UXPIX vs. SHPIX
UXPIX (ProFunds Ultra Short International Fund) and SHPIX (ProFunds Short Small Cap ProFund) are both Inverse Equities funds from ProFunds. Over the past 10 years, UXPIX returned -20.37%/yr vs 9.98%/yr for SHPIX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. Both charge a 1.78% expense ratio.
Performance
UXPIX vs. SHPIX - Performance Comparison
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Returns By Period
In the year-to-date period, UXPIX achieves a -21.75% return, which is significantly lower than SHPIX's -15.64% return. Over the past 10 years, UXPIX has underperformed SHPIX with an annualized return of -20.37%, while SHPIX has yielded a comparatively higher 9.98% annualized return.
UXPIX
- 1D
- -5.68%
- 1M
- -3.26%
- 6M
- -14.24%
- YTD
- -21.75%
- 1Y
- -36.06%
- 3Y*
- -23.23%
- 5Y*
- -16.79%
- 10Y*
- -20.37%
- ALL TIME*
- -11.96%
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 |
UXPIX vs. SHPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UXPIX ProFunds Ultra Short International Fund | -21.75% | -40.68% | -0.70% | -23.81% | 19.33% | -25.44% | -36.55% | -33.25% | 29.63% | -37.30% |
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 UXPIX and SHPIX is 0.71, 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. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2006 | 0.74 |
The correlation between UXPIX and SHPIX has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.
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Return for Risk
UXPIX vs. SHPIX — Risk / Return Rank
UXPIX
SHPIX
UXPIX vs. SHPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Ultra Short International Fund (UXPIX) 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.
| UXPIX | SHPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.81 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | -0.85 | -0.10 |
| Martin ratioReturn relative to average drawdown | -1.49 | -1.36 | -0.12 |
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Drawdowns
UXPIX vs. SHPIX - Drawdown Comparison
The maximum UXPIX drawdown since its inception was -99.50%, roughly equal to the maximum SHPIX drawdown of -96.86%. Use the drawdown chart below to compare losses from any high point for UXPIX and SHPIX.
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Drawdown Indicators
| UXPIX | SHPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.50% | -96.86% | -2.64% |
Max Drawdown (1Y)Largest decline over 1 year | -36.06% | -27.97% | -8.09% |
Max Drawdown (3Y)Largest decline over 3 years | -65.28% | -41.50% | -23.78% |
Max Drawdown (5Y)Largest decline over 5 years | -75.70% | -41.50% | -34.20% |
Max Drawdown (10Y)Largest decline over 10 years | -90.09% | -68.01% | -22.08% |
Current DrawdownCurrent decline from peak | -99.50% | -75.54% | -23.96% |
Average DrawdownAverage peak-to-trough decline | -82.61% | -74.99% | -7.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.06% | 17.35% | +5.71% |
Volatility
UXPIX vs. SHPIX - Volatility Comparison
ProFunds Ultra Short International Fund (UXPIX) has a higher volatility of 9.79% compared to ProFunds Short Small Cap ProFund (SHPIX) at 3.81%. This indicates that UXPIX'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
| UXPIX | SHPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.79% | 3.81% | +5.98% |
Volatility (6M)Calculated over the trailing 6-month period | 28.16% | 14.14% | +14.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.26% | 19.37% | +12.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.95% | 189.00% | -155.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.00% | 134.62% | -99.62% |
UXPIX vs. SHPIX - Expense Ratio Comparison
Both UXPIX and SHPIX have an expense ratio of 1.78%.
Dividends
UXPIX vs. SHPIX - Dividend Comparison
UXPIX's dividend yield for the trailing twelve months is around 4.22%, 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% |
UXPIX ProFunds Ultra Short International Fund | 4.22% | 3.30% | 0.00% | 3.97% | 0.00% | 0.00% | 0.00% | 0.90% |
Frequently Asked Questions
UXPIX and SHPIX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UXPIX has higher volatility (9.79%) compared to SHPIX (3.81%). In terms of maximum drawdown, UXPIX dropped -99.50% vs SHPIX's -96.86%.
UXPIX currently has the higher Sharpe Ratio (-1.07 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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