ProFunds Mid Cap Growth Fund (MGPIX)
The investment seeks investment results, before fees and expenses, that track the performance of the S&P MidCap 400 Growth Index (the "index"). The fund invests in financial instruments that the advisor believes, in combination, should track the performance of the index. The index is designed to provide a comprehensive measure of mid-cap U.S. equity growth performance. It is an unmanaged float-adjusted, market capitalization-weighted index comprising of stocks from the S&P MidCap 400 that have been identified as being on the growth end of the growth-value spectrum as determined by S&P Dow Jones Indices LLC.
Fund Info
ISIN | US74318Q8318 |
---|---|
CUSIP | 74318Q831 |
Issuer | ProFunds |
Inception Date | Sep 4, 2001 |
Category | Mid Cap Growth Equities |
Min. Investment | $15,000 |
Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Growth |
Expense Ratio
MGPIX has a high expense ratio of 1.69%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: MGPIX vs. VFH
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProFunds Mid Cap Growth Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
ProFunds Mid Cap Growth Fund had a return of 12.63% year-to-date (YTD) and 26.55% in the last 12 months. Over the past 10 years, ProFunds Mid Cap Growth Fund had an annualized return of 8.57%, while the S&P 500 had an annualized return of 10.71%, indicating that ProFunds Mid Cap Growth Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 12.63% | 8.76% |
1 month | -0.78% | -0.32% |
6 months | 25.88% | 18.48% |
1 year | 26.55% | 25.36% |
5 years (annualized) | 9.29% | 12.60% |
10 years (annualized) | 8.57% | 10.71% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -0.54% | 9.57% | 5.60% | -6.15% | ||||||||
2023 | -4.99% | 7.40% | 7.21% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MGPIX is 66, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
MGPIX (ProFunds Mid Cap Growth Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProFunds Mid Cap Growth Fund (MGPIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ProFunds Mid Cap Growth Fund granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Dividend | $0.00 | $0.00 | $2.65 | $26.94 | $3.08 |
Dividend yield | 0.00% | 0.00% | 3.26% | 25.47% | 2.69% |
Monthly Dividends
The table displays the monthly dividend distributions for ProFunds Mid Cap Growth Fund. 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.65 |
2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $26.94 |
2020 | $3.08 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the ProFunds Mid Cap Growth Fund. 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 Mid Cap Growth Fund was 54.61%, occurring on Nov 20, 2008. Recovery took 510 trading sessions.
The current ProFunds Mid Cap Growth Fund drawdown is 2.12%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-54.61% | Oct 11, 2007 | 281 | Nov 20, 2008 | 510 | Dec 1, 2010 | 791 |
-39.27% | Feb 21, 2020 | 22 | Mar 23, 2020 | 114 | Sep 2, 2020 | 136 |
-33.43% | Mar 20, 2002 | 141 | Oct 9, 2002 | 352 | Mar 5, 2004 | 493 |
-29.75% | Nov 17, 2021 | 146 | Jun 16, 2022 | 432 | Mar 7, 2024 | 578 |
-26.06% | Jul 8, 2011 | 61 | Oct 3, 2011 | 312 | Jan 2, 2013 | 373 |
Volatility
Volatility Chart
The current ProFunds Mid Cap Growth Fund volatility is 4.68%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.