USPIX vs. UDPIX
USPIX (ProFunds UltraShort NASDAQ-100 Fund) and UDPIX (ProFunds Ultra Dow 30 ProFund) are both mutual funds - USPIX is a Inverse Equities fund managed by ProFunds, while UDPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, USPIX returned -40.20%/yr vs 21.76%/yr for UDPIX. At a correlation of -0.77, they often move in opposite directions. USPIX charges 1.68%/yr vs 1.54%/yr for UDPIX.
Performance
USPIX vs. UDPIX - Performance Comparison
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Returns By Period
In the year-to-date period, USPIX achieves a -27.80% return, which is significantly lower than UDPIX's 12.95% return. Over the past 10 years, USPIX has underperformed UDPIX with an annualized return of -40.20%, while UDPIX has yielded a comparatively higher 21.76% annualized return.
USPIX
- 1D
- 6.59%
- 1M
- -0.69%
- YTD
- -27.80%
- 6M
- -25.33%
- 1Y
- -43.25%
- 3Y*
- -38.54%
- 5Y*
- -31.94%
- 10Y*
- -40.20%
UDPIX
- 1D
- -0.19%
- 1M
- 4.01%
- YTD
- 12.95%
- 6M
- 9.76%
- 1Y
- 37.33%
- 3Y*
- 25.02%
- 5Y*
- 14.15%
- 10Y*
- 21.76%
USPIX vs. UDPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USPIX ProFunds UltraShort NASDAQ-100 Fund | -27.80% | -35.26% | -38.20% | -57.06% | 61.80% | -46.20% | -70.91% | -50.15% | -9.56% | -44.56% |
UDPIX ProFunds Ultra Dow 30 ProFund | 12.95% | 19.96% | 18.13% | 23.94% | -19.89% | 52.21% | 15.74% | 47.47% | -13.82% | 54.86% |
Correlation
The correlation between USPIX and UDPIX is -0.63, 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 | -0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.71 |
Correlation (All Time) Calculated using the full available price history since May 31, 2002 | -0.77 |
The correlation between USPIX and UDPIX shifts across timeframes, from -0.77 (all time) to -0.63 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
USPIX vs. UDPIX — Risk / Return Rank
USPIX
UDPIX
USPIX vs. UDPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort NASDAQ-100 Fund (USPIX) and ProFunds Ultra Dow 30 ProFund (UDPIX). 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 | UDPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.89 | ||
| Sortino ratioReturn per unit of downside risk | -4.37 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.28 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 2.11 | -3.06 |
| Martin ratioReturn relative to average drawdown | -1.90 | 7.69 | -9.59 |
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Drawdowns
USPIX vs. UDPIX - Drawdown Comparison
The maximum USPIX drawdown since its inception was -100.00%, which is greater than UDPIX's maximum drawdown of -81.97%. Use the drawdown chart below to compare losses from any high point for USPIX and UDPIX.
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Drawdown Indicators
| USPIX | UDPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -81.97% | -18.03% |
Max Drawdown (1Y)Largest decline over 1 year | -47.13% | -19.37% | -27.76% |
Max Drawdown (3Y)Largest decline over 3 years | -80.96% | -33.41% | -47.55% |
Max Drawdown (5Y)Largest decline over 5 years | -89.53% | -40.44% | -49.09% |
Max Drawdown (10Y)Largest decline over 10 years | -99.48% | -63.40% | -36.08% |
Current DrawdownCurrent decline from peak | -100.00% | -1.41% | -98.59% |
Average DrawdownAverage peak-to-trough decline | -96.43% | -17.53% | -78.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.69% | 5.29% | +20.40% |
Volatility
USPIX vs. UDPIX - Volatility Comparison
ProFunds UltraShort NASDAQ-100 Fund (USPIX) has a higher volatility of 17.82% compared to ProFunds Ultra Dow 30 ProFund (UDPIX) at 8.47%. This indicates that USPIX's price experiences larger fluctuations and is considered to be riskier than UDPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USPIX | UDPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.82% | 8.47% | +9.35% |
Volatility (6M)Calculated over the trailing 6-month period | 29.00% | 19.63% | +9.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.99% | 24.93% | +11.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.76% | 30.12% | +15.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.59% | 35.14% | +9.45% |
USPIX vs. UDPIX - Expense Ratio Comparison
USPIX has a 1.68% expense ratio, which is higher than UDPIX's 1.54% expense ratio.
Dividends
USPIX vs. UDPIX - Dividend Comparison
USPIX's dividend yield for the trailing twelve months is around 3.75%, more than UDPIX's 3.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
UDPIX ProFunds Ultra Dow 30 ProFund | 3.45% | 3.90% | 0.00% | 0.95% | 0.00% | 13.43% | 14.53% | 1.96% | 0.93% | 0.02% |
USPIX ProFunds UltraShort NASDAQ-100 Fund | 3.75% | 2.71% | 0.00% | 5.92% | 0.00% | 0.00% | 0.07% | 0.36% | 0.00% | 0.00% |
Frequently Asked Questions
USPIX and UDPIX have a correlation of -0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USPIX has higher volatility (17.82%) compared to UDPIX (8.47%). In terms of maximum drawdown, USPIX dropped -100.00% vs UDPIX's -81.97%.
UDPIX currently has the higher Sharpe Ratio (1.64 vs -1.25), 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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