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 8.78%/yr vs -39.42%/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 4.30% return, which is significantly higher than USPIX's -28.74% return. Over the past 10 years, UUPIX has outperformed USPIX with an annualized return of 8.78%, while USPIX has yielded a comparatively lower -39.42% annualized return.
UUPIX
- 1D
- 2.33%
- 1M
- 2.94%
- 6M
- -8.29%
- YTD
- 4.30%
- 1Y
- 31.99%
- 3Y*
- 23.99%
- 5Y*
- 0.37%
- 10Y*
- 8.78%
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%
UUPIX vs. USPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UUPIX ProFunds UltraEmerging Markets Fund | 4.30% | 70.53% | 6.99% | 22.60% | -37.35% | -36.21% | 43.24% | 46.76% | -31.83% | 75.03% |
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% |
Correlation
The correlation between UUPIX and USPIX is -0.69, 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 | -0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.65 |
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 -0.65 - 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 | +1.82 | ||
| Sortino ratioReturn per unit of downside risk | +2.95 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.82 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | -0.91 | +1.96 |
| Martin ratioReturn relative to average drawdown | 2.56 | -1.75 | +4.31 |
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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% | -45.06% | +15.15% |
Max Drawdown (3Y)Largest decline over 3 years | -37.01% | -80.96% | +43.95% |
Max Drawdown (5Y)Largest decline over 5 years | -67.59% | -89.53% | +21.94% |
Max Drawdown (10Y)Largest decline over 10 years | -78.32% | -99.37% | +21.05% |
Current DrawdownCurrent decline from peak | -74.03% | -100.00% | +25.97% |
Average DrawdownAverage peak-to-trough decline | -75.92% | -96.44% | +20.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.24% | 23.30% | -11.06% |
Volatility
UUPIX vs. USPIX - Volatility Comparison
The current volatility for ProFunds UltraEmerging Markets Fund (UUPIX) is 13.86%, while ProFunds UltraShort NASDAQ-100 Fund (USPIX) has a volatility of 15.59%. 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 | 13.86% | 15.59% | -1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 35.06% | 30.47% | +4.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.93% | 37.07% | +6.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.36% | 45.96% | +2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.44% | 44.63% | +1.81% |
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 3.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
USPIX ProFunds UltraShort NASDAQ-100 Fund | 3.80% | 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 -0.69, 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 UUPIX (13.86%). In terms of maximum drawdown, UUPIX dropped -93.82% vs USPIX's -100.00%.
UUPIX currently has the higher Sharpe Ratio (0.72 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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