UUPIX vs. USPIX
UUPIX (ProFunds UltraEmerging Markets Fund) and USPIX (ProFunds UltraShort NASDAQ-100 Fund) are both mutual funds - UUPIX is a Leveraged Equities fund managed by ProFunds, while USPIX is a Inverse Equities fund managed by ProFunds. Over the past 10 years, UUPIX returned 10.52%/yr vs -40.58%/yr for USPIX. At a correlation of -0.70, they often move in opposite directions. UUPIX charges 1.92%/yr vs 1.68%/yr for USPIX.
Performance
UUPIX vs. USPIX - Performance Comparison
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Returns By Period
In the year-to-date period, UUPIX achieves a 4.04% return, which is significantly higher than USPIX's -32.26% return. Over the past 10 years, UUPIX has outperformed USPIX with an annualized return of 10.52%, while USPIX has yielded a comparatively lower -40.58% annualized return.
UUPIX
- 1D
- 1.30%
- 1M
- -0.88%
- YTD
- 4.04%
- 6M
- 3.34%
- 1Y
- 42.93%
- 3Y*
- 27.72%
- 5Y*
- -0.66%
- 10Y*
- 10.52%
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%
UUPIX vs. USPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UUPIX ProFunds UltraEmerging Markets Fund | 4.04% | 70.53% | 6.99% | 22.60% | -37.35% | -36.21% | 43.24% | 46.76% | -31.83% | 75.03% |
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% |
Correlation
The correlation between UUPIX and USPIX 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 | -0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2006 | -0.70 |
The correlation between UUPIX and USPIX has been stable across timeframes, ranging from -0.70 to -0.64 - a consistent structural relationship.
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Return for Risk
UUPIX vs. USPIX — Risk / Return Rank
UUPIX
USPIX
UUPIX vs. USPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraEmerging Markets Fund (UUPIX) and ProFunds UltraShort NASDAQ-100 Fund (USPIX). 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 | USPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.45 | ||
| Sortino ratioReturn per unit of downside risk | +3.98 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.75 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | -1.01 | +2.51 |
| Martin ratioReturn relative to average drawdown | 4.01 | -1.94 | +5.94 |
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Drawdowns
UUPIX vs. USPIX - Drawdown Comparison
The maximum UUPIX drawdown since its inception was -93.82%, smaller than the maximum USPIX drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for UUPIX and USPIX.
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Drawdown Indicators
| UUPIX | USPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.82% | -100.00% | +6.18% |
Max Drawdown (1Y)Largest decline over 1 year | -29.91% | -47.36% | +17.45% |
Max Drawdown (3Y)Largest decline over 3 years | -37.01% | -80.96% | +43.95% |
Max Drawdown (5Y)Largest decline over 5 years | -71.31% | -89.53% | +18.22% |
Max Drawdown (10Y)Largest decline over 10 years | -78.32% | -99.48% | +21.16% |
Current DrawdownCurrent decline from peak | -74.09% | -100.00% | +25.91% |
Average DrawdownAverage peak-to-trough decline | -75.93% | -96.43% | +20.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.16% | 26.85% | -15.69% |
Volatility
UUPIX vs. USPIX - Volatility Comparison
The current volatility for ProFunds UltraEmerging Markets Fund (UUPIX) is 14.57%, while ProFunds UltraShort NASDAQ-100 Fund (USPIX) has a volatility of 16.48%. This indicates that UUPIX experiences smaller price fluctuations and is considered to be less risky than USPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UUPIX | USPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.57% | 16.48% | -1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 34.65% | 28.35% | +6.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.80% | 35.40% | +7.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.27% | 45.66% | +2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.53% | 44.62% | +1.91% |
UUPIX vs. USPIX - Expense Ratio Comparison
UUPIX has a 1.92% expense ratio, which is higher than USPIX's 1.68% expense ratio.
Dividends
UUPIX vs. USPIX - Dividend Comparison
UUPIX's dividend yield for the trailing twelve months is around 2.44%, less than USPIX's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
USPIX ProFunds UltraShort NASDAQ-100 Fund | 3.99% | 2.71% | 0.00% | 5.92% | 0.00% | 0.00% | 0.07% | 0.36% | 0.00% | 0.00% |
UUPIX ProFunds UltraEmerging Markets Fund | 2.44% | 2.54% | 1.65% | 1.77% | 1.05% | 0.00% | 0.00% | 0.00% | 0.64% | 0.16% |
Frequently Asked Questions
UUPIX and USPIX 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 (16.48%) compared to UUPIX (14.57%). In terms of maximum drawdown, UUPIX dropped -93.82% vs USPIX's -100.00%.
UUPIX currently has the higher Sharpe Ratio (1.05 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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