UWPIX vs. ENPIX

Last updated Aug 1, 2026

UWPIX (ProFunds UltraShort Dow 30 Fund) and ENPIX (ProFunds UltraSector Oil & Gas Fund) are both mutual funds - UWPIX is a Inverse Equities fund managed by ProFunds, while ENPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, UWPIX returned -25.66%/yr vs 7.88%/yr for ENPIX. Their -0.59 correlation means they have often moved in opposite directions in the past. UWPIX charges 1.78%/yr vs 1.51%/yr for ENPIX.

Performance

UWPIX vs. ENPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds UltraShort Dow 30 Fund (UWPIX) and ProFunds UltraSector Oil & Gas Fund (ENPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UWPIX achieves a -14.90% return, which is significantly lower than ENPIX's 48.84% return. Over the past 10 years, UWPIX has underperformed ENPIX with an annualized return of -25.66%, while ENPIX has yielded a comparatively higher 7.88% annualized return.

UWPIX

• 1D: -2.33%
• 1M: 2.86%
• 6M: -12.22%
• YTD: -14.90%
• 1Y: -28.82%
• 3Y*: -22.13%
• 5Y*: -16.97%
• 10Y*: -25.66%
• ALL TIME*: -11.51%

ENPIX

• 1D: 0.83%
• 1M: 15.87%
• 6M: 22.86%
• YTD: 48.84%
• 1Y: 59.39%
• 3Y*: 14.50%
• 5Y*: 28.19%
• 10Y*: 7.88%
• ALL TIME*: 5.22%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ENPIX ProFunds UltraSector Oil & Gas Fund	$0.00	$0.00	$0.00
UWPIX ProFunds UltraShort Dow 30 Fund	$0.00	$0.00	$0.00

UWPIX vs. ENPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UWPIX ProFunds UltraShort Dow 30 Fund	-14.90%	-23.48%	-20.75%	-18.56%	5.91%	-35.49%	-45.69%	-36.17%	1.45%	-39.01%
ENPIX ProFunds UltraSector Oil & Gas Fund	48.84%	4.99%	2.30%	-7.46%	92.17%	82.32%	-53.71%	10.35%	-30.54%	-5.59%

Correlation

The correlation between UWPIX and ENPIX is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.09
Correlation (3Y) Balances recent behavior with more history.	-0.22
Correlation (5Y) Shows whether the relationship held over a longer period.	-0.36
Correlation (10Y) Provides a long-term view across more market conditions.	-0.49
Correlation (All Time) Calculated using the full available price history since Jul 22, 2004	-0.59

The correlation between UWPIX and ENPIX shifts across timeframes, from -0.59 (all time) to 0.09 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

UWPIX vs. ENPIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

UWPIX

UWPIX Risk / Return Rank: 0
UWPIX Sharpe Ratio Rank: 0
UWPIX Sortino Ratio Rank: 0
UWPIX Omega Ratio Rank: 0
UWPIX Calmar Ratio Rank: 0
UWPIX Martin Ratio Rank: 0

ENPIX

ENPIX Risk / Return Rank: 63
ENPIX Sharpe Ratio Rank: 74
ENPIX Sortino Ratio Rank: 65
ENPIX Omega Ratio Rank: 62
ENPIX Calmar Ratio Rank: 73
ENPIX Martin Ratio Rank: 43

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UWPIX vs. ENPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Dow 30 Fund (UWPIX) and ProFunds UltraSector Oil & Gas Fund (ENPIX). 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.

	UWPIX	ENPIX	Difference
Sharpe ratio: Return per unit of total volatility	-1.04	1.71	-2.75
Sortino ratio: Return per unit of downside risk	-1.44	2.21	-3.64
Omega ratio: Gain probability vs. loss probability	0.84	1.27	-0.44
Calmar ratio: Return relative to maximum drawdown	-0.84	2.35	-3.19
Martin ratio: Return relative to average drawdown	-1.41	6.10	-7.51

UWPIX vs. ENPIX - Sharpe Ratio Comparison

The current UWPIX Sharpe Ratio is -1.04, which is lower than the ENPIX Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of UWPIX and ENPIX, 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

UWPIX vs. ENPIX - Drawdown Comparison

The maximum UWPIX drawdown since its inception was -99.79%, which is greater than ENPIX's maximum drawdown of -90.12%. Use the drawdown chart below to compare losses from any high point for UWPIX and ENPIX.

Drawdown Indicators

	UWPIX	ENPIX	Difference
Max Drawdown Largest peak-to-trough decline	-99.79%	-90.12%	-9.67%
Max Drawdown (1Y) Largest decline over 1 year	-31.18%	-23.01%	-8.17%
Max Drawdown (3Y) Largest decline over 3 years	-62.72%	-32.27%	-30.45%
Max Drawdown (5Y) Largest decline over 5 years	-70.10%	-36.48%	-33.62%
Max Drawdown (10Y) Largest decline over 10 years	-95.20%	-84.54%	-10.66%
Current Drawdown Current decline from peak	-99.78%	-9.70%	-90.08%
Average Drawdown Average peak-to-trough decline	-77.79%	-36.77%	-41.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.38%	8.88%	+9.50%

Volatility

UWPIX vs. ENPIX - Volatility Comparison

The current volatility for ProFunds UltraShort Dow 30 Fund (UWPIX) is 7.27%, while ProFunds UltraSector Oil & Gas Fund (ENPIX) has a volatility of 9.02%. This indicates that UWPIX experiences smaller price fluctuations and is considered to be less risky than ENPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UWPIX	ENPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.27%	9.02%	-1.75%
Volatility (6M) Calculated over the trailing 6-month period	19.84%	25.12%	-5.28%
Volatility (1Y) Calculated over the trailing 1-year period	25.13%	31.65%	-6.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.03%	38.45%	-8.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.96%	44.70%	-9.74%

UWPIX vs. ENPIX - Expense Ratio Comparison

UWPIX has a 1.78% expense ratio, which is higher than ENPIX's 1.51% expense ratio.

Dividends

UWPIX vs. ENPIX - Dividend Comparison

UWPIX's dividend yield for the trailing twelve months is around 5.31%, more than ENPIX's 1.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ENPIX ProFunds UltraSector Oil & Gas Fund	1.86%	2.76%	3.19%	0.87%	2.76%	1.59%	1.76%	1.34%	1.76%	0.84%	0.57%	0.56%
UWPIX ProFunds UltraShort Dow 30 Fund	5.31%	4.51%	0.00%	2.28%	0.00%	0.00%	0.00%	0.35%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UWPIX and ENPIX in my portfolio?

UWPIX and ENPIX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UWPIX or ENPIX?

ENPIX has higher volatility (9.02%) compared to UWPIX (7.27%). In terms of maximum drawdown, UWPIX dropped -99.79% vs ENPIX's -90.12%.

Which has better risk-adjusted returns?

ENPIX currently has the higher Sharpe Ratio (1.71 vs -1.04), 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.