UUPIX vs. DXRLX

Last updated Jun 23, 2026

UUPIX (ProFunds UltraEmerging Markets Fund) and DXRLX (Direxion Monthly Small Cap Bull 1.75X Fund) are both Leveraged Equities funds. Over the past 10 years, UUPIX returned 9.84%/yr vs 13.16%/yr for DXRLX. A 0.67 correlation means they provide meaningful diversification when combined. UUPIX charges 1.92%/yr vs 1.35%/yr for DXRLX.

Performance

UUPIX vs. DXRLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds UltraEmerging Markets Fund (UUPIX) and Direxion Monthly Small Cap Bull 1.75X Fund (DXRLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UUPIX achieves a 2.71% return, which is significantly lower than DXRLX's 34.06% return. Over the past 10 years, UUPIX has underperformed DXRLX with an annualized return of 9.84%, while DXRLX has yielded a comparatively higher 13.16% annualized return.

UUPIX

• 1D: 3.50%
• 1M: -2.16%
• YTD: 2.71%
• 6M: 2.51%
• 1Y: 42.70%
• 3Y*: 23.65%
• 5Y*: -0.56%
• 10Y*: 9.84%

DXRLX

• 1D: 3.58%
• 1M: 6.53%
• YTD: 34.06%
• 6M: 27.13%
• 1Y: 74.45%
• 3Y*: 23.44%
• 5Y*: 4.11%
• 10Y*: 13.16%

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

UUPIX vs. DXRLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UUPIX ProFunds UltraEmerging Markets Fund	2.71%	70.53%	6.99%	22.60%	-37.35%	-36.21%	43.24%	46.76%	-31.83%	75.03%
DXRLX Direxion Monthly Small Cap Bull 1.75X Fund	34.06%	15.22%	10.66%	20.05%	-40.24%	26.84%	20.98%	46.08%	-27.45%	27.06%

Correlation

The correlation between UUPIX and DXRLX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Apr 19, 2006	0.67

The correlation between UUPIX and DXRLX has been stable across timeframes, ranging from 0.59 to 0.67 - a consistent structural relationship.

Return for Risk

UUPIX vs. DXRLX — Risk / Return Rank

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

UUPIX

UUPIX Risk / Return Rank: 14
UUPIX Sharpe Ratio Rank: 13
UUPIX Sortino Ratio Rank: 15
UUPIX Omega Ratio Rank: 14
UUPIX Calmar Ratio Rank: 16
UUPIX Martin Ratio Rank: 13

DXRLX

DXRLX Risk / Return Rank: 64
DXRLX Sharpe Ratio Rank: 64
DXRLX Sortino Ratio Rank: 52
DXRLX Omega Ratio Rank: 44
DXRLX Calmar Ratio Rank: 85
DXRLX Martin Ratio Rank: 77

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. DXRLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraEmerging Markets Fund (UUPIX) and Direxion Monthly Small Cap Bull 1.75X Fund (DXRLX). 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.

	UUPIX	DXRLX	Difference
Sharpe ratio: Return per unit of total volatility	0.93	2.16	-1.23
Sortino ratio: Return per unit of downside risk	1.47	2.77	-1.30
Omega ratio: Gain probability vs. loss probability	1.18	1.33	-0.15
Calmar ratio: Return relative to maximum drawdown	1.32	3.83	-2.51
Martin ratio: Return relative to average drawdown	3.56	13.43	-9.87

UUPIX vs. DXRLX - Sharpe Ratio Comparison

The current UUPIX Sharpe Ratio is 0.93, which is lower than the DXRLX Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of UUPIX and DXRLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UUPIX vs. DXRLX - Drawdown Comparison

The maximum UUPIX drawdown since its inception was -93.82%, roughly equal to the maximum DXRLX drawdown of -94.32%. Use the drawdown chart below to compare losses from any high point for UUPIX and DXRLX.

Drawdown Indicators

	UUPIX	DXRLX	Difference
Max Drawdown Largest peak-to-trough decline	-93.82%	-94.32%	+0.50%
Max Drawdown (1Y) Largest decline over 1 year	-29.91%	-19.38%	-10.53%
Max Drawdown (3Y) Largest decline over 3 years	-37.01%	-45.58%	+8.57%
Max Drawdown (5Y) Largest decline over 5 years	-71.31%	-57.64%	-13.67%
Max Drawdown (10Y) Largest decline over 10 years	-78.32%	-77.63%	-0.69%
Current Drawdown Current decline from peak	-74.42%	0.00%	-74.42%
Average Drawdown Average peak-to-trough decline	-75.93%	-34.55%	-41.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.11%	5.52%	+5.59%

Volatility

UUPIX vs. DXRLX - Volatility Comparison

ProFunds UltraEmerging Markets Fund (UUPIX) has a higher volatility of 14.63% compared to Direxion Monthly Small Cap Bull 1.75X Fund (DXRLX) at 11.90%. This indicates that UUPIX's price experiences larger fluctuations and is considered to be riskier than DXRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UUPIX	DXRLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.63%	11.90%	+2.73%
Volatility (6M) Calculated over the trailing 6-month period	34.73%	25.12%	+9.61%
Volatility (1Y) Calculated over the trailing 1-year period	42.79%	34.44%	+8.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.25%	41.76%	+6.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.54%	49.26%	-2.72%

UUPIX vs. DXRLX - Expense Ratio Comparison

UUPIX has a 1.92% expense ratio, which is higher than DXRLX's 1.35% expense ratio.

Dividends

UUPIX vs. DXRLX - Dividend Comparison

UUPIX's dividend yield for the trailing twelve months is around 2.48%, more than DXRLX's 1.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DXRLX Direxion Monthly Small Cap Bull 1.75X Fund	1.55%	1.23%	0.66%	0.00%	2.27%	0.84%	0.71%	3.76%	7.60%	0.00%
UUPIX ProFunds UltraEmerging Markets Fund	2.48%	2.54%	1.65%	1.77%	1.05%	0.00%	0.00%	0.00%	0.64%	0.16%

Frequently Asked Questions

Can I hold both UUPIX and DXRLX in my portfolio?

UUPIX and DXRLX have a correlation of 0.59, 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 DXRLX?

UUPIX has higher volatility (14.63%) compared to DXRLX (11.90%). In terms of maximum drawdown, UUPIX dropped -93.82% vs DXRLX's -94.32%.

Which has better risk-adjusted returns?

DXRLX currently has the higher Sharpe Ratio (2.16 vs 0.93), 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.