USPIX vs. UNPIX
USPIX (ProFunds UltraShort NASDAQ-100 Fund) and UNPIX (ProFunds Ultra International Fund) are both mutual funds - USPIX is a Inverse Equities fund managed by ProFunds, while UNPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, USPIX returned -39.42%/yr vs 9.41%/yr for UNPIX. At a correlation of -0.71, they often move in opposite directions. USPIX charges 1.68%/yr vs 1.78%/yr for UNPIX.
Performance
USPIX vs. UNPIX - Performance Comparison
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Returns By Period
In the year-to-date period, USPIX achieves a -28.74% return, which is significantly lower than UNPIX's 15.72% return. Over the past 10 years, USPIX has underperformed UNPIX with an annualized return of -39.42%, while UNPIX has yielded a comparatively higher 9.41% annualized return.
USPIX
- 1D
- 0.62%
- 1M
- 2.53%
- 6M
- -27.23%
- YTD
- -28.74%
- 1Y
- -40.62%
- 3Y*
- -37.05%
- 5Y*
- -31.48%
- 10Y*
- -39.42%
UNPIX
- 1D
- 1.30%
- 1M
- -0.26%
- 6M
- 8.51%
- YTD
- 15.72%
- 1Y
- 35.62%
- 3Y*
- 20.55%
- 5Y*
- 8.12%
- 10Y*
- 9.41%
USPIX vs. UNPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USPIX ProFunds UltraShort NASDAQ-100 Fund | -28.74% | -35.26% | -38.20% | -57.06% | 61.80% | -46.20% | -70.91% | -50.15% | -9.56% | -44.56% |
UNPIX ProFunds Ultra International Fund | 15.72% | 54.47% | -3.82% | 26.46% | -33.77% | 18.21% | -0.11% | 38.95% | -31.46% | 48.19% |
Correlation
The correlation between USPIX and UNPIX is -0.67, 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 | -0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.67 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2006 | -0.71 |
The correlation between USPIX and UNPIX has been stable across timeframes, ranging from -0.71 to -0.63 - a consistent structural relationship.
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Return for Risk
USPIX vs. UNPIX — Risk / Return Rank
USPIX
UNPIX
USPIX vs. UNPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort NASDAQ-100 Fund (USPIX) and ProFunds Ultra International Fund (UNPIX). 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 | UNPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -3.41 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.21 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 1.69 | -2.59 |
| Martin ratioReturn relative to average drawdown | -1.75 | 5.54 | -7.29 |
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Drawdowns
USPIX vs. UNPIX - Drawdown Comparison
The maximum USPIX drawdown since its inception was -100.00%, which is greater than UNPIX's maximum drawdown of -89.25%. Use the drawdown chart below to compare losses from any high point for USPIX and UNPIX.
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Drawdown Indicators
| USPIX | UNPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -89.25% | -10.75% |
Max Drawdown (1Y)Largest decline over 1 year | -45.06% | -21.99% | -23.07% |
Max Drawdown (3Y)Largest decline over 3 years | -80.96% | -27.49% | -53.47% |
Max Drawdown (5Y)Largest decline over 5 years | -89.53% | -54.38% | -35.15% |
Max Drawdown (10Y)Largest decline over 10 years | -99.37% | -64.27% | -35.10% |
Current DrawdownCurrent decline from peak | -100.00% | -25.83% | -74.17% |
Average DrawdownAverage peak-to-trough decline | -96.44% | -56.38% | -40.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.30% | 6.68% | +16.62% |
Volatility
USPIX vs. UNPIX - Volatility Comparison
ProFunds UltraShort NASDAQ-100 Fund (USPIX) has a higher volatility of 15.59% compared to ProFunds Ultra International Fund (UNPIX) at 8.49%. This indicates that USPIX's price experiences larger fluctuations and is considered to be riskier than UNPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USPIX | UNPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.59% | 8.49% | +7.10% |
Volatility (6M)Calculated over the trailing 6-month period | 30.47% | 27.47% | +3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.07% | 32.02% | +5.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.96% | 33.82% | +12.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.63% | 34.64% | +9.99% |
USPIX vs. UNPIX - Expense Ratio Comparison
USPIX has a 1.68% expense ratio, which is lower than UNPIX's 1.78% expense ratio.
Dividends
USPIX vs. UNPIX - Dividend Comparison
USPIX's dividend yield for the trailing twelve months is around 3.80%, more than UNPIX's 0.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
UNPIX ProFunds Ultra International Fund | 0.28% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USPIX ProFunds UltraShort NASDAQ-100 Fund | 3.80% | 2.71% | 0.00% | 5.92% | 0.00% | 0.00% | 0.07% | 0.36% |
Frequently Asked Questions
USPIX and UNPIX have a correlation of -0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USPIX has higher volatility (15.59%) compared to UNPIX (8.49%). In terms of maximum drawdown, USPIX dropped -100.00% vs UNPIX's -89.25%.
UNPIX currently has the higher Sharpe Ratio (1.16 vs -1.10), 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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