UWPIX vs. URPIX
UWPIX (ProFunds UltraShort Dow 30 Fund) and URPIX (ProFunds UltraBear Fund) are both Inverse Equities funds from ProFunds. Over the past 10 years, UWPIX returned -26.10%/yr vs -28.75%/yr for URPIX. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 1.78% expense ratio.
Performance
UWPIX vs. URPIX - Performance Comparison
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Returns By Period
In the year-to-date period, UWPIX achieves a -13.21% return, which is significantly higher than URPIX's -16.13% return. Over the past 10 years, UWPIX has outperformed URPIX with an annualized return of -26.10%, while URPIX has yielded a comparatively lower -28.75% annualized return.
UWPIX
- 1D
- -0.26%
- 1M
- -4.00%
- YTD
- -13.21%
- 6M
- -11.90%
- 1Y
- -31.43%
- 3Y*
- -23.16%
- 5Y*
- -18.39%
- 10Y*
- -26.10%
URPIX
- 1D
- -2.11%
- 1M
- -0.82%
- YTD
- -16.13%
- 6M
- -15.07%
- 1Y
- -34.34%
- 3Y*
- -28.52%
- 5Y*
- -23.35%
- 10Y*
- -28.75%
UWPIX vs. URPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UWPIX ProFunds UltraShort Dow 30 Fund | -13.21% | -23.48% | -20.75% | -18.56% | 5.91% | -35.49% | -45.69% | -36.17% | 1.45% | -39.01% |
URPIX ProFunds UltraBear Fund | -16.13% | -27.06% | -32.89% | -31.77% | 29.74% | -43.61% | -51.10% | -42.03% | 4.20% | -32.58% |
Correlation
The correlation between UWPIX and URPIX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2004 | 0.93 |
The correlation between UWPIX and URPIX shifts across timeframes, from 0.81 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UWPIX vs. URPIX — Risk / Return Rank
UWPIX
URPIX
UWPIX vs. URPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Dow 30 Fund (UWPIX) and ProFunds UltraBear Fund (URPIX). 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 | URPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 0.77 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | -0.95 | -0.02 |
| Martin ratioReturn relative to average drawdown | -1.59 | -1.59 | +0.01 |
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Drawdowns
UWPIX vs. URPIX - Drawdown Comparison
The maximum UWPIX drawdown since its inception was -99.78%, roughly equal to the maximum URPIX drawdown of -99.92%. Use the drawdown chart below to compare losses from any high point for UWPIX and URPIX.
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Drawdown Indicators
| UWPIX | URPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.78% | -99.92% | +0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -31.48% | -34.91% | +3.43% |
Max Drawdown (3Y)Largest decline over 3 years | -61.34% | -69.89% | +8.55% |
Max Drawdown (5Y)Largest decline over 5 years | -68.99% | -76.97% | +7.98% |
Max Drawdown (10Y)Largest decline over 10 years | -95.56% | -96.96% | +1.40% |
Current DrawdownCurrent decline from peak | -99.78% | -99.92% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -77.68% | -79.09% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.02% | 21.38% | -1.36% |
Volatility
UWPIX vs. URPIX - Volatility Comparison
The current volatility for ProFunds UltraShort Dow 30 Fund (UWPIX) is 8.83%, while ProFunds UltraBear Fund (URPIX) has a volatility of 9.55%. This indicates that UWPIX experiences smaller price fluctuations and is considered to be less risky than URPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UWPIX | URPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.83% | 9.55% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 19.85% | 19.94% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.98% | 25.02% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.08% | 34.02% | -3.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.03% | 35.71% | -0.68% |
UWPIX vs. URPIX - Expense Ratio Comparison
Both UWPIX and URPIX have an expense ratio of 1.78%.
Dividends
UWPIX vs. URPIX - Dividend Comparison
UWPIX's dividend yield for the trailing twelve months is around 5.20%, more than URPIX's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
URPIX ProFunds UltraBear Fund | 3.25% | 2.73% | 0.00% | 3.02% | 0.00% | 0.00% | 0.47% | 0.00% |
UWPIX ProFunds UltraShort Dow 30 Fund | 5.20% | 4.51% | 0.00% | 2.28% | 0.00% | 0.00% | 0.00% | 0.35% |
Frequently Asked Questions
UWPIX and URPIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URPIX has higher volatility (9.55%) compared to UWPIX (8.83%). In terms of maximum drawdown, UWPIX dropped -99.78% vs URPIX's -99.92%.
UWPIX currently has the higher Sharpe Ratio (-1.27 vs -1.37), 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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