UWPIX vs. OTPIX
UWPIX (ProFunds UltraShort Dow 30 Fund) and OTPIX (ProFunds NASDAQ-100 Fund) are both mutual funds - UWPIX is a Inverse Equities fund managed by ProFunds, while OTPIX is a Large Cap Growth Equities fund managed by ProFunds. Over the past 10 years, UWPIX returned -26.43%/yr vs 5.88%/yr for OTPIX. At a correlation of -0.77, they often move in opposite directions. UWPIX charges 1.78%/yr vs 1.48%/yr for OTPIX.
Performance
UWPIX vs. OTPIX - Performance Comparison
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Returns By Period
In the year-to-date period, UWPIX achieves a -13.43% return, which is significantly lower than OTPIX's 15.49% return. Over the past 10 years, UWPIX has underperformed OTPIX with an annualized return of -26.43%, while OTPIX has yielded a comparatively higher 5.88% annualized return.
UWPIX
- 1D
- 0.26%
- 1M
- -4.24%
- YTD
- -13.43%
- 6M
- -10.86%
- 1Y
- -28.75%
- 3Y*
- -24.15%
- 5Y*
- -17.52%
- 10Y*
- -26.43%
OTPIX
- 1D
- -3.29%
- 1M
- -0.58%
- YTD
- 15.49%
- 6M
- 13.63%
- 1Y
- 30.57%
- 3Y*
- -22.17%
- 5Y*
- -10.87%
- 10Y*
- 5.88%
UWPIX vs. OTPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UWPIX ProFunds UltraShort Dow 30 Fund | -13.43% | -23.48% | -20.75% | -18.56% | 5.91% | -35.49% | -45.69% | -36.17% | 1.45% | -39.01% |
OTPIX ProFunds NASDAQ-100 Fund | 15.49% | 18.08% | -69.20% | 51.66% | -34.36% | 48.75% | 45.00% | 36.58% | -1.75% | 29.45% |
Correlation
The correlation between UWPIX and OTPIX is -0.63, 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 | -0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.71 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2004 | -0.77 |
The correlation between UWPIX and OTPIX shifts across timeframes, from -0.77 (all time) to -0.63 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UWPIX vs. OTPIX — Risk / Return Rank
UWPIX
OTPIX
UWPIX vs. OTPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Dow 30 Fund (UWPIX) and ProFunds NASDAQ-100 Fund (OTPIX). 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 | OTPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.05 | ||
| Sortino ratioReturn per unit of downside risk | -4.17 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.32 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | 2.61 | -3.63 |
| Martin ratioReturn relative to average drawdown | -1.75 | 9.52 | -11.27 |
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Drawdowns
UWPIX vs. OTPIX - Drawdown Comparison
The maximum UWPIX drawdown since its inception was -99.78%, which is greater than OTPIX's maximum drawdown of -79.55%. Use the drawdown chart below to compare losses from any high point for UWPIX and OTPIX.
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Drawdown Indicators
| UWPIX | OTPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.78% | -79.55% | -20.23% |
Max Drawdown (1Y)Largest decline over 1 year | -30.15% | -12.53% | -17.62% |
Max Drawdown (3Y)Largest decline over 3 years | -61.34% | -79.55% | +18.21% |
Max Drawdown (5Y)Largest decline over 5 years | -68.99% | -79.55% | +10.56% |
Max Drawdown (10Y)Largest decline over 10 years | -95.56% | -79.55% | -16.01% |
Current DrawdownCurrent decline from peak | -99.78% | -65.58% | -34.20% |
Average DrawdownAverage peak-to-trough decline | -77.69% | -22.88% | -54.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.89% | 3.43% | +15.46% |
Volatility
UWPIX vs. OTPIX - Volatility Comparison
The current volatility for ProFunds UltraShort Dow 30 Fund (UWPIX) is 8.49%, while ProFunds NASDAQ-100 Fund (OTPIX) has a volatility of 9.03%. This indicates that UWPIX experiences smaller price fluctuations and is considered to be less risky than OTPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UWPIX | OTPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.49% | 9.03% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 19.83% | 14.53% | +5.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.98% | 17.99% | +6.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.05% | 41.92% | -11.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.97% | 33.30% | +1.67% |
UWPIX vs. OTPIX - Expense Ratio Comparison
UWPIX has a 1.78% expense ratio, which is higher than OTPIX's 1.48% expense ratio.
Dividends
UWPIX vs. OTPIX - Dividend Comparison
UWPIX's dividend yield for the trailing twelve months is around 5.22%, more than OTPIX's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
OTPIX ProFunds NASDAQ-100 Fund | 1.49% | 1.72% | 0.76% | 0.00% | 0.00% | 18.31% | 1.10% | 0.87% |
UWPIX ProFunds UltraShort Dow 30 Fund | 5.22% | 4.51% | 0.00% | 2.28% | 0.00% | 0.00% | 0.00% | 0.35% |
Frequently Asked Questions
UWPIX and OTPIX have a correlation of -0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OTPIX has higher volatility (9.03%) compared to UWPIX (8.49%). In terms of maximum drawdown, UWPIX dropped -99.78% vs OTPIX's -79.55%.
OTPIX currently has the higher Sharpe Ratio (1.82 vs -1.23), 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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