- ISIN
- US74318A6203
- CUSIP
- 74318A620
- Issuer
- ProFunds
- Inception Date
- Apr 30, 2002
- Category
- Leveraged Bonds
- Min. Investment
- $15,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
GVPIX Performance Chart
ProFunds U.S. Government Plus ProFund (GVPIX) is down 0.2% since the beginning of the year. GVPIX is currently trading at $32 per share. Investors who bought $1,000 worth of GVPIX shares 5 years ago would now be looking at an investment worth $519.
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Returns By Period
ProFunds U.S. Government Plus ProFund (GVPIX) has returned -0.23% so far this year and 2.85% over the past 12 months. Over the last ten years, GVPIX has returned -5.03% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
ProFunds U.S. Government Plus ProFund
- 1D
- 0.57%
- 1M
- 3.86%
- YTD
- -0.23%
- 6M
- 0.14%
- 1Y
- 2.85%
- 3Y*
- -5.88%
- 5Y*
- -12.30%
- 10Y*
- -5.03%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GVPIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2003, GVPIX's average daily return is +0.01%, while the average monthly return is +0.26%. At this rate, an investment would double in approximately 22.2 years.
Historically, 53% of months were positive and 47% were negative. The best month was Nov 2008 with a return of +20.6%, while the worst month was Jan 2009 at -18.0%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 7 months.
On a daily basis, GVPIX closed higher 51% of trading days. The best single day was Nov 13, 2007 with a return of +36.6%, while the worst single day was Nov 12, 2007 at -27.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.96% | 5.41% | -5.15% | -1.30% | 0.38% | 1.69% | -0.23% | ||||||
| 2025 | -0.22% | 7.01% | -1.97% | -1.92% | -4.29% | 2.68% | -1.78% | -0.35% | 4.18% | 1.54% | 0.10% | -2.83% | 1.62% |
| 2024 | -3.36% | -2.80% | 0.28% | -8.55% | 2.90% | 1.82% | 4.18% | 2.64% | 2.06% | -6.90% | 1.90% | -8.06% | -14.10% |
| 2023 | 7.50% | -5.61% | 5.41% | -0.08% | -3.65% | -0.13% | -3.26% | -4.20% | -10.05% | -7.33% | 11.93% | 10.27% | -1.95% |
| 2022 | -5.61% | -1.91% | -7.24% | -12.74% | -2.93% | -2.28% | 3.07% | -5.68% | -11.10% | -8.68% | 8.37% | -3.40% | -41.27% |
| 2021 | -5.59% | -7.69% | -7.75% | 3.25% | 0.35% | 5.62% | 4.99% | -0.52% | -4.20% | 4.08% | 4.18% | -3.27% | -7.66% |
Benchmark Metrics
ProFunds U.S. Government Plus ProFund has an annualized alpha of 7.27%, beta of -0.31, and R2 of 0.07 versus S&P 500 Index. Calculated based on daily prices since January 02, 2003.
- This fund tended to rise when S&P 500 Index fell (downside capture of -27.22%), but participation in market rallies was also limited (-5.97%) - a profile typical of counter-cyclical assets.
- Beta of -0.31 may look defensive, but with R2 of 0.07 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.07 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 7.27%
- Beta
- -0.31
- R²
- 0.07
- Upside Capture
- -5.97%
- Downside Capture
- -27.22%
Expense Ratio
GVPIX has a high expense ratio of 1.41%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GVPIX ranks 4 for risk / return — in the bottom 4% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProFunds U.S. Government Plus ProFund (GVPIX) and compare them to S&P 500 Index.
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.
| GVPIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.37 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 2.78 | -2.54 |
| Martin ratioReturn relative to average drawdown | 0.58 | 12.44 | -11.86 |
Dividends
Dividend History
ProFunds U.S. Government Plus ProFund provided a 2.24% dividend yield over the last twelve months, with an annual payout of $0.72 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.72 | $0.87 | $0.77 | $1.07 | $0.00 | $0.00 | $0.03 | $0.52 | $0.34 |
Dividend yield | 2.24% | 2.69% | 2.35% | 2.75% | 0.00% | 0.00% | 0.05% | 0.84% | 0.65% |
Monthly Dividends
The table displays the monthly dividend distributions for ProFunds U.S. Government Plus ProFund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.25 | ||||||
| 2025 | $0.08 | $0.09 | $0.10 | $0.06 | $0.08 | $0.06 | $0.07 | $0.07 | $0.07 | $0.08 | $0.07 | $0.05 | $0.87 |
| 2024 | $0.12 | $0.10 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.11 | $0.11 | $0.10 | $0.01 | $0.00 | $0.77 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.09 | $0.12 | $0.11 | $0.44 | $0.12 | $0.00 | $0.00 | $0.09 | $0.10 | $1.07 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ProFunds U.S. Government Plus ProFund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProFunds U.S. Government Plus ProFund was 64.42%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current ProFunds U.S. Government Plus ProFund drawdown is 61.51%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -64.42%Oct 2023 | 3y 7mo | — | 6y 3moMar 2020 - now |
2010 bear market2010 | -38.03%Apr 2010 | 1y 3mo | 1y 5mo | 2y 9moDec 2008 - Sep 2011 |
Financial crisis2007–2009 | -29.49%Nov 2007 | 2y 4mo | 14d | 2y 4moJul 2005 - Nov 2007 |
2013 bear market2013 | -27.95%Aug 2013 | 1y 26d | 1y 3mo | 2y 4moJul 2012 - Dec 2014 |
Rate-hike selloffLate 2018 | -26.56%Nov 2018 | 2y 3mo | 9mo 7d | 3y 26dJul 2016 - Aug 2019 |
Drawdown Indicators
| GVPIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.42% | -56.78% | -7.64% |
Max Drawdown (1Y)Largest decline over 1 year | -10.31% | -9.10% | -1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -23.71% | -18.90% | -4.81% |
Max Drawdown (5Y)Largest decline over 5 years | -56.38% | -25.43% | -30.95% |
Max Drawdown (10Y)Largest decline over 10 years | -64.42% | -33.92% | -30.50% |
Current DrawdownCurrent decline from peak | -61.51% | -1.80% | -59.71% |
Average DrawdownAverage peak-to-trough decline | -22.55% | -10.71% | -11.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.40% | 2.03% | +2.37% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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