UVPIX vs. UOPIX
UVPIX (ProFunds Ultra Short Emerging Market Fund) and UOPIX (ProFunds UltraNASDAQ-100 Fund) are both mutual funds - UVPIX is a Inverse Equities fund managed by ProFunds, while UOPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, UVPIX returned -26.32%/yr vs 30.71%/yr for UOPIX. Their -0.70 correlation means they have often moved in opposite directions in the past. UVPIX charges 1.78%/yr vs 1.47%/yr for UOPIX.
Performance
UVPIX vs. UOPIX - 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 UOPIX's 17.10% return. Over the past 10 years, UVPIX has underperformed UOPIX with an annualized return of -26.32%, while UOPIX has yielded a comparatively higher 30.71% 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%
UOPIX
- 1D
- 6.68%
- 1M
- -8.94%
- 6M
- 15.04%
- YTD
- 17.10%
- 1Y
- 40.33%
- 3Y*
- 33.49%
- 5Y*
- 15.81%
- 10Y*
- 30.71%
- ALL TIME*
- 12.30%
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. UOPIX - 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% |
UOPIX ProFunds UltraNASDAQ-100 Fund | 17.10% | 30.26% | 41.75% | 115.97% | -60.70% | 48.28% | 86.57% | 80.53% | -9.41% | 68.58% |
Correlation
The correlation between UVPIX and UOPIX is -0.71, 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. | -0.71 |
Correlation (3Y) Balances recent behavior with more history. | -0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2006 | -0.70 |
The correlation between UVPIX and UOPIX has been stable across timeframes, ranging from -0.71 to -0.66 - a consistent structural relationship.
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Return for Risk
UVPIX vs. UOPIX — Risk / Return Rank
UVPIX
UOPIX
UVPIX vs. UOPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Ultra Short Emerging Market Fund (UVPIX) and ProFunds UltraNASDAQ-100 Fund (UOPIX). 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 | UOPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.32 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.17 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 1.34 | -2.14 |
| Martin ratioReturn relative to average drawdown | -1.11 | 4.02 | -5.13 |
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Drawdowns
UVPIX vs. UOPIX - Drawdown Comparison
The maximum UVPIX drawdown since its inception was -99.86%, roughly equal to the maximum UOPIX drawdown of -99.00%. Use the drawdown chart below to compare losses from any high point for UVPIX and UOPIX.
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Drawdown Indicators
| UVPIX | UOPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -99.00% | -0.86% |
Max Drawdown (1Y)Largest decline over 1 year | -42.28% | -24.97% | -17.31% |
Max Drawdown (3Y)Largest decline over 3 years | -75.41% | -42.52% | -32.89% |
Max Drawdown (5Y)Largest decline over 5 years | -83.54% | -65.01% | -18.53% |
Max Drawdown (10Y)Largest decline over 10 years | -95.74% | -65.01% | -30.73% |
Current DrawdownCurrent decline from peak | -99.84% | -17.77% | -82.07% |
Average DrawdownAverage peak-to-trough decline | -89.55% | -67.38% | -22.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.43% | 8.31% | +22.12% |
Volatility
UVPIX vs. UOPIX - Volatility Comparison
ProFunds Ultra Short Emerging Market Fund (UVPIX) and ProFunds UltraNASDAQ-100 Fund (UOPIX) have volatilities of 13.29% and 13.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UVPIX | UOPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.29% | 13.71% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 35.82% | 31.99% | +3.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.43% | 38.71% | +5.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.08% | 46.10% | +1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.53% | 44.56% | +1.97% |
UVPIX vs. UOPIX - Expense Ratio Comparison
UVPIX has a 1.78% expense ratio, which is higher than UOPIX's 1.47% expense ratio.
Dividends
UVPIX vs. UOPIX - Dividend Comparison
UVPIX's dividend yield for the trailing twelve months is around 10.32%, less than UOPIX's 15.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
UOPIX ProFunds UltraNASDAQ-100 Fund | 15.60% | 18.27% | 0.41% | 0.00% | 5.64% | 11.03% | 9.78% | 5.78% | 6.73% |
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 UOPIX have a correlation of -0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UOPIX has higher volatility (13.71%) compared to UVPIX (13.29%). In terms of maximum drawdown, UVPIX dropped -99.86% vs UOPIX's -99.00%.
UOPIX currently has the higher Sharpe Ratio (0.87 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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