USPIX vs. PHPIX
USPIX (ProFunds UltraShort NASDAQ-100 Fund) and PHPIX (ProFunds Pharmaceuticals UltraSector Fund) are both mutual funds - USPIX is a Inverse Equities fund managed by ProFunds, while PHPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, USPIX returned -38.59%/yr vs 7.82%/yr for PHPIX. Their -0.52 correlation means they have often moved in opposite directions in the past. USPIX charges 1.68%/yr vs 1.78%/yr for PHPIX.
Performance
USPIX vs. PHPIX - Performance Comparison
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Returns By Period
In the year-to-date period, USPIX achieves a -25.41% return, which is significantly lower than PHPIX's 29.68% return. Over the past 10 years, USPIX has underperformed PHPIX with an annualized return of -38.59%, while PHPIX has yielded a comparatively higher 7.82% annualized return.
USPIX
- 1D
- -3.42%
- 1M
- 3.40%
- 6M
- -25.13%
- YTD
- -25.41%
- 1Y
- -36.49%
- 3Y*
- -36.95%
- 5Y*
- -30.06%
- 10Y*
- -38.59%
- ALL TIME*
- -35.29%
PHPIX
- 1D
- 0.45%
- 1M
- 1.77%
- 6M
- 27.22%
- YTD
- 29.68%
- 1Y
- 92.19%
- 3Y*
- 20.22%
- 5Y*
- 11.00%
- 10Y*
- 7.82%
- ALL TIME*
- 4.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
USPIX vs. PHPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USPIX ProFunds UltraShort NASDAQ-100 Fund | -25.41% | -35.26% | -38.20% | -57.06% | 61.80% | -46.20% | -70.91% | -50.15% | -9.56% | -44.56% |
PHPIX ProFunds Pharmaceuticals UltraSector Fund | 29.68% | 41.41% | 1.36% | -11.28% | -10.73% | 28.10% | 15.48% | 19.98% | -14.91% | 10.19% |
Correlation
The correlation between USPIX and PHPIX is -0.32, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.32 |
Correlation (3Y) Balances recent behavior with more history. | -0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.45 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2000 | -0.52 |
The correlation between USPIX and PHPIX shifts across timeframes, from -0.52 (all time) to -0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
USPIX vs. PHPIX — Risk / Return Rank
USPIX
PHPIX
USPIX vs. PHPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort NASDAQ-100 Fund (USPIX) and ProFunds Pharmaceuticals UltraSector Fund (PHPIX). 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 | PHPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.98 | ||
| Sortino ratioReturn per unit of downside risk | -5.11 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.44 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 5.61 | -6.49 |
| Martin ratioReturn relative to average drawdown | -1.63 | 19.38 | -21.01 |
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Drawdowns
USPIX vs. PHPIX - Drawdown Comparison
The maximum USPIX drawdown since its inception was -100.00%, which is greater than PHPIX's maximum drawdown of -77.37%. Use the drawdown chart below to compare losses from any high point for USPIX and PHPIX.
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Drawdown Indicators
| USPIX | PHPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -77.37% | -22.63% |
Max Drawdown (1Y)Largest decline over 1 year | -44.62% | -17.65% | -26.97% |
Max Drawdown (3Y)Largest decline over 3 years | -80.96% | -35.00% | -45.96% |
Max Drawdown (5Y)Largest decline over 5 years | -89.53% | -39.21% | -50.32% |
Max Drawdown (10Y)Largest decline over 10 years | -99.34% | -45.46% | -53.88% |
Current DrawdownCurrent decline from peak | -100.00% | -4.39% | -95.61% |
Average DrawdownAverage peak-to-trough decline | -96.45% | -31.52% | -64.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.77% | 5.10% | +19.67% |
Volatility
USPIX vs. PHPIX - Volatility Comparison
ProFunds UltraShort NASDAQ-100 Fund (USPIX) has a higher volatility of 13.93% compared to ProFunds Pharmaceuticals UltraSector Fund (PHPIX) at 11.42%. This indicates that USPIX's price experiences larger fluctuations and is considered to be riskier than PHPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USPIX | PHPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.93% | 11.42% | +2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 31.96% | 26.00% | +5.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.64% | 33.42% | +5.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.19% | 28.85% | +17.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.78% | 28.18% | +16.60% |
USPIX vs. PHPIX - Expense Ratio Comparison
USPIX has a 1.68% expense ratio, which is lower than PHPIX's 1.78% expense ratio.
Dividends
USPIX vs. PHPIX - Dividend Comparison
USPIX's dividend yield for the trailing twelve months is around 3.63%, more than PHPIX's 0.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHPIX ProFunds Pharmaceuticals UltraSector Fund | 0.69% | 0.89% | 1.06% | 0.48% | 0.00% | 11.83% | 0.38% | 0.00% | 4.17% | 0.00% | 0.00% | 0.08% |
USPIX ProFunds UltraShort NASDAQ-100 Fund | 3.63% | 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 PHPIX have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USPIX has higher volatility (13.93%) compared to PHPIX (11.42%). In terms of maximum drawdown, USPIX dropped -100.00% vs PHPIX's -77.37%.
PHPIX currently has the higher Sharpe Ratio (2.97 vs -1.01), 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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