ENPIX vs. GDX
Compare and contrast key facts about ProFunds UltraSector Oil & Gas Fund (ENPIX) and VanEck Vectors Gold Miners ETF (GDX).
ENPIX is managed by ProFunds. It was launched on Jun 18, 2000. GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ENPIX or GDX.
Key characteristics
| ENPIX | GDX | |
|---|---|---|
| YTD Return | 17.13% | 15.80% |
| 1Y Return | 33.44% | 10.57% |
| 3Y Return (Ann) | 31.81% | -0.06% |
| 5Y Return (Ann) | 10.75% | 13.03% |
| 10Y Return (Ann) | -1.25% | 5.36% |
| Sharpe Ratio | 1.03 | 0.25 |
| Daily Std Dev | 27.62% | 30.39% |
| Max Drawdown | -90.12% | -80.57% |
| Current Drawdown | -24.76% | -39.45% |
Correlation
The correlation between ENPIX and GDX is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ENPIX vs. GDX - Performance Comparison
In the year-to-date period, ENPIX achieves a 17.13% return, which is significantly higher than GDX's 15.80% return. Over the past 10 years, ENPIX has underperformed GDX with an annualized return of -1.25%, while GDX has yielded a comparatively higher 5.36% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ENPIX vs. GDX - Expense Ratio Comparison
ENPIX has a 1.51% expense ratio, which is higher than GDX's 0.53% expense ratio.
Risk-Adjusted Performance
ENPIX vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraSector Oil & Gas Fund (ENPIX) and VanEck Vectors Gold Miners ETF (GDX). 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.
Dividends
ENPIX vs. GDX - Dividend Comparison
ENPIX's dividend yield for the trailing twelve months is around 0.75%, less than GDX's 1.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENPIX ProFunds UltraSector Oil & Gas Fund | 0.75% | 0.87% | 2.76% | 1.59% | 1.77% | 1.34% | 1.76% | 0.84% | 0.57% | 0.56% | 0.00% | 0.00% |
GDX VanEck Vectors Gold Miners ETF | 1.39% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% | 0.90% |
Drawdowns
ENPIX vs. GDX - Drawdown Comparison
The maximum ENPIX drawdown since its inception was -90.12%, which is greater than GDX's maximum drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for ENPIX and GDX. For additional features, visit the drawdowns tool.
Volatility
ENPIX vs. GDX - Volatility Comparison
The current volatility for ProFunds UltraSector Oil & Gas Fund (ENPIX) is 6.58%, while VanEck Vectors Gold Miners ETF (GDX) has a volatility of 9.40%. This indicates that ENPIX experiences smaller price fluctuations and is considered to be less risky than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.