UXPIX vs. UJPIX

Last updated Jun 24, 2026

UXPIX (ProFunds Ultra Short International Fund) and UJPIX (ProFunds UltraJapan Fund) are both mutual funds - UXPIX is a Inverse Equities fund managed by ProFunds, while UJPIX is a Leveraged Equities fund managed by ProFunds. Over the past 10 years, UXPIX returned -21.39%/yr vs 32.29%/yr for UJPIX. At a correlation of -0.72, they often move in opposite directions. Both charge a 1.78% expense ratio.

Performance

UXPIX vs. UJPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds Ultra Short International Fund (UXPIX) and ProFunds UltraJapan Fund (UJPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UXPIX achieves a -19.40% return, which is significantly lower than UJPIX's 101.57% return. Over the past 10 years, UXPIX has underperformed UJPIX with an annualized return of -21.39%, while UJPIX has yielded a comparatively higher 32.29% 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%

UJPIX

• 1D: 2.99%
• 1M: 31.33%
• YTD: 101.57%
• 6M: 100.75%
• 1Y: 243.47%
• 3Y*: 63.62%
• 5Y*: 40.77%
• 10Y*: 32.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UXPIX vs. UJPIX - 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%
UJPIX ProFunds UltraJapan Fund	101.57%	60.72%	28.67%	70.81%	-21.63%	6.44%	23.36%	40.42%	-25.61%	39.72%

Correlation

The correlation between UXPIX and UJPIX is -0.67, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.67
Correlation (3Y) Calculated over the trailing 3-year period	-0.61
Correlation (5Y) Calculated over the trailing 5-year period	-0.66
Correlation (10Y) Calculated over the trailing 10-year period	-0.69
Correlation (All Time) Calculated using the full available price history since Apr 19, 2006	-0.72

The correlation between UXPIX and UJPIX shifts across timeframes, from -0.72 (all time) to -0.61 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

UXPIX vs. UJPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UXPIX

UXPIX Risk / Return Rank: 0
UXPIX Sharpe Ratio Rank: 0
UXPIX Sortino Ratio Rank: 0
UXPIX Omega Ratio Rank: 0
UXPIX Calmar Ratio Rank: 0
UXPIX Martin Ratio Rank: 0

UJPIX

UJPIX Risk / Return Rank: 96
UJPIX Sharpe Ratio Rank: 99
UJPIX Sortino Ratio Rank: 94
UJPIX Omega Ratio Rank: 88
UJPIX Calmar Ratio Rank: 98
UJPIX Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UXPIX vs. UJPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds Ultra Short International Fund (UXPIX) and ProFunds UltraJapan Fund (UJPIX). 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	UJPIX	Difference
Sharpe ratio: Return per unit of total volatility	-1.11	4.85	-5.96
Sortino ratio: Return per unit of downside risk	-1.62	4.51	-6.13
Omega ratio: Gain probability vs. loss probability	0.82	1.58	-0.77
Calmar ratio: Return relative to maximum drawdown	-1.03	9.24	-10.27
Martin ratio: Return relative to average drawdown	-1.72	30.86	-32.58

UXPIX vs. UJPIX - Sharpe Ratio Comparison

The current UXPIX Sharpe Ratio is -1.11, which is lower than the UJPIX Sharpe Ratio of 4.85. The chart below compares the historical Sharpe Ratios of UXPIX and UJPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UXPIX vs. UJPIX - Drawdown Comparison

The maximum UXPIX drawdown since its inception was -99.48%, which is greater than UJPIX's maximum drawdown of -89.83%. Use the drawdown chart below to compare losses from any high point for UXPIX and UJPIX.

Drawdown Indicators

	UXPIX	UJPIX	Difference
Max Drawdown Largest peak-to-trough decline	-99.48%	-89.83%	-9.65%
Max Drawdown (1Y) Largest decline over 1 year	-34.14%	-27.11%	-7.03%
Max Drawdown (3Y) Largest decline over 3 years	-64.24%	-43.92%	-20.32%
Max Drawdown (5Y) Largest decline over 5 years	-74.97%	-43.92%	-31.05%
Max Drawdown (10Y) Largest decline over 10 years	-91.30%	-56.99%	-34.31%
Current Drawdown Current decline from peak	-99.48%	0.00%	-99.48%
Average Drawdown Average peak-to-trough decline	-82.52%	-49.84%	-32.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.41%	8.10%	+13.31%

Volatility

UXPIX vs. UJPIX - Volatility Comparison

The current volatility for ProFunds Ultra Short International Fund (UXPIX) is 10.11%, while ProFunds UltraJapan Fund (UJPIX) has a volatility of 20.82%. This indicates that UXPIX experiences smaller price fluctuations and is considered to be less risky than UJPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UXPIX	UJPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.11%	20.82%	-10.71%
Volatility (6M) Calculated over the trailing 6-month period	26.94%	40.78%	-13.84%
Volatility (1Y) Calculated over the trailing 1-year period	31.68%	51.77%	-20.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.83%	42.68%	-8.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.47%	41.64%	-6.17%

UXPIX vs. UJPIX - Expense Ratio Comparison

Both UXPIX and UJPIX have an expense ratio of 1.78%.

Dividends

UXPIX vs. UJPIX - Dividend Comparison

UXPIX's dividend yield for the trailing twelve months is around 4.10%, less than UJPIX's 19.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
UJPIX ProFunds UltraJapan Fund	19.70%	39.71%	0.00%	0.00%	0.00%	14.19%	0.00%	0.00%	2.64%
UXPIX ProFunds Ultra Short International Fund	4.10%	3.30%	0.00%	3.97%	0.00%	0.00%	0.00%	0.90%	0.00%

Frequently Asked Questions

Can I hold both UXPIX and UJPIX in my portfolio?

UXPIX and UJPIX have a correlation of -0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UXPIX or UJPIX?

UJPIX has higher volatility (20.82%) compared to UXPIX (10.11%). In terms of maximum drawdown, UXPIX dropped -99.48% vs UJPIX's -89.83%.

Which has better risk-adjusted returns?

UJPIX currently has the higher Sharpe Ratio (4.85 vs -1.11), 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.