UXPIX vs. UIPIX
UXPIX (ProFunds Ultra Short International Fund) and UIPIX (ProFunds UltraShort Mid Cap Fund) are both Inverse Equities funds from ProFunds. Over the past 10 years, UXPIX returned -21.39%/yr vs -7.60%/yr for UIPIX. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 1.78% expense ratio.
Performance
UXPIX vs. UIPIX - Performance Comparison
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Returns By Period
In the year-to-date period, UXPIX achieves a -19.40% return, which is significantly higher than UIPIX's -25.34% return. Over the past 10 years, UXPIX has underperformed UIPIX with an annualized return of -21.39%, while UIPIX has yielded a comparatively higher -7.60% annualized return.
UXPIX
- 1D
- -0.35%
- 1M
- -4.46%
- YTD
- -19.40%
- 6M
- -18.70%
- 1Y
- -34.09%
- 3Y*
- -24.71%
- 5Y*
- -16.60%
- 10Y*
- -21.39%
UIPIX
- 1D
- -0.70%
- 1M
- -6.97%
- YTD
- -25.34%
- 6M
- -22.47%
- 1Y
- -36.05%
- 3Y*
- -25.29%
- 5Y*
- 29.03%
- 10Y*
- -7.60%
UXPIX vs. UIPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UXPIX ProFunds Ultra Short International Fund | -19.40% | -40.68% | -0.70% | -23.81% | 19.33% | -25.44% | -36.55% | -33.25% | 29.63% | -37.30% |
UIPIX ProFunds UltraShort Mid Cap Fund | -25.34% | -13.23% | -22.21% | 668.01% | 11.30% | -42.71% | -53.90% | -38.37% | 21.21% | -27.33% |
Correlation
The correlation between UXPIX and UIPIX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2006 | 0.77 |
The correlation between UXPIX and UIPIX has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.
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Return for Risk
UXPIX vs. UIPIX — Risk / Return Rank
UXPIX
UIPIX
UXPIX vs. UIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Ultra Short International Fund (UXPIX) and ProFunds UltraShort Mid Cap Fund (UIPIX). 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 | UIPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.81 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -1.03 | -1.03 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.72 | -1.86 | +0.15 |
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Drawdowns
UXPIX vs. UIPIX - Drawdown Comparison
The maximum UXPIX drawdown since its inception was -99.48%, roughly equal to the maximum UIPIX drawdown of -99.84%. Use the drawdown chart below to compare losses from any high point for UXPIX and UIPIX.
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Drawdown Indicators
| UXPIX | UIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.48% | -99.84% | +0.36% |
Max Drawdown (1Y)Largest decline over 1 year | -34.14% | -35.97% | +1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -64.24% | -64.88% | +0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -74.97% | -64.88% | -10.09% |
Max Drawdown (10Y)Largest decline over 10 years | -91.30% | -91.19% | -0.11% |
Current DrawdownCurrent decline from peak | -99.48% | -99.22% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -82.52% | -80.78% | -1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.41% | 21.02% | +0.39% |
Volatility
UXPIX vs. UIPIX - Volatility Comparison
ProFunds Ultra Short International Fund (UXPIX) has a higher volatility of 10.11% compared to ProFunds UltraShort Mid Cap Fund (UIPIX) at 9.12%. This indicates that UXPIX's price experiences larger fluctuations and is considered to be riskier than UIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UXPIX | UIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.11% | 9.12% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 26.94% | 23.47% | +3.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.68% | 31.55% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.83% | 418.87% | -385.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.47% | 297.67% | -262.20% |
UXPIX vs. UIPIX - Expense Ratio Comparison
Both UXPIX and UIPIX have an expense ratio of 1.78%.
Dividends
UXPIX vs. UIPIX - Dividend Comparison
UXPIX's dividend yield for the trailing twelve months is around 4.10%, more than UIPIX's 3.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
UIPIX ProFunds UltraShort Mid Cap Fund | 3.49% | 2.60% | 0.00% | 4.74% | 0.00% | 0.00% | 0.00% | 0.48% |
UXPIX ProFunds Ultra Short International Fund | 4.10% | 3.30% | 0.00% | 3.97% | 0.00% | 0.00% | 0.00% | 0.90% |
Frequently Asked Questions
UXPIX and UIPIX 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 (10.11%) compared to UIPIX (9.12%). In terms of maximum drawdown, UXPIX dropped -99.48% vs UIPIX's -99.84%.
UXPIX currently has the higher Sharpe Ratio (-1.11 vs -1.18), 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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