ENPIX vs. GDX
Compare and contrast key facts about ProFunds UltraSector Oil & Gas Fund (ENPIX) and VanEck 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 MarketVector Global Gold Miners Index. It was launched on May 16, 2006.
Performance
ENPIX vs. GDX - Performance Comparison
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ENPIX vs. GDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENPIX ProFunds UltraSector Oil & Gas Fund | 62.19% | 4.99% | 2.30% | -7.46% | 92.17% | 82.32% | -53.71% | 10.35% | -30.54% | -5.59% |
GDX VanEck Gold Miners ETF | 7.00% | 154.77% | 10.63% | 9.98% | -9.01% | -9.52% | 23.66% | 39.84% | -8.77% | 11.99% |
Returns By Period
In the year-to-date period, ENPIX achieves a 62.19% return, which is significantly higher than GDX's 7.00% return. Over the past 10 years, ENPIX has underperformed GDX with an annualized return of 9.73%, while GDX has yielded a comparatively higher 17.53% annualized return.
ENPIX
- 1D
- -1.60%
- 1M
- 17.21%
- YTD
- 62.19%
- 6M
- 62.26%
- 1Y
- 50.02%
- 3Y*
- 20.76%
- 5Y*
- 31.04%
- 10Y*
- 9.73%
GDX
- 1D
- 6.97%
- 1M
- -20.78%
- YTD
- 7.00%
- 6M
- 20.99%
- 1Y
- 101.08%
- 3Y*
- 43.23%
- 5Y*
- 23.96%
- 10Y*
- 17.53%
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ENPIX vs. GDX - Expense Ratio Comparison
ENPIX has a 1.51% expense ratio, which is higher than GDX's 0.51% expense ratio.
Return for Risk
ENPIX vs. GDX — Risk / Return Rank
ENPIX
GDX
ENPIX vs. GDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraSector Oil & Gas Fund (ENPIX) and VanEck 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.
| ENPIX | GDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.42 | 2.21 | -0.79 |
Sortino ratioReturn per unit of downside risk | 1.82 | 2.45 | -0.63 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.36 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.89 | 3.34 | -1.45 |
Martin ratioReturn relative to average drawdown | 4.23 | 12.07 | -7.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ENPIX | GDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 2.21 | -0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.67 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.47 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.14 | -0.01 |
Correlation
The correlation between ENPIX and GDX is 0.31, 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.
Dividends
ENPIX vs. GDX - Dividend Comparison
ENPIX's dividend yield for the trailing twelve months is around 1.70%, more than GDX's 0.69% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENPIX ProFunds UltraSector Oil & Gas Fund | 1.70% | 2.76% | 3.19% | 0.87% | 2.76% | 1.59% | 1.76% | 1.34% | 1.76% | 0.84% | 0.57% | 0.56% |
GDX VanEck Gold Miners ETF | 0.69% | 0.74% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.67% | 0.50% | 0.76% | 0.26% | 0.85% |
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 -80.34%. Use the drawdown chart below to compare losses from any high point for ENPIX and GDX.
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Drawdown Indicators
| ENPIX | GDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.12% | -80.34% | -9.78% |
Max Drawdown (1Y)Largest decline over 1 year | -27.20% | -30.84% | +3.64% |
Max Drawdown (5Y)Largest decline over 5 years | -36.48% | -46.51% | +10.03% |
Max Drawdown (10Y)Largest decline over 10 years | -84.54% | -49.79% | -34.75% |
Current DrawdownCurrent decline from peak | -1.60% | -20.78% | +19.18% |
Average DrawdownAverage peak-to-trough decline | -37.08% | -40.61% | +3.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.11% | 8.52% | +3.59% |
Volatility
ENPIX vs. GDX - Volatility Comparison
The current volatility for ProFunds UltraSector Oil & Gas Fund (ENPIX) is 7.58%, while VanEck Gold Miners ETF (GDX) has a volatility of 18.51%. 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.
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Volatility by Period
| ENPIX | GDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.58% | 18.51% | -10.93% |
Volatility (6M)Calculated over the trailing 6-month period | 21.01% | 38.19% | -17.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.11% | 46.00% | -8.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.87% | 35.73% | +3.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.55% | 37.44% | +7.11% |