and OTPIX (ProFunds NASDAQ-100 Fund) are both mutual funds - USPIX is a Inverse Equities fund managed by ProFunds, while OTPIX is a Large Cap Growth Equities fund managed by ProFunds. Over the past 10 years, USPIX returned -40.58%/yr vs 6.24%/yr for OTPIX. At a correlation of -0.99, they often move in opposite directions. USPIX charges 1.68%/yr vs 1.48%/yr for OTPIX.
Performance
USPIX vs. OTPIX - 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 OTPIX's 19.41% return. Over the past 10 years, USPIX has underperformed OTPIX with an annualized return of -40.58%, while OTPIX has yielded a comparatively higher 6.24% 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%
OTPIX
- 1D
- -0.21%
- 1M
- 2.80%
- YTD
- 19.41%
- 6M
- 17.80%
- 1Y
- 37.09%
- 3Y*
- -21.30%
- 5Y*
- -10.16%
- 10Y*
- 6.24%
USPIX vs. OTPIX - 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% |
OTPIX ProFunds NASDAQ-100 Fund | 19.41% | 18.08% | -69.20% | 51.66% | -34.36% | 48.75% | 45.00% | 36.58% | -1.75% | 29.45% |
Correlation
The correlation between USPIX and OTPIX is -1.00, 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 | -1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.99 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2000 | -0.99 |
The correlation between USPIX and OTPIX has been stable across timeframes, ranging from -1.00 to -0.99 - a consistent structural relationship.
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Return for Risk
USPIX vs. OTPIX — Risk / Return Rank
USPIX
OTPIX
USPIX vs. OTPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort NASDAQ-100 Fund (USPIX) and ProFunds NASDAQ-100 Fund (OTPIX). 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 | OTPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.59 | ||
| Sortino ratioReturn per unit of downside risk | -5.24 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.38 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | 3.09 | -4.10 |
| Martin ratioReturn relative to average drawdown | -1.94 | 11.29 | -13.22 |
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Drawdowns
USPIX vs. OTPIX - Drawdown Comparison
The maximum USPIX drawdown since its inception was -100.00%, which is greater than OTPIX's maximum drawdown of -79.55%. Use the drawdown chart below to compare losses from any high point for USPIX and OTPIX.
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Drawdown Indicators
| USPIX | OTPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -79.55% | -20.45% |
Max Drawdown (1Y)Largest decline over 1 year | -47.36% | -12.53% | -34.83% |
Max Drawdown (3Y)Largest decline over 3 years | -80.96% | -79.55% | -1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -89.53% | -79.55% | -9.98% |
Max Drawdown (10Y)Largest decline over 10 years | -99.48% | -79.55% | -19.93% |
Current DrawdownCurrent decline from peak | -100.00% | -64.41% | -35.59% |
Average DrawdownAverage peak-to-trough decline | -96.43% | -22.88% | -73.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.85% | 3.42% | +23.43% |
Volatility
USPIX vs. OTPIX - Volatility Comparison
ProFunds UltraShort NASDAQ-100 Fund (USPIX) has a higher volatility of 16.48% compared to ProFunds NASDAQ-100 Fund (OTPIX) at 8.32%. This indicates that USPIX's price experiences larger fluctuations and is considered to be riskier than OTPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USPIX | OTPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.48% | 8.32% | +8.16% |
Volatility (6M)Calculated over the trailing 6-month period | 28.35% | 14.17% | +14.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.40% | 17.69% | +17.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.66% | 41.89% | +3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.62% | 33.31% | +11.31% |
USPIX vs. OTPIX - Expense Ratio Comparison
USPIX has a 1.68% expense ratio, which is higher than OTPIX's 1.48% expense ratio.
Dividends
USPIX vs. OTPIX - Dividend Comparison
USPIX's dividend yield for the trailing twelve months is around 3.99%, more than OTPIX's 1.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
OTPIX ProFunds NASDAQ-100 Fund | 1.44% | 1.72% | 0.76% | 0.00% | 0.00% | 18.31% | 1.10% | 0.87% |
USPIX ProFunds UltraShort NASDAQ-100 Fund | 3.99% | 2.71% | 0.00% | 5.92% | 0.00% | 0.00% | 0.07% | 0.36% |
Frequently Asked Questions
USPIX and OTPIX have a correlation of -1.00, 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 OTPIX (8.32%). In terms of maximum drawdown, USPIX dropped -100.00% vs OTPIX's -79.55%.
OTPIX currently has the higher Sharpe Ratio (2.19 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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