UWPIX vs. SHPIX
UWPIX (ProFunds UltraShort Dow 30 Fund) and SHPIX (ProFunds Short Small Cap ProFund) are both Inverse Equities funds from ProFunds. Over the past 10 years, UWPIX returned -25.66%/yr vs 9.98%/yr for SHPIX. Their correlation of 0.81 means they have usually moved in the same direction. Both charge a 1.78% expense ratio.
Performance
UWPIX vs. SHPIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with UWPIX having a -14.90% return and SHPIX slightly lower at -15.64%. Over the past 10 years, UWPIX has underperformed SHPIX with an annualized return of -25.66%, while SHPIX has yielded a comparatively higher 9.98% 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%
SHPIX
- 1D
- -1.37%
- 1M
- 1.92%
- 6M
- -11.34%
- YTD
- -15.64%
- 1Y
- -25.87%
- 3Y*
- 11.75%
- 5Y*
- 47.30%
- 10Y*
- 9.98%
- ALL TIME*
- -5.32%
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 |
UWPIX vs. SHPIX - 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% |
SHPIX ProFunds Short Small Cap ProFund | -15.64% | -9.61% | 83.27% | 344.97% | 16.39% | -19.78% | -31.60% | -20.89% | 9.96% | -14.49% |
Correlation
The correlation between UWPIX and SHPIX is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2004 | 0.81 |
The correlation between UWPIX and SHPIX has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.
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Return for Risk
UWPIX vs. SHPIX — Risk / Return Rank
UWPIX
SHPIX
UWPIX vs. SHPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Dow 30 Fund (UWPIX) and ProFunds Short Small Cap ProFund (SHPIX). 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 | SHPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.81 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.85 | +0.01 |
| Martin ratioReturn relative to average drawdown | -1.41 | -1.36 | -0.05 |
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Drawdowns
UWPIX vs. SHPIX - Drawdown Comparison
The maximum UWPIX drawdown since its inception was -99.79%, roughly equal to the maximum SHPIX drawdown of -96.86%. Use the drawdown chart below to compare losses from any high point for UWPIX and SHPIX.
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Drawdown Indicators
| UWPIX | SHPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.79% | -96.86% | -2.93% |
Max Drawdown (1Y)Largest decline over 1 year | -31.18% | -27.97% | -3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -62.72% | -41.50% | -21.22% |
Max Drawdown (5Y)Largest decline over 5 years | -70.10% | -41.50% | -28.60% |
Max Drawdown (10Y)Largest decline over 10 years | -95.20% | -68.01% | -27.19% |
Current DrawdownCurrent decline from peak | -99.78% | -75.54% | -24.24% |
Average DrawdownAverage peak-to-trough decline | -77.79% | -74.99% | -2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.38% | 17.35% | +1.03% |
Volatility
UWPIX vs. SHPIX - Volatility Comparison
ProFunds UltraShort Dow 30 Fund (UWPIX) has a higher volatility of 7.27% compared to ProFunds Short Small Cap ProFund (SHPIX) at 3.81%. This indicates that UWPIX's price experiences larger fluctuations and is considered to be riskier than SHPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UWPIX | SHPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.27% | 3.81% | +3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 19.84% | 14.14% | +5.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.13% | 19.37% | +5.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.03% | 189.00% | -158.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.96% | 134.62% | -99.66% |
UWPIX vs. SHPIX - Expense Ratio Comparison
Both UWPIX and SHPIX have an expense ratio of 1.78%.
Dividends
UWPIX vs. SHPIX - Dividend Comparison
UWPIX's dividend yield for the trailing twelve months is around 5.31%, less than SHPIX's 32.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SHPIX ProFunds Short Small Cap ProFund | 32.81% | 5.70% | 0.00% | 17.01% | 0.00% | 0.00% | 0.00% | 0.85% |
UWPIX ProFunds UltraShort Dow 30 Fund | 5.31% | 4.51% | 0.00% | 2.28% | 0.00% | 0.00% | 0.00% | 0.35% |
Frequently Asked Questions
UWPIX and SHPIX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UWPIX has higher volatility (7.27%) compared to SHPIX (3.81%). In terms of maximum drawdown, UWPIX dropped -99.79% vs SHPIX's -96.86%.
UWPIX currently has the higher Sharpe Ratio (-1.04 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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