UVPIX vs. ULPIX
UVPIX (ProFunds Ultra Short Emerging Market Fund) and ULPIX (ProFunds UltraBull Fund) are both mutual funds - UVPIX is a Inverse Equities fund managed by ProFunds, while ULPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, UVPIX returned -26.32%/yr vs 21.47%/yr for ULPIX. Their -0.74 correlation means they have often moved in opposite directions in the past. UVPIX charges 1.78%/yr vs 1.46%/yr for ULPIX.
Performance
UVPIX vs. ULPIX - Performance Comparison
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Returns By Period
In the year-to-date period, UVPIX achieves a -12.87% return, which is significantly lower than ULPIX's 14.19% return. Over the past 10 years, UVPIX has underperformed ULPIX with an annualized return of -26.32%, while ULPIX has yielded a comparatively higher 21.47% annualized return.
UVPIX
- 1D
- -6.74%
- 1M
- -4.59%
- 6M
- 0.81%
- YTD
- -12.87%
- 1Y
- -35.55%
- 3Y*
- -28.13%
- 5Y*
- -20.68%
- 10Y*
- -26.32%
- ALL TIME*
- -12.88%
ULPIX
- 1D
- 3.31%
- 1M
- -1.63%
- 6M
- 11.59%
- YTD
- 14.19%
- 1Y
- 34.71%
- 3Y*
- 27.77%
- 5Y*
- 15.45%
- 10Y*
- 21.47%
- ALL TIME*
- 9.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
UVPIX vs. ULPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UVPIX ProFunds Ultra Short Emerging Market Fund | -12.87% | -49.90% | -17.67% | -27.06% | 1.35% | 15.70% | -57.91% | -39.81% | 20.65% | -48.37% |
ULPIX ProFunds UltraBull Fund | 14.19% | 25.47% | 38.03% | 45.59% | -39.16% | 59.28% | 19.12% | 62.17% | -15.02% | 42.77% |
Correlation
The correlation between UVPIX and ULPIX is -0.70, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.70 |
Correlation (3Y) Balances recent behavior with more history. | -0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.67 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2006 | -0.74 |
The correlation between UVPIX and ULPIX has been stable across timeframes, ranging from -0.74 to -0.65 - a consistent structural relationship.
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Return for Risk
UVPIX vs. ULPIX — Risk / Return Rank
UVPIX
ULPIX
UVPIX vs. ULPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Ultra Short Emerging Market Fund (UVPIX) and ProFunds UltraBull Fund (ULPIX). 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.
| UVPIX | ULPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.60 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.21 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 1.61 | -2.42 |
| Martin ratioReturn relative to average drawdown | -1.11 | 6.47 | -7.58 |
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Drawdowns
UVPIX vs. ULPIX - Drawdown Comparison
The maximum UVPIX drawdown since its inception was -99.86%, which is greater than ULPIX's maximum drawdown of -89.68%. Use the drawdown chart below to compare losses from any high point for UVPIX and ULPIX.
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Drawdown Indicators
| UVPIX | ULPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -89.68% | -10.18% |
Max Drawdown (1Y)Largest decline over 1 year | -42.28% | -18.30% | -23.98% |
Max Drawdown (3Y)Largest decline over 3 years | -75.41% | -36.59% | -38.82% |
Max Drawdown (5Y)Largest decline over 5 years | -83.54% | -46.92% | -36.62% |
Max Drawdown (10Y)Largest decline over 10 years | -95.74% | -59.41% | -36.33% |
Current DrawdownCurrent decline from peak | -99.84% | -5.45% | -94.39% |
Average DrawdownAverage peak-to-trough decline | -89.55% | -33.67% | -55.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.43% | 4.56% | +25.87% |
Volatility
UVPIX vs. ULPIX - Volatility Comparison
ProFunds Ultra Short Emerging Market Fund (UVPIX) has a higher volatility of 13.29% compared to ProFunds UltraBull Fund (ULPIX) at 6.90%. This indicates that UVPIX's price experiences larger fluctuations and is considered to be riskier than ULPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UVPIX | ULPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.29% | 6.90% | +6.39% |
Volatility (6M)Calculated over the trailing 6-month period | 35.82% | 20.16% | +15.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.43% | 25.68% | +18.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.08% | 34.14% | +13.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.53% | 35.45% | +11.08% |
UVPIX vs. ULPIX - Expense Ratio Comparison
UVPIX has a 1.78% expense ratio, which is higher than ULPIX's 1.46% expense ratio.
Dividends
UVPIX vs. ULPIX - Dividend Comparison
UVPIX's dividend yield for the trailing twelve months is around 10.32%, more than ULPIX's 7.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ULPIX ProFunds UltraBull Fund | 7.98% | 9.11% | 0.00% | 0.02% | 10.36% | 5.62% | 12.74% | 0.42% | 0.58% |
UVPIX ProFunds Ultra Short Emerging Market Fund | 10.32% | 8.99% | 0.00% | 7.25% | 0.00% | 0.00% | 0.00% | 0.49% | 0.00% |
Frequently Asked Questions
UVPIX and ULPIX have a correlation of -0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVPIX has higher volatility (13.29%) compared to ULPIX (6.90%). In terms of maximum drawdown, UVPIX dropped -99.86% vs ULPIX's -89.68%.
ULPIX currently has the higher Sharpe Ratio (1.15 vs -0.76), 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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