UUPIX vs. BMPIX

Last updated Jun 3, 2026

UUPIX (ProFunds UltraEmerging Markets Fund) and BMPIX (ProFunds Basic Materials UltraSector Fund) are both Leveraged Equities funds from ProFunds. Over the past 10 years, UUPIX returned 10.24%/yr vs 10.10%/yr for BMPIX. A 0.71 correlation means they provide meaningful diversification when combined. UUPIX charges 1.92%/yr vs 1.89%/yr for BMPIX.

Performance

UUPIX vs. BMPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds UltraEmerging Markets Fund (UUPIX) and ProFunds Basic Materials UltraSector Fund (BMPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UUPIX achieves a 7.49% return, which is significantly lower than BMPIX's 17.14% return. Both investments have delivered pretty close results over the past 10 years, with UUPIX having a 10.24% annualized return and BMPIX not far behind at 10.10%.

UUPIX

• 1D: 2.40%
• 1M: -0.69%
• YTD: 7.49%
• 6M: 4.33%
• 1Y: 54.54%
• 3Y*: 30.59%
• 5Y*: -1.21%
• 10Y*: 10.24%

BMPIX

• 1D: -0.79%
• 1M: -1.76%
• YTD: 17.14%
• 6M: 22.20%
• 1Y: 23.87%
• 3Y*: 10.95%
• 5Y*: 3.66%
• 10Y*: 10.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UUPIX vs. BMPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UUPIX ProFunds UltraEmerging Markets Fund	7.49%	70.53%	6.99%	22.60%	-37.35%	-36.21%	43.24%	46.76%	-31.83%	75.03%
BMPIX ProFunds Basic Materials UltraSector Fund	17.14%	9.09%	-5.35%	15.30%	-16.22%	38.93%	18.27%	25.13%	-26.81%	34.96%

Correlation

The correlation between UUPIX and BMPIX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Apr 20, 2006	0.71

Over the past year, the correlation between UUPIX and BMPIX has dropped to 0.47 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

Return for Risk

UUPIX vs. BMPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UUPIX

UUPIX Risk / Return Rank: 21
UUPIX Sharpe Ratio Rank: 22
UUPIX Sortino Ratio Rank: 21
UUPIX Omega Ratio Rank: 21
UUPIX Calmar Ratio Rank: 21
UUPIX Martin Ratio Rank: 18

BMPIX

BMPIX Risk / Return Rank: 13
BMPIX Sharpe Ratio Rank: 13
BMPIX Sortino Ratio Rank: 13
BMPIX Omega Ratio Rank: 12
BMPIX Calmar Ratio Rank: 15
BMPIX Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UUPIX vs. BMPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraEmerging Markets Fund (UUPIX) and ProFunds Basic Materials UltraSector Fund (BMPIX). 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.

	UUPIX	BMPIX	Difference
Sharpe ratio Return per unit of total volatility	1.37	0.99	+0.38
Sortino ratio Return per unit of downside risk	1.96	1.51	+0.46
Omega ratio Gain probability vs. loss probability	1.25	1.18	+0.07
Calmar ratio Return relative to maximum drawdown	1.72	1.36	+0.37
Martin ratio Return relative to average drawdown	5.00	3.87	+1.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UUPIX vs. BMPIX - Sharpe Ratio Comparison

The current UUPIX Sharpe Ratio is 1.37, which is higher than the BMPIX Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of UUPIX and BMPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UUPIX	BMPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	0.99	+0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	0.12	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	0.32	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.17	-0.11

Drawdowns

UUPIX vs. BMPIX - Drawdown Comparison

The maximum UUPIX drawdown since its inception was -93.82%, which is greater than BMPIX's maximum drawdown of -84.22%. Use the drawdown chart below to compare losses from any high point for UUPIX and BMPIX.

Drawdown Indicators

	UUPIX	BMPIX	Difference
Max Drawdown Largest peak-to-trough decline	-93.82%	-84.22%	-9.60%
Max Drawdown (1Y) Largest decline over 1 year	-29.91%	-18.38%	-11.53%
Max Drawdown (3Y) Largest decline over 3 years	-37.01%	-34.54%	-2.47%
Max Drawdown (5Y) Largest decline over 5 years	-71.31%	-38.50%	-32.81%
Max Drawdown (10Y) Largest decline over 10 years	-78.32%	-61.41%	-16.91%
Current Drawdown Current decline from peak	-73.23%	-8.36%	-64.87%
Average Drawdown Average peak-to-trough decline	-75.95%	-24.12%	-51.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.30%	6.44%	+3.86%

Volatility

UUPIX vs. BMPIX - Volatility Comparison

ProFunds UltraEmerging Markets Fund (UUPIX) has a higher volatility of 12.84% compared to ProFunds Basic Materials UltraSector Fund (BMPIX) at 8.72%. This indicates that UUPIX's price experiences larger fluctuations and is considered to be riskier than BMPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UUPIX	BMPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.84%	8.72%	+4.12%
Volatility (6M) Calculated over the trailing 6-month period	32.32%	19.20%	+13.12%
Volatility (1Y) Calculated over the trailing 1-year period	41.28%	25.13%	+16.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.97%	29.55%	+18.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.42%	32.10%	+14.32%

UUPIX vs. BMPIX - Expense Ratio Comparison

UUPIX has a 1.92% expense ratio, which is higher than BMPIX's 1.89% expense ratio.

Dividends

UUPIX vs. BMPIX - Dividend Comparison

UUPIX's dividend yield for the trailing twelve months is around 2.37%, more than BMPIX's 1.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BMPIX ProFunds Basic Materials UltraSector Fund	1.55%	1.81%	0.94%	0.96%	0.00%	0.00%	0.28%	0.00%	0.00%	0.00%	0.16%
UUPIX ProFunds UltraEmerging Markets Fund	2.37%	2.54%	1.65%	1.77%	1.05%	0.00%	0.00%	0.00%	0.64%	0.16%	0.00%

Frequently Asked Questions

Can I hold both UUPIX and BMPIX in my portfolio?

UUPIX and BMPIX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UUPIX or BMPIX?

UUPIX has higher volatility (12.84%) compared to BMPIX (8.72%). In terms of maximum drawdown, UUPIX dropped -93.82% vs BMPIX's -84.22%.

Which has better risk-adjusted returns?

UUPIX currently has the higher Sharpe Ratio (1.37 vs 0.99), 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.