ENPIX vs. MLPIX

Last updated Jun 5, 2026

ENPIX (ProFunds UltraSector Oil & Gas Fund) and MLPIX (ProFunds Mid Cap Value Fund) are both mutual funds - ENPIX is a Leveraged Equities fund managed by ProFunds, while MLPIX is a Mid Cap Value Equities fund managed by ProFunds. Over the past 10 years, ENPIX returned 7.37%/yr vs 8.61%/yr for MLPIX. A 0.65 correlation means they provide meaningful diversification when combined. ENPIX charges 1.51%/yr vs 1.78%/yr for MLPIX.

Performance

ENPIX vs. MLPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProFunds UltraSector Oil & Gas Fund (ENPIX) and ProFunds Mid Cap Value Fund (MLPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ENPIX achieves a 47.75% return, which is significantly higher than MLPIX's 8.17% return. Over the past 10 years, ENPIX has underperformed MLPIX with an annualized return of 7.37%, while MLPIX has yielded a comparatively higher 8.61% annualized return.

ENPIX

• 1D: 1.99%
• 1M: -2.48%
• YTD: 47.75%
• 6M: 42.37%
• 1Y: 69.55%
• 3Y*: 19.65%
• 5Y*: 23.89%
• 10Y*: 7.37%

MLPIX

• 1D: -0.35%
• 1M: 0.61%
• YTD: 8.17%
• 6M: 8.05%
• 1Y: 19.53%
• 3Y*: 11.87%
• 5Y*: 5.65%
• 10Y*: 8.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ENPIX vs. MLPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ENPIX ProFunds UltraSector Oil & Gas Fund	47.75%	4.99%	2.30%	-7.46%	92.17%	82.32%	-53.71%	10.35%	-30.54%	-5.59%
MLPIX ProFunds Mid Cap Value Fund	8.17%	5.48%	9.65%	13.32%	-8.61%	28.23%	1.85%	24.02%	-13.08%	10.45%

Correlation

The correlation between ENPIX and MLPIX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Sep 4, 2001	0.65

Over the past year, the correlation between ENPIX and MLPIX has dropped to 0.16 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

Return for Risk

ENPIX vs. MLPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ENPIX

ENPIX Risk / Return Rank: 52
ENPIX Sharpe Ratio Rank: 51
ENPIX Sortino Ratio Rank: 40
ENPIX Omega Ratio Rank: 38
ENPIX Calmar Ratio Rank: 80
ENPIX Martin Ratio Rank: 49

MLPIX

MLPIX Risk / Return Rank: 22
MLPIX Sharpe Ratio Rank: 20
MLPIX Sortino Ratio Rank: 22
MLPIX Omega Ratio Rank: 19
MLPIX Calmar Ratio Rank: 24
MLPIX Martin Ratio Rank: 25

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ENPIX vs. MLPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraSector Oil & Gas Fund (ENPIX) and ProFunds Mid Cap Value Fund (MLPIX). 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	MLPIX	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.26	+0.86
Sortino ratio: Return per unit of downside risk	2.62	1.92	+0.70
Omega ratio: Gain probability vs. loss probability	1.32	1.22	+0.10
Calmar ratio: Return relative to maximum drawdown	3.61	1.77	+1.84
Martin ratio: Return relative to average drawdown	10.08	5.98	+4.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ENPIX vs. MLPIX - Sharpe Ratio Comparison

The current ENPIX Sharpe Ratio is 2.12, which is higher than the MLPIX Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of ENPIX and MLPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ENPIX	MLPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	1.26	+0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.29	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	0.40	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.34	-0.22

Drawdowns

ENPIX vs. MLPIX - Drawdown Comparison

The maximum ENPIX drawdown since its inception was -90.12%, which is greater than MLPIX's maximum drawdown of -60.11%. Use the drawdown chart below to compare losses from any high point for ENPIX and MLPIX.

Drawdown Indicators

	ENPIX	MLPIX	Difference
Max Drawdown Largest peak-to-trough decline	-90.12%	-60.11%	-30.01%
Max Drawdown (1Y) Largest decline over 1 year	-17.99%	-10.68%	-7.31%
Max Drawdown (3Y) Largest decline over 3 years	-32.27%	-23.24%	-9.03%
Max Drawdown (5Y) Largest decline over 5 years	-36.48%	-23.24%	-13.24%
Max Drawdown (10Y) Largest decline over 10 years	-84.54%	-45.96%	-38.58%
Current Drawdown Current decline from peak	-10.36%	-0.83%	-9.53%
Average Drawdown Average peak-to-trough decline	-36.90%	-9.37%	-27.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.44%	3.16%	+3.28%

Volatility

ENPIX vs. MLPIX - Volatility Comparison

ProFunds UltraSector Oil & Gas Fund (ENPIX) has a higher volatility of 12.27% compared to ProFunds Mid Cap Value Fund (MLPIX) at 3.85%. This indicates that ENPIX's price experiences larger fluctuations and is considered to be riskier than MLPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENPIX	MLPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.27%	3.85%	+8.42%
Volatility (6M) Calculated over the trailing 6-month period	24.82%	10.47%	+14.35%
Volatility (1Y) Calculated over the trailing 1-year period	30.77%	15.09%	+15.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.79%	19.49%	+19.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.70%	21.39%	+23.31%

ENPIX vs. MLPIX - Expense Ratio Comparison

ENPIX has a 1.51% expense ratio, which is lower than MLPIX's 1.78% expense ratio.

Dividends

ENPIX vs. MLPIX - Dividend Comparison

ENPIX's dividend yield for the trailing twelve months is around 1.87%, more than MLPIX's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ENPIX ProFunds UltraSector Oil & Gas Fund	1.87%	2.76%	3.19%	0.87%	2.76%	1.59%	1.76%	1.34%	1.76%	0.84%	0.57%	0.56%
MLPIX ProFunds Mid Cap Value Fund	0.44%	0.47%	0.00%	0.00%	0.00%	0.89%	0.22%	0.40%	3.92%	10.95%	0.56%	0.00%

Frequently Asked Questions

Can I hold both ENPIX and MLPIX in my portfolio?

ENPIX and MLPIX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ENPIX or MLPIX?

ENPIX has higher volatility (12.27%) compared to MLPIX (3.85%). In terms of maximum drawdown, ENPIX dropped -90.12% vs MLPIX's -60.11%.

Which has better risk-adjusted returns?

ENPIX currently has the higher Sharpe Ratio (2.12 vs 1.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.