WCPIX vs. USPIX

Last updated Jul 17, 2026

WCPIX (Communication Services UltraSector ProFund) and USPIX (ProFunds UltraShort NASDAQ-100 Fund) are both mutual funds - WCPIX is a Leveraged Equities fund managed by ProFunds, while USPIX is a Inverse Equities fund managed by ProFunds. Over the past 10 years, WCPIX returned 0.51%/yr vs -39.42%/yr for USPIX. At a correlation of -0.62, they often move in opposite directions. WCPIX charges 1.78%/yr vs 1.68%/yr for USPIX.

Performance

WCPIX vs. USPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Communication Services UltraSector ProFund (WCPIX) and ProFunds UltraShort NASDAQ-100 Fund (USPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WCPIX achieves a -7.33% return, which is significantly higher than USPIX's -28.74% return. Over the past 10 years, WCPIX has outperformed USPIX with an annualized return of 0.51%, while USPIX has yielded a comparatively lower -39.42% annualized return.

WCPIX

• 1D: 2.58%
• 1M: 1.32%
• 6M: -5.36%
• YTD: -7.33%
• 1Y: 6.45%
• 3Y*: -21.41%
• 5Y*: -19.04%
• 10Y*: 0.51%

USPIX

• 1D: 0.62%
• 1M: 2.53%
• 6M: -27.23%
• YTD: -28.74%
• 1Y: -40.62%
• 3Y*: -37.05%
• 5Y*: -31.48%
• 10Y*: -39.42%

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

WCPIX vs. USPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WCPIX Communication Services UltraSector ProFund	-7.33%	28.70%	-63.14%	78.07%	-54.07%	25.49%	33.81%	21.51%	22.32%	-1.70%
USPIX ProFunds UltraShort NASDAQ-100 Fund	-28.74%	-35.26%	-38.20%	-57.06%	61.80%	-46.20%	-70.91%	-50.15%	-9.56%	-44.56%

Correlation

The correlation between WCPIX and USPIX is -0.47, 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	-0.47
Correlation (3Y) Calculated over the trailing 3-year period	-0.68
Correlation (5Y) Calculated over the trailing 5-year period	-0.78
Correlation (10Y) Calculated over the trailing 10-year period	-0.68
Correlation (All Time) Calculated using the full available price history since Jun 19, 2000	-0.62

The correlation between WCPIX and USPIX shifts across timeframes, from -0.78 (5 years) to -0.47 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

WCPIX vs. USPIX — Risk / Return Rank

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

WCPIX

WCPIX Risk / Return Rank: 6
WCPIX Sharpe Ratio Rank: 6
WCPIX Sortino Ratio Rank: 6
WCPIX Omega Ratio Rank: 6
WCPIX Calmar Ratio Rank: 6
WCPIX Martin Ratio Rank: 6

USPIX

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

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.

WCPIX vs. USPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Communication Services UltraSector ProFund (WCPIX) and ProFunds UltraShort NASDAQ-100 Fund (USPIX). 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.

	WCPIX	USPIX	Difference
Sharpe ratio: Return per unit of total volatility	0.33	-1.10	+1.44
Sortino ratio: Return per unit of downside risk	0.62	-1.71	+2.33
Omega ratio: Gain probability vs. loss probability	1.07	0.82	+0.26
Calmar ratio: Return relative to maximum drawdown	0.37	-0.91	+1.28
Martin ratio: Return relative to average drawdown	0.99	-1.75	+2.74

WCPIX vs. USPIX - Sharpe Ratio Comparison

The current WCPIX Sharpe Ratio is 0.33, which is higher than the USPIX Sharpe Ratio of -1.10. The chart below compares the historical Sharpe Ratios of WCPIX and USPIX, 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

WCPIX vs. USPIX - Drawdown Comparison

The maximum WCPIX drawdown since its inception was -98.94%, roughly equal to the maximum USPIX drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for WCPIX and USPIX.

Drawdown Indicators

	WCPIX	USPIX	Difference
Max Drawdown Largest peak-to-trough decline	-98.94%	-100.00%	+1.06%
Max Drawdown (1Y) Largest decline over 1 year	-18.59%	-45.06%	+26.47%
Max Drawdown (3Y) Largest decline over 3 years	-77.46%	-80.96%	+3.50%
Max Drawdown (5Y) Largest decline over 5 years	-77.87%	-89.53%	+11.66%
Max Drawdown (10Y) Largest decline over 10 years	-77.87%	-99.37%	+21.50%
Current Drawdown Current decline from peak	-93.55%	-100.00%	+6.45%
Average Drawdown Average peak-to-trough decline	-87.66%	-96.44%	+8.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.94%	23.30%	-16.36%

Volatility

WCPIX vs. USPIX - Volatility Comparison

The current volatility for Communication Services UltraSector ProFund (WCPIX) is 8.46%, while ProFunds UltraShort NASDAQ-100 Fund (USPIX) has a volatility of 15.59%. This indicates that WCPIX experiences smaller price fluctuations and is considered to be less risky than USPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WCPIX	USPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.46%	15.59%	-7.13%
Volatility (6M) Calculated over the trailing 6-month period	16.46%	30.47%	-14.01%
Volatility (1Y) Calculated over the trailing 1-year period	20.71%	37.07%	-16.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.65%	45.96%	-0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.79%	44.63%	-4.84%

WCPIX vs. USPIX - Expense Ratio Comparison

WCPIX has a 1.78% expense ratio, which is higher than USPIX's 1.68% expense ratio.

Dividends

WCPIX vs. USPIX - Dividend Comparison

WCPIX's dividend yield for the trailing twelve months is around 1.51%, less than USPIX's 3.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
USPIX ProFunds UltraShort NASDAQ-100 Fund	3.80%	2.71%	0.00%	5.92%	0.00%	0.00%	0.07%	0.36%
WCPIX Communication Services UltraSector ProFund	1.51%	1.40%	0.00%	0.00%	0.00%	4.15%	0.00%	2.97%

Frequently Asked Questions

Can I hold both WCPIX and USPIX in my portfolio?

WCPIX and USPIX have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WCPIX or USPIX?

USPIX has higher volatility (15.59%) compared to WCPIX (8.46%). In terms of maximum drawdown, WCPIX dropped -98.94% vs USPIX's -100.00%.

Which has better risk-adjusted returns?

WCPIX currently has the higher Sharpe Ratio (0.33 vs -1.10), 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.