UWPIX vs. SMPIX
UWPIX (ProFunds UltraShort Dow 30 Fund) and SMPIX (ProFunds Semiconductor UltraSector Fund Investor Class) are both mutual funds - UWPIX is a Inverse Equities fund managed by ProFunds, while SMPIX is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (150% Daily). Over the past 10 years, UWPIX returned -25.66%/yr vs 15.52%/yr for SMPIX. Their -0.64 correlation means they have often moved in opposite directions in the past. UWPIX charges 1.78%/yr vs 1.52%/yr for SMPIX.
Performance
UWPIX vs. SMPIX - Performance Comparison
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Returns By Period
In the year-to-date period, UWPIX achieves a -14.90% return, which is significantly lower than SMPIX's 39.91% return. Over the past 10 years, UWPIX has underperformed SMPIX with an annualized return of -25.66%, while SMPIX has yielded a comparatively higher 15.52% 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%
SMPIX
- 1D
- 9.88%
- 1M
- -7.95%
- 6M
- 28.85%
- YTD
- 39.91%
- 1Y
- 72.46%
- 3Y*
- -17.82%
- 5Y*
- -4.21%
- 10Y*
- 15.52%
- ALL TIME*
- 3.71%
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. SMPIX - 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% |
SMPIX ProFunds Semiconductor UltraSector Fund Investor Class | 39.91% | 56.35% | -77.32% | 155.37% | -54.31% | 80.17% | 60.77% | 77.97% | -17.56% | 42.78% |
Correlation
The correlation between UWPIX and SMPIX is -0.40, 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. | -0.40 |
Correlation (3Y) Balances recent behavior with more history. | -0.41 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.57 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2004 | -0.64 |
Over the past year, the inverse relationship between UWPIX and SMPIX has weakened: their correlation has moved from -0.64 to -0.40, meaning they move in opposite directions less often than they have historically.
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Return for Risk
UWPIX vs. SMPIX — Risk / Return Rank
UWPIX
SMPIX
UWPIX vs. SMPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Dow 30 Fund (UWPIX) and ProFunds Semiconductor UltraSector Fund Investor Class (SMPIX). 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 | SMPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -3.10 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.21 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 2.10 | -2.93 |
| Martin ratioReturn relative to average drawdown | -1.41 | 6.67 | -8.09 |
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Drawdowns
UWPIX vs. SMPIX - Drawdown Comparison
The maximum UWPIX drawdown since its inception was -99.79%, which is greater than SMPIX's maximum drawdown of -94.52%. Use the drawdown chart below to compare losses from any high point for UWPIX and SMPIX.
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Drawdown Indicators
| UWPIX | SMPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.79% | -94.52% | -5.27% |
Max Drawdown (1Y)Largest decline over 1 year | -31.18% | -30.07% | -1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -62.72% | -94.52% | +31.80% |
Max Drawdown (5Y)Largest decline over 5 years | -70.10% | -94.52% | +24.42% |
Max Drawdown (10Y)Largest decline over 10 years | -95.20% | -94.52% | -0.68% |
Current DrawdownCurrent decline from peak | -99.78% | -78.88% | -20.90% |
Average DrawdownAverage peak-to-trough decline | -77.79% | -57.72% | -20.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.38% | 9.44% | +8.94% |
Volatility
UWPIX vs. SMPIX - Volatility Comparison
The current volatility for ProFunds UltraShort Dow 30 Fund (UWPIX) is 7.27%, while ProFunds Semiconductor UltraSector Fund Investor Class (SMPIX) has a volatility of 22.34%. This indicates that UWPIX experiences smaller price fluctuations and is considered to be less risky than SMPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UWPIX | SMPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.27% | 22.34% | -15.07% |
Volatility (6M)Calculated over the trailing 6-month period | 19.84% | 46.42% | -26.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.13% | 56.21% | -31.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.03% | 72.24% | -42.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.96% | 60.04% | -25.08% |
UWPIX vs. SMPIX - Expense Ratio Comparison
UWPIX has a 1.78% expense ratio, which is higher than SMPIX's 1.52% expense ratio.
Dividends
UWPIX vs. SMPIX - Dividend Comparison
UWPIX's dividend yield for the trailing twelve months is around 5.31%, less than SMPIX's 9.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMPIX ProFunds Semiconductor UltraSector Fund Investor Class | 9.30% | 13.02% | 0.16% | 0.00% | 0.00% | 6.57% | 0.00% | 2.26% | 40.03% | 0.11% | 0.45% | 0.68% |
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
UWPIX and SMPIX have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMPIX has higher volatility (22.34%) compared to UWPIX (7.27%). In terms of maximum drawdown, UWPIX dropped -99.79% vs SMPIX's -94.52%.
SMPIX currently has the higher Sharpe Ratio (1.12 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.
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