USPIX vs. UMPIX
USPIX (ProFunds UltraShort NASDAQ-100 Fund) and UMPIX (ProFunds UltraMid Cap Fund) are both mutual funds - USPIX is a Inverse Equities fund managed by ProFunds, while UMPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, USPIX returned -38.59%/yr vs 12.37%/yr for UMPIX. Their -0.78 correlation means they have often moved in opposite directions in the past. USPIX charges 1.68%/yr vs 1.51%/yr for UMPIX.
Performance
USPIX vs. UMPIX - 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 UMPIX's 27.43% return. Over the past 10 years, USPIX has underperformed UMPIX with an annualized return of -38.59%, while UMPIX has yielded a comparatively higher 12.37% 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%
UMPIX
- 1D
- 2.21%
- 1M
- -0.64%
- 6M
- 16.12%
- YTD
- 27.43%
- 1Y
- 37.89%
- 3Y*
- 17.30%
- 5Y*
- 8.57%
- 10Y*
- 12.37%
- ALL TIME*
- 9.67%
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. UMPIX - 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% |
UMPIX ProFunds UltraMid Cap Fund | 27.43% | 3.62% | 16.80% | 22.37% | -32.05% | 55.65% | 5.21% | 48.88% | -26.37% | 23.77% |
Correlation
The correlation between USPIX and UMPIX is -0.65, 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. | -0.65 |
Correlation (3Y) Balances recent behavior with more history. | -0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.72 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.68 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2000 | -0.78 |
The correlation between USPIX and UMPIX shifts across timeframes, from -0.78 (all time) to -0.65 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
USPIX vs. UMPIX — Risk / Return Rank
USPIX
UMPIX
USPIX vs. UMPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort NASDAQ-100 Fund (USPIX) and ProFunds UltraMid Cap Fund (UMPIX). 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 | UMPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.46 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.24 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 2.34 | -3.21 |
| Martin ratioReturn relative to average drawdown | -1.63 | 8.01 | -9.64 |
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Drawdowns
USPIX vs. UMPIX - Drawdown Comparison
The maximum USPIX drawdown since its inception was -100.00%, which is greater than UMPIX's maximum drawdown of -85.51%. Use the drawdown chart below to compare losses from any high point for USPIX and UMPIX.
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Drawdown Indicators
| USPIX | UMPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -85.51% | -14.49% |
Max Drawdown (1Y)Largest decline over 1 year | -44.62% | -17.70% | -26.92% |
Max Drawdown (3Y)Largest decline over 3 years | -80.96% | -44.93% | -36.03% |
Max Drawdown (5Y)Largest decline over 5 years | -89.53% | -44.93% | -44.60% |
Max Drawdown (10Y)Largest decline over 10 years | -99.34% | -69.51% | -29.83% |
Current DrawdownCurrent decline from peak | -100.00% | -3.28% | -96.72% |
Average DrawdownAverage peak-to-trough decline | -96.45% | -21.92% | -74.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.77% | 5.17% | +19.60% |
Volatility
USPIX vs. UMPIX - Volatility Comparison
ProFunds UltraShort NASDAQ-100 Fund (USPIX) has a higher volatility of 13.93% compared to ProFunds UltraMid Cap Fund (UMPIX) at 7.18%. This indicates that USPIX's price experiences larger fluctuations and is considered to be riskier than UMPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USPIX | UMPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.93% | 7.18% | +6.75% |
Volatility (6M)Calculated over the trailing 6-month period | 31.96% | 23.10% | +8.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.64% | 31.19% | +7.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.19% | 39.44% | +6.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.78% | 41.85% | +2.93% |
USPIX vs. UMPIX - Expense Ratio Comparison
USPIX has a 1.68% expense ratio, which is higher than UMPIX's 1.51% expense ratio.
Dividends
USPIX vs. UMPIX - Dividend Comparison
USPIX's dividend yield for the trailing twelve months is around 3.63%, more than UMPIX's 0.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
UMPIX ProFunds UltraMid Cap Fund | 0.15% | 0.19% | 0.96% | 0.59% | 0.00% | 9.49% | 0.00% | 2.07% | 0.14% | 2.33% |
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% |
Frequently Asked Questions
USPIX and UMPIX have a correlation of -0.65, 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 UMPIX (7.18%). In terms of maximum drawdown, USPIX dropped -100.00% vs UMPIX's -85.51%.
UMPIX currently has the higher Sharpe Ratio (1.33 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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