ProFunds UltraBull Fund (ULPIX)
The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P 500 Index(the "index"). The fund invests in financial instruments that ProFund Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization and financial viability.
Fund Info
| ISIN | US7431858031 |
|---|---|
| CUSIP | 743185803 |
| Issuer | ProFunds |
| Inception Date | Nov 25, 1997 |
| Category | Leveraged Equities, Leveraged |
| Min. Investment | $15,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
ULPIX has a high expense ratio of 1.46%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: ULPIX vs. DXSLX, ULPIX vs. RYVVX, ULPIX vs. RYNVX, ULPIX vs. SPY, ULPIX vs. SSO, ULPIX vs. UPRO, ULPIX vs. VTI, ULPIX vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProFunds UltraBull 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 UltraBull Fund had a return of 48.43% year-to-date (YTD) and 66.05% in the last 12 months. Over the past 10 years, ProFunds UltraBull Fund had an annualized return of 16.07%, outperforming the S&P 500 benchmark which had an annualized return of 11.39%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 48.43% | 25.48% |
| 1 month | 3.65% | 2.14% |
| 6 months | 22.76% | 12.76% |
| 1 year | 66.05% | 33.14% |
| 5 years (annualized) | 15.08% | 13.96% |
| 10 years (annualized) | 16.07% | 11.39% |
Monthly Returns
The table below presents the monthly returns of ULPIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.52% | 10.09% | 5.69% | -8.61% | 7.64% | 9.24% | 0.74% | 3.85% | 3.47% | -2.53% | 48.43% | ||
| 2023 | 12.06% | -5.53% | 6.51% | 2.50% | 0.08% | 12.78% | 5.83% | -3.93% | -9.91% | -4.96% | 18.12% | 8.54% | 45.59% |
| 2022 | -10.54% | -6.41% | 6.86% | -17.23% | -0.64% | -16.71% | 18.57% | -8.72% | -18.35% | 15.59% | 10.26% | -20.20% | -44.92% |
| 2021 | -2.37% | 5.22% | 8.52% | 10.63% | 1.05% | 4.44% | 4.53% | 5.91% | -15.07% | 14.16% | -1.75% | 8.72% | 49.25% |
| 2020 | -0.52% | -15.13% | -30.63% | 25.03% | 9.05% | 2.83% | 11.35% | 14.44% | -8.15% | -5.75% | 22.51% | -4.56% | 5.91% |
| 2019 | 15.83% | 6.09% | 3.35% | 7.80% | -12.85% | 13.93% | 2.44% | -3.99% | 3.34% | 3.84% | 7.02% | 5.62% | 62.17% |
| 2018 | 11.29% | -8.03% | -5.69% | 0.20% | 4.43% | 0.79% | 7.11% | 6.17% | 0.78% | -14.27% | 3.35% | -18.06% | -15.29% |
| 2017 | 3.45% | 7.80% | -0.10% | 1.76% | 2.50% | 0.92% | 3.83% | 0.18% | 3.84% | 4.41% | 5.86% | 1.98% | 42.77% |
| 2016 | -10.26% | -0.75% | 13.68% | 0.49% | 3.27% | 0.10% | 7.23% | 0.02% | -0.39% | -3.79% | 7.22% | 3.75% | 20.27% |
| 2015 | -6.33% | 11.45% | -3.52% | 1.69% | 2.29% | -4.16% | 4.03% | -12.40% | -5.51% | 17.23% | 0.35% | -3.77% | -2.12% |
| 2014 | -6.00% | 7.58% | 1.37% | 1.14% | 4.40% | 3.94% | -3.03% | 7.87% | -3.06% | 4.36% | 5.27% | -0.89% | 24.23% |
| 2013 | 10.18% | 2.29% | 7.35% | 3.54% | 4.30% | -3.17% | 10.31% | -6.04% | 6.09% | 8.97% | 5.88% | 4.82% | 68.23% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of ULPIX is 75, placing it in the top 25% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProFunds UltraBull Fund (ULPIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ProFunds UltraBull Fund provided a 0.60% dividend yield over the last twelve months, with an annual payout of $0.88 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.88 | $0.02 | $0.00 | $0.00 | $0.41 | $0.33 | $0.06 |
Dividend yield | 0.60% | 0.02% | 0.00% | 0.00% | 0.49% | 0.42% | 0.13% |
Monthly Dividends
The table displays the monthly dividend distributions for ProFunds UltraBull 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.88 | $0.00 | $0.00 | $0.00 | $0.00 | $0.88 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 |
| 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 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
| 2018 | $0.06 | $0.00 | $0.00 | $0.06 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the ProFunds UltraBull 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 UltraBull Fund was 89.55%, occurring on Mar 9, 2009. Recovery took 1953 trading sessions.
The current ProFunds UltraBull Fund drawdown is 0.60%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -89.55% | Mar 27, 2000 | 2250 | Mar 9, 2009 | 1953 | Dec 7, 2016 | 4203 |
| -59.41% | Feb 20, 2020 | 23 | Mar 23, 2020 | 166 | Nov 16, 2020 | 189 |
| -47.16% | Jan 4, 2022 | 248 | Dec 28, 2022 | 368 | Jun 17, 2024 | 616 |
| -36.98% | Jul 21, 1998 | 57 | Oct 8, 1998 | 53 | Dec 23, 1998 | 110 |
| -36.76% | Sep 21, 2018 | 65 | Dec 24, 2018 | 131 | Jul 3, 2019 | 196 |
Volatility
Volatility Chart
The current ProFunds UltraBull Fund volatility is 7.49%, 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.