USPIX vs. UOPIX
USPIX (ProFunds UltraShort NASDAQ-100 Fund) and UOPIX (ProFunds UltraNASDAQ-100 Fund) are both mutual funds - USPIX is a Inverse Equities fund managed by ProFunds, while UOPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, USPIX returned -40.58%/yr vs 35.66%/yr for UOPIX. At a correlation of -0.99, they often move in opposite directions. USPIX charges 1.68%/yr vs 1.47%/yr for UOPIX.
Performance
USPIX vs. UOPIX - 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 UOPIX's 38.26% return. Over the past 10 years, USPIX has underperformed UOPIX with an annualized return of -40.58%, while UOPIX has yielded a comparatively higher 35.66% 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%
UOPIX
- 1D
- -0.47%
- 1M
- 4.79%
- YTD
- 38.26%
- 6M
- 34.47%
- 1Y
- 78.37%
- 3Y*
- 46.03%
- 5Y*
- 21.92%
- 10Y*
- 35.66%
USPIX vs. UOPIX - 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% |
UOPIX ProFunds UltraNASDAQ-100 Fund | 38.26% | 30.26% | 41.75% | 115.97% | -60.70% | 48.28% | 86.57% | 80.53% | -9.41% | 68.58% |
Correlation
The correlation between USPIX and UOPIX 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 | -1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -1.00 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 1998 | -0.99 |
The correlation between USPIX and UOPIX 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. UOPIX — Risk / Return Rank
USPIX
UOPIX
USPIX vs. UOPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort NASDAQ-100 Fund (USPIX) and ProFunds UltraNASDAQ-100 Fund (UOPIX). 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 | UOPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.74 | ||
| Sortino ratioReturn per unit of downside risk | -5.15 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.37 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | 3.30 | -4.32 |
| Martin ratioReturn relative to average drawdown | -1.94 | 11.34 | -13.27 |
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Drawdowns
USPIX vs. UOPIX - Drawdown Comparison
The maximum USPIX drawdown since its inception was -100.00%, roughly equal to the maximum UOPIX drawdown of -99.00%. Use the drawdown chart below to compare losses from any high point for USPIX and UOPIX.
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Drawdown Indicators
| USPIX | UOPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -99.00% | -1.00% |
Max Drawdown (1Y)Largest decline over 1 year | -47.36% | -24.97% | -22.39% |
Max Drawdown (3Y)Largest decline over 3 years | -80.96% | -42.52% | -38.44% |
Max Drawdown (5Y)Largest decline over 5 years | -89.53% | -65.01% | -24.52% |
Max Drawdown (10Y)Largest decline over 10 years | -99.48% | -65.01% | -34.47% |
Current DrawdownCurrent decline from peak | -100.00% | -2.91% | -97.09% |
Average DrawdownAverage peak-to-trough decline | -96.43% | -67.59% | -28.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.85% | 7.26% | +19.59% |
Volatility
USPIX vs. UOPIX - Volatility Comparison
ProFunds UltraShort NASDAQ-100 Fund (USPIX) and ProFunds UltraNASDAQ-100 Fund (UOPIX) have volatilities of 16.48% and 16.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USPIX | UOPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.48% | 16.81% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 28.35% | 28.42% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.40% | 35.43% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.66% | 45.59% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.62% | 44.43% | +0.19% |
USPIX vs. UOPIX - Expense Ratio Comparison
USPIX has a 1.68% expense ratio, which is higher than UOPIX's 1.47% expense ratio.
Dividends
USPIX vs. UOPIX - Dividend Comparison
USPIX's dividend yield for the trailing twelve months is around 3.99%, less than UOPIX's 13.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
UOPIX ProFunds UltraNASDAQ-100 Fund | 13.21% | 18.27% | 0.41% | 0.00% | 5.64% | 11.03% | 9.78% | 5.78% | 6.73% |
USPIX ProFunds UltraShort NASDAQ-100 Fund | 3.99% | 2.71% | 0.00% | 5.92% | 0.00% | 0.00% | 0.07% | 0.36% | 0.00% |
Frequently Asked Questions
USPIX and UOPIX 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.
UOPIX has higher volatility (16.81%) compared to USPIX (16.48%). In terms of maximum drawdown, USPIX dropped -100.00% vs UOPIX's -99.00%.
UOPIX currently has the higher Sharpe Ratio (2.33 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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