UXPIX vs. UHPIX
UXPIX (ProFunds Ultra Short International Fund) and UHPIX (ProFunds UltraShort China) are both Inverse Equities funds from ProFunds. Over the past 10 years, UXPIX returned -20.37%/yr vs -30.64%/yr for UHPIX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. Both charge a 1.78% expense ratio.
Performance
UXPIX vs. UHPIX - 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 UHPIX's 25.12% return. Over the past 10 years, UXPIX has outperformed UHPIX with an annualized return of -20.37%, while UHPIX has yielded a comparatively lower -30.64% 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%
UHPIX
- 1D
- -1.12%
- 1M
- -18.27%
- 6M
- 34.01%
- YTD
- 25.12%
- 1Y
- 2.46%
- 3Y*
- -19.47%
- 5Y*
- -30.70%
- 10Y*
- -30.64%
- ALL TIME*
- -30.53%
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. UHPIX - 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% |
UHPIX ProFunds UltraShort China | 25.12% | -49.82% | -29.87% | -26.13% | -63.62% | 94.89% | -64.76% | -43.34% | 39.47% | -57.67% |
Correlation
The correlation between UXPIX and UHPIX is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.46 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2008 | 0.63 |
Over the past year, the correlation between UXPIX and UHPIX has dropped to 0.40 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
UXPIX vs. UHPIX — Risk / Return Rank
UXPIX
UHPIX
UXPIX vs. UHPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Ultra Short International Fund (UXPIX) and ProFunds UltraShort China (UHPIX). 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 | UHPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.06 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 0.13 | -1.08 |
| Martin ratioReturn relative to average drawdown | -1.49 | 0.25 | -1.73 |
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Drawdowns
UXPIX vs. UHPIX - Drawdown Comparison
The maximum UXPIX drawdown since its inception was -99.50%, roughly equal to the maximum UHPIX drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for UXPIX and UHPIX.
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Drawdown Indicators
| UXPIX | UHPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.50% | -99.98% | +0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -36.06% | -41.26% | +5.20% |
Max Drawdown (3Y)Largest decline over 3 years | -65.28% | -80.64% | +15.36% |
Max Drawdown (5Y)Largest decline over 5 years | -75.70% | -96.64% | +20.94% |
Max Drawdown (10Y)Largest decline over 10 years | -90.09% | -98.49% | +8.40% |
Current DrawdownCurrent decline from peak | -99.50% | -99.96% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -82.61% | -93.45% | +10.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.06% | 21.10% | +1.96% |
Volatility
UXPIX vs. UHPIX - Volatility Comparison
The current volatility for ProFunds Ultra Short International Fund (UXPIX) is 9.79%, while ProFunds UltraShort China (UHPIX) has a volatility of 14.43%. This indicates that UXPIX experiences smaller price fluctuations and is considered to be less risky than UHPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UXPIX | UHPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.79% | 14.43% | -4.64% |
Volatility (6M)Calculated over the trailing 6-month period | 28.16% | 38.13% | -9.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.26% | 53.45% | -21.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.95% | 82.02% | -48.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.00% | 228.56% | -193.56% |
UXPIX vs. UHPIX - Expense Ratio Comparison
Both UXPIX and UHPIX have an expense ratio of 1.78%.
Dividends
UXPIX vs. UHPIX - Dividend Comparison
UXPIX's dividend yield for the trailing twelve months is around 4.22%, more than UHPIX's 3.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
UHPIX ProFunds UltraShort China | 3.43% | 4.29% | 0.00% | 3.45% | 0.00% | 0.00% | 0.00% | 0.55% |
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 UHPIX 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.
UHPIX has higher volatility (14.43%) compared to UXPIX (9.79%). In terms of maximum drawdown, UXPIX dropped -99.50% vs UHPIX's -99.98%.
UHPIX currently has the higher Sharpe Ratio (0.10 vs -1.07), 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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